DREAM GLOBAL REIT (“Dream Global” or the “REIT”) (TSX:DRG.UN)(FRANKFURT:DRG) today announced that it has entered into a binding sale and purchase agreement (the “Transaction Agreement”) relating to a portfolio of 135 office and light industrial properties located in the Netherlands (the “Transaction Portfolio” or the “Dutch Assets”), expanding the REIT’s geographic presence in Europe and establishing a sizeable new real estate platform for the REIT with an experienced management team. The total purchase price for the transaction (the “Transaction”) is approximately EUR622.1 million ($903.0 million)1, representing a going in capitalization rate of 8.0%. The vendors for the Transaction (the “Vendors”) are TPG Real Estate, TPG Sixth Street Partners, and Patron Capital Partners. The Dutch Assets are currently operated under the name “Merin”.
Continue reading Dream Global REIT Announces Transformational Acquisition in the Netherlands
NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH) (NorthWest) today announces that NorthWest Australia1 (NorthWest Australia) has completed the acquisition of all the outstanding units in Generation Healthcare REIT (ASX:GHC) (Generation) – a $600M+ Australian healthcare real estate portfolio comprising 16 properties including hospitals, medical centers, laboratories, aged care facilities along with an accretive $230M+ development pipeline. NorthWest also announces that NorthWest Australia has today passed a resolution as sole unitholder of Generation to appoint NorthWest Healthcare Australia RE Limited, as the responsible entity of Generation in place of APN Funds Management Limited.
Continue reading Northwest Healthcare Properties REIT Successfully Completes Acquisition of Generation Healthcare REIT
American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN) (TSX: HOT.DB.U) (OTCQX: AHOTF) announced today the completion of the previously announced acquisition of a geographically-targeted portfolio of 18 premium branded Marriott and Hilton hotels (the “Acquisition”) containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania (collectively, the “Eastern Seaboard Portfolio”) for approximately US$407.4 million, including brand-mandated property improvement plans (the “PIPs”). Continue reading American Hotel Income Properties REIT Completes Its Transformative U.S. Acquisition
Choice Hotels Canada, Canada’s largest hotel franchisor, is pleased to announce the launch of their new Book To Build campaign, a charitable program in partnership with Habitat for Humanity Canada to raise an estimated $100,000 for families in need of affordable housing.
Continue reading Choice Hotels Canada Launches Book to Build
DREAM OFFICE REAL ESTATE INVESTMENT TRUST (TSX:D.UN) (“Dream Office REIT”, the “Trust” or “our”) today announced the acceleration of its strategic plan (the “Strategic Plan”) with Continue reading Dream Office Announces Sale of $1.7B of Properties With $1.4B Sale to KingSett
Pure Industrial Real Estate Trust (TSX: AAR.UN) (the “Trust”) announced today the following strategic initiatives:
Continue reading Pure Industrial REIT Announces Core Acquisitions and Accretive Dispositions
– New research from the Real Estate Investment Network shows the City of Barrie is poised for growth. Barrie meets criteria on REIN’s Long-Term Real Estate Success Formula for a future stable real estate market as the city continues to diversify its economy to support GDP, employment and population growth.
Continue reading Economic fundamentals of Barrie set the stage for real estate investors
Hover over the tiles and see how much space $1,500 gets you in the 100 most populous US cities:
Continue reading How Much Space Does $1,500 Rent You in the 100 Most Populous US Cities?
In the first full month reflecting a new tax on foreign buyers, Toronto’s housing market is showing signs of cooling as new listings soar 49%. Bloomberg TV Canada talks to Robert Hogue, senior economist at RBC.
Continue reading Sanity hits Toronto’s housing market
Cominar REIT is pleased to announce that the Womance concept will be touring its properties in the coming months. Continue reading Cominar to Play Host to Womance During an Exclusive Roadshow at Select Cominar Shopping Centres
Remember when teens couldn’t get enough of Abercrombie & Fitch? Those days are long gone. CNNMoney’s Paul La Monica explains the dire state of the American mall.
Continue reading Is the mall dead?