Brookfield to buy Watermark Lodging Trust for $3.8bn
Brookfield Asset Management is acquiring Watermark Lodging Trust, a self-managed non-traded real estate investment trust(REIT) with a portfolio of lodging assets, for $3.8 billion.
Watermark Lodging...
LondonMetric divests seven assets for £34m
LondonMetric Property has sold seven long income assets for £33.9 million (LondonMetric share: £29.6 million), reflecting a blended NIY of 4.5% and crystallising a...
Office tower in Orange County sells for $150.5m
Pacific Oak Strategic Opportunity REIT has sold City Tower, a 435,000-square-foot Class A office tower in Orange to Opal Holdings, a New York-based real...
Montgomery Street Partners launches $1bn REIT to invest in ground leases
Commercial real estate investment firm Montgomery Street Partners (MSP) announced that it has formed a new venture with a U.S.-based Fortune 500 global insurance...
RDI CEO Mike Watters to step down, Stephen Oakenfull appointed as his successor
RDI REIT has announced that Mike Watters will be retiring from RDI and stepping down as an Executive Director and CEO during December 2020....
Ires grows rental portfolio with €31.75m forward purchase
Irish Residential Properties REIT plc (IRES) has agreed to acquire 77 apartments in Naas, Co. Kildare, for €31.75 million, reinvesting proceeds from its ongoing...
Landsec boosts Bluewater stake with £120m acquisition
Landsec has acquired an additional 17.5% stake in Bluewater shopping centre in Kent from Singapore’s sovereign wealth fund GIC for £120 million.
This acquisition increases...
Slate Grocery REIT to acquire $390m grocery-anchored portfolio
Slate Grocery REIT, an owner and operator of U.S. grocery-anchored real estate, has agreed to acquire a grocery-anchored portfolio comprising 25 properties and 3.1...
Tritax Big Box REIT acquires 87% stake in db Symmetry for £370 million
DBS HoldCo, a wholly-owned subsidiary of the Trtitax Big Box REIT, has conditionally agreed to acquire an 87 per cent. economic interest in db...
Columbia Property Trust to acquire office tower in San Francisco for $239M
Columbia Property Trust, Inc. announced that it is under contract to acquire 201 California Street, a 272,000-square-foot, Class A office tower in San Francisco’s...
AEW UK REIT sells units in Coventry’s Central Six Retail Park
AEW UK REIT has completed the sale of units 1-11 of Central Six Retail Park, Coventry, for £26,250,000, reflecting a net initial yield of 7.49% and a capital...
Icona and Stoneweg take over Cromwell’s European platform
Icona Capital and Stoneweg have completed the landmark acquisition of Cromwell Property Group's European fund management platform and associated co-investments.
This includes a 27.8%...
