News

The REIT has sold its stake in the Benchmark Senior Living portfolio for $1.8 billion and is also acquiring a handful of facilities including 6-building, 270,000 square foot medical office campus for $140 million from Summit Medical Group.

The financing package consisted of six new Freddie Mac Value Add Green Advantage loans, five loan assumptions from Fannie Mae and $40 million in equity over the entire portfolio.

Summit Hotel Properties has entered into a joint venture with GIC, Singapore's sovereign wealth fund, to acquire assets that align with the company's current investment strategy and criteria.

The Falconhead Apartments acquisition is part of SWBC Real Estate's value-add investment program, where SWBC plans to further upgrade the 248 rental units in the coming months.

The Cities for Financial Empowerment Fund's lease with Blackstone's real estate funds points to continued diversification in Downtown Manhattan.

SL Green and the largest beauty retailer in the US have signed a long-term lease in the heart of Herald Square at Broadway and 34th Street.

Levi Strauss & Co.'s nine-building headquarters has been sold to Atlanta developer Jamestown by a partnership including developer Gerson Bakar and Associates for likely more than $800 million.

The firm has acquired 53 acres for the 777,000SF, three-building industrial park in an Atlanta Northwest submarket.