Real estate investment trusts and the broader markets showed little movement Thursday, June 7, even as investors worried about a potential rift over trade and tariffs at the forthcoming G-7 summit in Quebec City.
Healthcare REIT Medical Properties Trust Inc. agreed to sell a 50% stake in a German portfolio of 71 post-acute hospitals under a joint venture it established with France's Primonial Group for roughly €1.14 billion in projected proceeds.
Medical Properties shares rose 1.35% to close at $13.84.
Industrial real estate investment trust Summit Industrial Income REIT signed deals to purchase a five-property Canadian warehouse and logistics portfolio for roughly C$127 million and kicked off a C$100 million bought-deal unit offering to partly finance the purchases.
Summit Industrial shares dipped 2.58% to close at C$8.68.
Residential REIT Northview Apartment REIT agreed to buy a six-property apartment portfolio from Starlight Group Property Holdings Inc. affiliates for around C$151.8 million.
Northview Apartment shares dropped 3.48% to close at C$26.06.

REITWeek 2018 coverage
Conference Chatter: Store openings by digitally native brands picking up, Macerich exec says: EXTRA At REITWeek, incoming CEO Tom O'Hern described leasing activity among the latest generation of online retailers as "relatively modest" but building momentum.
Conference Chatter: Interest rates will rise 'very slowly, very deliberately,' Zell says: EXTRA At REITWeek in New York, real estate mogul Sam Zell said widespread underemployment betrays underlying weakness in the market, and trepidation about rising rates likely has stanched the flow of go-private deals.
