Buyers want well-located assets occupied by a solid tenant with a long-term lease in place, but limited opportunities are available for that type of trade.
The total transaction value of REIT M&As was $81.75 billion from January to Oct. 4 of this year, compared to $33.37 billion during the same period last year, according to S&P Global Market Intelligence.
Regulations including seismic retrofit requirements and potentially expanded rent control laws are giving San Francisco apartment owners more incentive to sell.
Eric Alini, managing partner of the commercial real estate arm with green REIT Hannon Armstrong Sustainable Infrastructure, talks about green measures’ financial payoff.