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Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.
The Austin, TX-based hotel REIT also reports that it has closed on the sale of the 148-room Hyatt Place Fort Myers/at the Forum in Fort Myers, FL for $16.5 million or approximately $111,000 per key.
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The latest CRE survey data reveals critical trends for the remainder of 2023 and into 2024. From rising interest rates and overall capitalization rates, CRE investors face challenges in the four major sectors. But each market has its own responses to changing conditions. Download this eBook to explore the trends.
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