To be known as CorePoint Lodging Inc., the spin-off REIT will come into being with a portfolio of 316 owned La Quinta Inn properties.

The plan would involve $456 million in operating costs and $380 million in capital investment. The MTA is looking to have the state and city each pay half of the subway plan costs.

Chairman and CEO of Gables Residential Trust between 1993 and 2000, Marcus E. Bromley will serve on the investment and audit committees of Brookdale Senior Living.

Uncertainty at the start of the year helped cause a lull, but the uncertainty has faded, and acquisition pipelines are filling up.