Optimism and Opportunity on a Global Scale for Industrial REITs

Global Logistics Properties facility

As the global economy continues to regain its footing, the industrial REITs that are so vital to the flow of commerce are seeing some positive tailwinds in their favor. In particular, the emergence of a middle class in China and Brazil and the rise of e-commerce in Europe and Japan are creating an environment for success for industrial REITs with a global presence. Industrial REITs are also benefitting from the demand for facilities that can meet growing demand for quick—even same-day—retail deliveries to consumers.

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PwC Survey Shows Consistent Signs of Strength in Office, Health Care Real Estate

Real estate investors remain bullish, especially regarding the office and health care sectors, according to a survey conducted by consulting firm PwC.

PwC’s survey of real estate investors in the third quarter of 2014, released Sept. 15, indicated that the office sector is showing consistent signs of strengthening. Most geographic markets are expected to be in either the recovery or expansion phase of the real estate cycle during the next four years.

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Washington Prime to Buy Glimcher Realty in $4.3 Billion Deal

Washington Prime Group Inc. (NYSE: WPG) said Sept. 16 that it intends to buy Glimcher Realty Trust (NYSE: GRT) in a stock and cash transaction valued at approximately $ 4.3 billion.

The new company will be known as WP Glimcher, retaining Washington Prime’s ticker symbol on the NYSE. The company will maintain Glimcher Realty’s headquarters in Columbus, Ohio.  Mark Ordan, CEO of Washington Prime, will serve as executive chairman of the combined company. Michael Glimcher, CEO of Glimcher, will serve as its vice chairman and CEO.

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