March 6, 2007 | Vol. 5 No. 5

Home

Your Account

Archives

Advisory Board

Search Archives

Current issue -
Subscribers only

Member Log In:

E-mail Address

Password

Remember me on this computer

Volume 5 - Number 5 | March 6, 2007

TOP STORY: Carey Files for New $2B REIT, Enters Self-Storage Sector
By Michelle Napoli
On the heels of completing a secondary offering of $550 million for Corporate Property Associates 16-Global Inc., W.P. Carey & Co. plans to launch a new investment fund that could raise as much as $2 billion of equity for net lease properties.

Q4 Roundup: Public Buyers Review Transactions, Search For ‘New Ideas’
By Michelle Napoli
While its biggest news is its upcoming $2-billion investment fund, W.P. Carey & Co. president and CEO Gordon F. DuGan noted during the company’s February conference call that a significant number of transactions were reviewed to get the deals the firm finalized in 2006.

Hedge Fund Launches Single-Tenant Financing Program
By Michelle Napoli
Prodigious Capital Advisors LLC, the investment banking subsidiary of New York City-based real estate merchant banking firm Prodigious Capital Group LLC, has rolled out a single-tenant property financing program on behalf of what it describes as a diversified hedge fund manager.

Research Report: Restaurants Top Single-Tenant Retail Sales in ’06
By Michelle Napoli
Fast food restaurant properties dominated the single-tenant retail asset sector during 2006, accounting for about 27% of sales, according to a new report from Encino, CA-headquartered Marcus & Millichap Real Estate Investment Brokerage Co.

Data Points: Single-Tenant Industrial Market Stats

Short Takes: STAG Opens London Office, Targets Buys Across EU

Recent Transactions: Loan Arranged For ‘Red Hot’ Bank Ground Lease

Ratings Update: In Face of Pathmark Talks, A&P Placed on Watch