Beazer Homes has formed a REIT with KKR that will buy and then rent single-family homes, one of the largest and most talked-about asset classes in the real-estate business.
Costar… American Realty Capital Trust Inc.’s board of directors and chairman believe that the timing is right for more REITs to enter the publicly traded market. That’s exactly what the non-publicly traded REIT is doing this week, with plans to offer up to 6.6 million shares of common stock at an assumed price of $11.50 per share in an initial public offering as the REIT’s operating partnership looks to repay indebtedness and raise general working capital… Read the original post: Non-Traded REITs May Look to Cash In On Market Cycle With Public Offerings Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net
Link REIT, the largest Hong Kong-listed property trust by market cap, said distributable income for its fiscal first half increased 21% year-to-year earlier because of rising rental income.
Shariah-compliant industrial real-estate investment trust Axis Global Islamic REIT has delayed its initial share sale aimed at raising up to $650 million on the Malaysian stock exchange due to adverse market conditions.
A few years ago, real-estate investment trusts that bought and sold residential-mortgage securities were a dying breed. Today, they are one of the hottest REIT sectors.
The institutional part of Li Ka-shing’s Hui Xian REIT, the first yuan-denominated IPO outside mainland China, was almost fully subscribed on the first day of its launch.
Wells Real Estate Investment Trust II, an untraded REIT, has agreed to pay approximately $615 million for a Washington, D.C., office complex in the latest sign investors are willing to pay peak-era prices for the most sought-after commercial property.