Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
Although June's month-over-month gain is below the average increase in CMBS delinquencies seen during 2010, Trepp's Manus Clancy says we'll see the rate moving “somewhat higher through the rest of the summer.”
The deal entails acquiring 36 Kindred-leased skilled nursing facilities from Ventas, bringing the healthcare REIT's exposure down to 1% of its total business.
“While commercial real estate pricing appeared to be rebounding earlier this year, recent declines show a market struggling to cope with various economic uncertainties,” says Ten-X's Peter Muoio.
The Canada Pension Plan Investment Board's Parkway Inc. acquisition follows its participation in a joint venture for 11 of the REIT's properties two months ago.
Nearly 2,200 Rite Aid locations will make the transition to the Walgreens brand, with the stores coming into the Walgreens Boots Alliance fold on a phased basis.