Thursday, March 3, 2011

COMMERCIAL SALES SURGE !!!


Transactions surged over the past year as the economy began to recover and low interest ratesmade it cheaper for REITs and private-equity buyers to acquire office, retail, industrial, apartment and health-care properties. Completed acquisitions by U.S. REITs more than tripled to $24 billion in the 12 months through the end of February compared with the previous year, according to data compiled by Bloomberg. Fasulo said he “wouldn’t be surprised” if U.S. commercial property purchases double in 2011 from almost $140 billion in 2010.

U.S. commercial property purchases may double this year as confidence builds among investors with access to credit and equity that values will rebound.

Blackstone Group LP’s planned $9.4 billion purchase of U.S. shopping centers and Ventas Inc.’s proposed $5.7 billion buyout of a health-care real estate investment trust, one of two multi- billion dollar health care REIT deals announced yesterday, may mean a wave of commercial real estate acquisitions is coming as buyers regain confidence in the market.


I found this info on Jeff Lindahl's site at... www.rementor.com 781-878-7114

Thank You, Larry