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New REIT Focuses on Historic Harlem Apartment Building

New REIT Focuses on Historic Harlem Apartment Building

by Phil Hall | Nov 26, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Our Financial Health, a financial wellness organization, has created a real estate investment trust (REIT) centered on a historic apartment building in the Harlem section of New York City. The REIT is focused on the 10-unit property at 422 St. Nicholas Avenue built in...
Todd Meredith Steps Down as Healthcare Realty Trust’s Chief Executive

Todd Meredith Steps Down as Healthcare Realty Trust’s Chief Executive

by Phil Hall | Nov 12, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Nashville-headquartered Healthcare Realty Trust Inc. (NYSE: HR) announced that Todd Meredith will step down as president and CEO and as a member of the board of directors, effective immediately. No reason was given for Meredith’s departure. Board Chairman Knox...
MacKenzie Realty Capital Uplists Stock Trading to Nasdaq

MacKenzie Realty Capital Uplists Stock Trading to Nasdaq

by Phil Hall | Nov 11, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

MacKenzie Realty Capital Inc., an Orinda, California-headquartered real estate investment trust focused on multifamily and office properties, has received approval to list its common stock on the Capital Market tier of The Nasdaq Stock Market LLC under the symbol...
Blackstone Acquires Retail Opportunities Investments Corp. for $4 Billion

Blackstone Acquires Retail Opportunities Investments Corp. for $4 Billion

by Phil Hall | Nov 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) and Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at...
FrontView REIT Raises $250.8 Million in IPO

FrontView REIT Raises $250.8 Million in IPO

by Phil Hall | Oct 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

FrontView REIT Inc., a Dallas-headquartered real estate investment trust focused on outparcel properties that are net leased on a long-term basis, raised $250.8 million in its initial public offering (IPO) on Oct. 1. The IPO sold 13.2 million shares at $19 per share....
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