The Securities and Exchange Commission is seeking public comment on an exemption request to allow commercial real estate brokers to be compensated for advising clients on securitized TIC investments.
Inland American Real Estate Trust Inc. is buying a second portfolio of properties from SunTrust Banks Inc., the REIT disclosed in a recent filing with the Securities and Exchange Commission.
Large sale-leaseback transactions continue to gain traction in Europe. The latest example includes two deals that will garner about 650 million euros or approximately US$926 million for a French grocer.
Oak Brook, IL-based Inland American Real Estate Trust is buying 216 properties in a sale-leaseback with SunTrust Banks Inc. The 1.15 million-sf portfolio consists of eight office buildings and 208 single-tenant retail banking facilities.