Busy Week For REITS

Two REIT deals to report on this morning. We spoke with Pure Industrial Real Estate Trust president Kevan Gorrie about its growth strategy for 2014. “With the pullback in the fixed-income market, we’ve had to be more patient and selective in raising capital and putting it work,” he tells us. They announced this morning the successful closing of a single-tenant industrial property in Calgary for $12.1M and a portfolio of five industrial properties in Bolton, Stoney Creek, Hamilton, Burlington, and Woodstock for $93M. Then there's Toronto's Inovalis Real Estate Investment Trust, announcing today it's bought an eight-storey, fully let office tower in Duisburg, Germany, in a 50-50 JV with a "global institutional investor" for $67.5M.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Space Race: How The Private Sector's Orbital Aspirations Are Driving CRE On Earth

Tire Titan Acquires 2M SF Illinois Distribution Facility In Deal For Its Decadelong Home

JLL Taps Mark Gibson For Newly Created U.S. CEO Role

Wonderful Real Estate Inks Major Land Deals, Sells 1M SF Facility Near Bakersfield

South Florida Developers Pull Back On Industrial Construction

Power Down: Grid Congestion Stalls Dutch Development

From Precast To Conservation: Addressing Today's Stormwater Challenges

Ireland's AI Funding Boom Helps Drive Down Dublin Office Vacancy Rates

How AI Is Reshaping Brokerage Operations And Investor Portfolios

Meet The Early Movers In America's $3T Push For Manufacturing Construction

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Clarion Hires Prologis Executive To Lead Power Strategy