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Data center REIT Equinix, Inc. (Nasdaq: EQIX) said Dec. 6 it has agreed to buy a portfolio of 24 data center sites from telecommunications company Verizon Communications Inc. for $ 3.6 billion in an all-cash transaction.
The 24 sites consist of 29 data center buildings across 15 metro markets in the United States and Latin America.
In a conference call, Steve Smith, president and CEO of Equinix, said the deal “positions us to continue to attract global data center demand.”
Retail REIT Regency Centers Corp. (NYSE:REG) said Nov. 14 it will acquire Equity One, Inc. (NYSE:EQY) in an all-stock deal that values Equity One at approximately $ 4.6 billion.
The merger of the two shopping center REITs will create a national portfolio of 429 properties spread with more than 57 million square feet of space, the companies said.
MAA (NYSE: MAA) said Aug. 15 it intends to pay approximately $ 4 billion to acquire Post Properties, Inc., (NYSE:PPS) and create a multifamily REIT with a total market capitalization of around $ 17 billion.
Sovran Self Storage, Inc. (NYSE:SSS) said May 19 that it has agreed to buy LifeStorage, LP, a privately owned self-storage operator, for approximately $ 1.3 billion in cash.
Sovran operates more than 550 self-storage facilities in 26 states under the name Uncle Bob’s Self Storage.
Mortgage REIT Annaly Capital Management, Inc. (NYSE:NLY) said April 11 that it plans to buy fellow mortgage REIT Hatteras Financial Corp. (NYSE: HTS) in a cash and stock deal valued at $ 1.5 billion.
Annaly said Hatteras’ floating adjustable-rate mortgage (ARM) portfolio will complement its primarily fixed-rate agency portfolio.
Sun Communities, Inc. (NYSE: SUI) said March 22 that it has agreed to acquire a portfolio of interests in more than 100 manufactured housing and RV communities for approximately $ 1.7 billion.
Established in 1975, Sun Communities owns and operates 233 manufactured housing and recreational vehicle (RV) communities located in 29 states throughout the United States. Sun Communities’ portfolio consists of approximately 89,400 developed sites.
Inland Real Estate Corp. (NYSE: IRC), an owner of neighborhood, community and power shopping centers, said Dec. 15 that it has agreed to be purchased for approximately $ 2.3 billion by real estate funds managed by DRA Advisors LLC.
Upon completion of the all-cash transaction, which includes the assumption of existing debt, Inland will become a privately held REIT.
American Homes 4 Rent (NYSE: AMH) and American Residential Properties, Inc. (NYSE: ARPI) said on Dec. 3 that the single-family rental REITs had come to an agreement on a merger valued at roughly $ 1.5 billion.
Equity Residential (NYSE: EQR) announced Oct. 26 that it has agreed to sell more than 23,000 apartment units in mainly suburban locations to private equity firm Starwood Capital Group for $ 5.37 billion.
The deal involves 72 properties located in South Florida, Denver, Washington, Seattle and California’s Inland Empire. The sale is expected to close in the first quarter of 2016. Starwood will pay approximately $ 230,634 per unit.
BioMed Realty Trust, Inc. (NYSE: BMR) said Oct. 8 that private equity firm Blackstone Group L.P. has agreed to acquire the life sciences office and lab space REIT in an all-cash transaction valued at $ 8 billion.
Blackstone’s real estate arm, Blackstone Real Estate Partners VIII, will pay $ 23.75 for each outstanding BioMed common share. This represents a premium of about 24 percent above the closing stock price on Sept. 22, the last date before speculation began about a potential sale of the company.