Technology-Oriented REITs Enjoy Clear Growth Trajectory, Analysts Say

May 17, 2019 ·

Technology-oriented REITs have a clear growth trajectory for the years ahead, fueled by secular changes in the economy that are impacting all aspects of daily life.

Portfolio managers Paul Curbo of Invesco and Evan Serton of Cohen & Steers discussed the impact of some of these changes with Bloomberg Intelligence analyst Lindsay Dutch during a May 16 webinar.

Postal Realty Trust Lists on New York Stock Exchange

May 15, 2019 ·

Postal Realty Trust, Inc. (NYSE: PSTL), a REIT that owns and manages properties leased to the United States Postal Service (USPS), listed on the New York Stock Exchange on May 15.

The Cedarhurst, New York-based REIT will own and manage an initial portfolio of 271 postal properties located in 41 states and will manage an additional 404 postal properties leased to the USPS.

The company priced its IPO at $17 a share.

Park Hotels to Buy Chesapeake Lodging Trust in $2.7 Billion Deal

May 06, 2019 ·

Park Hotels & Resorts Inc. (NYSE: PK) said May 6 it will purchase Chesapeake Lodging Trust (NYSE: CHSP) in a cash and stock transaction valued at approximately $2.7 billion.

Park was formed in early 2017, when Hilton Worldwide spun off most of its owned real estate into a separate public REIT.