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WHOEVER COINED THE TERM “SUMMER slowdown” certainly hasn't seen a summer like this one. The past few months have been eventful, to say the least, between billion-dollar property acquisitions, game-changing mergers and significant executive appointments.

Recently, for instance, Realty Income Corp. revealed its intentions to buy American Realty Capital Trust Inc. in a deal valued at $2.95 billion; Health Care REIT Inc. agreed to buy Sunrise Senior Living Inc. in a $1.9-billion acquisition; Walker & Dunlop plans to pay $220 million for CWCapital; and M&T Bank Corp. became one of the larger community banking franchises in the eastern US when it acquired Hudson City Bancorp and its 97 New Jersey branches in a $3.7-billion merger.

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