Columbia Property Trust's 1800 M St., in Washington DC
Two separate REITs are exploring strategic alternatives for two entirely separate reasons — both of which are indicative of larger trends in the industry.
One is CNL Healthcare Properties II, which cited “a challenged environment for broker-dealers and non-traded REIT formats,” as it announced that its board of directors has decided not to pursue a follow-on offering and to close the current equity offering effective Oct. 1, 2018. Instead it is now exploring a sale.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
