trending Market Intelligence /marketintelligence/en/news-insights/trending/Pvh8p8-OpAbn7VzY0bF8Yw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Morgan Stanley takes crown in 2019 REIT M&A league table

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Morgan Stanley takes crown in 2019 REIT M&A league table

Morgan Stanley ended 2019 as the lead M&A financial adviser to real estate investment trusts, in terms of deal credit.

The firm, which stood atop the ranking at the end of the third quarter, advised on three additional deals in the fourth quarter, bringing its annual deal credit total to $25.52 billion across five deals.

It advised Prologis Inc. in its acquisition of Liberty Property Trust; Carey Watermark Investors 2 Inc. in its merger with Carey Watermark Investors Inc.; and The Blackstone Group Inc. in its purchase of Dream Global REIT. Earlier in the year, Morgan Stanley advised Cousins Properties Inc. in its acquisition of TIER REIT Inc. as well as Industrial Property Trust Inc. in its sale to Prologis.

Three other firms scored deal credit of more than $10 billion, including Bank of America Securities with $19.11 billion in deal credit across three deals; Goldman Sachs & Co. LLC with $13.43 billion in deal credit across two transactions; and Citigroup Global Markets Inc. with $12.92 billion in deal credit, also on two deals.

The equity REIT deal count and credit totals were, on the whole, significantly lower than the 2018 figures.

Wachtell Lipton Rosen & Katz was the top legal adviser by deal credit, with $14.66 billion at year-end. The firm advised Prologis in its purchase of Liberty Property Trust as well as Cousins in its acquisition of TIER REIT.

Morgan Lewis & Bockius LLP and Hogan Lovells rounded out the top three legal advisers, with deal credit of $12.33 billion and $9.35 billion, respectively.

SNL Image