Starwood Asks Monmouth Investors to Reject Deal With Zell

By Blackwells Capital | July 27, 2021

Starwood Capital Group plans to solicit votes against Monmouth Real Estate Investment Corp.’s deal to sell itself to Sam Zell’s Equity Commonwealth, ratcheting up the fight for the industrial property company. Starwood, led by Barry Sternlicht, argued its competing proposal to acquire the company provides Monmouth shareholders with greater value and certainty than the Equity…

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WashREIT Completes Office Portfolio Sale

By Blackwells Capital | July 26, 2021

WASHINGTON, July 26, 2021 (GLOBE NEWSWIRE) — WashREIT (NYSE: WRE) has completed the previously announced sale of 12 office assets, representing the entire office portfolio excluding Watergate 600, for gross proceeds of $766 million. WashREIT plans to use the net proceeds of the sale to fund the expansion of its multifamily platform and to reduce…

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Tom Barrack Wore Many Hats. Now Indictment Hangs Over His Head

By Blackwells Capital | July 21, 2021

Leading up to and during the presidency of Donald Trump, Tom Barrack, founder of investment firm Colony Capital Inc., sold Trump to skeptical Wall Street titans, lauded him at the Republican National Convention, helped lead his transition team, and raised $107 million as chairman of the inaugural committee that organized the celebrations marking Trump’s ascendance.…

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WashREIT Accelerates Transformation Into Multifamily REIT With Agreement to Sell Office Portfolio

By Blackwells Capital | June 15, 2021

WASHINGTON, June 15, 2021 (GLOBE NEWSWIRE) — WashREIT (NYSE: WRE) (“WashREIT” or the “Company”), as part of its multi-year strategic transformation into a multifamily REIT, announced today that it has entered into a definitive agreement to sell substantially all its office portfolio to a Brookfield Asset Management private real estate fund for an aggregate purchase…

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