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.
The National Association of Realtors' request to the SEC for an exemption allowing real estate licensees to be compensated for advising clients on the real estate aspects of securitized TIC investments is "imminent."
The National Association of Realtors' request to the SEC for an exemption allowing real estate licensees to be compensated for advising clients on the real estate aspects of securitized TIC investments is "imminent."
While some market observers expected this fall to be a repeat of 1998--when a halt in the CMBS market created a void that life company lenders readily filled--it hasn't quite worked out that way.
While some market observers expected this fall to be a repeat of 1998--when a halt in the CMBS market created a void that life company lenders readily filled--it hasn't quite worked out that way.
What was already a trend among TIC sponsors diversifying their operations with non-TIC products and business lines seems to be gaining ground in anticipation of potentially challenging months ahead.
Boddie-Noell Enterprises Inc., the largest franchisee of Hardee's restaurants, purchased 34 Hardee's locations from the chain's parent company, CKE Restaurants Inc.