REIT Roundup: 10 Things You Need To Know Today
It's Thursday, closing in on Friday. So here's a dose of REIT news as we inch closer to the weekend.
1. Down in Florida, Atlanta-based Brookdale Six REIT sells "business park" Sunrise corporate park for $75M, pulling in $23.5M in profits. [TRD]
2. Darden's Restaurant has just been approved for a real estate spin-off by the SEC. [Nation's Restaurant News]
3. Moving on from transactions to investments: REITs are a safe place to put your money in this stormy market (so sayeth the New York Times). [NYT]
4. Speaking of which...Shareholders give Forest City green light on planned REIT conversion. [GS]
5. Good news for New York REIT! Analysts at Zacks upgraded it from "sell" to "hold" rating. Here's why. [DFN]
6. Big hotel owner Apple Hospitality REIT just announced a regular monthly cash distribution of $0.10 per common share for the month of November. [MW]
7. SL Green sells land under NYC's Lipstick building for $452M. [Bisnow]
8. Prologis produced strong Q3 results. Are they an indicator of what's to come for the entire industrial REIT sector? [Seeking Alpha]
9. KBS Capital Advisors forms its seventh office REIT with goal to raise $2.3B. [CoStar]
10. See which 4 REITs are making gains from disruptive technology. [NM]
