An industry veteran of more than three decades' standing, Stettinius most recently was named executive vice chairman of strategic investments for the Americas at Cushman & Wakefield.

“While there is a lot of 'nit-picking' about what's not perfect, from a property markets perspective, this is about as good as it gets,” says Kevin Thorpe at Cushman & Wakefield.

Under its new ownership, “the structure and operations of the Cole REITs should continue without disruption,” says Bill Miller, CEO of what is now known as CCO Capital LLC.

For Invesque, formerly known as Mainstreet Health Investments, the Care Investment Trust acquisition doubles the size of its portfolio.

The median sale price of a condo-co-op in Manhattan rose 3.6% to $1.14 million in 2017, a new record.

However, the full-year 2017 total of $1.23 trillion represented the smallest year-over-year gain since a 2.6% decline in construction spending for 2011.

Led by Kevin Traenkle, Colony NorthStar Credit Real Estate is the second largest publicly listed commercial mortgage REIT after Starwood Property Trust.

Continuing a trend established in 2017, most of the fastest-growing asking rents can be found in smaller markets, led by the twin cities of Odessa and Midland, TX.