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

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

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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

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Gramercy Property Trust Agrees to $7.6 Billion Sale to Blackstone

Gramercy Property Trust Agrees to $7.6 Billion Sale to Blackstone

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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

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REIT Underlying Fundamentals Point to Upside Potential in 2018

REIT Underlying Fundamentals Point to Upside Potential in 2018

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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

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FTSE Nareit All REITs Index Up 0.6% in April

FTSE Nareit All REITs Index Up 0.6% in April

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REIT returns were modestly higher in April as valuation levels, first quarter earnings reports and mergers and acquisitions (M&A) activity lifted investor sentiment.

The total returns of the FTSE Nareit All REITs Index rose 0.6 percent in April, while the S&P 500 rose 0.4 percent. The total returns of the FTSE Nareit Mortgage REIT Index gained 0.4 percent in April.

The yield on the 10-year Treasury note rose 0.2 percent in April.

Published at Wed, 02 May 2018 17:01:24 +0000

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Banker says Capital Markets More Challenging Than Year-Earlier

Banker says Capital Markets More Challenging Than Year-Earlier

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Jason Kushner, managing director, capital markets at PNC, participated in a video interview at Nareit’s REITwise: 2018 Law, Accounting & Finance Conference in Hollywood, Florida.

Kushner described the current state of the capital markets as “unsettled.” The economy, real estate fundamentals, capitalization rates, institutional interest in real estate and the banking sector are all healthy. On the other hand, rapid technological change, an unprecedented interest rate environment and tax reform changes “have left investors on the edge of their seats,” he said.

Published at Thu, 26 Apr 2018 14:27:10 +0000

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