Colony Capital’s Barrack Steps Down as Executive Chairman

By Blackwells Capital | March 30, 2021

Colony Capital Inc. founder Tom Barrack is taking another step back from the firm, relinquishing his role as executive chairman. Barrack, 73, who left the chief executive officer post last year, will retain a director role at the company he founded, while Nancy Curtin, already a Colony director, will become non-executive chairman effective April 1,…

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MonmouthRejects Blackwells Offer, Opts to Weigh Strategic Alternatives

By Blackwells Capital | January 14, 2021

Monmouth Real Estate Investment Corp. rejected Blackwells Capital LLC’s $18-per-share takeover offer for the single-tenant, net-lease industrial real estate investment trust and resolved to evaluate strategic alternatives instead. The REIT said Blackwells’ nonbinding, unsolicited and conditional proposal is not in the best interest of the company. Monmouth’s board aims to consider the full range of…

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Real-Estate Firms Turn Buyers of Their Own Shares

By Blackwells Capital | January 12, 2021

Some publicly traded real-estate companies have found a buyer for their shares, despite empty offices, deserted hotels and reeling shopping malls—the companies themselves. Real-estate owners, including SL Green Realty Corp. and Healthcare Trust of America Inc., say stock-market investors have significantly undervalued their property holdings compared with what they could fetch in the private market.…

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