Real estate investing

Dream Industrial REIT Completes $173 Million Equity Offering

Retrieved on: 
Wednesday, December 11, 2019
Real estate investment trust, Real estate investing, Dream Office Real Estate Investment Trust, David Lerner Associates

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
    TORONTO, Dec. 11, 2019 (GLOBE NEWSWIRE) -- DREAM INDUSTRIAL REIT (DIR.UN-TSX) (Dream Industrial REIT or the Trust) announced today the closing of its previously announced equity offering of units of the Trust ("Units) at a price of $13.45 per Unit (the Public Offering).
  • Dream Industrial REIT is an unincorporated, open-ended real estate investment trust.
  • Dream Industrial REIT does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law.
  • Additional information about these assumptions and risks and uncertainties is contained in Dream Industrial REITs filings with securities regulators, including its latest annual information form and MD&A.

NorthWest Healthcare Properties Real Estate Investment Trust Announces $225 Million Equity Financing

Retrieved on: 
Tuesday, December 10, 2019
Real estate investing, Economy, Investment, Real estate investment trusts, Companies, GT Canada Medical Properties REIT, S&P/TSX Composite Index

TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- NorthWest Healthcare Properties Real Estate Investment Trust (NorthWest or the REIT) (TSX: NWH.UN) announced today a public offering, on a "bought deal" basis, of 16,400,000 trust units (the Units) at a price of $12.20 per Unit (the Offering Price) representing gross proceeds of approximately $200.1 million (the "Public Offering").

Key Points: 
  • TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- NorthWest Healthcare Properties Real Estate Investment Trust (NorthWest or the REIT) (TSX: NWH.UN) announced today a public offering, on a "bought deal" basis, of 16,400,000 trust units (the Units) at a price of $12.20 per Unit (the Offering Price) representing gross proceeds of approximately $200.1 million (the "Public Offering").
  • NWVP currently holds an approximate 16.8% interest in NorthWest and is wholly-owned by Paul Dalla Lana, CEO of the REIT.
  • The Acquisition Properties are 100% occupied with a weighted average lease term of approximately 23 years.
  • NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (NorthWest) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario.

PFD, PFO, FFC, FLC and DFP Announce Regular December and January Dividends; PFD, PFO, FFC and FLC Announce Special Year-End Distributions

Retrieved on: 
Tuesday, December 10, 2019
Banking, Professional services, Finance, Finance, Money, Economy, Capital appreciation, Valuation, Investment, Security, Investment funds, Real estate valuation, Real estate investing, Stock fund

An investor should consider the funds investment objective, risks, charges and expenses carefully before investing.

Key Points: 
  • An investor should consider the funds investment objective, risks, charges and expenses carefully before investing.
  • PFD, PFO and FFC invest primarily in preferred and other-income producing securities with an investment objective of high current income consistent with preservation of capital.
  • FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation.
  • DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income.

FCPT Announces Acquisition of a Popeye’s-Anchored Multi-Tenant Property for $2.9 Million

Retrieved on: 
Tuesday, December 10, 2019
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Fast-food restaurants, Restaurants, Restaurant chains, Popeyes, Real estate investing, Franchising

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a restaurant-anchored multi-tenant property for $2.9 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a restaurant-anchored multi-tenant property for $2.9 million.
  • The property was constructed in 2017, is located in Illinois and is occupied by a large franchisee-operated Popeyes, a corporate-operated US Cellular and a franchisee-operated Great Clips.
  • The Popeyes has a drive-thru and each tenant is subject to a separate lease with approximately eight years of term remaining.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

Griffin Institutional Access® Real Estate Fund Surpasses $4 Billion in Assets Under Management

Retrieved on: 
Tuesday, December 10, 2019
Residential Building & Real Estate, Construction & Property, REIT, Finance, Money, Economy, Real estate investment trust, Net asset value, Private equity, Real estate investing, Investment, Private equity real estate, Institutional Investor, Griffin Institutional Access Real Estate Fund, Griffin Capital Company, LLC

Griffin Capital Company, LLC (Griffin Capital) announced today that Griffin Institutional Access Real Estate Fund (the Fund) surpassed $4 billion in assets under management.

Key Points: 
  • Griffin Capital Company, LLC (Griffin Capital) announced today that Griffin Institutional Access Real Estate Fund (the Fund) surpassed $4 billion in assets under management.
  • Griffin Institutional Access Real Estate Fund (the "Real Estate Fund," tickers: GIREX, GCREX, GRIFX, GLREX, GMREX), a closed-end, interval fund registered under the Investment Company Act of 1940, is an actively managed portfolio of private real estate funds and public real estate securities, diversified by property type and geography, offering daily pricing and periodic liquidity at net asset value.
  • These solutions include: Griffin Institutional Access Credit Fund, Griffin Institutional Access Real Estate Fund, Griffin Capital Essential Asset REIT featuring NextNAV, Griffin Institutional Property Exchange DSTs, and a Qualified Opportunity Zone fund.
  • Investors should carefully consider the investment objectives, risks, charges and expenses of Griffin Institutional Access Real Estate Fund (the Fund).

Dream Global Real Estate Investment Trust Announces Closing of Blackstone Acquisition

Retrieved on: 
Tuesday, December 10, 2019
Finance, Real estate investment trust, Investment, The Blackstone Group, Companies, Real estate investing, Dream Office Real Estate Investment Trust, David Lerner Associates

TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- DREAM GLOBAL REAL ESTATE INVESTMENT TRUST (TSX: DRG.UN FRA: DRG, Dream Global REIT or the REIT) announced today the closing of its previously-announced transaction pursuant to which affiliates of real estate funds managed by The Blackstone Group Inc. (Blackstone) acquired all of Dream Global REITs subsidiaries and assets in an all-cash transaction valued at $6.2 billion (the Transaction).

Key Points: 
  • TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- DREAM GLOBAL REAL ESTATE INVESTMENT TRUST (TSX: DRG.UN FRA: DRG, Dream Global REIT or the REIT) announced today the closing of its previously-announced transaction pursuant to which affiliates of real estate funds managed by The Blackstone Group Inc. (Blackstone) acquired all of Dream Global REITs subsidiaries and assets in an all-cash transaction valued at $6.2 billion (the Transaction).
  • The balance of the consideration for the Transaction was funded through the acquisition of certain subsidiaries of the REIT by other affiliates of real estate funds managed by Blackstone.
  • Blackstones Core+ strategy invests in substantially stabilized real estate globally through regional open-ended funds focused on high quality assets and Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT that invests in U.S. income-generating assets.
  • Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Counter Capital Management Acquires the Shirt Corner Apartments located in the heart of Historic Old City, Philadelphia for $22 Million

Retrieved on: 
Tuesday, December 10, 2019
REIT, Finance, Professional services, Residential Building & Real Estate, Construction & Property, Real estate investing

Owned and controlled by Christian Dalzell and Mukang Cho, Counter Capital Management LLC (Counter Capital) announced today that it closed the purchase of the Shirt Corner Apartments (the Property).

Key Points: 
  • Owned and controlled by Christian Dalzell and Mukang Cho, Counter Capital Management LLC (Counter Capital) announced today that it closed the purchase of the Shirt Corner Apartments (the Property).
  • Ideally located on the northeast corner of Market Street and 3rd Street in the heart of the Historic Old City, Counter Capital purchased the Property for $22 million.
  • Counter Capital plans to unlock incremental value by enhancing the Propertys operations, lowering costs and improving the amenities offered at Shirt Corner by pursuing strategic capital improvement projects.
  • Counter Capital Management is a real estate investment manager that invests in multifamily and mixed-use projects in select U.S. markets.

Oaktree Real Estate Income Trust Broke Escrow with Gross Proceeds of $150 Million

Retrieved on: 
Tuesday, December 10, 2019
Construction & Property, REIT, Economy, Finance, Money, Real estate investing, Real estate investment trust, Oaktree Capital Management, Income trust, Private equity, Inland Residential Properties Trust, Private equity real estate, Oaktree Real Estate Income Trust, Oaktree

Oaktree Real Estate Income Trust, Inc. (the REIT), a non-traded REIT focused on investing in a diversified portfolio of real estate investments, announced that it broke escrow on December 6, 2019, with approximately $150 million in gross proceeds for its continuous offering (the Offering).

Key Points: 
  • Oaktree Real Estate Income Trust, Inc. (the REIT), a non-traded REIT focused on investing in a diversified portfolio of real estate investments, announced that it broke escrow on December 6, 2019, with approximately $150 million in gross proceeds for its continuous offering (the Offering).
  • To date, the REIT has made four investments in both real property and private loans.
  • Oaktree Real Estate Income Trust, Inc. is a public non-traded real estate income trust sponsored by global alternative investment manager Oaktree Capital Management, L.P. that seeks to invest in a diversified portfolio of real estate investments that generate an attractive, stable current income for regular distribution to our stockholders.
  • The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.

Solid growth will prevail for Canada's commercial real estate market in 2020: Morguard

Retrieved on: 
Tuesday, December 10, 2019
Morguard, Real estate investing

For 2020, Morguard forecasts a positive outlook for Canadian real estate assets and a retail segment that will continue to adapt to industry changes.

Key Points: 
  • For 2020, Morguard forecasts a positive outlook for Canadian real estate assets and a retail segment that will continue to adapt to industry changes.
  • "Commercial real estate remained one of the most attractive and stable long-term investments in 2019 and will continue to attract interest from investors in 2020," said Keith Reading, Director of Research at Morguard.
  • Nationally, economic growth and ongoing demographic trends continued to support strong rental market conditions throughout the year.
  • The 2020 Economic Outlook and Market Fundamentals Report is a detailed analysis of the 2020 real estate investment trends to watch in Canada.

 Invesco Real Estate Appoints DJM for Legacy West Urban Village Operations

Retrieved on: 
Monday, December 9, 2019
Professional services, Retail, Other Retail, Commercial Building & Real Estate, Finance, Construction & Property, Real estate investing, Invesco, Finance, Investment, Companies, Private equity real estate, DJM, Invesco Ltd., Invesco Real Estate

Invesco Real Estate , a global real estate investment manager, and DJM , a fully integrated real estate development, management and investment firm, today announce DJMs appointment as operating manager for Invescos Legacy West Urban Village retail and office space.

Key Points: 
  • Invesco Real Estate , a global real estate investment manager, and DJM , a fully integrated real estate development, management and investment firm, today announce DJMs appointment as operating manager for Invescos Legacy West Urban Village retail and office space.
  • Legacy West is the latest property partnership for DJM, known in the commercial real estate industry for its ability to curate, reposition, activate, and manage thriving, mixed-use environments.
  • Invesco Real Estate is a global leader in the real estate investment management business with $81.3 billion in real estate assets under management, 534 employees and 21 regional offices across the U.S., Europe and Asia (as of 09/30/19).
  • Invesco Real Estate has been actively investing in core, value-add and opportunistic real estate strategies since 1992.