reit

RREEF America Jumping into New-Fangled REIT Arena

March 29, 2012

Costar… Possibly just weeks away from being sold, RREEF America LLC isn’t sitting around waiting to find out who its new owner is. The leading real estate investment manager is planning to form a new REIT to be called RREEF America Property Income Trust Inc. and hold an initial public stock offering to raise up to $2.5 billion. The new property income REIT will invest primarily in properties, but also in real estate debt and publicly traded REIT stocks, although… Go here to see the original: RREEF America Jumping into New-Fangled REIT Arena Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Empire State Building Owner Set To Join REIT Era

February 16, 2012

Costar… Malkin Holdings LLC, the supervisor of Empire State Building, filed a registration statement with the U.S. Securities & Exchange Commission to convert the iconic tower’s ownership into a public REIT. Malkin intends to consolidate into a new REIT to be called Empire State Realty Trust Inc. There are 22 private entities involved in the consolidation, all of which will get shares in the new REIT. Through the public offering, the REIT is looking… Continue reading here: Empire State Building Owner Set To Join REIT Era Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Mortgage REITs on a Tear

April 13, 2011

A few years ago, real-estate investment trusts that bought and sold residential-mortgage securities were a dying breed. Today, they are one of the hottest REIT sectors.

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REIT’s Yuan IPO Takes Off

April 12, 2011

The institutional part of Li Ka-shing’s Hui Xian REIT, the first yuan-denominated IPO outside mainland China, was almost fully subscribed on the first day of its launch.

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Wells REIT Bids High on Washington Office

March 1, 2011

Wells Real Estate Investment Trust II, an untraded REIT, has agreed to pay approximately $615 million for a Washington, D.C., office complex in the latest sign investors are willing to pay peak-era prices for the most sought-after commercial property.

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