Phillips Edison to Merge With Phillips Edison Grocery Center REIT II

July 18, 2018 ·

Phillips Edison & Company, Inc. (PECO), a public non-listed REIT (PNLR), said July 18 that it has agreed to merge with Phillips Edison Grocery Center REIT II, Inc., a PNLR it currently sponsors and manages, creating a $6.3 billion REIT focused exclusively on grocery-anchored shopping centers.

The stock-for-stock merger will create a national portfolio of 323 grocery-anchored shopping centers encompassing approximately 36.7 million square feet, located across 33 states.

Nareit Presents on REIT Investing to CFA Societies in Five Southern Cities

July 16, 2018 ·
Brad Case of Nareit presents on REIT investing in July 2018.

Brad Case, senior vice president, research & industry information at Nareit, traveled through the South earlier this month, discussing REIT investing with the Chartered Financial Analyst (CFA) societies in five cities.

REIT M&A Likely to Hit Record Level in 2018

July 12, 2018 ·

REIT mergers and acquisitions (M&A) activity is likely to reach a record level in 2018 if it continues at the same pace seen in the first half of the year, according to panelists on a Bloomberg Intelligence webinar, The Rising Tide of REIT M&A: What’s Behind the Wave?