NEW YORK CITY—The acquisition from a fund sponsored by Bahrain-based Arcapita follows NorthStar Healthcare's joint venture on an even larger senior living portfolio two weeks ago.

CALABASAS, CA—All signs point to continued improvement in absorption and vacancy rates in tandem with the US economy,” says Marcus & Millichap's midyear report on the sector.

HOFFMAN ESTATES, IL—In all, Sears Holdings expects to realize up to $3 billion in proceeds from its sale-leaseback to spinoff Seritage Growth Properties and the sale of its interests in three joint ventures.

IRVINE, CA—Tim Morse has also served as CFO and interim CEO at Yahoo! Inc., and previously held positions of increasing responsibility at General Electric Co.

CALABASAS, CA—May's hiring “spotlighted a US economy that is finding its footing and gathering momentum” following the weather-induced doldrums of Q1, according to Marcus & Millichap.

HOUSTON—Situs CEO Steven J. Powel says his firm's new partner, a GlobeSt.com Thought Leader, “has proven visionary in its strategy, nimble in their execution and laser focused on quality.”

NEW YORK CITY—With brands including Fairfield Inn and Courtyard by Marriott, the acquisitions from Summit Hotel Properties and Wheelock Real Estate will bring the REIT's holdings to 153 hotels.

CHICAGO—As part of a repositioning program implemented by board chairman Sam Zell, the REIT intends to sell up to $3 billion of assets by the end of 2017.