REITs raise $750M capital in October, down 99.99% Y/Y

REITs raised merely $750M of capital in October, a decrease of 99.99% from $6.84B in the year-ago period, according to a report by the National Association of Real Estate Investment Trusts. Only 1 capital offering instrument, of secondary debt, was offered during the month, compared to 16 instruments a year ago. Realty Income (O) priced … Read more

Blackstone to sell $400 mn stake in REIT Embassy, ADIA eyes investment

Blackstone will sell a stake worth up to $400 million in Embassy Office Parks REIT, the country’s biggest real estate investment trust, via stock exchange block deals, three sources familiar with the matter told Reuters. Abu Dhabi’s sovereign wealth fund, one of the world’s largest, is likely to pick up at least half of the … Read more