Bill Ackman’s Pershing Square Capital has exited its investment in regional mall REIT GGP, according to Bloomberg. The hedge fund, which invested in the REIT’s restructuring while it was going through Chapter 11 bankruptcy, sold 28 million shares back to the company for $556 million. read more
Read moreBuying apartment properties in core markets is no longer enough for multifamily REITs. These companies are expected to slow their acquisitions of individual properties this year. read more
Read moreJust a few days after we discussed the potential wave of mergers and acquisitions in the REIT space with American Realty Capital CEO Nicholas Schorsch, news emerged that shopping center REIT Kite Realty Group struck a deal to buy Inland Diversified, a non-traded REIT, in a $1.2 billion transaction. read more
Read moreMercatus Inc., an enterprise-level investment analysis and decision-making platform serving as a core operating system for solar energy investors, recently had its Series-A round of financing closed by Trepp LLC, a provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. read more
Read moreIn the era of “income inequality,” it isn’t only workers, the unemployed and the poor who are feeling oppressed. Some of the rich are feeling it too. read more
Read moreEighteen U.S. firms were recently named to the Global 100, a stock index that ranks companies based on sustainable practices, a list that includes industrial powerhouse Prologis Inc. and other firms that use green concepts in their offices and manufacturing plants. Each year Global Knights, based in Toronto, researches 4,000 public companies across the globe...
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