Carter Validus Mission Critical REIT has acquired an AT&T data center property for $52 million. It is a 10-year sale leaseback transaction, with the 142,952-square-foot facility located in Waukesha, Wis.
The Canada Pension Plan Investment Board is partnering with Dexus Property to bid on the Commonwealth Bank of Australia's office trust. They are bidding $2.55 billion for the trust, which has a portfolio of property worth $3.5 billion.
The Securities and Exchange Board of India has issued draft guidelines to establish REITs in the country. These efforts were tabled in 2008, when the global financial crisis hit. Real estate developers in India saw their shares rise after the regulator announced the plan.
CNL Commercial Real Estate plans to invest $300 million in the next 18 months on new acquisitions and development projects. It is targeting retail, industrial and office asset classes in markets across the Southeast and Texas. The REIT sees so much opportunity in this space that it expects a Fund 2, 3 and 4 will follow, says Moses Salcido, CNL Commercial Real Estate’s new managing director.