June 19, 2007 | Vol. 5 No. 12

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Volume 5 - Number 12 | June 19, 2007

TOP STORY: Inland Launches Government Properties Subsidiary
By Michelle Napoli
A new subsidiary of Inland American Real Estate Trust Inc. will focus on the government property niche through acquisition and development of assets leased to county, state and federal entities.

LXP Unveils Restructuring Plan; Lex-Win Increases Wells Tender Offer
By Michelle Napoli
Lexington Realty Trust revealed a “strategic restructuring plan” that involves unwinding existing equity investment joint ventures so it has a wholly owned portfolio of office and warehouse/distribution assets.

Insider: Higgenbotham Auctioneers’ John Haney
By Michelle Napoli
Higgenbotham Auctioneers International Ltd., a Lakeland, FL-based company and alliance partner of NAI Global, has a number of net lease properties scheduled for auction later this month.

HPT Closes $630M Acquisition, Portfolio Net Leased
By Michelle Napoli
Hospitality Properties Trust bought a portfolio of 40 properties from Petro Stopping Centers LP for $630 million. The properties were net leased to TravelCenters of America LLC.

Data Points: Net Lease Cap Rates Compared to Interest Rates

Short Takes: Wal-Mart Moderates Growth of Supercenters

Recent Transactions: Faris Lee Brokers Great Indoors Big-Box Sale

Ratings Update: Moody’s, S&P Downgrade Dollar General