Finance REITs
REITs May be the Right Move
Dec 3, 2007
Source: San Jose Mercury News

Some experts are saying real estate investment trusts may be an investor's best bet in the current market, particularly given that REITs themselves have taken a recent hit and may be a better buy than in years past. According to an article in the San Jose Mercury News, REITs are averaging sales prices of 20 percent less than their net asset values -- an indicator that may be negative to some, but not to the experts.

REITs also add diversity to an investor's portfolio, the article maintains. Moreover, REITs have posted annual returns that are comparable to stocks over the past 35 years, and, the article says, adding them to an investment portfolio can reduce the risk of a large value decline over any given year.

 
Recent REITs Headlines
Equity Residential Gets $550M Loan
Aug. 28, 2008
Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan has an all-in effective interest rate of about 6 percent and matures in 11.5 years, the first 10.5 of which will carry a fixed rate, with the final year carrying a floating rate.
Maguire Wraps Up $211M Orange County Office Sale
Aug. 28, 2008
Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million of project level financing.
Healthcare REIT Snaps Up Wellness Centers in $100M Sale-Leaseback Deal
Aug. 28, 2008
Four wellness centers operated by Life Time Fitness Inc. have come under the ownership of Senior Housing Properties Trust, courtesy of a $100 million deal. Life Time Fitness will continue to occupy the properties under a triple-net lease agreement through its subsidiary, LTF Real Estate Co.
Taubman Asia Unveils Flagship Stores at The Mall at Studio City, Macao
Aug. 27, 2008
Taubman Asia, a subsidiary of U.S. mall REIT Taubman Centers Inc. has unveiled its roster of flagship stores at The Mall at Studio City in Macao.
JV Snaps Up 460,000-SF Atlanta Office-Flex Campus for $47M
Aug. 25, 2008
Winthrop Realty Trust, acting with joint venture partner Sealy & Co., has acquired a 470,000-square-foot office-flex complex in Northwest Atlanta. The price tag on the six-structure campus was $47 million, including the assumption of a $37 million mortgage loan at 6.12 percent with a scheduled November 2016 maturity date.
 

 

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