Finance REITs
Lexington Realty to offer 3M Shares
June 26, 2008

Lexington Realty Trust has announced plans to sell 3 million shares at $14 per share. The sale of the common shares is expected to close on June 30, 2008. Net proceeds from the offering to Lexington, after deducting the underwriting discounts and expenses, will be approximately $41 million. Lexington expects to use the net proceeds from this offering to repurchase a portion of its outstanding debt securities. Wachovia Securities and Keefe, Bruyette & Woods are the underwriters for the offering. Wachovia Securities is the sole book-running manager for the offering.

 
Recent REITs Headlines
domaine Chartwell to Buy Out Seniors Housing JV
Sept. 05, 2008
Residences Melior, an affiliate of Groupe Melior, of Montreal, has exercised its right under a joint venture agreement with Chartwell Seniors Housing REIT to sell to Chartwell the remaining 50 percent interest owned by Melior in seven assisted-living properties in the Province of Quebec.
General Growth Pays Down $391M in Short-Term Debt
Sept. 04, 2008
As part of its ongoing effort to deal with some $18.4 billion in debt that's scheduled to come due over the next three-and-a-half years, Chicago-based General Growth Properties has completed the repayment of $391 million in near-term mortgage loans.
naperville north Health Care REIT Makes $643M Seniors Buy
Sept. 03, 2008
Health Care REIT Inc. has agreed to acquire a 90 percent interest in a portfolio of 29 seniors housing properties from an affiliate of Arcapita Inc., an investment bank based in Atlanta, for $643.5 million.
Maguire Completes Second SoCal Office Sale in a Week
Sept. 03, 2008
Maguire Properties Inc. has closed the books on the disposition of City Plaza, a 324,000-square-foot office building in Orange, Calif. An entity owned by Hudson Capital L.L.C. took the property off Maguire's hands.
U.S. Private Equity Firms Seek Bargains in Japanese REIT Market
Sept. 02, 2008
Japanese REITs, which have lost more than 50 percent of their value on the Tokyo Stock Exchange since their peak last year, are increasingly attracting the attention of U.S.-based private equity firms like Oaktree Capital Management, which has launched the first tender offer for a REIT in Japan.
 

 

Fults to Start New Firm in Dallas
September 05, 2008
By: Tonie Auer, Southwest Correspondent --Despite a flat Dallas real estate market, Tracy Fults took a leap of faith in the creation of his new real estate firm of Fults Commercial, following in the footsteps of his late father and...

184-Acre Bioscience Park Breaks Ground on Former Army Site
September 05, 2008
By: Tonie Auer, Southwest Correspondent --Construction began Wednesday as part of the transformation of the former Fitzsimons Army Medical Center in Aurora, Colo., for the 184-acre business park called Colorado Science + Technology Park at Fitzsimons. The project is being...

Chartwell to Buy Out Seniors Housing JV
September 05, 2008
By: Scott Baltic, Contributing Editor --Residences Melior, an affiliate of Groupe Melior, of Montreal, has exercised its right under a joint venture agreement with Chartwell Seniors Housing REIT to sell to Chartwell the remaining 50 percent interest owned by Melior...

Gaylord to Develop Convention/Resort Facility in Mesa
September 05, 2008
By: Dees Stribling, Contributing Editor --Gaylord Entertainment has inked a deal to buy a parcel of land at the Mesa Proving Grounds in Mesa, Ariz., for the development of a resort and convention center. The development will occupy about 100...

REal Talk with Adam Perrotta-Wednesday
September 03, 2008
By Adam Perrotta, News Writer --While Manhattan's Downtown and Midtown South office submarkets have recently been billed as havens for smaller tenants looking to avoid the sky high rents of Class A Midtown space, such firms may still be able...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...