Prologis/DCT Deal Underscores Continued Demand in Industrial REIT Sector, Analyst Says

Prologis/DCT Deal Underscores Continued Demand in Industrial REIT Sector, Analyst Says

[unable to retrieve full-text content]

Lindsay Dutch, REIT equity analyst at Bloomberg Intelligence, was a guest on Nareit’s REIT Report podcast. She spoke about the proposed acquisition of DCT Industrial Trust Inc. (NYSE: DCT) by Prologis, Inc. (NYSE: PLD) and its impact on the industrial REIT sector.

Published at Wed, 09 May 2018 12:56:37 +0000

Gramercy Property Trust Agrees to $7.6 Billion Sale to Blackstone

Gramercy Property Trust Agrees to $7.6 Billion Sale to Blackstone

[unable to retrieve full-text content]

Gramercy Property Trust (NYSE: GPT) said May 7 that it has agreed to be acquired by affiliates of Blackstone Real Estate Partners VIII for $27.50 per share in an all-cash transaction valued at $7.6 billion.

The offer represents a 15 percent premium above Gramercy’s closing share price of $23.82 on May 4. Completion of the transaction is currently expected to occur in the second half of 2018.

Published at Mon, 07 May 2018 17:06:14 +0000

REIT Underlying Fundamentals Point to Upside Potential in 2018

REIT Underlying Fundamentals Point to Upside Potential in 2018

[unable to retrieve full-text content]

Calvin Schnure, Nareit senior vice president for research and economic analysis, was a guest on the latest edition of Nareit’s REIT Report podcast. Calvin highlighted some of the main issues raised in the Urban Land Institute’s (ULI) spring real estate economic forecast, which he contributed to.

The ULI consensus expects the overall economy to continue expanding over the next few years, with the outlook for commercial real estate favorable as well.

Published at Wed, 25 Apr 2018 20:19:29 +0000