Equinix to Buy Verizon Data Centers for $3.6 Billion

December 06, 2016 · reit.com

Data center REIT Equinix, Inc. (Nasdaq: EQIX) said Dec. 6 it has agreed to buy a portfolio of 24 data center sites from telecommunications company Verizon Communications Inc. for $3.6 billion in an all-cash transaction.

The 24 sites consist of 29 data center buildings across 15 metro markets in the United States and Latin America.

In a conference call, Steve Smith, president and CEO of Equinix, said the deal “positions us to continue to attract global data center demand.”

REITs Drop in November Amid Spike in Treasury Yields

December 01, 2016 · reit.com

REIT returns fell in November, as gains in long-term interest rates continued to put downward pressure on the sector, market watchers said.

The total returns of the FTSE/NAREIT All REIT Index dropped 2.0 percent in November, while the S&P 500 index gained 3.7 percent. Total returns of the FTSE/NAREIT All Equity Index fell 2.4 percent in November, while total returns of the FTSE NAREIT Mortgage REITs Index gained 1.7 percent.

NAREIT Names 2016 Leader in the Light Award Winners

November 16, 2016 · reit.com
2016 LITL Awards

On Nov. 16 at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT, NAREIT announced the nine winners of its annual Leader in the Light Awards. They honor NAREIT member companies that have demonstrated superior and sustained sustainability practices.