This feature rounds up recent commercial property news and highlights larger deal coverage already published.
* During the second quarter, Essential Properties Realty Trust Inc. invested US$214.4 million in 86 fully leased properties in 23 separate deals and sold 10 properties for US$13.8 million.
* Killam Apartment REIT acquired a 10% stake in a 13.6-acre development site zoned for 829 units in Northwest Calgary, Alberta, for C$2.0 million and agreed to buy its first phase with 233 units for C$55.0 million once completed in 2020.
The company also purchased a 137-site, 22-acre seasonal manufactured home community property in Carleton Place, Ontario, for C$2.0 million, and agreed to buy the 178-unit, 78%-occupied Vibe Lofts property in Edmonton, Alberta, for C$47.0 million, with closing expected in mid-August.
* Morguard Corp. acquired Papilllon Apartments in New Orleans for about C$14.9 million, and Santorini Apartments and Vizcaya Lakes residential properties in Boynton Beach, Fla., for about C$64.2 million and C$25.7 million, respectively, in the second quarter.
* WPT Industrial Real Estate Investment Trust bought an investment property comprising a 124,800-square-foot building and excess land to accommodate a 75,000-square-foot building expansion in St. Paul, Minn., for US$8.3 million. The company also acquired a 335,400-square-foot building and excess land to accommodate a 141,000-square-foot building expansion in Rogers, Minn., for US$20.4 million. WPT also said it expects to complete its US$17.9 million acquisition of a 224,000-square-foot investment property in Louisville, Ky., later in August.
* Summit Industrial Income REIT paid C$29.6 million to buy two properties totaling 227,645 square feet in Calgary, Alberta.
* LTC Properties Inc. entered into a partnership to own a property and develop a 78-unit assisted living and memory care community in Medford, Ore., for US$18.1 million, and agreed to buy an 89-unit independent living community on an adjacent land parcel, with closing expected in the third quarter.
* Phillips Edison & Co. Inc. sold two properties in the second quarter for US$13.4 million.
* Phillips Edison Grocery Center REIT II Inc. acquired an undeveloped outparcel adjacent to a shopping center it owns for US$800,000 during the second quarter.
Additional coverage
China's HNA under scrutiny over NYC building near Trump Tower
American Finance Trust details details Q2 acquisitions
Goldman Sachs Asset Management buys Philadelphia rental portfolio for $170M
Four Corners Property Trust closes $150M purchase of 46 Chili's restaurants