Commercial Real Estate Direct Staff Report Industrial Property Trust has sold its remaining portfolio of properties and developments for $301 million. Black Creek Industrial REIT IV Inc. acquired the portfolio, which consists of minority interests in 64 buildings with about ...
Commercial Real Estate Direct Staff Report American Campus Communities had pre-leased 90.1 percent of its student-housing beds for the 2020-21 school year through July 17, down from the 93.5 percent of beds that had been pre-leased at the same time ...
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. late last week had struck forbearance agreements with holders of its unsecured notes, giving the Chattanooga, Tenn., REIT a few more days to negotiate with those lenders. The agreements ...
Preferred Apartment Communities Inc. saw a marked decline in rent collections at its 52 retail properties last month, to 82 percent from 87 percent in May. That's a sharp contrast to the collections rate at the Atlanta REIT's apartment, student-housing ...
Crains New York Business A venture led by HFZ Capital Group has launched a fund to buy shares in publicly-traded REITs that have been impacted by the coronavirus pandemic. HFZ, a New York developer, and other partners provided $50 million ...
Essential Properties Realty Trust Inc. collected 72 percent of the rent it was owed in June, up from 65 percent in May. The Princeton, N.J., REIT, which owns 1,050 retail properties with 8.3 million square feet that are net leased, ...
Commercial Real Estate Direct Staff Report Pebblebrook Hotel Trust Inc. has negotiated the waiver of covenants governing the $2.75 billion of unsecured debt it carries. The Bethesda, Md., REIT previously had warned that if it didn't get the waiver, which ...
Watermark Lodging Trust Inc. has warned that it has "substantial doubt" about its ability to "continue as a going concern." The Chicago REIT, which owns 32 hotels with 4,420 rooms, has been hit hard by the coronavirus pandemic. If it's ...
Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...
VEREIT Inc., which owns 3,853 properties with 89.5 million square feet that are net-leased to their tenants, through last Tuesday had collected 82 percent of the rent it was owed this month. That compares with an 84 percent collection rate ...
Commercial Real Estate Direct Staff Report Presidio Property Trust Inc., a San Diego non-traded REIT that owns 15 office, industrial and retail properties with about 1.1 million square feet, is taking the first step to list its shares on a ...
MacKenzie Realty Capital Inc., which is best known for orchestrating tender offers for shares of non-traded REITs and other illiquid real estate entities, is shifting its focus to the property sector, where it sees the potential for outsized opportunities. It's ...
Commercial Real Estate Direct Staff Report Simon Property Group has terminated its agreement to buy Taubman Centers Inc., arguing that the Bloomfield Hills, Mich., REIT had suffered a material adverse event and breached the merger agreement. The Indianapolis mall giant ...
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has said it had "substantial doubt about the company's ability to continue as a going concern" within a year. The Chattanooga, Tenn., REIT made the announcement last week in ...
Commercial Real Estate Direct Staff Report Preferred Apartment Communities Inc., which owns 106 apartment, student-housing, office and grocery-anchored retail properties in the United States, collected 93 percent of the rent it was owed last month, down from 95 percent in ...
Commercial Real Estate Direct Staff Report Regency Centers Corp., which owns 416 retail properties with 52.2 million square feet, collected 58 percent of the rent it was owed in May, down from 68 percent in April. The Jacksonville, Fla., REIT ...
Commercial Real Estate Direct Staff Report Realty Income Corp., which owns 6,525 properties with 106 million square feet that are net leased to their tenants, collected 82 percent of the rent it was owed in May, down from 84.2 percent ...
SL Green Realty Corp. collected 84.7 percent of the rent it was owed last month, down from the 89.1 percent collection rate it posted in April. The New York REIT's office tenants paid 91.1 percent of their rent, while retail ...
Commercial Real Estate Direct Staff Report Four Corners Property Trust Inc., whose portfolio consists almost entirely of restaurant properties that are net leased to their tenants, had collected 86 percent of the rent it was due last month. That compares ...
Commercial Real Estate Direct Staff Report Exantas Capital Corp., which had defaulted on a repurchase agreement it had used to finance certain CMBS investments, said the cost to settle the default was less than what it would have had to ...
Commercial Real Estate Direct Staff Report New York Mortgage Trust, which in March said it wouldn't be able to meet expected margin calls under its repurchase agreements, sold $2 billion of assets since then in order to reduce its exposure to ...
CBL & Associates Properties Inc. has given up on its efforts to modify the $77.1 million loan against the Park Plaza shopping mall in Little Rock, Ark., and expects to turn the retail property over to its lender. The mall ...
Commercial Real Estate Direct Staff Report VEREIT Inc., which owns 3,853 properties with 89.5 million square feet that are net-leased to their tenants, through last Friday had collected 78 percent of the rent it was owed this month. The Phoenix ...
Commercial Real Estate Direct Staff Report Apple Hospitality REIT Inc. had a 24 percent occupancy rate at its 233 hotels for the week ending May 9, up from 21 percent the previous week. That's well below the 40-45 percent occupancy ...
Ashford Hospitality Trust Inc. last month stopped making principal and interest payments on most of its $4.1 billion of mortgage debt. That's resulted in two CMBS loans, totaling $133.5 million and backed by hotels in Manhattan's Times Square area and ...
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© 2023 Commercial Real Estate Direct All rights reserved.