MGM Resorts Creates REIT for Hotels to Help Boost Value
MGM Resorts Creates REIT for Hotels to Help Boost Value
Real Estate
Casino REIT dominoes are falling
Last week MGM Resorts International announced they will carve out a REIT from their operations to be called MGM Growth Properties. This is the first major Las Vegas strip property owner to clearly give intentions on REIT creation. Caesars has a… Continue Reading
RioCan Considering Selling US Portfolio
RioCan REIT announced today it is considering strategic alternatives for its US portfolio. I think this is good news for shareholders. I have never wanted RioCan to stray from its Canadian base, especially now since cap rates in the US… Continue Reading
Allied Properties’ towering ambition to transform downtown Toronto
Sunlife to Acquire Bentall Kennedy
Sun Life to acquire real estate manager Bentall Kennedy for C$560 million With $560M Bentall Kennedy purchase, Sun Life seeks to build a real estate management powerhouse
Ritz-Carlton in Macau
Review of US REITs
Below is a brief review of the largest US publicly traded Real Estate Investment Trusts (REITs). The first aspect that strikes me as a Canadian investor is how much larger US markets are. Some of the largest Canadian REITs such… Continue Reading
A Union Opposes GLPI Pinnacle Bid
Union Asks Missouri to Block REIT’s Bid for Pinnacle Casinos
Casino REIT Debates
Long-term, negative side of REITs argued
MGM vs Land & Buildings
While public companies should welcome any input from shareholders, since it’s the shareholders who own the company, boards should be cognizant of balancing the interests of all shareholders in proportion to their ownership. In the case of the proposal made by… Continue Reading