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The deal values Cedar Realty's remaining assets at $291.3 million.
The Boulder Group cites overall market conditions as the primary reason.
Local regulations are pushing landlords to act sustainably or pay a steep price.
Marcus & Millichap's 2022 National Office Outlook reported sales activity gathering momentum, particularly in niche segments.
CoreLogic reported national home prices increased 19.1% year over year in January but that appreciation is expected to slow over the next 12 months.
It has announced that $1.138 billion will go toward affordable housing initiatives.
The portfolio includes 126 single-tenant, net-leased, e-commerce focused industrial properties containing over 26 million square feet of space.
The REIT's special committee is exploring several options including a sale and piecemeal disposition of its assets.
Its minority-led "Black Impact Fund" focuses on affordable and workforce housing in California.
Alex Sharrin with JLL Capital Markets discussed how net-leased assets in the Sunbelt markets are leading the way through the recovery.