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REIT Replay: REITs close flat, markets slide further

Real estate investment trusts closed essentially flat, and the broader markets declined further Tuesday, March 13, as President Donald Trump removed U.S. Secretary of State Rex Tillerson from his post.

Office REIT NorthStar Realty Europe Corp. agreed to sell its Maastoren property in the Netherlands for approximately $190 million in a deal slated for completion in the second quarter.

Shares of NorthStar Realty surged 12.09% to end the day at $12.42.

Multifamily REIT BRT Apartments Corp.'s board declared a quarterly dividend of 20 cents per common share, up 11.1% over the company's prior payout.

BRT Apartments shares spiked 9.92% to close at $11.41.

Farmland REIT Farmland Partners Inc. appointed EKS&H LLLP as its new independent registered public accounting firm for the fiscal year ending Dec. 31, replacing PricewaterhouseCoopers LLP.

Shares of Farmland Partners declined 2.80%, closing at $8.34.

Weingarten Realty Investors said James Crownover is not eligible to stand for re-election as a trust manager to the shopping center REIT's board after its 2018 annual shareholder meeting due to an age limit restriction.

Weingarten Realty shares closed 1.35% higher at $27.83.

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