The deal with casino REIT VICI Properties is conditioned on the completion of the $17.5 million merger between Eldorado and Caesars. It also includes the sale of 23 acres of land near the Las Vegas Strip for an additional $103.5 million.

The REIT would contribute $50 million to $100 million of its own money while raising private capital from others to take advantage of market disruptions that are affecting retailers and the retail real estate sector.

The company's head of global real estate says that Microsoft isn't in any rush to get employees back into offices. But when they do return the goal is to work in team rooms and "neighborhoods," with appropriate social distancing.

Vanamore Inc. says pricing dislocations in the multi-family market helped smooth the way for its first acquisition in the Portland, Oregon area: the 32-unit Blanton Commons.

In the short-term, JLL sees capitalization rates rising 25 to 75 basis points for active adult, independent living and assisted living facilities, and 50 to 100 bps for memory care and nursing care.