News

News

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    Posted: August 14, 2017, 4:46 pm

    MFA Financial Co-CEO William Gorin Dies at Age 59

    MFA Financial, Inc. (NYSE: MFA) board member and co-CEO William Gorin has died at the age of 59, the company announced Aug. 11.

    Gorin joined MFA in 1997 and was named CEO in January 2014. Before becoming CEO, Gorin served as president from 2008 to 2013. From 1997 to 2008, Gorin was executive vice president, and from 2001 to September 2010 he served as CFO. In addition, Gorin was treasurer and ...

    Posted: August 10, 2017, 7:07 pm

    Single-Family Rental REITs Invitation Homes, Starwood Waypoint to Merge

    Single-Family Rental REITs Invitation Homes, Starwood Waypoint to Merge

    Invitation Homes (NYSE: INVH) said Aug. 10 that it will combine with Starwood Waypoint Homes (NYSE: SFR) in an all-stock deal described by the two single-family rental housing REITs as a “merger of equals.”

    Posted: August 1, 2017, 7:58 pm

    REIT Returns Modestly Higher in July

    REIT Returns Modestly Higher in July

    REIT returns were modestly higher in July, although certain property segments continue to post outsized gains.

    The total returns of the FTSE NAREIT All REITs Index rose 1.2 percent in July, while the S&P 500 posted a total return of 2.1 percent. For the first seven months of 2017, total returns of the FTSE NAREIT All REITs Index gained 6.7 percent, while the S&P 500 returned 11.6 percent.

    Posted: July 19, 2017, 3:39 pm

    888 Boylston Takes Sustainability to New Level for Boston Properties

    In a city renowned for its landmarks, Boston Properties, Inc. (NYSE: BXP) has added the wind turbines atop its 888 Boylston Street building in Boston’s Back Bay to a diverse list of sights.

    Bryan Koop, Boston Properties’ executive vice president for the Boston region, says the wind turbines have become a “real design feature” of the city and epitomize the bold goals set out for the building.

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    Posted: July 18, 2017, 5:34 pm

    REIT Capital Raising Buoyed by Low Interest Rates

    REITs raised more capital in the first half of the year than they did in the same period of 2016, as companies continue to take advantage of low interest rates, according to analysts.

    Through June 30, REITs raised a total of approximately $44.2 billion in 2017, 17 percent more than the $37.9 billion raised during the first half of 2016, according to NAREIT data.

    “Capital markets are active an...

    Posted: July 10, 2017, 3:49 pm

    Phillips Edison Creates Team to Tackle Retail Changes

    At last month’s RECon global shopping center industry event in Las Vegas, Phillips Edison & Co. held more than 1,500 meetings with retailers. In stark contrast to news reports of bleak conditions in the retail business, the overall mood was positive, according to Mike Conway, head of Phillips Edison’s new emerging trends team. Many retailers were excited to discuss new strategies and store mode...

    Posted: July 6, 2017, 3:32 pm

    FTSE NAREIT All REITs Index Up 5.4 Percent in 2017’s First Half

    REIT returns were positive in the first half of 2017, but underperformed the broader market. Looking ahead, industry fundamentals remain solid heading into the remainder of the year, according to REIT market watchers.

    The total returns of the FTSE NAREIT All REITs Index rose 2 percent in June, while the S&P 500 posted a total return of 0.6 percent. For the first six months of 2017, total retur...

    Posted: July 5, 2017, 5:37 pm

    Monogram Residential Agrees to $3 Billion Go-Private Transaction

    Apartment REIT Monogram Residential Trust, Inc. (NYSE: MORE) said July 4 that it has agreed to be bought by a private investment consortium in a deal valued at approximately $3 billion.

    Posted: June 30, 2017, 4:51 pm

    Parkway Announces $1.2 Billion Sale Agreement with Canada Pension Plan

    Parkway, Inc. (NYSE: PKY) said June 30 it has agreed to be sold to the Canada Pension Plan Investment Board (CPPIB) for $1.2 billion.

    Parkway’s portfolio consists of the Houston-based assets that were spun off into a new REIT following the 2016 merger between Cousins Properties Inc. (NYSE: CUZ) and Parkway Properties, Inc.

    Posted: June 28, 2017, 4:08 pm

    Government Properties to Acquire First Potomac in $1.4 Billion Deal

    Government Properties Income Trust (NASDAQ: GOV) said June 28 that it has agreed to buy First Potomac Realty Trust (NYSE: FPO) for approximately $1.4 billion in cash, including debt.

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