Sun Communities Buying Carefree Communities for $1.7 Billion

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.

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Broadstone CEO Sees Best Buying Opportunities in Single-Family Homes in Years

Amy Tait, president and CEO of Broadstone Real Estate, LLC, joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Broadstone Real Estate sponsors Broadstone Net Lease, Inc., a private REIT that invests in single-tenant, net-leased properties throughout the United States, and Broadtree Homes, Inc.,  a private REIT that invests in single-family homes for rental in multiple markets.

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Wheeler REIT Buying Shopping Centers at Fast Pace

Jon Wheeler, chairman and CEO of Wheeler Real Estate Investment Trust Inc. (NASDAQ: WHLR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Wheeler said he expects the company’s pace of acquisitions to pick up in the second half of 2015. He noted that the firm raised investment capital in the first half of the year. Usually, the firm purchases between eight and 10 shopping centers per year. This year, the company could buy as many as 20, according to Wheeler.

Jon Wheeler

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Industrial REIT Prologis Buying KTR Capital for $5.9 Billion

Prologis, Inc. (NYSE: PLD) said April 19 it has agreed to buy industrial property owner KTR Capital Partners through a joint venture for a total of $ 5.9 billion.

The properties will be acquired by Prologis U.S. Logistics Venture (USLV), a consolidated joint venture with Norges Bank Investment Management (NBIM), the manager of the Norwegian Government Pension Fund Global. Prologis holds a 55 percent stake in the joint venture.

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