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W.P. Carey to Exit the Office Property Space

W.P. Carey to Exit the Office Property Space

by Phil Hall | Sep 21, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

W.P. Carey Inc. (NYSE: WPC), the New York City-based net lease real estate investment trust, announced that it will begin to jettison the office assets within its portfolio. The company is exiting the office space in a two-pronged approach. The first strategy involves...
Stéphane Amine Takes Leadership Role at Inovalis REIT

Stéphane Amine Takes Leadership Role at Inovalis REIT

by Phil Hall | Aug 25, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Toronto-based Inovalis Real Estate Investment Trust (OTCMKTS: IVREF; TSX: INO.UN) announced the appointment of Stéphane Amine as president and CEO. Amine is the founder of Inovalis SA, that French Alternative Investment fund that is the manager of the REIT. He...
AG Mortgage Investment Trust Acquires Western Asset Mortgage Corp.

AG Mortgage Investment Trust Acquires Western Asset Mortgage Corp.

by Phil Hall | Aug 9, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

AG Mortgage Investment Trust Inc. (NYSE: MITT), a publicly traded residential mortgage REIT, and Western Asset Mortgage Capital Corp. (NYSE: WMC) have entered into an agreement with AG Mortgage Investment acquiring Western Asset in a fixed exchange ratio stock/cash...
Terra Property Trust Reaffirms Plan to Merge with Western Asset Mortgage Capital

Terra Property Trust Reaffirms Plan to Merge with Western Asset Mortgage Capital

by Phil Hall | Jul 14, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Terra Property Trust Inc., a New York City-based real estate investment trust focused on commercial real estate, reaffirmed its commitment to merge with Western Asset Mortgage Capital Corp. (NYSE: WMC) after the latter received an unsolicited acquisition bid from...
AG Mortgage Investment Trust Acquires Western Asset Mortgage Corp.

AG Mortgage Investment Trust Makes Unsolicited Bid for Western Asset Mortgage Capital

by Phil Hall | Jul 13, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

AG Mortgage Investment Trust Inc. (NYSE: MITT) has made an unsolicited offer to acquire Western Asset Mortgage Capital Corp. (NYSE: WMC), which is already in merger talks with another real estate investment trust. In a letter to the Western Asset board of directors,...
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