🏢 #REIT Headlines - January 11, 2024 🌐 PEAK's Breakthrough Venture: * Healthpeak Properties, Inc. enters a strategic JV with Breakthrough Properties, selling a 65% stake in Healthpeak’s Callan Ridge lab campus. * Valued at $236M, the deal showcases a 5.3% cash cap rate. 🏢 WPC's Office Portfolio Sale: * W. P. Carey Inc. concludes the sale of a 70-property office portfolio to the State of Andalusia for $359M, marking the largest office sale. * The sale aligns with its strategic plan to exit office assets. 💼 NLOP's Office Property Sale: * Net Lease Office Properties announces the sale of four U.S. office properties, yielding $43.1M in gross proceeds. * Funds used for loan repayments, enhancing financial flexibility. 📊 PSTL's Q4 Update: * Postal Realty Trust provides a comprehensive update on Q4 2023, covering portfolio, collections, acquisitions, and capital markets activity. * Highlights its year-end portfolio and balance sheet. 🔄 SITC's Transaction Update: * SITE Centers shares insights into its transaction activity for Q4 2023 and the first quarter of 2024 🏢 CDP's Leasing Milestones: * COPT Defense Properties celebrates leasing achievements, exceeding 2023 guidance by executing 747,000 sf of development leasing and completing 452,000 sf of vacancy leasing with a WALT of over 9 years. 📜 O's Spirit Realty Exchange: * Realty Income Corporation reports the successful tender of Spirit Realty Capital, Inc (NYSE: SRC) notes, marking a significant milestone in the ongoing exchange offers. 🏨 CLDT's Hilton Garden Inn Sale: * Chatham Lodging Trust finalizes the sale of the 180-room Hilton Garden Inn Denver Tech Center for $18M. * Proceeds earmarked for corporate investments and debt repayment. 🖥️ IRM's Regency Technologies Acquisition: * Iron Mountain completes the acquisition of Regency Technologies for $200M, emphasizing a 7.5x EBITDA multiple. * Strengthening its position in IT asset disposition services. Stay Informed in the world of REITs and learn more at www.thedailyreitbeat.com! 🏡📊 #REITs #RealEstateInvesting #MarketUpdate

📰 #REIT Headlines - 12/8/2023 1. Goldman Sachs Greenlights VICI: 🌟 Goldman resumes VICI Properties Inc. with a Buy rating and $36 price target 2. Wells Fargo's Shift: 🔄 Wells Fargo adjusts ratings - Apple Hospitality REIT, Inc. ($17) and DiamondRock Hospitality ($9) downgraded to Equalweight from Overweight while Sunstone Hotel Investors, Inc. downgraded to Underweight with a revised target of $9.50. 3. DLR and Blackstone's Strategic Move: 🌐 Digital Realty partners with Blackstone for a groundbreaking $7 billion JV which aims to develop hyperscale data center campuses in Frankfurt, Paris, and Northern Virginia as a significant step in meeting the rising demand for data infrastructure. 4. Leadership Transition at CCI: 🌐 Crown Castle announces Jay Brown's retirement, appointing Anthony Melone as interim CEO while Elliott Investment Management sees this as a positive step and calls for additional changes for enhanced shareholder value. 5. VICI's Strategic Investment: 💼 VICI Properties Inc. invests up to $212 million in a mezzanine loan for Kalahari Resorts and Conventions as a strategic move diversifying VICI's portfolio and supporting the development of an indoor waterpark resort in Thornburg, VA. 6. Dividend Declaration by WPC: 💰 W. P. Carey Inc. declares a quarterly cash dividend of $0.860 per share, aligning with its strategic plan to exit office assets 7 PK's ESG Commitment: 🌍 Park Hotels & Resorts releases its annual Corporate Responsibility Report, detailing its ESG performance and initiatives during 2022. 8. Moody's Affirms SPG: 🔒 Moody’s affirms Simon Property Group's limited partnership ratings with a stable outlook, reinforcing SPG's financial strength and stability. 9. Board Appointment at HPP: 🤝 Hudson Pacific Properties welcomes Michael Nash to its Board of Directors effective January 1, 2024 succeeding outgoing board member Richard “Rocky” Fried Stay informed about the latest trends and shifts in the real estate market! 🏡 Learn more at www.thedailyreitbeat.com! 💡 #REITs #RealEstateNews #MarketShifts 📈🌐

📰 #REIT Headlines - 12/8/2023 1. Goldman Sachs Greenlights VICI: 🌟 Goldman resumes VICI Properties Inc. with a Buy rating and $36 price target 2. Wells Fargo's Shift: 🔄 Wells Fargo adjusts ratings - Apple Hospitality REIT, Inc. ($17) and DiamondRock Hospitality ($9) downgraded to Equalweight from Overweight while Sunstone Hotel Investors, Inc. downgraded to Underweight with a revised target of $9.50. 3. DLR and Blackstone's Strategic Move: 🌐 Digital Realty partners with Blackstone for a groundbreaking $7 billion JV which aims to develop hyperscale data center campuses in Frankfurt, Paris, and Northern Virginia as a significant step in meeting the rising demand for data infrastructure. 4. Leadership Transition at CCI: 🌐 Crown Castle announces Jay Brown's retirement, appointing Anthony Melone as interim CEO while Elliott Investment Management sees this as a positive step and calls for additional changes for enhanced shareholder value. 5. VICI's Strategic Investment: 💼 VICI Properties Inc. invests up to $212 million in a mezzanine loan for Kalahari Resorts and Conventions as a strategic move diversifying VICI's portfolio and supporting the development of an indoor waterpark resort in Thornburg, VA. 6. Dividend Declaration by WPC: 💰 W. P. Carey Inc. declares a quarterly cash dividend of $0.860 per share, aligning with its strategic plan to exit office assets 7 PK's ESG Commitment: 🌍 Park Hotels & Resorts releases its annual Corporate Responsibility Report, detailing its ESG performance and initiatives during 2022. 8. Moody's Affirms SPG: 🔒 Moody’s affirms Simon Property Group's limited partnership ratings with a stable outlook, reinforcing SPG's financial strength and stability. 9. Board Appointment at HPP: 🤝 Hudson Pacific Properties welcomes Michael Nash to its Board of Directors effective January 1, 2024 succeeding outgoing board member Richard “Rocky” Fried Stay informed about the latest trends and shifts in the real estate market! 🏡 Learn more at www.thedailyreitbeat.com! 💡 #REITs #RealEstateNews #MarketShifts 📈🌐

🏢📰 #REIT Headlines 3-26-2024 📈💼 📈 Mizuho Initiates on Lodging Stocks: * Hyatt Hotels Corporation ($197) and Hilton ($245) earn Buy ratings. * Marriott Hotels receives Neutral rating with a $263 price target. 📊 Equity Offerings: * Terreno Realty Corporation upsizes and prices 5.5 million share offering at $62/share. * Gross proceeds of $341 million for future acquisitions. * Acquisition of industrial properties in major U.S. cities planned. 💰 Rexford Industrial Raising Capital * REXR commences $840 million common stock offering. * Operating partnership intends to offer $500 million exchangeable senior notes. * Funds allocated for acquisitions, development, and general corporate purposes. 🏨 Pebblebrook Hotel Trust (NYSE: PEB) Operating Update * PEB comments on recent operating trends * Same-Property Total Revenue increased 3.4% year-over-year, driven by a 3.8% rise in Room Revenue and 2.7% growth in Non-Room Revenue. * Same-Property Expenses rose by 4.8% (extra day this year), largely due to property insurance costs, which contributed an additional 80 bps to expense growth.  * Urban hotels continued to capitalize on favorable demand trends involving the ongoing recovery in business group and transient while resorts faced challenges due to adverse weather conditions on the West Coast and in Florida, impacting both business and leisure demand. 🏢 Acquisitions and Consolidations: * Essex Property Trust acquires JV partner's 49.9% interest in the BEXAEW portfolio for $505.0 million. * Debt repayment and consolidation of four properties totaling 1,480 apartment homes. 🏢 TRNO Industrial Property Acquisition * Terreno Realty Corporation purchased an industrial property in East Williamsburg, Brooklyn for $12.0 million. * Property consists of one industrial distribution building on 0.7 acres. 💼 DRH Leadership Update: * DiamondRock Hospitality announced retirement of Executive Vice President and General Counsel, Bill Tennis, effective June 30, 2024. Stay tuned for more updates in the dynamic world of Real Estate Investment Trusts with The Daily REITBeat Newsletter (www.thedailyreitbeat.com)! #REIT #CommercialRealEstate 🏙️📈

🏢📰 #REIT Headlines 3-26-2024 📈💼 📈 Mizuho Initiates on Lodging Stocks: * Hyatt Hotels Corporation ($197) and Hilton ($245) earn Buy ratings. * Marriott Hotels receives Neutral rating with a $263 price target. 📊 Equity Offerings: * Terreno Realty Corporation upsizes and prices 5.5 million share offering at $62/share. * Gross proceeds of $341 million for future acquisitions. * Acquisition of industrial properties in major U.S. cities planned. 💰 Rexford Industrial Raising Capital * REXR commences $840 million common stock offering. * Operating partnership intends to offer $500 million exchangeable senior notes. * Funds allocated for acquisitions, development, and general corporate purposes. 🏨 Pebblebrook Hotel Trust (NYSE: PEB) Operating Update * PEB comments on recent operating trends * Same-Property Total Revenue increased 3.4% year-over-year, driven by a 3.8% rise in Room Revenue and 2.7% growth in Non-Room Revenue. * Same-Property Expenses rose by 4.8% (extra day this year), largely due to property insurance costs, which contributed an additional 80 bps to expense growth.  * Urban hotels continued to capitalize on favorable demand trends involving the ongoing recovery in business group and transient while resorts faced challenges due to adverse weather conditions on the West Coast and in Florida, impacting both business and leisure demand. 🏢 Acquisitions and Consolidations: * Essex Property Trust acquires JV partner's 49.9% interest in the BEXAEW portfolio for $505.0 million. * Debt repayment and consolidation of four properties totaling 1,480 apartment homes. 🏢 TRNO Industrial Property Acquisition * Terreno Realty Corporation purchased an industrial property in East Williamsburg, Brooklyn for $12.0 million. * Property consists of one industrial distribution building on 0.7 acres. 💼 DRH Leadership Update: * DiamondRock Hospitality announced retirement of Executive Vice President and General Counsel, Bill Tennis, effective June 30, 2024. Stay tuned for more updates in the dynamic world of Real Estate Investment Trusts with The Daily REITBeat Newsletter (www.thedailyreitbeat.com)! #REIT #CommercialRealEstate 🏙️📈

#REIT Market Headlines - January 2, 2024 📊🏢 🚀 Jefferies Upgrades: Positive Outlook on Selected REITs * Jefferies upgrades Acadia Realty Trust ($20), AMH ($41), Boston Properties (BXP) ($80), CubeSmart ($53), Essex Property Trust ($281), Hudson Pacific Properties ($12), Invitation Homes ($41), Park Hotels & Resorts ($21) to Buy from Hold * Jefferies shifts Douglas Emmett to Hold from Underperform accompanied by a $5 price target increase to $15. 🔽 Jefferies Downgrades: Adjusting Ratings * Jefferies downgrades MAA to Hold from Buy, revising the price target down by $4 to $136. 📈 Wolfe Research Ratings Update: Shifting Perspectives * Wolfe Research upgrades NETSTREIT Corp. (NYSE: NTST) to Outperform from Peer Perform setting a $22 price target. * Wolfe Research improves its rating on Equinix to Peer Perform from Underperform. * Wolfe Research downgrades AvalonBay Communities to Peer Perform from Outperform. 🏬 Strategic Transactions: Recent Moves in the Market * Four Corners Property Trust announces the acquisition of a Tire Discounters property in Kentucky for $1.8 million via a sale-leaseback transaction. The corporate-operated property operates under a long-term, triple net lease. * Murray Wise, founder of FPI subsidiary Murray Wise Associates LLC, plans to step down from Farmland Partners Inc. Board of Directors effective January 1, 2024. 📰 Stay Informed, Stay Ahead navigating the REIT Landscape in 2024 and learn more at www.thedailyreitbeat.com!!

📰 #REIT Headlines - January 9, 2024 🏢 Realty Income Corporation (O): Successfully Priced $1.25 Billion Notes Offering * O priced $450 million of 4.75% notes due 2029 and $800 million of 5.125% notes due 2034. * Net proceeds allocated for general corporate purposes, debt repayment, and potential acquisitions. 🏠 Regency Centers (REG): Raises $400 Million Through Senior Unsecured Notes * REG priced $400 million of 5.25% senior unsecured notes due 2034. * Funds intended for reducing credit line balance and general corporate purposes. 🌐 Federal Realty Investment Trust (FRT): Operating Partnership Announces Upsized Offering * FRT's operating partnership priced an upsized offering of $425 million exchangeable senior notes due 2029. * Net proceeds designated for capped call transactions, debt repayment, and general corporate use. 💰 Acadia Realty Trust (AKR): Completes Upsized Common Share Offering * AKR priced an upsized offering of 6.9 million common shares, raising $115.575 million. * Net proceeds allocated for general corporate purposes and potential acquisitions. 🍫 Empire State Realty Trust (ESRT): Welcomes Ghirardelli Chocolate Company * ESRT announces Ghirardelli Chocolate Company opening a retail space at the base of the Empire State Building. 🏘️ LTC Properties, Inc. (NYSE: LTC): Successfully Completes Brookdale Senior Living Portfolio Transactions * LTC completes process involving its 35-property Brookdale Senior Living portfolio ensuring revenue replacement. 💼 Healthcare Realty (HR): Records $338 Million Asset Sales in Q4 2023 * HR completes $338 million in asset sales during Q4 2023, with full-year dispositions totaling $656 million. 🏡 CareTrust REIT (CTRE): Acquires The Villas at San Bernardino * CTRE acquires a 78-unit assisted living and memory care facility in San Bernardino, CA. 📈 Gladstone Commercial Corporation (GOOD): Quarterly Business Update - Portfolio Occupancy at 96.8% * GOOD announces a portfolio occupancy rate of 96.8% as of December 31, 2023. 🏭 Terreno Realty Corporation (TRNO): Acquires Industrial Property in Bellevue, WA * TRNO announces the acquisition of an industrial property in Bellevue, WA, for $6.5 million. 🏢 Vornado Realty Trust (VNO): Cushman & Wakefield Named Exclusive Leasing Agent for PENN 2 * VNO appoints Cushman & Wakefield as exclusive leasing agent for its PENN 2 office tower. 🌐 Stay informed with the latest REIT updates with The Daily REIT Beat Newsletter and learn more at www.thedailyreitbeat.com! #RealEstate #REITs #InvestingNews 🏠📊

🏢 #REIT Headlines - January 10, 2024 Wolfe Research Initiations * DiamondRock Hospitality ($11) and RLJ Lodging Trust ($15) initiated with Outperform Ratings. * Summit Hotel Properties, Inc. and Xenia Hotels & Resorts, Inc. initiated with Peer Perform Ratings. KRC's Financial Move * Kilroy Realty Corporation priced $400 Million of 6.25% Senior Notes Due 2036 with net proceeds allocated for debt redemption, corporate purposes, including development projects. BRX Financial Strategy * Brixmor Property Group priced $400 Million of 5.50% Senior Notes Due 2034 with net proceeds deployed for general corporate objectives, emphasizing debt repayment. NTST's Financial Maneuver * NETSTREIT Corp. (NYSE: NTST) priced an upsized 9.6 Million Share forward stock offering at $18/Share where the $172.8 Million in gross proceeds will be earmarked for corporate purposes, including debt repayment and strategic acquisitions. WPC's Investment Triumph * W. P. Carey Inc. reports 2023 Full-Year Investment Volume of approximately $1.3 Billion as Q4 highlights include a cross-border sale-leaseback in Europe and upcoming property acquisitions. GTY's Financial Outlook * Getty Realty Corp. provides updates on Q4 and Full-Year 2023 business activities and establishes 2024 AFFO Guidance at $2.29-$2.31/Share. TRNO's Operational Unveiling * Terreno Realty Corporation shared its Operating, Investment, and Capital Markets Activities for Q4 2023 plus promotes John Meyer to Chief Operating Officer. AHT's Q4 Performance * Ashford Hospitality Trust (AHT) anticipates 66% Occupancy, ADR of $182, and RevPAR of $120 for 4Q'23 SPG Board Enhancement * Simon Property Group appoints Nina P. Jones to Board of Directors. INVH's Strategic Evolution * Invitation Homes commences a new era in Professional Property and Asset Management for Single-Family Homes where its inaugural agreement sets out to manage 14,000+ homes. S&P's Positive Assessment * S&P affirmed Phillips Edison & Company's Ratings, Including "BBB-" Issuer Credit Rating and revises its outlook to positive indicating stability and growth. Stay Informed in the Dynamic World of REITs with The Daily REIT Beat Newsletter and learn more at www.thedailyreitbeat.com! 🏡📊 #REITs #RealEstateInvesting #MarketUpdate

🏢 #REIT Headlines - January 10, 2024 Wolfe Research Initiations * DiamondRock Hospitality ($11) and RLJ Lodging Trust ($15) initiated with Outperform Ratings. * Summit Hotel Properties, Inc. and Xenia Hotels & Resorts, Inc. initiated with Peer Perform Ratings. KRC's Financial Move * Kilroy Realty Corporation priced $400 Million of 6.25% Senior Notes Due 2036 with net proceeds allocated for debt redemption, corporate purposes, including development projects. BRX Financial Strategy * Brixmor Property Group priced $400 Million of 5.50% Senior Notes Due 2034 with net proceeds deployed for general corporate objectives, emphasizing debt repayment. NTST's Financial Maneuver * NETSTREIT Corp. (NYSE: NTST) priced an upsized 9.6 Million Share forward stock offering at $18/Share where the $172.8 Million in gross proceeds will be earmarked for corporate purposes, including debt repayment and strategic acquisitions. WPC's Investment Triumph * W. P. Carey Inc. reports 2023 Full-Year Investment Volume of approximately $1.3 Billion as Q4 highlights include a cross-border sale-leaseback in Europe and upcoming property acquisitions. GTY's Financial Outlook * Getty Realty Corp. provides updates on Q4 and Full-Year 2023 business activities and establishes 2024 AFFO Guidance at $2.29-$2.31/Share. TRNO's Operational Unveiling * Terreno Realty Corporation shared its Operating, Investment, and Capital Markets Activities for Q4 2023 plus promotes John Meyer to Chief Operating Officer. AHT's Q4 Performance * Ashford Hospitality Trust (AHT) anticipates 66% Occupancy, ADR of $182, and RevPAR of $120 for 4Q'23 SPG Board Enhancement * Simon Property Group appoints Nina P. Jones to Board of Directors. INVH's Strategic Evolution * Invitation Homes commences a new era in Professional Property and Asset Management for Single-Family Homes where its inaugural agreement sets out to manage 14,000+ homes. S&P's Positive Assessment * S&P affirmed Phillips Edison & Company's Ratings, Including "BBB-" Issuer Credit Rating and revises its outlook to positive indicating stability and growth. Stay Informed in the Dynamic World of REITs with The Daily REIT Beat Newsletter and learn more at www.thedailyreitbeat.com! 🏡📊 #REITs #RealEstateInvesting #MarketUpdate

📰 #REIT Headlines - January 9, 2024 🏢 Realty Income Corporation (O): Successfully Priced $1.25 Billion Notes Offering * O priced $450 million of 4.75% notes due 2029 and $800 million of 5.125% notes due 2034. * Net proceeds allocated for general corporate purposes, debt repayment, and potential acquisitions. 🏠 Regency Centers (REG): Raises $400 Million Through Senior Unsecured Notes * REG priced $400 million of 5.25% senior unsecured notes due 2034. * Funds intended for reducing credit line balance and general corporate purposes. 🌐 Federal Realty Investment Trust (FRT): Operating Partnership Announces Upsized Offering * FRT's operating partnership priced an upsized offering of $425 million exchangeable senior notes due 2029. * Net proceeds designated for capped call transactions, debt repayment, and general corporate use. 💰 Acadia Realty Trust (AKR): Completes Upsized Common Share Offering * AKR priced an upsized offering of 6.9 million common shares, raising $115.575 million. * Net proceeds allocated for general corporate purposes and potential acquisitions. 🍫 Empire State Realty Trust (ESRT): Welcomes Ghirardelli Chocolate Company * ESRT announces Ghirardelli Chocolate Company opening a retail space at the base of the Empire State Building. 🏘️ LTC Properties, Inc. (NYSE: LTC): Successfully Completes Brookdale Senior Living Portfolio Transactions * LTC completes process involving its 35-property Brookdale Senior Living portfolio ensuring revenue replacement. 💼 Healthcare Realty (HR): Records $338 Million Asset Sales in Q4 2023 * HR completes $338 million in asset sales during Q4 2023, with full-year dispositions totaling $656 million. 🏡 CareTrust REIT (CTRE): Acquires The Villas at San Bernardino * CTRE acquires a 78-unit assisted living and memory care facility in San Bernardino, CA. 📈 Gladstone Commercial Corporation (GOOD): Quarterly Business Update - Portfolio Occupancy at 96.8% * GOOD announces a portfolio occupancy rate of 96.8% as of December 31, 2023. 🏭 Terreno Realty Corporation (TRNO): Acquires Industrial Property in Bellevue, WA * TRNO announces the acquisition of an industrial property in Bellevue, WA, for $6.5 million. 🏢 Vornado Realty Trust (VNO): Cushman & Wakefield Named Exclusive Leasing Agent for PENN 2 * VNO appoints Cushman & Wakefield as exclusive leasing agent for its PENN 2 office tower. 🌐 Stay informed with the latest REIT updates with The Daily REIT Beat Newsletter and learn more at www.thedailyreitbeat.com! #RealEstate #REITs #InvestingNews 🏠📊