BOGOTA, COLMBIA—Metro Hotels will open three additional Hampton by Hilton properties in Colombia, along with introducing the brand to Chile and Peru beginning in 2018.

BUFFALO—The $130 million of self-storage acquisitions comes in at cap rates ranging from 6.5% to 6.75%; Sovran CEO David Rogers calls the properties “great additions to the Uncle Bob's brand.”

WASHINGTON, DC—May's annualized rate of home sales, which beat a consensus of economists polled by Bloomberg, was helped by the improving job market, says NAR chief economist Lawrence Yun.

CHICAGO—Although the lag between job growth and multifamily permitting keeps supply tight in many cities, Sperry Van Ness is watching several MSAs that are “bringing a substantial amount of product to the market,” the firm's Reid Bennett tells GlobeSt.com <b>EXCLUSIVELY</b>.

NEW YORK CITY—The net lease REIT's chairman and CEO made the announcement in a letter to shareholders Friday, while also outlining a number of other changes intended to maximize long-term value.

INDIANAPOLIS—The $1.2-billion merger, which will double Kite Realty's owned retail portfolio, is expected to close on or around July 1.

GREENWICH, CT—The deal for TMI Hospitality, reportedly valued at $1 billion, will nearly triple the size of Starwood Capital's footprint in the select-service and extended-stay space.

PORTSMOUTH, NH—More than 40% of the properties now under construction are concentrated in the nation's 25 largest markets, led by New York City, according to Lodging Econometrics.