Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, and Blackstone Real Estate Income Trust, Inc. (BREIT) have jointly announced a landmark deal. Realty Income has signed a definitive agreement to invest a whopping $950 million to acquire both common and preferred equity interests in a new joint venture. This venture owns a […]
Kimco Realty (NYSE: KIM), the largest publicly traded owner and operator of open-air, grocery-anchored shopping centers in North America, has announced its acquisition of Stonebridge at Potomac Town Center. Located in Woodbridge, Virginia, the 96%-occupied, 504,000-square-foot lifestyle center was purchased for $172.5 million, marking a significant expansion of Kimco’s growing portfolio. Stonebridge at Potomac: A […]
In a landmark development for Chennai’s bustling real estate market, Shriram Properties Limited and ASK Property Fund have announced a massive joint investment of Rs. 206 crores. The investment is targeted towards acquiring 100% of the development rights in an ongoing Chennai project via Shrivision Elevations Private Limited, a wholly-owned subsidiary of Shriram Properties. The […]
Mumbai-based Rustomjee Group has announced the completion of its highly anticipated Rustomjee Crown A wing, marking a significant milestone for the group’s first project in the coveted South Mumbai area. The receipt of the Occupation Certificate (OC) for 182 luxurious homes stands as a testament to Rustomjee Group’s enduring commitment to delivering quality residential projects. […]
NIIT Managed Training Services (NIIT MTS), has launched “Xsel,” a Real Estate Learning Platform tailored precisely for the dynamic needs of real estate brokerages and agents. This state-of-the-art platform showcases NIIT MTS’s profound expertise in Real Estate Learning, particularly given their significant role as the official Designate of the Real Estate Salesperson Program in Ontario. […]
Leading real estate investment and management firm, Olympus Property, has strategically acquired the Trailside Apartments, a modern 111-unit community in Flagstaff, Arizona. This acquisition follows Olympus’s success with the nearby Mountain Trail Apartments, amplifying its influence in the Southwest region. The decision to secure Trailside Apartments is rooted in Flagstaff’s buoyant rental market dynamics, characterized […]
The NRP Group, a top-tier developer, builder, and manager of multifamily housing, in collaboration with esteemed real estate investor Angelo Gordon, announced the commencement of Lake Pointe. Located in Woodbridge, Virginia, this market-rate apartment community is expected to bring a new living experience to the area. The 15-acre project site will metamorphose into five four- […]
For Q1FY24, Indian real estate developer, DLF Limited, reported sustained growth momentum across all key parameters. The company’s consolidated revenue reached INR 1,522 crore and gross margins stood at 52%. It reported an EBITDA of INR 495 crore and a net profit of INR 528 crore, which is a 12% YoY growth. New sales bookings […]
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust (REIT) predominantly involved in owning and procuring high-quality, net-leased restaurant and retail properties, has recently acquired a Covenant Health Emergency Room for $8.7 million. Covenant Health is a part of the larger Providence Health & Services health care system. The property, under corporate operation with […]
Landmark Properties has announced the acquisition of The Lodges at 777, a residential community in Baton Rouge, Louisiana, further expanding its real estate portfolio. This marks Landmark’s second acquisition in Baton Rouge, adding 1,290 beds and 382 total units to its growing residential community investments. Constructed in 2011, The Lodges at 777 is completely preleased […]