Pebblebrook Plays New Tune at Historic Nashville Hotel

May 16, 2017 ·

Nashville, Tennessee, has never been a target market for Pebblebrook Hotel Trust (NYSE: PEB), but that didn’t stop the lodging REIT from investing $52 million in a downtown hotel that was a perfect fit with the company’s strategy in every other respect.

Located inside a 19th century railroad station that is a National Historic Landmark, Nashville’s Union Station Hotel presented just the type of project Pebblebrook is on the alert for, according to CEO Jon Bortz.

Health Care REITs Sabra and Care Capital to Merge in $7.4 Billion Deal

May 08, 2017 ·

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and Care Capital Properties, Inc. (NYSE: CCP) said May 7 that they will combine in an all-stock merger to create a company with a pro forma total market capitalization of $7.4 billion.

The new company will operate under the Sabra name. Sabra’s current management team, led by Chairman and CEO Rick Matros, will run the combined company. Ray Lewis, CEO of CCP, will join Sabra’s board of directors.

Hudson Pacific Properties Completes Purchase of Hollywood Studio

May 05, 2017 ·

Hudson Pacific Properties, Inc. (NYSE: HPP) said May 2 it completed the $200 million acquisition of Hollywood Center Studios, its third purchase of a historic Hollywood asset.