“Given the investor caution, it does not look like we’re going to achieve our original top-tier pricing objective,” Steven Roth told investors.
The outcomes of several other ballot measures were decided, including legalization of medical and recreational marijuana in several states.
Rescuing struggling malls will be unusually complicated because of byzantine webs of financing.
Buchanan Street Partners plans to spend $350 million to $500 million to buy and build in the sector.
“We would definitely be interested,” MGM’s CEO James Stewart told investors on Monday.
The REIT sold a stake in the retail properties in 2019 and retained a 51 percent equity interest in the assets that were then valued at $5.6 billion.
A unit of the private equity firm is acquiring a roughly 90 percent interest in the real estate for eight single-tenant data centers in Northern Virginia.
Reef and Oaktree’s infrastructure arm have formed a Neighborhood Property Group to acquired strategic real estate assets.