Robert Dietz of the National Association of Home Builders says that growth rates in the housing market could ease somewhat from the pandemic-fueled heights of 2020. Dietz discusses other trends as well, including the potential for some demand to return to urban cores as the vaccine rollout continues.
RPT Realty is launching a net lease retail real estate platform with partners Monarch Alternative Capital, GIC Private and Zimmer Partners. The platform could acquire more than $1.2 billion of net lease retail assets, and 42 single-tenant assets will seed the platform.
CareTrust REIT has acquired four continuing care retirement communities in Southern California with an initial investment of $126.1 million. Two of the campuses will be leased by Aspen Skilled Healthcare as part of a 15-year master lease.
Duke Realty has found a tenant for the entirety of its 274,994-square-foot Lakeside Ranch 350 facility in Flower Mound, Texas. The tenant will be a wireless services and device management solutions business that will use the property as its primary distribution facility for North America.
Boston Properties has issued an $850 million green bond offering -- its third such offering since November 2018. The REIT currently has 28.8 million square feet of green building projects in its portfolio, the vast majority of which are certified as LEED Gold or Platinum.
Initial unemployment claims reached a seasonally adjusted 745,000 last week, a slight increase from the upwardly revised tally of 736,000 in the previous week. Continuing claims declined 124,000 to fall just under 4.3 million.
Fund managers have differing views about which companies are truly sustainable as well as whether ESG stocks are currently overvalued or undervalued. Part of this disagreement is due to a lack of shared definitions, but it also serves as a reminder to exercise a degree of caution when reviewing predictions about the future, writes James Mackintosh.
Signet Jewelers is offering facial piercings at its Piercing Pagoda kiosks in malls and company officials believe it will attract customers to malls. Shopping centers are family friendly and give the company an advantage, according to Barry Gresky, Piercing Pagoda's vice president of operations, administration and piercing services.
Fundraising for public non-listed REITs could climb to $15 billion for the year, according to Robert A. Stanger & Co., which noted robust activity in December and January. Concerns about the pandemic put a dent in fundraising last year, which ended at $10.8 billion, 8.5% below 2019's total.