BOSTON, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company” or “Plymouth”) today announced that it has entered into a definitive merger agreement (the “Merger Agreement”) under which entities affiliated with Makarora Management LP ("Makarora"), along with Ares Alternative Credit funds (“Ares”), will acquire all outstanding shares of Plymouth’s common stock and all outstanding limited partnership interests of Plymouth Industrial OP, LP for $22.00 per share, in an all- ...

Core Insights - SL Green Realty Corp. has announced the acquisition of Park Avenue Tower for $730 million, expected to close in Q1 2026 [1][2] - The acquisition aims to enhance sustainable cash flow and long-term value, reinforcing SL Green's position as a leading owner of premier properties along Park Avenue [2] Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT) focused on acquiring, managing, and maximizing the value of Manhattan commercial properties [4] - As of September 30, 2025, SL Green held interests in 53 buildings totaling 30.7 million square feet, including 27.1 million square feet of Manhattan buildings [4] Property Details - Park Avenue Tower is a 36-story, 621,824 square foot Class A office building, completed in 1986, featuring modern upgrades and a distinctive architectural design [2][3] - Recent enhancements include a reimagined plaza, high-end prebuilt office suites, and a world-class lobby, positioning the property as a top choice for financial institutions and hedge funds [3] Market Context - The acquisition comes at a time of high demand for office space in the Park Avenue corridor, which has a vacancy rate trending below 6 percent [2] - The property is well-leased at below-market rents, indicating significant upside potential for SL Green [2]

Core Insights - The REIT sector is experiencing improvement due to moderating interest rates and declining inflation, with several REITs making acquisitions to enhance their asset base and increase distributions for investors [1] Group 1: CapitaLand Ascott Trust (CLAS) - CLAS is Asia-Pacific's largest lodging trust with total assets of S$8.8 billion and a portfolio of 101 properties across 16 countries [2] - CLAS has acquired three freehold rental housing properties in Japan for JPY 4 billion (approximately S$34.2 million), located in Osaka and Kyoto [2] - The projected net operating income (NOI) entry yield for this acquisition is 4%, significantly higher than the exit NOI yield of 0.4% from a previous divestment [3] - The acquisition is expected to result in a 0.3% accretion to CLAS's distribution per stapled security (DPSS) [3] - The properties have an average occupancy of 97% and will contribute to a stable income stream, with rents in Osaka and Kyoto expected to rise by 10% to 15% over the next five years [4][5] Group 2: AIMS APAC REIT (AAREIT) - AAREIT, an industrial REIT, is acquiring Framework Building for approximately S$56.65 million, projected to have an initial net property income (NPI) yield of 8.1% [6] - The acquisition is expected to add 2.5% to AAREIT's distribution per unit (DPU) if fully funded by debt [6] - The property has a total net lettable area of 16,082 square meters and is 97% occupied, with potential for value-add enhancements [7][8] Group 3: CapitaLand Integrated Commercial Trust (CICT) - CICT is acquiring 55% of the commercial component of CapitaSpring for S$1.05 billion, with an entry yield in the low-4% region [9] - The total acquisition outlay is approximately S$482.3 million, funded through a private placement of units, expected to result in a 1.1% DPU accretion [10] - Following the acquisition, CICT's pro-forma aggregate leverage is expected to rise slightly from 37.9% to 38.3% [10] Group 4: United Hampshire US REIT (UHREIT) - UHREIT owns a diversified portfolio valued at around US$731 million and recently purchased Dover Marketplace for approximately US$16.4 million, below independent valuation [11] - The acquisition is fully funded by proceeds from a previous divestment and is expected to provide a 2% uplift to UHREIT's DPU [12] - Dover Marketplace has a committed occupancy of 96.1% and a long weighted average lease expiry of 9.7 years [12]

Core Insights - SL Green (SLG) has entered into a contract to acquire 346 Madison Avenue and the adjacent site at 11 East 44th Street for $160 million, with the deal expected to close in Q4 of this year [1][7] - The acquisition presents a strategic opportunity to develop approximately 800,000 rentable square feet in line with East Midtown rezoning, catering to strong tenant demand for new construction with advanced amenities [2][7] - The properties are located near One Vanderbilt, positioning SL Green to pursue a world-class office development in a prime market [3] Company Strategy - This acquisition underscores SL Green's commitment to acquiring assets in key markets to capture profitable growth opportunities and meet tenant needs [4] - Despite market challenges, SL Green's leasing successes have positioned it as a standout in the office real estate sector, although its shares have dropped 7.1% in the past three months compared to the industry's growth of 0.3% [4]

Core Acquisition Details - Heimar hf. has completed the acquisition of all shares in Tryggvagata ehf., with the sellers being MF2 hs. and Laxamýri ehf. The purchase price was settled through a combination of cash payment and assumption of debt [1] - Tryggvagata ehf. owns properties at Tryggvagata 14 and Tryggvagata 10 in downtown Reykjavík, with a total floor area of approximately 5,500 square meters. The acquisition includes a 106-room, four-star hotel and an adjacent office building [2] Property and Tenant Information - The properties are fully leased to Exeterhouse ehf., which operates Exeter Hotel, and Aton Jl. Exeter Hotel has established itself as a premier hotel in Reykjavík, known for its modern design and high-quality service, ensuring a strong occupancy rate [3] - The properties were constructed in 2018 and are located within Heimar's designated core operational areas, aligning with the company's strategic priorities [4] Strategic Importance - The CEO of Heimar, Halldór Benjamín Þorbergsson, emphasized that the acquisition of these centrally located properties is a significant step in the company's growth strategy, enhancing its property portfolio with premium leased assets [5] - Hjalti Gylfason, Chairman of the Board of Laxamýri ehf., expressed confidence in Heimar as a reliable real estate company, indicating that Exeterhouse ehf. will continue to operate the hotel under its current brand [6]

Group 1 - CeMat A/S has acquired the right of perpetual usufruct (RPU) to 75% of the shares in a land plot designated for road use in Bielany, Warsaw, covering a total area of 1,155 sqm, valid until 2089 [2][3] - The acquired plot is currently utilized for internal roads, contributing to the company's rental operations and future investment plans in the Bielany district, which has a total area of 159,300 sqm [3] - CeMat Group holds perpetual usufruct rights to approximately 58% of the property, ownership rights to about 1%, and possession rights to 41% of the property [3] Group 2 - The final value of the acquired property will be determined through an independent valuation process, marking a significant step towards achieving CeMat's goals for 2025 [4]