DALLAS—With an understanding of the Michigan pension plans' objectives, “we worked with them to create a specific program designed to meet their goals,” says Laurie Dotter, president of Transwestern Investment Group.

NEW YORK CITY—The delinquency rate for CMBS has declined by 62 basis points over the past year, Trepp said Monday.

LOS ANGELES—The online marketplace has hired real estate finance veteran Chuck Taylor to lead its new Atlanta-based Southeast operations.

TORONTO—Canada's largest REIT has hired Morgan Stanley and the Royal Bank of Canada to assist with a strategic review of alternatives for its US portfolio.

ORLANDO, FL—CEO Craig McNab says National Retail Properties' team continues “attractive retail properties for acquisition,” a priority that led it to beat one analyst's prediction for second-quarter volume.

CHICAGO—The acquisition will allow LodgeTax's principals “to provide a broader scope of services to our clients within a platform that is complementary to ours,” co-founder Louis Breeding said when the deal was first announced earlier this month.

CHICAGO—The separation of most of Ventas' skilled nursing facility portfolio into a separate publicly traded REIT will bring “significant benefits” to both companies, says CEO Debra A. Cafaro.

NEW YORK CITY—Totaling 1.4 million square feet across seven states, the deals are “representative of our focused investment strategy,” says Scott Bowman, Global Net Lease's CEO.