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June 3, 2014
Meetings held with various companies, in conjunction with the NAREIT REIT Conference, will be held in New York on June 3-5.
News For ACC;SNH;MAA;DFT;AVB;BMR;O;PSA From The Last 14 Days
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September 2, 2014
06:08 EDTSNHSenior Housing agrees to purchase 23 medical office buildings for $539M
Senior Housing announced that it has agreed to acquire 23 Class A medical office buildings, or MOBs, for a purchase price of approximately $539M. The 23 properties contain approximately 2.2M square feet and are located in 12 states. The properties are currently 100% occupied for a weighted average term of 9.5 years, with no scheduled lease expiration before December 31, 2018. Seventy-two percent of the rents are payable by tenants with investment grade credit ratings and certain other tenants that are believed to have strong credit qualities but are unrated. SNH currently expects to assume approximately $30M of mortgage debt on two of the MOBs to be acquired and to fund the balance of the purchase price using cash on hand and drawings under its unsecured revolving bank credit facility. On a longer term basis, SNH expects to finance this acquisition with an appropriate mix of debt and equity capital, depending on the cost of such financings and future market conditions. The acquisition GAAP capitalization rate is expected to be approximately 6.4%. The 23 properties will be purchased in connection with the purchase by Select Income REIT (SIR) of Cole Corporate Income Trust.
06:07 EDTSNHSelect Income REIT to acquire Cole Corporate Income Trust for $3B
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August 25, 2014
10:00 EDTMAAOn The Fly: Analyst Initiation Summary
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06:20 EDTMAAMid-America Apartment initiated with a Buy at Mizuho
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August 21, 2014
16:11 EDTDFTDuPont Fabros names James Armstrong as Chief Accounting Officer
DuPont Fabros Technology announced that James W. Armstrong has been promoted to Chief Accounting Officer. Armstrong joined DuPont Fabros Technology at the time of its initial public offering in 2007 as the Director of Financial Reporting. In December 2013, Armstrong was promoted to VP, Corporate Controller.
August 19, 2014
07:56 EDTAVBAvalonBay price target raised to $166 from $150 at Cowen
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