In case you missed the headlines, here’s the latest roundup of top national commercial real estate stories reported by CoStar’s News team over the past week.
Blackstone Back in Logistics Business with Big Portfolio Deal
Barely a week after GLP pulled off its latest billion-dollar-plus purchase, Blackstone is jumping back into the industrial property space with an agreement to buy 46 logistics properties from LBA Realty for a reported $1.5 billion. Also this week, USAA Real Estate is reported to be shopping a 12 million-square-foot warehouse portfolio consisting of 19 properties.
EB-5 Investor Visa Program Facing Prospect of Expiring for Third Time in 12 Months
In a virtual repeat of events one year ago, a pair provision of the EB-5 immigrant investor visa program, a popular tool for pairing foreign investors with U.S. real estate developers, is set to expire next week at the Sept 30 end of the federal government's fiscal year. Temporary extensions will likely keep the program running for now, but its long-term outlook is uncertain.
MedEquities Set To Become Newest Publicly Traded REIT
In what has been a rare occurrence in the past couple of years, MedEquities Realty Trust is set to launch an initial public offering of a new REIT. The IPO comes as investment in public REITs is getting a boost by being put in a new stand-alone REIT sector by the S&P Dow Jones Indices and MSCI Inc. stock indexes.
TH Real Estate Launches U.S. Cities Real Estate Fund Series
TH Real Estate has unveiled its U.S. Cities Fund series, a re-launch of the $2 billion TIAA-CREF Core Property Fund LP that plans to invest in retail, office, industrial and multifamily properties in major US urban markets. The new fund series will have separate open-end funds for retail, office, industrial and multifamily properties in top urban markets.