REIT News Archives

IPC US Real Estate Investment Trust announced today that it expects the conditions to the acquisition of IPC REIT by Everclear Acquisition Corporation, a wholly-owned subsidiary of Behringer Harvard REIT I, ... via Canada NewsWire

“It's a little nicer that we don't have to go through that. We'll see if we can't lock down all the major tenants by the first of the year.”

While the Rubik's Cube shuffle of tenants and space continues behind closed doors, additional players have emerged in the development of Alba Village at the Northgate Centre planned for the old Medco property ... via Medford Mail Tribune

“The timing was really great for us. We were able to take advantage of the credit crunch instead of sitting on the sidelines”

The ongoing credit crunch helped Lightstone Value Real Estate Investment Trust Inc. via Commercial Property News

Q: I am conflicted by what I have been reading about Social Security in your columns and book The Coming Generational Storm. via Houston Chronicle

WINNIPEG, Nov. 29 /CNW/ - Lakeview Hotel Real Estate Investment Trust is pleased to report its financial results for the three months ended September 30, 2007. via Canada NewsWire

After a splendid quarter for real estate company Simon Property Group, Inc. , Zacks real estate analyst Greg Sukenik maintains his Buy rating on the shares. via Zacks Analyst Blog

MONTREAL, QUEBEC, November 27 / MARKET WIRE/ -- The trustees of BTB Real Estate Investment Trust have issued the financial results for the three-month and nine-month periods ended September 30, 2007 and are ... via Customer Interaction Solutions

“While we view REITs as partly defensive in nature, given long average leases and dividends, we cannot overlook the current credit market disruption and continued expected slowdown in GDP growth in the U.S. ”

Goldman Sachs analysts Jonathan Habermann, Mark Biffert, Sloan Bohlen and Thomas Baldwin on Nov. via SNL Financial

“We've seen that in Seattle , Portland and Colorado for example.”

Chairman and CEO Richard Campo said Nov. 14 that REITs should be proactive and embrace "going green" because "at the end of the day" if the industry does not embrace it, the government will force Leadership in ... via SNL Financial

“With the market comprising listed Indian real estate Companies expected to touch the $5-billion mark in the next 4-5 years, REITs offer a tremendous opportunity”

No bumpy ride for real estate investment trusts The government is expected to spell out in Budget 2008-09 the tax structure for real estate investment trusts . via Express India

“In 1989, we were hard pressed to invest in 16 countries”

For real estate investors, global Markets look brighter than those in the US today. via Express India

“It may feel like a bad time, but there are some important valuation metrics that say differently”

If you are trying to see where the best place to put your money in the real estate market you may be surprised. via The Real Estate Bloggers

Fitch Ratings Services on Nov. 21 placed $5.4 billion of rated liabilities, spanning 120 classes of 15 collateralized debt obligations backed by trust preferred securities issued by REITs, on rating watch ... via SNL Financial

A North Carolina state judge rejected an attempt by Wal-Mart Stores Inc to block public access to certain court documents in a tax dispute with state authorities, the Wall Street Journal reported Friday in its ... via Earth Times

A source tells GlobeSt.com that Behringer Harvard's $1.4-billion definitive agreement to acquire locally based IPC US REIT and its portfolio of 35 class A office buildings in the US is getting set to close. via GlobeSt.com

Q:Due to the declining value of the U.S. dollar, I would like to look for a non-dollar investment to balance my portfolio. via Daily Herald

“I am being told that is the only group looking at this”

Intermodal confirmed Tuesday that La Porte County is out of the running for a future rail intermodal facility. via LaPorte Herald Argus

“We are also looking at introducing REITs... consultations with persons that have better understanding of these products have commenced and shortly we are going to write the first set of proposals”

Business SEBI plans to introduce real estate trusts Mumbai : Capital market regulator SEBI has initiated the process to introduce real estate investment trusts and will shortly come up with the first set of ... via The Hindu

“A typical external management agreement grants the external manager a relatively broad level of authority, and does not require the manager to balance its own interests with those of the REIT's shareholders and bondholders”

REITs took another fall as the broader markets squeezed out gains on Tuesday, Nov. via SNL Financial

Hines Chase Tower Houston-based Hines has completed its purchase of downtown Dallas' Chase Tower. via The Dallas Morning News

DUNDEE REIT today announced a cash distribution of $0.183 per REIT Unit, Series A for the month of November. via Market Wire

Real estate investment trusts, or REITS: what lies ahead for this group? Joining us today is Zacks senior REIT analyst Greg Sukenik for his perspective on the industry. via Zacks Analyst Interviews

“Given the under-geared nature of the balance sheet, and the funding that has been granted to them, there is a real opportunity to extend the buy-back program substantially”

Shares in real estate investment trust British Land fell to their lowest level in two years on Monday, after analysts cut their price target and predicted little improvement in the company's dwindling fortunes ... via Forbes.com

InterRent Real Estate Investment Trust announced today that its distribution declared for the month of December 2007 is $0.0317, per unit, equal to $0.38 per unit on an annualized basis, representing an annual ... via Market Wire

BUYINS.NET / www.squeezetrigger.com is monitoring AVALONBAY CMNTYS INC in real time and just received an alert that is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start ... via M2.com

A shareholder in a shopping center investment firm founded by Inland Group Inc. has gone to court to block its acquisition of four related companies, saying the $375-million price tag is inflated and the deal ... via Crain's Chicago Business Weekly Edition

“This event celebrates our commitment to the Christiansburg area and the inception of a new retail shopping destination created by adding New River Valley Center next to New River Valley Mall”

Speakers at the grand opening ceremony include: -- Joseph Coradino, President, PREIT Services LLC -- The Honorable Richard Ballengee, Mayor, Christiansburg -- Lance Terpenny, Town Manager, Christiansburg -- ... via PR-inside.com

“In addition to the attractive pricing, Junior Subordinated Notes are not subject to any financial covenants and permit the Company to maintain flexibility under our credit facilities.”

The Junior Subordinated Notes are interest only at a fixed rate of 7.87% per annum through January 2013, followed by a floating rate of interest thereafter at a spread of 330 basis points over LIBOR. via PR-inside.com

“Although REITs value may drop during a financial crisis, you may still get your returns”

KUALA LUMPUR: Real estate investment trusts remain as the ideal investment in an uncertain economic environment as REITS has low correlation with the equity markets, said Quill Capita Management Sdn Bhd's chief ... via Theedgedaily.com

Basic and diluted net loss per unit Funds From Operations $ 2,886 $ 6,880 FFO per weighted average unit, basic and diluted $ 0.014 $ 0.039 ... via Canada NewsWire

“The deductibility of mortgage interest payments in the U.S. causes people to take on more debt because of the tax break”

(Special) - Canadian investors and homeowners worried about a meltdown in the real estate market here in Canada can relax.

The subprime mortgage crisis in the U.S. isn't like to happen up here in the cooler, more fiscally conservative north. The Canadian housing market is not a bubble waiting to burst and owning a home is still a good investment and wealth management strategy, financial experts believe.

"You have a bubble situation when there is a lot of speculation and leverage in the market," says Patricia Lovett-Reid, senior vice-president with TD Waterhouse. "We are not seeing that in Canada now." Read more

Volatility has returned to the capital markets and that's good news for strategic-minded investors. via Seeking Alpha

Charter Real Estate Investment Trust is pleased to announce that it has achieved Tier 1 Issuer status on the TSX Venture Exchange , effective November 1, 2007. via Market Wire

TORONTO, Nov. 13 /CNW/ - IPC US Real Estate Investment Trust , the only Canadian REIT investing exclusively in U.S. office properties, announced today its financial results for the three months and nine months ... via Canada NewsWire

The global REIT market had risen to a total market capitalization of $764 billion as of June, compared to $608 billion as of June 2006, Ernst & Young said in an October report. via SNL Financial

“To wit, shares of FR increased 2.9% between the June 29 close and the conclusion of [the Oct. 23] trading session. We expect solid 3Q earnings and advise clients to cover short positions in advance of tonight's numbers”

With 18.32% of its outstanding shares held short as of Oct. 15, compared to 16.03% at Sept. via SNL Financial

SL Green Realty Corp. announced today that it has entered into an agreement to sell 440 Ninth Avenue in Manhattan for $160 million, or approximately $472 per square foot, to a joint venture between Paramount ... via Business Wire

“BBB'. In addition to estimating expected equity, Fitch calculates the REIT's 'adjusted equity”

The report, entitled 'Updated Criteria for U.S. Equity REIT Capital Standards,' incorporates both quantitative and qualitative elements in determining appropriate risk weights for different REIT assets, such as ... via PR-inside.com

Cominar REIT posted a lower third-quarter profit of $6.9 million Wednesday as operating revenue rose 71 per cent on acquisitions. via CANOE

“While a number of quite large North American REITs have been take private in the last year”

The U.S. is still the single biggest real estate investment market, but in a dramatic shift, the sector is growing in leaps and bounds around the world while running into a rough patch in the States. via Dailyii

Global REIT market capitalization was $764 billion as of June 30, up about 25% from the year before, according to a report by Ernst & Young. via InvestmentNews

“Economists and government officials have underestimated its size and duration every step of the way”

The housing slump has everyone on edge -- from home buyers to home sellers to investors. via Kiplinger's Personal Finance

“We are very pleased with the strong performance of our long-term care operations in the quarter”

MISSISSAUGA, ONTARIO, November 8 / MARKET WIRE/ -- Chartwell Seniors Housing Real Estate Investment Trust announced today improved results for the three and nine months ended September 30, 2007. via Customer Interaction Solutions

Let us begin our commentary by first providing an update on our four most recent signals in our DJIA Timing System: 1st signal entered: 50% long position on September 7, 2006 at 11,385; 2nd signal entered: ... via Safehaven

REITs and the broader markets were mixed on Thursday, Nov. 8. The MSCI US REIT Index gained 0.49% to 935.10, and the SNL US REIT Equity Index picked up 0.53% to 240.56 with 68 winners, 43 losers and four ... via SNL Financial

NEW YORK, NEW YORK, November 9 / MARKET WIRE/ -- Crystal River Capital, Inc. amended its reconciliation of net loss to estimated REIT taxable income for the three and nine months ended September 30, 2007. via Customer Interaction Solutions

KBS REIT of Newport Beach, CA has acquired the four-story, 180,772-sf ADP Plaza office project in Downtown Portland from Antares ADP Inc. via GlobeSt.com

Canadian Real Estate Investment Trust today announced results for the three- and nine-month periods ended September 30, 2007. via Market Wire

Lakeview Hotel Real Estate Investment Trust - Announces Agreement to Purchase 16th Property WINNIPEG, Nov. via Canada NewsWire

Since RCC, as a REIT, expects to make distributions based on taxable income, RCC expects that its distributions may at times be more or less than its reported income. via Customer Interaction Solutions

“The returns can still be achieved, but not as easily as in the past”

Although the REIT landscape has experienced some major shifts in the past year, investors continue to view REITs as exciting and attractive opportunities, an Ernst & Young report has found. via Commercial Property News

“I take comfort in the fact that we will not be competing in any meaningful fashion with any of those projects as they come on line during second-quarter 2009 and beyond”

Team-building: 1010 Midtown is a joint development of Daniel Corp., Selig Enterprises and Canyon-Johnson Urban Fund. via Atlanta Business Chronicle

“McKinney was the nation's fastest-growing city in population in its size category for the entire 2000-2006 period, skyrocketing from a population of 54,409 in 2000 to 107,530 in 2006, a 97.6 percent increase.”

NNN Apartment REIT, Inc. has acquired Villas of El Dorado. The acquisition closed on November 2, 2007. via Earth Times

The spider sense starts tingling on page 3 of Lanesborough REIT's annual financial statement. via The Globe and Mail

“We are very pleased to finalize the acquisition of this well-located Gulf coast asset. With its scale and amenities the property is an excellent portfolio fit. The acquisition also extends our footprint in the dynamic Florida market.”

MHI Hospitality Corporation announced today that the Company has completed the acquisition of the 250-room former Clarion Hotel in Tampa, Florida for $13.5 million, or $54,000 per room. via Hotel Online

Noted for their simplicity and other advantages over mutual funds, exchange-traded funds have become a popular investing tool. via Motley Fool

“In addition to the 99 per cent occupancy rate in the currently built space, we have pre-leased almost 25 per cent of the future expansion and development area in these properties, a substantial increase over the prior quarter”

Calloway Real Estate Investment Trust earned a third-quarter profit of $7.3 million as revenue grew nearly 30 per cent, the trust said Tuesday. via CANOE

Over the last year, more than 200 new exchange-traded funds have been added to our lineup, with this year's guide covering over 500 exchange-traded funds. via The American Association of Individua...

“We can either set up our own REIT or do it through a joint venture”

SERI KEMBANGAN : Country Heights Holdings Bhd plans to launch a real estate investment trust that focuses on unlocking its commercial properties by 2009. via The Star Online

MSCI Barra, a leading provider of benchmark indices and risk management analytics products, announced today changes to the MSCI Global Standard Indices that will be made as of the close of November 30, 2007. via Business Wire

RAIT Financial Trust , a diversified real estate finance company, today reported results for the quarter ended September 30, 2007. via Business Wire

“Gramercy Capital has performed well for its stockholders since the company was launched in 2004”

Locally based Gramercy Capital and American Financial Realty Trust have entered into a definitive merger agreement valued at $3.4 billion. via GlobeSt.com

BUYINS.NET: NLS, RWT, MEMY Have Been Added To Naked Short List Today RDATE:29102007 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked ... via Customer Interaction Solutions

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“There is really no positive news in today's report, as most of the metro areas are showing declining or vanishing returns on both an annual and monthly basis.”

REITs and the broader markets were mixed on Tuesday, Oct. 30. The MSCI US REIT Index rose 0.92% to 1007.38, and the SNL US REIT Equity Index gained 0.86% to 258.65 with 74 winners, 37 losers and five companies ... via SNL Financial

ARA Asset Management, an affiliate of Hong Kong-based conglomerate Cheung Kong Holdings that manages real estate investment trusts and other property funds, said Monday it has launched an initial public ... via Quamnet

Sign-up Now for a Free Test Drive of a New Sales Prospecting and Leads subscription services. via Atlanta Business Chronicle

“We look for sluggish job growth to continue over the next several quarters with more layoffs in construction and housing-related services, including financial services”

REITs posted sizable losses once again on Friday, Nov. 2, as the broader markets managed to squeeze out gains. via SNL Financial

The Company is a subsidiary of PL Retail LLC, a joint venture between Kimco Realty Corporation and clients of DRA Advisors LLC. via PR-inside.com

Postproperties.com - Post Properties, Inc. today announced that it has expanded by $150 million its unsecured revolving line of credit facility, bringing the total commitment to $600 million. via PR-inside.com

October paid off once again for the optimists. Red ink was nowhere to be found among the major asset classes, as our table below shows. via The US Market Blog

This could be the first down year for real estate investment trusts since 1999. So we wondered if there was a systematic way to blunt or even reverse this downturn for REIT shareholders, and maybe to accentuate ... via MarketWatch

“I think what's been vindicated is the strength of the businesses underlying the trusts themselves”

Canadian income trusts have taken a beating over the past year but their lure remains strong even though thousands of spooked investors sold off their investments in response to the federal government's ... via Sympatico Finance

“The logic here is much simpler: It's what could we do to drive free cash flow and raise dividends. No more, no less.”

Sinclair Broadcast Group, unable to expand its roster of television stations, disclosed yesterday that it has spent $35.1 million to acquire and invest in commercial real estate in Maryland and elsewhere.

David D. Smith, chief executive of the Hunt Valley broadcaster, told analysts yesterday that the real estate deals fit the company's strategy of finding high-return opportunities outside television.

The company has seen returns as high as 20 percent on some of its ventures, he said. Read more

“We are bullish on the retail real estate equities sector. Economic fundamentals remain robust, consumer expenditures and retail sales continue to grow, and demand and supply conditions for Canadian shopping centres remain healthy”

Raymond James has a new real estate analyst and she likes what she sees in the retail real estate investment trust sector. via National Post