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“Over the longer term, REITs have been a remarkably consistent investment, delivering solid long-term performance and consistent income,” says Nareit's Steven A. Wechsler.
The $3-billion deal for Pure Industrial Real Estate Trust will give Blackstone another 22 million-plus square feet of logistics space in both Canada and the US.
The newly announced partnership with Goldman Sachs is "one of the key components in building a more diversified, large-scale base of individual investors that can access the asset class in a more efficient and risk-adjusted manner," Cadre's Ryan Williams tells GlobeSt.com.
Mesa West Capital originates the loan in short-term first-mortgage debt to refinance two new luxury complexes developed and owned by Sunroad Enterprises in the 40-acre master-planned community Sunroad Centrum.
Joseph J. Ori, executive managing director of Paramount Capital Corp., says that in general, he is very optimistic about the CRE industry for the coming year.
Carr Properties has completed a $300 million convertible debt investment with Israeli insurer Clal while Almanac Realty has committed up to $400 million to Merritt Properties.
“Construction of new property continues as firms look for higher returns, putting into question levels of new supply as economic uncertainty remains,” according to Morningstar's forecast for the REIT sector.