The hotels sold are Park Central San Francisco and Park Central New York/WestHouse New York, Gild Hall, New York and the Embassy Suites Philadelphia Center City.

Buildings with a high percentage of flexible space are increasingly seen as viable investment propositions.

The 132-unit building will also have 16,000-square feet of street level retail.

SITE Centers expects it will extend the joint venture beyond the initial investment.

The REIT has the Warner building under contract and it has also sold and office-and-lab portfolio in Rockville, Md.

Private equity firms are speeding up their fund raising cycles, Preqin finds.

The portfolio consists of three business parks totaling 20 buildings and 1,133,516 square feet of light industrial and flex assets.

This is the largest ever single-asset student trade in the United States.