REITs! Top Stories for February
Going away this summer? Stay informed with GlobeSt.com's National AM Alert. Don't miss any of the latest transactions and be aware of industry activities even if you're out of the office. Sign Up Today!
NEW YORK CITY—Is the REIT world getting smaller? That was the implication of the most read story for February on GlobeSt.com: “Kite to Acquire Inland Diversified in $1.2B Merger Deal.” In fact, REITs dominated the top National stories for the month, accounting for three of the five stories by page views over the period.
February’s top story details the terms behind Kite Realty Group Trust’s acquisition of Inland Diversified Realty Trust. A stock-for-stock transaction, the resulting company will have a market capitalization of approximately $2.1 billion, given Kite’s trading price at the time of the deal. It also highlights the retail territories to be handed down from Inland’s portfolio.
“Inland Diversified has assembled a very well located, high quality portfolio,” says Kite Realty Chairman and CEO John A. Kite says in the piece. “The asset and tenant quality and strong demographic profile will be a great complement to our portfolio.” Kite will serve as chairman and CEO of the combined company.
Retail again was on the minds of our readers, as the next story focused squarely on the trends shaping both that sector along with Office: “Retail, Office Markets See ‘Dramatic’ Shifts.” In remarks made at the Mortgage Banking Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo, the speakers analyzed what mark the increasing penetration of technology and the coming of age of the millenials will leave on the twin sectors.
The impact of rising interest rates on REIT debt, an analysis of the REIT borrowing landscape and how proposed tax reforms will impact CRE finished up the last three spots:
- ‘Plenty of Capital’ Within CRE Debt Landscape
- REITs Still Hitting Capital Markets Hard
- Tax Reform Proposal Targets CRE Tax Breaks
GlobeSt.com compiles weekly and monthly metrics for our national, regional and local pages to best match the most relevant topics stories to the needs of our audience. Sign up for breaking news updates, twice-daily National news alerts and daily regional and weekly sector coverage sent to your inbox.
Get the latest each afternoon with GlobeSt.com's National PM Buzz an updated look at the transactions and trends shaping the commercial real estate industry. Sign Up Today!
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.