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REIT Replay: Markets close mixed, REITs recede

The Dow Jones Industrial Average closed higher and the S&P 500 lost ground, while real estate investment trusts slid Thursday, March 15, amid investor concerns over trade policy and special counsel Robert Mueller's investigation into the Trump Organization.

Industrial Property Trust Inc. brought on an investment bank to help it evaluate strategic alternatives, including a company sale or equity recapitalization, Reuters reported.

The nontraded industrial real estate investment trust owns a portfolio worth roughly $3.3 billion.

Mack-Cali Realty Corp. CEO Michael DeMarco was appointed to the office REIT's board of directors, increasing the board's size to 10 members, amid several changes to corporate governance.

In addition to the appointment, the company amended its bylaws to expand shareholder access to bylaw amendments and implemented a true-majority voting standard for director elections.

Shares of Mack-Cali slipped 0.11% to close at $17.46.

Realty Income Corp. amended its bylaws to add provisions expanding stockholder access to bylaw amendments and director nominations.

Under one amendment, qualifying stockholders, or a group of up to 20 stockholders, who have owned at least 3% of the company's stock for at least three years may nominate board members, while another amendment allows shareholders to amend the bylaws in certain circumstances via a majority vote.

Realty Income shares gave up 0.49%, ending the day at $51.14.

New Senior Investment Group added David Milner to its board of directors, increasing the size of the body to eight.

Shares of the seniors housing-focused REIT dipped 0.12% to $8.01.

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