Apple REIT Six to Merge with Blackstone Affiliate in $1.2B Deal . Less than one month after rejecting an unsolicited tender offer by a group led by MacKenzie Capital Management, Apple REIT Six has ... A Blackstone Group LP affiliate agreed to buy Apple REIT Six Inc., a real estate investment trust focused on hotels, in a $1.2 billion deal as the private- equity firm expands its hospitality ... Blackstone Real Estate Income Trust, Inc. (BREIT) is a non-traded REIT that seeks to invest in stabilized commercial real estate properties diversified by sector with a focus on providing current income.
A Blackstone Group LP affiliate agreed to buy Apple REIT Six Inc., a real estate investment trust focused on hotels, in a $1.2 billion deal as the private-equity firm expands its hospitality holdings. The nontraded-REIT party is getting ready to kick off as Apple REIT Six Inc. said yesterday that its shareholders had approved a definitive merger agreement with BRE Select Hotels Corp., an ... BXMT | Complete Blackstone Mortgage Trust Inc. Cl A stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Investors Beware!! In my opinion, the pending sale of Apple Reit Six to Blackstone is not in your best interests. If you have shares in apple six, as I do, beware of the sale. What they are offering is a fire sale. Investors who want to get their money out, do not look at the price. This was an illiquid investment that cost $11.00 per share. It ... Blackstone Group's record-breaking $18.7 billion bet on 179 million square feet of U.S. warehouse space is a bet on the future of online shopping as companies like Amazon and Walmart compete for ...
Apple REIT Six Signs a Definitive Merger Agreement with an Affiliate of Blackstone Real Estate Partners VII Contacts Apple REIT Six, Inc. Kelly C. Clarke, 804-727-6321 Apple REITS, a real-estate company making headlines for its link to a regulator's lawsuit, got some good news with the sale of 66 hotels to Blackstone Group for $1.2 billion.
Private equity players are likely to become the most active buyers in the hotel investment market, following Blackstone's $1.2 billion acquisition this week of Apple, a hotel REIT that owns bran Blackstone converted from a publicly traded partnership to a corporation on July 1, 2019. Shareholders who purchased shares of BX on or after July 1, 2019 will no longer receive K-1 tax forms with respect to those shares. IRS Form 8937 related to the conversion is now available here.
A Blackstone Group affiliate is to buy Pure Industrial Real Estate Trust in an all-cash deal valued at about C$2.48 billion ($2 billion), the Canadian REIT said on Tuesday. News; Blackstone REIT Forms Joint Venture with Publicly-Traded REIT to Buy $265 Million Portfolio. Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), has formed a joint venture with publicly-traded REIT, Corporate Office Properties Trust (NYSE: OFC).
Public REITs are represented by the MSCI U.S. REIT Index. The MSCI U.S. REIT Index is a free float-adjusted market capitalization index that is comprised of equity REITs. Indices are meant to illustrate general market performance; it is not possible to invest directly in an index. Indices are meant to illustrate general market performance; it is not possible to invest directly in an index. And now it’s official – a major acquisition in the REIT Lodging space, as The Blackstone Group L.P. (BX) announced this morning that it’s buying LaSalle Hotel Properties (LHO) for $33.50 a ... The Investing News Source for Financial Advisers. How proposals to tax more wages could boost Social Security benefits — or not
Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality’s portfolio consists of 232 hotels with approximately 29,800 guest rooms located in 87 markets throughout 34 states. Contact information for BREIT. Your Vote is IMPORTANT! Vote your proxy online or by phone by dialing (800) 690-6903. Find the latest The Blackstone Group Inc. (BX) stock quote, history, news and other vital information to help you with your stock trading and investing.
Commercial Property Executive "Less than one month after rejecting an unsolicited tender offer by a group led by MacKenzie Capital Management L.P., Apple REIT Six Inc. has signed a deal to be acquired by BRE Select Hotels Corp., an affiliate of Blackstone Real Estate Partners VII. The price tag on the merger agreement is a whopping $1.2 billion." Blackstone Buys Gramercy Property Trust for $4.42 Billion At $27.50 a share, the offer represents a 15% premium to Gramercy’s Friday closing price
Nareit ® is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. A groundswell of activity in the Manhattan office market was reported just prior to the Labor Day holiday, making the Big Apple skyline a perfect backdrop for what could become the biggest REIT ...
Blackstone ist ein Unternehmen aus der Branche Unternehmensbeteiligungen aus den USA. Unternehmen aus der Peer Group von Blackstone sind INDUS AG, Affiliated Managers Group Inc., Brookfield Asset ... Dream Global Real Estate Investment Trust said funds managed by Blackstone Group Inc would buy the Canadian firm in a C$6.2 billion ($4.69 billion) deal.
This website has been established to provide general information related to the proposed settlement of the case referred to as Apple Hospitality REIT, Inc. Settlement. Blackstone, K Raheja to launch Rs 3,000 crore REIT Embassy Office Parks REIT, where too Blackstone is a shareholder, listed its units in April 2019, after an IPO where it raised Rs 4,750 crore.
In addition to leading the Brixmor and Extended Stay Hotels IPOs, he was directly involved with and led investments across all sectors, including Blackstone’s investment in malls through General Growth Properties, limited service hotels through Apple REIT 6 and Extended Stay Hotels, luxury hotels through Hotel del Coronado, shopping centers ... Blackstone To Acquire Apple REIT Six By Hotel Business on December 4, 2012 Ownership NEW YORK—An affiliate of the Blackstone Group private equity firm has agreed to acquire Apple REIT Six, Inc ... The common stock information provided is for informational purposes only and is not intended for trading purposes. The common stock information and charts are provided by TickerTech, a third party services and The Blackstone Morgage Trust, Inc. does not maintain or provide information directly to this service.
As the exclusive underwriter for Apple REIT Six, David Lerner Associates' clients invested $1 billion in the program. Apple REIT Six consisted of 68 extended-stay, full service and select-service hotels in 18 states. Blackstone to acquire Dream Global REIT for $6.2B. Dream Asset Management, the asset manager, will receive $395.2M as part of the transaction… Dream Global REIT (DRG-UN-T) says it has an agreement to be acquired by affiliates of U.S.-based real estate giant Blackstone in an all-cash transaction valued at $6.2 billion (all figures Canadian). The deal values Dream Global at $16.79 per share,
Blackstone Real Estate Income Trust is a public non-listed REIT designed to provide individual investors with access to Blackstone’s leading institutional real estate investment platform. BREIT will seek to directly own stabilized income-generating U.S. commercial real estate across the key property types. Apple REIT. Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest portfolios of upscale, select service hotels in the United States. The Company's portfolio consists of 236 hotels, with over 30,000 guestrooms. A Blackstone Group affiliate is to buy Pure Industrial Real Estate Trust in an all-cash deal valued at about C$2.48 billion ($2 billion), the Canadian REIT said on Tuesday.
A Blackstone Group affiliate agreed to buy Apple REIT Six, a real estate investment trust focused on hotels, in a $1.2 billion deal. The price includes transaction costs and debt, Apple REIT Six ... The deal also signals Blackstone’s growing interest in Canadian REITs. In early 2018, the American company acquired Pure Industrial REIT, which owned industrial properties across Canada and ... Blackstone REIT Triples Industrial Holdings With $1.8 Billion Deal By . Noah Buhayar, Portfolio includes 146 warehouses and distribution centers In age of Amazon, urban industrial property is the ...
Apple – no, not this Apple – (REIT Six) is raking in cash. And so is it’s top executive. As announced recently, Blackstone struck a deal to acquire Glade Knight’s Apple REIT Six for $1.15 billion or approximately $150,000 per room. Apple REIT Six is comprised of 66 upscale, extended-stay and select-service hotels or 7,658 rooms of mostly Hilton (Hilton Garden Inn, Hampton Inn and ... News zur BLACKSTONE GROUP AKTIE und aktueller Realtime-Aktienkurs Investing In The Alternative Asset Management Industry? Go For KKR Over Blackstone And Apollo The Blackstone Group Inc. is an American multinational private equity, alternative asset management, and financial services firm based in New York City. As the largest alternative investment firm in the world, Blackstone specializes in private equity, credit, and hedge fund investment strategies. ...
REIT trade group issues valuation guidelines The Investment Program Association issued guidelines today that addressed the thorny issue of how to place a value on nontraded real estate investment ... Blackstone Group launched its first non-traded real estate investment trust and is looking to raise $5 billion from investors.The new REIT, dubbed Blackstone Real Estate Income Trust, will focus o
Roughly $1 billion wouldn’t be enough to start taking over hotel REITs, he said, so Blackstone could target single assets or small groups of properties. “It doesn’t make Chesapeake (Lodging Trust) or Apple (Hospitality REIT) or Hersha (Hospitality Trust) acquisition targets,” Bellisario said. Blackstone's Bonanza. The deal is Blackstone's second recent REIT takeover. Earlier this month it acquired commercial real estate fund Gramercy Property Trust for around $4 billion in cash.. Blackstone's proposal for LaSalle comes days after it checked out of Hilton Worldwide, selling the last of its shares. Many reports tag Blackstone's gain ... News; Blackstone REIT Declares Monthly NAV Per Share. Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), updated the monthly net asset values for its Class S, Class I, Class D and Class T shares of common stock, as of December 31, 2019.