REIT

DEAL-WRAP
Ramco-Gershenson Acquires Four, Sells Two

FARMINGTON HILLS, MI-The locally-based REIT bought four shopping centers in Colorado, Missouri and Wisconsin for $105 million, and sold two in Florida for $5.4 million.

Taubman To Start $405M Puerto Rico Mall

SAN JUAN-The developer is joining locally based New Century Development Inc. in building a 640,000-square-foot mall, hotel, casino and office building on the 27-acre site.

From the May 2012 Issue of Real Estate Forum
REITs Go On a Spending Spree

After raising billions during the downturn, public companies have been putting it to use buying, refinancing and developing, even as some rethink their strategies

Starwood Co-Originates $238M Loan; More to Come

ROSSLYN, VA-The REIT has about $160 million in local transactions in the works, Chris Tokarski tells GlobeSt.com’s Erika Morphy. None, though, are likely to be as complicated as the Monday Properties package.

ANALYSIS
Whitestone: Q2 Conference Highlighted by CRE Acquisition Concerns

HOUSTON-Though the REIT's CRE portfolio occupancy, NOI and EBITA experienced positive gains year-over-year, analysts expressed concerns over a lack of Q1 acquisitions during the earnings conference call.

SEC Probes Inland American REIT

CHICAGO-The commission is conducting a fact-finding investigation to determine any violations of federal securities laws, though the investigation is not an accusation of wrongdoing.

Roundtable: CRE Still Bifurcated, But Not How You’d Expect

WASHINGTON, DC-The latest survey of the Real Estate Roundtable points to a cutoff between sentiment today and projections for the future, CEO Jeff DeBoer tells GlobeSt.com’s Erika Morphy.

ANALYSIS
Weingarten: NOI Increase and Industrial Exit Highlight Q1

HOUSTON-The REIT's May 9 earnings call focused on a close to 5% increase of NOI and FFO that increased 9% year-over-year.

ARC Healthcare Garners $1.4M FFO for Q1

NEW YORK CITY-The non-traded REIT, in the midst of a $1.5-billion IPO, has added eight healthcare properties to its portfolio since the end of 2011.

Artis Contracts in Canada, US for $336M

WINNIPEG-The trust is buying office and industrial portfolios, and a retail center, in two Canadia provinces, Minneapolis (including the Caribou Coffee HQ) and Scottsdale, AZ.

REIT PERFORMANCE
REITs Back on Track in April

WASHINGTON, DC-Industrial REITs are flourishing as the economy shifts to favor supply-related trends, NAREIT’s Calvin Schnure tells GlobeSt.com’s Erika Morphy.

ARCT Ready to Harvest Acquisition Pipeline

NEW YORK CITY-After seeing strong increases in FFO and NOI in the first quarter, the publicly-traded REIT is planning to improve its balance sheet metrics by making new purchases in the triple net lease space throughout the rest of the year.

Rockville Corporate Center Trades for $49M

ROCKVILLE, MD-Corporate Office Property Trust sold the two buildings and a plot of land as part of its strategic reallocation plan. Since the start of the year, COPT has sold a total of $116.9 million of properties and adjacent land.

INDUSTRY RESEARCH
Why Women Board Members Make REITs Better

CHICAGO-A new study from Ferguson Partners Ltd. shows that real estate investment trusts that have had a female board member for more than three years have seen materially higher returns than their counterparts. GlobeSt.com examined why.

Pretty Enough For Radio

GlobeSt.com's videos and Tweets will be available during RECon. But radio? We'll leave that up to Howard Kline and CRE Radio.

GGP Posts Q1 Loss, Plans More Leasing in Second Half of 2012

CHICAGO-The trust, rebounding from bankruptcy and spinning off 30 underperforming malls, will open 34 new stores this year but will stay away from the outlet center trend.

Chartwell, Health Care REIT Close $936M Buy

MONTREAL-Maestro Group is selling its entire portfolio of seniors housing to the venture, with the Toledo, OH-based trust shouldering most of the purchase to enter the country.

Boston Properties Q1 Income Rises 58%, FFO Unchanged

BOSTON-The quarter that ended March 31 was highlighted by the closing of the office REIT’s acquisition of a 1.3-million-square-foot office tower here from an affiliate of Bank of America.

ANALYSIS
Camden Benefits from MF Strength, Increases Earnings Guidance

HOUSTON-Executives with the multifamily REIT's A1 2012 earnings call on April 27 announced a 15% increase of FFO per diluted share.

Simon: Forget New Lifestyle Centers, We Like Outlets

INDIANAPOLIS-Regular mall development just isn’t worth it today, said SPG CEO David Simon in the trust’s 1Q conference call this morning.

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LAST WEEK'S POLL

Penner, Mirante, D'Arcy . . . High-Level Resignations Mean . . .

GlobeSt.com Viewers See More C-Suite Turnover
NEW YORK CITY-Nearly two-thirds of respondents to a GlobeSt.com poll said recent high-level resignations either portend more to come or prove that the industry needs to work on succession planning.

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Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda

December 07
November 23, 2011
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.

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User's Choice

Dalian Wanda Takes AMC Theaters for $2.6B

BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.