This feature rounds uprecent property news from covered companies and highlights larger deal coveragealready published.
* NorthWest HealthcareProperties REIT wrapped up the acquisition of the 60-bed Hospital Iforin Sao Paulo for C$25.7 million and also waived due diligence conditions on thepurchase of the 234-bed Hospital Santa Helena in Brasilia for C$117.0 million.
Concurrent with the purchase of Hospital Ifor, private hospitaloperator Rede D'Or entered into a new, fully net 25-year lease at the property,with three 25-year renewal options.
NorthWest expects the acquisition of Hospital Santa Helena tobe completed during the third quarter. Concurrent with closing, Rede D'Or will enterinto a new, fully net 25-year lease at the hospital, with three 25-year renewaloptions.
* Gramercy PropertyTrust Inc. said Gramercy Property Europe plc bought a 198,000-square-footlogistics facility in Frechen, Germany, for roughly €10.4 million. The cross-dockbuilding is leased through July 2025 to a unit of Germany's largest supermarketchain.
* Four CornersProperty Trust picked up six Pizza Hut restaurants in the Chicago-Naperville-ElginMSA in Illinois and Indiana in a sale-leaseback deal worth $5.7 million. The companyused cash on hand to purchase the restaurants, which are fully occupied under 20-yeartriple-net leases and a 7.2% average going-in cash cap rate, excluding transactioncosts.
* Emmis Communications renewed and extended its lease and licensesat Empire State Realty Trust Inc.'sEmpire State Buildingin New York. The deal with three Emmis-owned FM radio stations at the building isfor 16 years.
SL Green signsnew leases with Bloomberg, Omnicom: The leases are for expansion andrenewal spaces at two of the company's office towers in Manhattan, N.Y.
Lexington Realtysecures $197.2M mortgage loan against Texas project: The four-buildingproject is expected to be substantially completed in the fourth quarter and willbe fully occupied by The Dow Chemical Co. for a 20-year term.
Equity LifeStylesigns $88M mortgage loans, buys 2 assets in Q2: The company also providedFFO guidance for the third quarter and full year.
Consolidated-Tomokaconcludes strategic review with no sale: The company will proceed withits existing business plan following the completion of the review.
LaSalle Hotel completes2 asset sales in July for $245M: The company used the sale proceedsto reduce borrowings on its senior unsecured credit facility and for general corporatepurposes.
EastGroup pays$32M for 4-building complex in Texas: The company also offloaded a 7-acreland in Houston and an 8-acre land in Dallas in separate deals.
Urstadt Biddlelaunches common stock offering, buys Conn. shopping center: The companyplans to make a public offering of 2,750,000 shares of its class A common stock.
Brandywine sellsVa. office portfolio for $44.5M: The company also acquired a developmentsite in the southwest market of Austin, Texas.