REIT Roundup: 10 Things You Need to Know Today
Here are 10 stories you need to read to catch up with all the latest REIT happenings.
1. The owner of Grand Central Terminal is suing the mayor's office and SL Green for rezoning its "Vanderbilt Corridor," calling the air rights "worthless." [TRD]
2. Yield, yield, yield. Here are seven REITs that pay 7% or more. [Forbes]
3. PREI is making moves, snagging two buildings in Manhattan's Gramercy hood for $123M. [CPE]
4. Office REIT Mack-Cali just announced a 54k SF lease with Big Four accounting giant KPMG. [MW]
5. New York-based Kamber Management Co received a $150M loan to purchase Tower 45 from SL Green. [TRD]
6. The US-China relations continue. Vornado just increased its Bank of China loan to a whopping $950M. Here's what the money will go to. [TRD]
7. After helping with its REIT conversion, CFO Kimberly Sheehy is leaving data center property owner CyrusOne. [MW]
8. Ackman-Ziff is staying loyal and moving its HQ from one SL Green building to another. [TRD]
9. Keep your eyes out for Agree Realty as it builds momentum as an investor favorite. [Alpha Seeking]
10. And here's a little-known REIT making big noise, producing 11.78% yields while trading for less than a book. And, oh yeah, it just earned Top 10 status, too. [Forbes]
