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The deal marks the Washington, DC-based REIT's second investment in Boston following its recent announcement of joining with National Real Estate Advisors and HYM Investment Group to own and develop One Congress, a 1-million-square-foot trophy office tower in Downtown Boston.
HCP, Welltower and Ventas all highlighted in their earnings report a strategy for the medical office asset class, says. Mizuho REITs analyst Richard Anderson.
"This acquisition continues the expansion of our nationwide industrial portfolio, which seeks to secure strong, income-oriented returns at this mature stage of the current real estate cycle,” says Brodie Ruland, ASB senior vice president and Northeast region head.
In our exclusive audio interview, learn about how StackSource plans to use $220,000 in seed funding, free work space and expert mentorship from Newark Venture Partners.
In this exclusive panel podcast, panelists say high construction costs and regulatory requirements make affordable housing in Philadelphia for anything other than rental properties all but, well, unaffordable.