Brookfield reached an agreement to acquire Watermark Lodging Trust in a deal that would be $3.8 billion. The New York Post reports that major New York City office tenants have been renewing leases, but quietly cutting back on space. These are...
Firms are footing the extra cost to drive demand for their deals and ensure they get them over the line.
Despite the drop, REITs are outperforming the broader stock market and seem positioned to weather current economic challenges.