REITs

Activist investor Jonthan Litt owns a stake in Healthcare Realty, which is proposing to buy Healthcare Trust of America Inc.

REIT balance sheets remain strong and management teams believe they are prepared to weather any economic setbacks.

The REIT boosted its bid for Duke Realty Corp. to an all-stock offer of $26 billion from $24 billion.

Close to 5 percent of all the single-family houses that developers started to build in 2022 are planned to be operated as rental houses.

Green Street’s David Bragg discusses how the surge in perpetual capital fundraising is creating ripple effects in the broader commercial real estate market.

On the heels of setting a new record for fundraising in 2021, the sector got off to a blazing start in the first quarter of 2022.

Duke is a highly attractive takeover target, with assets in markets that Prologis covets. But REIT analysts say Duke needs greater incentives to sell.

The proposal values Duke at $61.68 a share, a 29 percent premium to its closing price on May 9, according to a letter from Prologis CEO Hamid Moghadam.

Despite the drop, REITs are outperforming the broader stock market and seem positioned to weather current economic challenges.

Properties in Ohio, Texas and Oklahoma will represent more than 90 percent of Dream Residential’s forecast net operating income.