Behringer Harvard Multifamily REIT I has signed a $300 million deal with PGGM, building on its relationship with the Dutch pension fund. The two companies expect to invest a collective $1.3 billion in the multifamily asset class over multiple years.
EPR Properties, which has been rebranded from Entertainment Properties Trust, is planning to make $300 million in acquisitions next year, similar to what it did in 2012, David Brain, president and CEO, said at REITWorld 2012: NAREIT's Annual Convention. He also spoke of the rebrand and why it was necessary: "We've developed the company beyond just a particularly cinema and limited entertainment focus, spanning now into the education and recreation areas in which we're investing. It was time to expand the identity of the company to conform with the portfolio we're developing."
Two Washington, D.C.-area REITs tapped public markets for capital raising in recent weeks. Chesapeake Lodging Trust is raising $115.2 million and Washington Real Estate Investment Trust $300 million, respectively.