Weyerhaeuser Company, a leading player in the global timberland market, has announced a significant expansion of its Southern Timberlands business. The company has secured 84,300 acres of prime timberlands in Alabama through acquisitions totaling $244 million. This strategic move is set to bolster Weyerhaeuser’s portfolio with high-quality, mature timberlands that align seamlessly with its existing […]
SEGRO plc, a leading UK Real Estate Investment Trust (REIT), has strategically expanded its presence in The Netherlands with the acquisition of three fully leased logistics warehouses for a total cash consideration of €222 million. These transactions enhance SEGRO’s footprint in key Dutch logistics hubs, critical for both Continental Europe and the domestic market. Strategic […]
Braemar Hotels & Resorts Inc. (NYSE: BHR), known for its strategic focus on luxury hotel investments, confirmed the sale of the 394-room Hilton La Jolla Torrey Pines in La Jolla, California for $165 million. This deal is part of a broader capital market strategy outlined by the company, which also includes the evaluation of selling […]
Medical Properties Trust, Inc. (MPT) has successfully negotiated the sale of its interests in five Utah hospitals for $886 million to a newly established joint venture with an investment fund associated with a leading institutional asset manager specializing in real estate. This significant transaction underpins MPT’s strategic financial planning, evidencing the robust valuation of its […]
Warehouse REIT, a prominent UK Real Estate Investment Trust specializing in multi-let industrial warehouse investments, recently disclosed the sale of two significant assets in separate transactions, totaling £13.4 million. This strategic move not only underscores the company’s adeptness in capitalizing on market opportunities but also highlights its commitment to optimizing its portfolio for enhanced shareholder […]
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 […]
Ready Capital Corporation, a real estate finance firm, and Broadmark Realty Capital, a specialty real estate finance company, have agreed to merge their businesses in an all-stock transaction. The proposed merger is expected to result in the fourth-largest commercial mortgage real estate investment trust (REIT) with a capital base of $2.8 billion. Post-merger, the combined […]
Canada-based Dream Industrial Real Estate Investment Trust (DIR) and Singapore’s sovereign wealth fund GIC through their joint venture (JV) Canadian Industrial JV have agreed to acquire Summit Industrial Income REIT in an all-cash transaction valued at approximately C$5.9 billion ($4.4 billion), including debt. Summit Industrial Income REIT is a Canadian open-ended mutual fund real estate […]
KKR & Co. Inc. has wrapped up the previously announced JPY230 billion (US$2 billion) acquisition of Japanese real estate asset manager Mitsubishi Corp.-UBS Realty (MC-UBSR) from Mitsubishi and UBS Asset Management. The all-cash deal was announced in March 2022. MC-UBSR has now been renamed KJR Management (KJRM). It was established in 2000 as a joint […]
Impact Healthcare REIT, a UK-based real estate investment trust, said that it has acquired three care homes for £14.3 million. The real estate investment trust has purchased two properties in this regard that have existing tenants. These include the Springhill Nursing care home in Kilmarnock, Scotland for an amount of £3.25 million and a couple […]