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Farmland Partners Inc. (NYSE: FPI) said Sept. 12 that it will acquire American Farmland Co. (NYSE: AFCO) in a stock-for-stock deal.
Farmland Partners’ Paul Pittman will continue as chairman and CEO of the new company, which will own more than $ 850 million of U.S. farmland assets spanning 133,000 acres.
Cousins Properties Inc. (NYSE: CUZ) and Parkway Properties, Inc. (NYSE: PKY) said April 29 that they have agreed to a stock-for-stock merger valued at approximately $ 1.95 billion. The transaction also involves the spinoff of the Houston-based assets of both companies into a new publicly traded 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.
Timber REITs Weyerhaeuser (NYSE: WY) and Plum Creek (NYSE: PCL) said Nov. 8 that they have agreed to merge, creating a combined company with a current market value of $ 23 billion.
The new company will retain the Weyerhaeuser name and ticker symbol. It will be the largest private owner of timberland in the United States, the companies said, with assets of more than 13 million acres. The companies also said they expect to realize annual cost synergies of $ 100 million.
Single-family REIT Starwood Waypoint Residential Trust (NYSE: SWAY) and Colony American Homes, Inc. said Sept. 21 they have agreed to merge in a stock-for-stock transaction that will create a combined company with $ 7.7 billion in assets.
The new company will own and manage more than 30,000 homes and is expected to achieve estimated annualized cost synergies of $ 40 million to $ 50 million.