LTC Properties has sold three assisted living communities in Wisconsin that were part of its Senior Lifestyle portfolio for $35 million. The buyer of the assets was not disclosed by the real estate investment trust (REIT). The properties involved in the sale include 263 assisted living units and the estimated gain from the deal is […]
Four Corners Property Trust (FCPT) has acquired half a dozen National Tire and Battery (NTB) branded properties in Mississippi and Ohio for a sum of $11.6 million. The real estate investment trust (REIT) said that the acquired assets are corporate-operated under triple net leases with nearly three years of weighted average term left. The portfolio […]
Sunstone Hotel Investors, a lodging real estate investment trust (REIT), has acquired the Montage Healdsburg Resort in Sonoma County, California for $265 million, from affiliates of Ohana Real Estate Investors. Construction on the luxury resort was completed in December 2020. It is said to provide a secluded and calm retreat with convenient access to wineries […]
Real estate investment trust Four Corners Property Trust has acquired a Popeyes restaurant property for $1.6 million. The deal is part of the transaction announced in October 2019 with Seritage Growth Properties and expanded in August 2020. The Popeyes franchisee lease is located in South Carolina, within a highly trafficked and populated corridor, said Four […]
Terreno Realty, a California-based real estate investment trust company, has divested an industrial property located in Miami Lakes, Florida for around $22.2 million to an undisclosed party. The sold property comprises an industrial distribution building containing nearly 192,000 square feet and spread on 13.2 acres at 14100 NW 60th Avenue which is fully leased to […]
JLL Income Property Trust has purchased the newly-built Milford Crossing shopping center in Milford, Massachusetts for about $42 million. According to the real estate investment trust (REIT), the 160,000 square-foot grocery-anchored neighborhood shopping center is 99% occupied and is leased by restaurants, medical, fitness and service-oriented retailers. In addition, there is a brand-new Stop & Shop […]
EPR Properties, a Missouri-based real estate investment trust (REIT), has sold substantially all of its charter school portfolio, comprising 47 charter school related assets, for nearly $454 million to a fund sponsored by Rosemawr Management. The sale does not include three charter schools that the real estate investment trust sold in Q4 2019 for $21.6 […]
Four Corners Property Trust (FCPT) has acquired a Taco Bell restaurant property in New Mexico for $396,000 dollars from Brookfield Properties. The Taco Bell restaurant property is an outparcel to a mall owned by Brookfield Properties. The property is occupied under a triple-net lease with about 5.5 years of term remaining. The store is operated […]
US-based real estate investment trust Medical Properties Trust (MPT) has acquired a 46% stake in Swiss healthcare real estate company Infracore from its previous majority shareholder – Aevis Victoria for $236.5 million. The real estate of Infracore is valued at nearly $900 million which means the share of the new largest shareholder Medical Properties Trust […]
Pebblebrook acquisition of LaSalle : Pebblebrook Hotel Trust has agreed to acquire 100% of rival Maryland-based hotel real estate investment trust (REIT) company LaSalle Hotel Properties in a deal worth $5.2 billion. Pebblebrook acquisition of LaSalle will create an enlarged hotel REIT that is expected to become the largest owner of independent hotels and the […]