Real estate investment trusts and the broader markets saw gains Tuesday, Oct. 10, as the Dow Jones Industrial Average closed at yet another new high.
The MSCI US REIT Index (RMZ) rose 0.27% to 1,162.77, and the SNL US REIT Equity Index gained 0.22% to 316.29. The Dow Jones Industrial Average added 0.31% to 22,830.68, while the S&P 500 climbed 0.23% to end the day at 2,550.64.
Equinix Inc. closed its €215 million all-cash deal to acquire Carlyle Group LP's Itconic data center business in Spain and Portugal, and the company's Cloudmas subsidiary.
Equinix shares rose 0.13%, closing at $451.89.
Kennedy Wilson Europe Real Estate's shareholders approved a takeover of the company by Kennedy-Wilson Holdings Inc.
Kennedy Wilson Europe's shares slipped 0.18% to close at £11.10, while Kennedy-Wilson's shares rose 0.79% to close at $19.05.
Toronto’s Starlight Investments Ltd teamed up with Canada's Public Sector Pension Investment Board and Alberta Investment Management Corp. to purchase US$1.3 billion worth of class A multifamily properties in the U.S.
Vantage Data Centers plans to spend $1 billion to build a new data center campus in Ashburn, Va.
Jack Resnick & Sons secured a $125 million loan from Prudential Asset Resources to refinance the commercial portion of its Symphony House building in New York City, The Real Deal reported.
Equus Capital Partners Ltd closed its deal to unload a 22-property multifamily portfolio in Pennsylvania for $467 million.
Nicholas Radesca, CFO, secretary and treasurer of American Finance Trust Inc. and interim CFO and treasurer of ARC New York City REIT Inc., will resign from the company effective Nov. 15, following his decision to retire. Katie Kurtz will replace Radesca at both companies.
Also effective Nov. 15, Christopher Masterson will replace Nicholas Radesca at Global Net Lease as its new CFO, secretary and treasurer.
Global Net Lease shares were up 0.92%, closing at $22.04.
KBS Growth & Income REIT Inc. deregistered roughly $1.50 billion of the class A and class T common stock it had originally registered in its primary offering. The company will continue to offer shares under its distribution reinvestment plan.
Summit Healthcare REIT Inc.'s board recommended that shareholders reject MacKenzie Realty Capital and its affiliates' unsolicited mini-tender offer to purchase up to 330,000 of the company's shares for roughly $1.34 apiece.
General Cannabis Corp. closed a private offering that netted the company $725,000 in cash.
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