Wednesday, January 4, 2012

$37.5 Billion in REIT equity raised last year

Wow! I knew it was a big year for REITs, but seeing the numbers from NAREIT this morning still shocked me.

"REITs are in a very strong position right now," said Mr. Coco, adding that he anticipates commercial landlords in all property types to aggressively seek acquisitions.

REITs made $34.6 billion in commercial real-estate acquisitions in 2011 that comprised 2,322 deals, according to CoStar Group. Although that was 40% higher than the previous year's volume, it fell short of expectations.

In a sign of renewed deal activity, Ventas Inc., one of the nation's largest health-care landlords by market capitalization, recently agreed to acquire Cogdell Spencer Inc. in a deal that Ventas valued at about $760 million, including debt. That would be the largest REIT merger since February, when the Chicago-based company acquired rival Nationwide Health Properties Inc. for $5.8 billion.

1 comment:

crabsofsteel said...

does this include money raised by non-traded REITs, like Apple? They have been very active buyers.