RioCan Real Estate Investment Trust, Canada’s largest retail landlord, said it’s studying how to get the most value from its U.S. assets as operating in the country gets more expensive and competitive.
Hudson’s Bay Company announced Wednesday that it was forming real estate joint ventures with Simon Property Group Inc. and RioCan Real Estate Investment Trust valued at $4.2 billion.
The company said the ventures will allow it to build on the strength of its existing real estate assets and identify new real estate growth opportunities.
HBC says the deal values the properties it will contribute at $3.8 billion. The company says the transactions are structured to facilitate a future IPO or other transaction by the new joint ventures.
NEW YORK (Reuters) - Luxury homebuilder Toll Brothers Inc will launch an investment fund to buy up distressed real estate assets, including loan portfolios and land for development, the company said on Monday.
ByJohn Gilluly:The salubrious news of Toll Brothers' (TOL) recent acquisition was highly-touted, but a look at the underlying figures reveals Toll paid on average $308,000 for each of the 5,200 lots it's getting from Shapell.
By Stocks & Shares:Value investors should consider Toll Brothers (TOL) as an attractive new way to gain exposure to higher education, in addition to exposure to the wider market for luxury apartments.
Consumer Contrarian submits: The broad economic headwinds still facing builders, highlighted in my recent report ("Housing: No Worse, But No Better"), suggests a cautious approach to homebuilders. This risk-averse view is based primarily on the following general industry assumptions:
Ah, Florida. It’s celebrated as the land of sunshine, snow birds, theme parks, and beaches. This year, it’s also considered the hottest state for snatching up foreclosed homes on the cheap. For deals on distressed homes, look south. According to a new study from the foreclosure-tracking firm RealtyTrac, Florida was home to 8 of the country’s top 20 metropolitan areas for highest foreclosure rates last year. By no small coincidence, 5 of the top 10 “Best Places to Buy Foreclosures in 2013″ also just so happen to be in Florida.
By Brad Thomas:Certain things are true of all REITs: their value and profitability depend on property-specific issues, such as location, lease revenues, property expenses, occupancy rates, prevailing market rents, tenant quality, and replacement cost; real estate issues such as market "cap rates" and supply/demand conditions; competition from nearby properties; and such "macro" forces as the economy, employment growth, consumer and business spending, interest rates, and inflation.