Archive for May, 2013

25 REITs Most Likely To Buy Your Property in 2013

This may well be the year that property owners in secondary and tertiary markets get a chance to cash in on the spending spree of the nation's largest publicly held REITs and real estate operating companies. (more…) Read more

Ares Commercial Real Estate Corporation To Acquire Alliant Capital LLC

Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it has entered into a definitive agreement to acquire EF&A Funding, L.L.C, d/b/a Alliant Capital LLC from The Alliant Company, LLC and Alliant, Inc., for approximately $62.8 million through a combination of cash and stock. Under the terms of the transaction, Alliant Capital LLC is expected to become a wholly owned taxable REIT subsidiary of ACRE. Alliant Capital, Ltd., which on a national scale provides tax credit equity for the financing ... Read more

Moore: CRE pricing momentum will likely be sustained

Commercial property values have reached and even surpassed 2007's valuations, according to Green Street Advisors' Commercial Property Price Index. "Lower rates, an overall drop in yields and real estate catching up to other capital markets has attributed to rising values," says Jason Moore, an analyst with Green Street Advisors. He says the upward momentum in pricing will likely be sustained. » Click here for full story Read more

New CMBS delinquencies drop under the $1B mark

Fitch Ratings reported that delinquencies on commercial mortgage-backed securities dropped to 7.44% in April from 7.63% in March. New delinquencies dipped below the $1 billion mark for the first time since February 2009. » Click here for full story Read more

Equity Residential sells Phoenix multifamily property

Equity Residential Trust has sold a multifamily property in Phoenix for $37.7 million. Henderson Global Investors bought the 350-unit property called Sycamore Creek apartments. » Click here for full story Read more