REIT Roundup: 11 Things You Need to Know Today
Here are the top 10 things you should know about REITs from this week:
1. Despite a tough year, Sears will be able to keep half of its stores thanks to a commercial securities offering backed by JPMorgan Chase that'll create a new REIT called Seritage Growth Properties. [CoStar]
2. Surprises aren't alway good. Moody's cut Sprint's credit rating, causing bonds to drop. [Bloomberg]
3. More hospitals are looking to capitalize through REITs. [GS]
4. SL Green puts up Fifth Avenue sites for sale with a price tag of $125.4M. [Business Wire]
5. No, MGM Resorts, don't become a REIT. [Review Journal]
6. Inland just scored three new properties around Florida, California and Colorado. [Chain Store Age]
7. No one's too old for a makeover. The 75-year-old company Forest City Enterprises is converting into a REIT. [Forbes]
8. Should this golf club owner be a REIT already? [Seeking Alpha]
9. Good news. A study finds REIT compensation has increased by 9% over 2014. [MW]
10. And more on REIT investing versus a Fed rate hike. [Zacks]
11. SL Green announces its Q3 dividend on its common stock. [Business Wire]
