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More REITs Exit Stage Left
Jul 1, 2007
Private equity-led buyouts of real estate investment trusts show no sign of slowing down at midyear. Eight large privatizations worth $43.3 billion were announced through the first five months of 2007....
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Subprime Lending Fallout
Jul 1, 2007
Turmoil over subprime lending in the single-family home market is taking a toll on mortgage real estate investment trusts. Through June 19 of this year, the mortgage REIT industry posted a total return of negative 13.40%, a huge swing from the 19.32% return posted for all of 2006, according to the National Association of Real Estate Investment Trusts (NAREIT)....
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Self-Storage REITs Feeling the Pinch
Jul 1, 2007
In self-storage markets, scattered signs hint of a slowdown. In cities such as Columbus, Ohio, customers can get the first month's rent for $1. Shares of the average self-storage REIT lost 3.4% in the first four months of 2007, according to the FTSE NAREIT Equity index. With housing sales falling, some investors worry that fewer homeowners will be storing lawnmowers and computers....
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REITs Storm Asian Shores
Mar 1, 2007
In their rush to modernize, Asian countries have borrowed many Western inventions. One of the latest ideas to arrive is the real estate investment trust....
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Privatization Wave Hits REITs
Feb 1, 2007
When the mother of all privatization deals was announced in November 2006, it rocked Wall Street and the REIT industry. ...
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REIT Launch in UK Takes Center Stage
Jan 1, 2007
After decades of opposing industry efforts to establish real estate investment trusts in the United Kingdom, the British government will permit the investment vehicle beginning this month....
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A Major REIT Retreat
Dec 1, 2006
Privatization mania reached a crescendo in late November when Blackstone Group, the largest buyout fund in the world, offered to pay $20 billion for Equity Office Properties Trust (NYSE: EOP)...
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Mall REITs Lose Their Stride
Nov 1, 2006
The stunning run of regional mall real estate investment trusts has finally shown signs of tiring. ...
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California Office Company Bucks The Trend
Oct 26, 2006
Southern California office landlord Douglas Emmett (DEI) made its debut in REIT-land with a $1.39 billion IPO. Aside from becoming the second office REIT to go public in 2006, Douglas Emmett also stands as the largest REIT IPO in U.S. history ...
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REIT Dispositions Attract Savvy Investors
Jun 1, 2004
Real estate investment trusts (REITs) have been some of the biggest sellers of office properties lately, with buyers generally falling into two camps:...
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Retail REIT Merger Ahead?
Jan 15, 2004
Inland Retail Real Estate Trust reportedly is in talks to buy Pan Pacific Retail Properties. Unnamed sources in a report by Realty Stock Review say PNP...
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Unlisted REITs Flush With Capital
Jan 1, 2004
Retail investors flooded the nation's four biggest sponsors of unlisted real estate investment trusts also known as private REITs with a whopping $6 billion...
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REIT Sells Texas Office Building
Nov 3, 2003
Mack-Cali Realty Corp. has sold an office building in San Antonia, Texas, for $11 million. The 20-story, 248,000 sq. ft. Riverview Tower is 71.2% leased....
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Defying Conventional Wisdom
Nov 1, 2003
The widely held belief among industry pundits was that when the stock market started to rebound, the extraordinary performance of publicly traded real...
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Drought Ends for REIT IPOs
Oct 1, 2003
As public monies continue to seek a safe haven in real estate, investors are catching glimpses of what's been a rare bird of late: the REIT IPO. REITs...
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Two REITs Test Publicly Traded Waters
Jun 26, 2003
Amid a protracted IPO drought, two real estate investment trusts (REITs) are testing publicly traded waters. Los Angeles-based office landlord Maguire...
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Outlet REIT Establishes New Beachhead
Jun 17, 2003
Chelsea Property Group, an outlet center REIT, has purchased The Crossings Factory Stores, a Delaware Water Gap area outlet center near the Poconos. Chelsea...
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