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Archive for the Category ‘REITs’

Wells Core REIT Acquires 201 KSF Maryland Office Building

Wells Core REIT Acquires 201 KSF Maryland Office Building

Wells Core Income REIT has acquired the Franklin Center, a 200,600-square-foot office building in the Baltimore submarket of Columbia, Md., from Principal Real Estate Investors.

Griffin-American Snaps Up $167M in Skilled-Nursing Facilities

Griffin-American Snaps Up $167M in Skilled-Nursing Facilities

Griffin-American Healthcare REIT II picked up $166.5 million worth of commercial real estate from the partnership of Westport Capital Partners and Reichmann International Development in the form of 10 skilled-nursing facilities across the Southwest.

Griffin-American REIT II Makes $174M, 11-Property Pickup

Griffin-American REIT II Makes $174M, 11-Property Pickup

Continuing in its quest for “stabilized assets that show cash flow above and beyond rent,” according to president & COO Danny Prosky, the newly minted Griffin-American Healthcare REIT II has made an 11-property pickup for $174 million.

Canadian REIT CANMARC Buys Three Properties for $213M

Canadian REIT CANMARC Buys Three Properties for $213M

Less than two years after CANMARC Real Estate Investment Trust completed its initial public offering, there appears to be no end in sight to its shopping spree. The REIT has committed to the purchase of three commercial properties across Canada for a total $213 million investment.

American Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT

American Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT

Grubb & Ellis has finalized the transfer of the dealer and advisory agreements of its REIT — formerly the Grubb & Ellis Healthcare REIT II — to a co-sponsorship between American Healthcare Investors and Griffin Capital.

Vornado Nets $126M in 11 Penn Plaza Refi

Vornado Nets $126M in 11 Penn Plaza Refi

Vornado Realty Trust rang out the old year by completing a $330 million refinance for 11 Penn Plaza, a 1.1-million square-foot office building in Manhattan.

Taubman Completes $560M Purchase of Three Centers

Taubman Completes $560M Purchase of Three Centers

Retail REIT Taubman Centers Inc. has completed the $560 million purchase of three shopping centers from Davis Street Properties.

Heitman Co-Sponsors Behringer Harvard REIT, Acquires Minority Interest in 15 Properties

Heitman Co-Sponsors Behringer Harvard REIT, Acquires Minority Interest in 15 Properties

Behringer Harvard Multifamily REIT I Inc. has just entered into a new co-investment partnership with one of the world’s largest pension funds, advised by Heitman L.L.C., a multinational real estate investment management firm with more than $23 billion of assets.

Amid Changes, Furloughs at Grubb, Healthcare REIT Picks up $112M Portfolio

Amid Changes, Furloughs at Grubb, Healthcare REIT Picks up $112M Portfolio

Amid the process of furloughing a small percentage of its workforce, Grubb & Ellis is still seeing one of its vehicles — Grubb & Ellis Healthcare REIT II — purchase an eight-property medical-office portfolio for $112 million.

FDIC Regional Office Re-Ups in Midtown Atlanta

FDIC Regional Office Re-Ups in Midtown Atlanta

FDIC, the banking oversight agency, has re-upped for 102,619 square feet at Ten 10th Street, the building’s owner, Parkway Properties Inc., said Monday.

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