REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
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.
In the latest episode of the NAREIT Podcast, Ella Shaw Neyland, president of Steadfast Apartment REIT, discussed the firm’s latest acquisitions in the Texas market and looked at the broader dynamics of the multifamily market in the United States.
Community Development Trust (CDT) has launched a new platform that provides long-term, fixed-rate financing for charter schools.
Founded in 1998, New York City-based CDT is a private, hybrid REIT that is active on the debt and equity side of affordable housing projects. CDT’s Charter School Lending Program, launched in September, aims to address the problems traditionally faced by charter schools in obtaining suitable financing, said Shelly Cleary, senior vice president of CDT.
Evercore ISI Group took first place honors in Institutional Investor magazine’s annual awards honoring the top REIT analyst teams.
The eight-member Evercore ISI team is led by Stephen Sakwa. ISI, which Evercore acquired in October 2014, held the top spot from 2010 to 2014.
Second place was awarded to the 11-member team at Citi, led by Michael Bilerman. This is the sixth consecutive year the Citi team has held second place.
Bank of America Merrill Lynch’s 10-member team, led by Jeffrey Spector, took third place for the third consecutive year.
Crowds gathered along the Benjamin Franklin Parkway in Philadelphia this month to catch a glimpse of Pope Francis probably didn’t notice them, but 37 small cell nodes, or wireless antennas, located along the papal parade route were helping their smartphones connect to the rest of the world.
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.
In the latest episode of the NAREIT Podcast, Lukas Hartwich, a senior analyst with Green Street Advisors, discussed the recent transaction activity in the hotel sector.
SL Green Realty Corp. (NYSE:SLG) said Aug. 18 that it completed the acquisition of office property 11 Madison Avenue in New York City for $ 2.6 billion.
The deal includes approximately $ 300 million in costs associated with lease-stipulated improvements to the property.
John Kilroy, chairman, president and CEO of Kilroy Realty Corp. (NYSE: KRC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Following the company’s sale of 10 West Coast office buildings earlier this year, Kilroy discussed the importance of capital recycling to the firm’s capacity to fund future growth.
