Davis Property and Investment’s Post

NEPI Rockcastle’s net operating income (‘NOI’) rose 23% in the first nine months of 2023 (‘9M 2023’) to 365 million Euro, versus the same period of 2022, continuing the robust pace of growth since the end of the Covid pandemic. The main drivers of the strong performance were a combination of tenant sales performance and the contribution of the acquisitions completed in 2022. Rudiger Dany Benjamin Bettoun #shoppingcenter #retail #placemaking #opening #newconcepts #ESG #retailrealestate @

The Competition Commission has approved Cosmo Properties’ proposed acquisition of neighbourhood shopping centre Bryanston Shopping Centre from Redefine Retail, a subsidiary of Redefine Properties, with conditions. #reit #acquisition #competitioncommission #competitionlaw #commercialrealestate #propertyfund #assetmanagement #shoppingcentre #realestateinvestment #retailrealestte #listedcompanies #realestateinvestor #propertyowners #realestatenews #landlords #propertynews

I took the time to compile all available self-storage REIT occupancies: Same Store, Non-Same Store, New Acquisitions & Developed (in-lease up), JVs. The weighted avg SF occ of 9,789 is 87% occupied. That data set is excluding 1,362 stores, predominantly third-party managed deals, where no occupancy data was available. Very interesting to see how the different REITs bifurcate same store data, and the occupancies available. They all have various methods.

The Competition Commission has approved Cosmo Properties’ proposed acquisition of neighbourhood shopping centre Bryanston Shopping Centre from Redefine Retail, a subsidiary of Redefine Properties, with conditions. #reit #acquisition #competitioncommission #competitionlaw #commercialrealestate #propertyfund #assetmanagement #shoppingcentre #realestateinvestment #retailrealestte #listedcompanies #realestateinvestor #propertyowners #realestatenews #landlords #propertynews

RioCan Real Estate Investment Trust completed $157.1 million of acquisitions in the first quarter of 2024, reported Connect CRE. "The acquisition amount includes a $40.9-million deferred density payment, to be paid as various development milestones are met, said RioCan in a news release accompanying the REIT’s quarterly report." "Toronto-based RioCan said it also leased out 1.33 million square feet of space, including 482,000 sf tied to new deals. The leases include several grocery tenancies." "Meanwhile, the REIT re-leased six of 10 locations that were vacated due to two tenants’ business failures in the previous quarter. RioCan did not identify the tenants but they were known to be Bad Boy Furniture and rooms + spaces." https://lnkd.in/d_zur26u #canada #retail #leasing #sales

JUST BOUGHT • Strategic Development Site Acquisition We’re pleased to announce a strategic off-market acquisition of a development site, purchased for $1,215,000. Led by the expertise of Benjamin GENEST, our team has once again demonstrated our proficiency in identifying and securing prime development opportunities. 🏡 Development Site Details: $1,215,000, 1085sqm 🔹 Key Strategy: Off-Market Purchase This 1085sqm site represents a significant opportunity in the current market, particularly given its acquisition through off-market channels. Our ability to secure such valuable properties off-market is a testament to our deep market knowledge and strong industry connections. The acquisition of this development site is not just a transaction; it’s a strategic move. It showcases our commitment to helping investors and developers capitalize on high-growth opportunities in the Brisbane property market. Our team’s foresight and negotiation skills were key in closing this deal, ensuring our client can move forward with their development plans with confidence. We extend our thanks to Andrew Boman & Michael Bagnal from Ray White Mount Gravatt for their collaboration on the sell side. Their cooperation was instrumental in making this acquisition a success. At Cohen Handler, we specialise in identifying and acquiring development sites that offer significant growth potential. We understand the nuances of the Brisbane real estate market and use this insight to guide our clients towards profitable investments. Jordan Navybox - Buyer's Agent Simon Cohen Cohen Handler 🔑 #DevelopmentSiteSuccess #OffMarketExpertise #CohenHandlerQLD #StrategicPropertyAcquisition #RealEstateDevelopment #BrisbaneInvestment #MarketSavvy #PropertyGrowthOpportunities #RealEstateGoalsAchieved

PrimeSource Building Products, a North American provider of specialty branded residential building products backed by Clearlake Capital Group, L.P., announced today that it has acquired Cobra Anchors a provider of branded hollow-wall, universal, and masonry anchors. The transaction is PrimeSource Brands’ fifth acquisition since partnering with Clearlake in December 2020. Based in Montreal, Quebec, Canada, Cobra offers a portfolio of over 1,000 SKUs focused on hollow-wall, universal and masonry anchors. The combination with Cobra enhances the PrimeSource Brands portfolio of branded products and expands the Company's reach into the home center, lumberyard and specialty retail channels. "In partnership with the PrimeSource Brands team, we continue to deploy our O.P.S.® playbook to capitalize on the Company's footprint and logistics network and channel reach by expanding the branded product portfolio across residential building product applications,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner, of Clearlake. “We look forward to continuing our exciting growth trajectory with both organic and acquisition initiatives going forward." #PrivateEquity #Investment #Acquisition #Growth #BuildingMaterials #PrimeSourceBuildingProducts #CobraAnchors https://lnkd.in/gtG8biNM

Single-family rental (SFR) operators are actively exploring alternative acquisition strategies due to low resale inventory and high borrowing costs, moving beyond their traditional reliance on one-off resale homes. Our latest Burns Single-Family Rental Survey reveals a significant shift in acquisition methods. ·        In 4Q22, only 7% of SFR rental acquisitions were new homes acquired directly from builders. ·        In 4Q23, this stat rose to 43% of SFR acquisitions were new homes acquired directly from builders. ·        Resale acquisitions fell from 46% to 31% over the same time frame. #JBREC #SFR

NEWS: Martin's Properties announces the acquisition of a development site on Abingdon Road in Didcot, Curtis Industrial Estate in Oxford and a retail unit in Wantage, for just over £12m in total. Richard Bourne, CEO of Martin's Properties comments: “We have been patient with the deployment of our capital over the past 12 months – instead focussing on developing and managing our current £400m portfolio, which now has close to zero vacancy rate and rental income up from £16m to £18m. We are now looking to harness our firepower and availability of cash by deploying a further £30m into development,and lending opportunities in strong locations across London and Southern England. We are actively looking for further opportunities and JV partners as we seek to meet our ambitious growth plans through investing in strategic investment and development sites as well as lending an#d sourcing, managing and developing assets for third parties.” Read the full story here: https://lnkd.in/eiqA5JD6 #property #martins #acquisitions #deals #development #industrial #retail #didcot #oxford #wantage

U.S. shopping center REIT Kimco Realty has secured a $1.4 billion refinancing deal, indicating strong investor confidence in the sectors resilient rebound. 🏬💰 Coupled with a focus on core grocery-anchored assets and a prudent capital management strategy, Kimco's latest success demonstrates the sustained potential for growth in retail real estate investments. 📈🛍️ Key takeaway: As economies gradually recover from the pandemic, well-located, high-quality properties continue to generate interest and attract healthy financing deals. Stay ahead of the curve by exploring commercial real estate opportunities now. 🔍🌆 #commercialrealestate #retailrealestate #commercialmortgagebroker #REITs #investments #financing-deals