In the latest episode of the NAREIT Podcast, Lukas Hartwich, a senior analyst with Green Street Advisors, discussed the recent transaction activity in the hotel sector.
Sovereign Wealth Funds Play An Increased Role in Real Estate
Fibra Inn: Riding the Mexican Wave of Foreign Investment
Fund Managers Assess the Global Real Estate Investment Market
The Ongoing Growth of REITs
When is the Next Recession?
Blackstone to Purchase Strategic Hotels for $6 Billion
Strategic Hotels & Resorts, Inc. (NYSE: BEE) said Sept. 8 that private equity firm Blackstone Group LP has agreed to purchase the REIT for approximately $ 6 billion.
Blackstone agreed to pay $ 14.25 in cash for each Strategic share. That represents a premium of approximately 13 percent above the intra-day trading price on July 23, when a news report pointed to a potential transaction. The acquisition includes Strategic subsidiary Strategic Hotels Funding LLC as well as all of the firm’s outstanding debt.
Spanning the Globe with Don Hanna of Roubini Global Economics
REITs Dip in August as Broader Markets Slip
REITs lost ground in August, as market watchers said concerns about the Chinese economy and interest rates weighed heavily across the globe.
The total returns of the FTSE/NAREIT All REIT Index fell 5.7 percent in August, while the S&P 500 Index lost 6.0 percent. The yield on the 10-year Treasury note was flat for the month.
“The baby is being thrown out with the bath water. No sector seems to be immune,” says Daniel Donlan, managing director at Ladenburg Thalmann & Co., Inc.
GRESB 2015 Survey Points to Continued Improvement by Global Real Estate Sector
The Global Real Estate Sustainability Benchmark (GRESB) 2015 Survey results released Sept. 2 point to improved environmental performance by the global real estate industry.