eResearch

Property Owners and Brand Management Firms Partner Up to Acquire Assets of Bankrupt Retail Brands at Steep Discounts

August 24, 2020 Jay Yi

SPG attempts to buy J.C. Penney and ABG raises $600 million to acquire distressed retail brands, while SPG and ABG’s JV called SPARC Group makes moves to win bids on bankrupt retail assets, including Brook Brothers and Lucky Brand. [more]

REITs – National Retail Properties, Macerich, and RioCan Report Q2/2020 Earnings as COVID-19 Significantly Impacts Profits

August 13, 2020 Jay Yi

The commercial real-estate market was significantly impacted by the COVID-19 pandemic, leaving retail businesses and tenants unable to pay rent as sales dried up. As tenants vacate stores, the U.S. outdoor shopping center market net absorption reached a record low of negative 7.7 million square feet. [more]

REIT Stock Prices Drop to Financial Crisis Levels as Revenue Stalls and Expenses Pile Up

April 13, 2020 Jay Yi

In Q1/2020, REITs have fallen more than 25% in market value, with segments such as “regional malls” dropping as much as 60%. [more]

BlackRock Acquires Europe Focused REIT for $3.3B to Take Advantage of Negative Interest Rates

September 18, 2019 Jay Yi

BlackRock announced the acquisition of Dream Global Real Estate Investment Trust, a Canadian Real Estate Investment Trusts (REIT) focused on European property, primarily in Germany and the Netherlands [more]