This feature rounds uprecent property news from covered companies and highlights larger deal coveragealready published.
* Gramercy PropertyTrust Inc. sold a 540,867-square-foot multitenant office property inBlue Ash, Ohio, in the first quarter for $87.0 million.
* Regency CentersCorp. offloaded three wholly owned properties and three co-investmentproperties during the first quarter for an aggregate gross sales price of $78.3million, with the company's share being $38.6 million.
In the same period, the company also bought the Garden City Parkproperty in New York on a wholly owned basis for a gross purchase price of $17.3million. Regency intends to begin redevelopment on the unencumbered property withinthe next 60 days.
It also started TheMarket at Springwoods Village, a 170,000-square-foot center in Houstonwithin the master-planned community of Springwoods Village.
* Agellan CommercialREIT closed the sale of a 45,000-square-foot multitenant retail plazaat 195-215 Rue Bellehumeur in Gatineau, Quebec, to a third-party buyer for approximatelyC$9.2 million before closing costs.
The sale price represents an in-place capitalization rate ofroughly 7.2%.
* Medical PropertiesTrust Inc. completed the construction of a 40-bed, 48,500-square-footrehabilitation hospital in Toledo, Ohio, in the first quarter for a total investmentof approximately $19 million. The facility is operated by Ernest Health.
In the same period, the company also completed the constructionof five Adeptus First Choice ER facilities at an aggregate cost of approximately$22.3 million, and commenced rent.
Medical Properties noted that, at the end of the quarter, itwas collecting rent from 40 Adeptus facilities, with seven more under constructionand six undergoing preconstruction diligence reviews.
* STAG IndustrialInc. sold two buildings encompassing 176,580 square feet for $4.1 millionsubsequent to the end of the first quarter. It also entered into four contractsto offload another four buildings consisting of 382,603 square feet for $13.6 million.
The company, in reporting its first-quarter results, said thetransactions are in addition to the property acquisitions and sales for the quarteroutlined previously.
* Strategic StorageTrust II Inc. recently acquired a four-building self-storage facilityin Miami-Fort Lauderdale-West Palm Beach in Florida. The Port St. Lucie facilitytotals approximately 530 units and 53,100 rentable square feet. It is spread over3.56 acres of land and is approximately 97% occupied.
H. Michael Schwartz, the company's chairman and CEO, said ina release that Strategic Storage targeted the facility owing to its high occupancylevel and "solid" location.
* National HealthInvestors Inc. completed its previouslyannounced transaction to enter into a new 15-year master lease withThe Ensign Group Inc. affiliates for 15 skilled nursing facilities in Texas totaling1,806 beds for an initial annual amount of approximately $17.8 million, plus anannual escalator based on inflation.
Under a transitional lease arrangement with its former tenant,Legend Healthcare, NHI separately offloaded two skilled nursing facilities in Texastotaling 245 beds to Ensign for $24.6 million.
NHI said it has further committed to acquire four skilled nursingfacilities in Texas from Legend for $56 million. The company will lease the facilitiesto Ensign. The facilities are in various stages of development and the purchasewindow for the first facility is expected to open in 2017.
* LanesboroughReal Estate Investment Trust completed the sale of Willowdale Gardens, an 88-suite apartment propertyin Manitoba, for C$9 million. The sale generated net cash proceeds of approximatelyC$6 million after repayment of the first mortgage loan and the standard closingcosts and adjustments.
The company also wrapped up the previously announced C$23 million sale of , a 120-suite apartmentproperty in Yellowknife in Canada's Northwest Territories. The sale resulted innet cash proceeds of approximately C$3.4 million after the assumption of the C$15.6million existing first mortgage loan by the buyer and C$4 million vendor take-backfinancing provided by Lanesborough.
Macerich reportsQ1 results, details sale of Capitola Mall: The mall REIT sold CapitolaMall in Capitola, Calif., for $93 million subsequent to quarter-end.
Summit Hotel picksup 2 Marriott hotels for $109M: In connection with the deals, the companyalso entered into management agreements with Interstate Hotels & Resorts forboth hotels.