NEW YORK CITY—GPT is assuming $128 million of mortgage debt on the portfolio, encumbering 11 of the 12 properties it has acquired from Dividend Capital Diversified Property Fund Inc.

GREENWICH, CT—Having exceeded its fundraising target by more than $1 billion, Starwood Global Opportunity Fund X is being divided roughly 50/50 between the US and Europe.

PHOENIX—Following the closing on what was reportedly the biggest leveraged buyout of 2014, the pet products retailer's president and CEO is stepping down.

NEW YORK CITY—The net lease REIT is “a young company, grown rapidly, which now requires a sound business path,” says Rufrano, who assumes his new responsibilities on April 1.

NEW YORK CITY—Corvex Management's Keith Meister and Twin Securities' David Simon both have gone on record with demands for at least one shareholder representative on the board of the net lease REIT.

SANTA MONICA—Although analysts don't see rival bids coming in for the Macerich Co., which is reviewing Simon's $22.4-billion bid, smaller mall REITs may start to look at pairing up.

WYOMISSING, PA—The $36-per-share offer for Pinnacle's real estate assets would simplify an OpCo/PropCo separation and create greater value for shareholders, GLPI CEO Peter Carlino wrote in a letter made public Monday.

CALABASAS, CA—Non-traded REITs could pump $30 billion into the seniors housing sector in 2015, says Marcus & Millichap; read more to find out what's drawing them.