Tag Archives: comThe
Ashford JV to Acquire Premium Hotels – Zacks.com
Ashford JV to Acquire Premium HotelsZacks.comThe acquisition was made for a total price of $1.3 billion at a capitalization rate of 6.1%, which equates to a purchase price of $158000 per key and an EBITDA (earnings before interest, tax, depreciation … Continue reading
Long Term View of Housing Says Sell – Minyanville.com
Long Term View of Housing Says SellMinyanville.comThe Census Bureau's Housing Vacancy survey for the fourth quarter of 2010 showed a small decline in year round vacant inventory versus Q4 2009. However, while for-sale inventory was down slightly and rental inventory … Continue reading
Thayer Lodging Group Pays $96M for Hotel – GlobeSt.com
GlobeSt.com Thayer Lodging Group Pays $96M for HotelGlobeSt.comThe pricing equates to a 3.7% capitalization rate. Cushman & Wakefield Sonnenblick Goldman served as the exclusive financial advisor to Ashford Hospitality Trust. Built in 1987 and recently renovated at a cost of … Continue reading
BRE Buys 220-Unit Complex for $57M at 5% Cap Rate – GlobeSt.com
GlobeSt.com BRE Buys 220-Unit Complex for $57M at 5% Cap RateGlobeSt.comThe REIT says that the deal closed at a year-one stabilized cap rate of 5.1%. The property, at 24015 Copper Hill Dr., was built in 2009 and comprises 10 three-story, … Continue reading
Dodd-Frank Stands Out on Finance Council’s Radar – GlobeSt.com
GlobeSt.com Dodd-Frank Stands Out on Finance Council's RadarGlobeSt.comThe council is also making it a high priority to ensure that GSE reform supports the commercial real estate finance market and focuses on providing “a stable, counter-cyclical and affordable source of capital … Continue reading
Golden Triangle Refi Pencils in at 6.5% Cap Rate – GlobeSt.com
GlobeSt.com Golden Triangle Refi Pencils in at 6.5% Cap RateGlobeSt.comThe property refinanced at a cap rate between 6% to 6.5%. A recent trade in the same neighborhood–First Potomac's acquisition of 1211 Connecticut Ave. for … and more » read more
HCP Purchases HCR Manorcare’s Real Estate Assets – Morningstar.com
HCP Purchases HCR Manorcare's Real Estate AssetsMorningstar.comThe assets will be triple-net leased to HCR Manorcare at a 7.9% initial capitalization rate with 3%-3.5% contractual rent escalators. … and more » read more
Apartment vacancies at 3-year low in Denver area – Bizjournals.com
Apartment vacancies at 3-year low in Denver areaBizjournals.comThe metro area's average apartment vacancy rate dropped to 5.3 percent in the period from 7.4 percent in 2009's third quarter, and from 6.1 in this year's …Denver-metro apartment vacancies at a three-year … Continue reading
Apartment vacancies at 3-year low in Denver area – Bizjournals.com
Apartment vacancies at 3-year low in Denver areaBizjournals.comThe metro area's average apartment vacancy rate dropped to 5.3 percent in the period from 7.4 percent in 2009's third quarter, and from 6.1 in this year's …Denver-metro apartment vacancies at a three-year … Continue reading
Apt. Sale Price, Partly Driven by Interest Rates – Daily News Article – GlobeSt.com
GlobeSt.com Apt. Sale Price, Partly Driven by Interest Rates – Daily News ArticleGlobeSt.comThe sale price reflected an 8.91 gross rent multiplier, a 6.61% cap rate, $163.50 per gross square foot and a per unit cost of $125416.66. … and more » … Continue reading