First Potomac Realty Seeks Market Leader Role in Washington Area Office Market

August 08, 2014 ·

REIT seeking high-quality assets in amenity-rich areas.

REIT Bondholders Benefitting from Strong Corporate Governance, Fitch Ratings Finds

August 06, 2014 ·

Most U.S. Equity REITs have strong corporate governance attributes that benefit bondholders, and they should ease their concerns about the impact of investor activism, according to a report from ratings agency Fitch Ratings, Inc.

Based on its review of 64 U.S. Equity REITs, Fitch concluded that “corporate governance is pretty strong for bondholders in the REIT space,” said Sean Pattap, a senior director at Fitch. “The positives outweigh the negatives,” he added.

NorthStar Realty Finance Plans to Acquire Griffin-American Healthcare REIT for $4 Billion

August 06, 2014 ·

Diversified commercial real estate investment company NorthStar Realty Finance Corp. (NYSE: NRF) said Aug. 5 that it plans to acquire Griffin-American Healthcare REIT II, Inc., a public, non-listed REIT (PNLR),  in a stock and cash transaction totaling $4 billion.

The transaction is expected to close in the fourth quarter. Under the terms of the deal, Griffin-American stockholders will receive $7.75 per share in cash and $3.75 per share in NorthStar Realty common stock. As part of the deal, NorthStar would assume $600 million in debt from Griffin-American.