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Stock Market & Financial Investment News

News Breaks
June 3, 2014
04:55 EDTLAND, LAND, LAND, KIM, KIM, KIM, FSP, FSP, FSP, VNO, VNO, VNO, ESS, ESS, ESS, DFT, DFT, DFT, ADC, ADC, ADC, SSS, SSS, SSS, SKT, SKT, SKT, MAA, MAA, MAA, AAT, AAT, AAT, TCO, TCO, TCO, CCI, CCI, CCINAREIT to hold a forum
REITWeek 2014: NAREIT Investor Forum to be held in New York on June 3-5.
News For LAND;TCO;AAT;MAA;SKT;SSS;ADC;DFT;ESS;VNO;FSP;KIM;CCI From The Last 14 Days
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December 19, 2014
08:56 EDTVNOVornado completes sale of 1740 Broadway for $605M
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December 18, 2014
17:02 EDTLANDGladstone Land acquires farm at auction for $17M
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07:03 EDTSKTTanger Factory downgraded to Hold from Buy at Stifel
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December 16, 2014
09:59 EDTSKTOn The Fly: Analyst Downgrade Summary
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06:15 EDTSKTTanger Factory downgraded to Neutral from Buy at Citigroup
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December 15, 2014
13:44 EDTTCOTaubman Centers Chief Accounting Officer Esther Blum to retire
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10:44 EDTVNOVornado to complete Urban Edge spin-off by January 2015
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December 12, 2014
09:02 EDTKIMKimco Realty to buy Blackstone 66.7% share stake in portfolio for $925M
Kimco Realty (KIM) announced that its subsidiary has executed a contract to acquire the remaining 66.667% interest in the 39-property Kimstone portfolio from its joint venture partner, a subsidiary of Blackstone Real Estate Partners VII (BX) for a price of $925M, which includes the assumption of approximately $426.7M in mortgage debt. The company will pay approximately $512.3M to acquire BREP’s interest. Kimco will use a combination of proceeds from recently completed and pending property sales in the U.S. and Latin America as well as availability under its existing $1.75B revolving credit facility to fund this transaction which is expected to be completed in the first quarter of 2015. Upon closing, Kimco will own 100% of the portfolio. The portfolio consists of 39 properties totaling 5.6M square feet and is approximately 97% occupied. The properties in the portfolio are concentrated in the core markets of New York, Virginia, Texas, Florida, California, and Maryland. The portfolio has a three-mile average household income level of $92,000 and an average base rent per square foot of $15.83, both of which exceed Kimco’s current portfolio averages.
December 11, 2014
10:13 EDTMAAOn The Fly: Analyst Upgrade Summary
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07:43 EDTTCOUBS to hold a tour
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06:33 EDTMAAMid-America Apartment upgraded to Buy from Hold at KeyBanc
December 10, 2014
10:00 EDTCCIOn The Fly: Analyst Downgrade Summary
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08:30 EDTTCOMitsubishi UFJ to hold a conference
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08:00 EDTCCICrown Castle downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded Crown Castle as the firm expects the company to be negatively impacted by more disciplined capex spending by the carriers.

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