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Tag Archives: REITs

Bethesda REITs converge: Pebblebrook has $5.2B deal to buy LaSalle

In this Sept. 24, 2013, file photo, freshly-cut stacks of $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas.(AP Photo/LM Otero, File)

Six months after making an unsolicited takeover bid, and after its target rejected multiple offers and made a deal to be bought by an investment fund, a Bethesda hotel real estate investment trust has a deal to buy another Bethesda hotel REIT.

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Warehouse, infrastructure bucking sluggish REIT market

Shoppers take a break at the Garden State Plaza mall, in Paramus, N.J. Real estate investment trusts are lagging the broader market this year, weighed down by struggling malls and weak growth in other sectors.  But warehouse, data center and other types of REITs are bucking the trend. (AP Photo/Julio Cortez, File)

While the broader stock market has been steadily racking up gains and posting new highs, companies that own real estate have been lagging, with some notable exceptions. Losses by struggling mall and shopping center owners have weighed on real estate ...

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Rockville REIT announces sale of assets

Washington Real Estate Investment Trust, a Rockville-based REIT that owns commercial and multifamily properties in the Washington area, said it has contracted to sell its entire, 17-building medical office building portfolio, as well as two suburban Virginia office buildings and a land parcel, to an unidentified buyer for $500.75 million.

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