News

DPR Construction has been retained as the final contractor for Phase Two of the development. The firm will construct three buildings for the project.

Woodforest National Bank created the Woodforest CEI-Boulos Opportunity Fund, a $20 million private real estate investment, targeting projects in the recently designated Opportunity Zones across its footprint.

Four Corners Property Trust has signed a definitive agreement for the purchase of 14 outparcel properties from PREIT for $29.9 million, priced at a 6.5% going-in cash cap rate, exclusive of transaction costs.

Rio shopping center in Gaithersburg, MD will utilize the loan to undergo property improvements.

The REIT completed the sale of the 99-room Topaz Hotel for $33 million.

The buildings were 100% occupied at the time of sale by Comcast and Bolton Medical.

The development will grant access to Mott Haven's waterfront for the first time in more than a century through the creation of a 34,000 square foot public waterfront and promenade.

The sale kicks off the REIT's shift in focus to its experiential real estate, which will include casino assets.