Storage Post Self Storage Adds Plainview Facility to Long Island Portfolio [Accessibility Statement] Skip NavigationNEW YORK, Feb. 24, 2026 /PRNewswire/ -- [Storage Post Self Storage], a leading self-storage company, today announced the acquisition of a [new self-storage facility in Plainview, New York], further extending its footprint across Long Island. The property is located at 150 Fairchild Avenue, Plainview, NY, and was formerly operated as a CubeSmart facility.Continue ReadingStorage Post PlainviewTh ...

Core Viewpoint - Gaming and Leisure Properties, Inc. (GLPI) has acquired the real estate assets of Bally's Lincoln for $700 million, enhancing its portfolio and expected to be immediately accretive to its adjusted funds from operation (AFFO) per share [1][3][5]. Group 1: Transaction Details - The initial cash rent for Bally's Lincoln is set at $56 million, reflecting an 8% capitalization rate and a purchase multiple of 12.5x [2]. - The acquisition adds Bally's Lincoln to GLPI's Master Lease II agreement, increasing the total number of properties to five, with a pro forma rent coverage ratio anticipated to exceed 2.2x [2]. - The lease term aligns with the existing Master Lease II, extending to 2039, and includes four 5-year renewal options, with rent escalation tied to the consumer price index (CPI) [2]. Group 2: Financial Impact - The transaction is primarily funded through debt, and GLPI's net debt to adjusted EBITDA ratio is expected to remain below the target range of 5.0x to 5.5x [3]. - The acquisition is projected to be immediately accretive to GLPI's AFFO per share, indicating a positive impact on financial performance [3][5]. Group 3: Property Overview - Bally's Lincoln is situated on approximately 190 acres and features a 165,000 sq. ft. casino with around 3,900 slots and 118 table games, along with 136 hotel rooms and a 29,000 sq. ft. convention center [4]. - The property underwent a $100 million expansion in 2021, which included the addition of a 40,000 sq. ft. gaming area and other amenities [4]. - In 2025, Bally's Lincoln generated over $490 million in gross gaming revenue, positioning it as one of the top-performing regional casino properties in the U.S. [5].

Acquisition Details - Cousins Properties has acquired 300 South Tryon, a 638,000 square foot lifestyle office property in Charlotte, for $317.5 million [1] - The property is located in the Uptown submarket of Charlotte, built in 2017, and is currently 100% leased with a weighted average lease term of six years [1] Funding Strategy - The acquisition will be funded through a combination of proceeds from non-core asset sales, debt financing, and/or the settlement of common shares previously issued under Cousins' ATM program [2] - Cousins is under contract to sell Harborview Plaza in Tampa and a land parcel at 303 Tremont in Charlotte for combined gross proceeds of $63.2 million [2] Market Outlook - The CEO of Cousins Properties expressed excitement about the acquisition, highlighting the improving market fundamentals in Charlotte, with increasing demand and virtually no new supply leading to rapid rent growth for lifestyle office [3] - The acquisition is seen as a strategic move to grow the Charlotte portfolio at an attractive basis, which is immediately accretive to earnings and strengthens future cash flows [3] Company Overview - Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT) based in Atlanta, GA, primarily investing in Class A office buildings in high growth Sun Belt markets [4] - Founded in 1958, the company focuses on creating shareholder value through expertise in development, acquisition, leasing, and management of high-quality real estate assets [4]

Core Insights - One Liberty Properties, Inc. has acquired a portfolio of ten industrial properties totaling 637,633 square feet, which is fully leased and below replacement cost, enhancing its long-term mark-to-market opportunities [1][3] Group 1: Acquisition Details - The acquisition adds $246 million in industrial assets over the last 12 months, marking a historic period for the company [3] - The properties are located in seven growing distribution markets, including Greensboro, NC, and Salt Lake City, UT, with an average size of 64,000 square feet and an average construction year of 2004 [3] Group 2: Financial Structure - The acquisition was financed through a $17 million mortgage and approximately $30 million from a $100 million credit facility, with the mortgage having a fixed interest rate of 5.53% [2] - The company anticipates obtaining additional financing on two other properties in the portfolio to pay down the credit facility [2] Group 3: Portfolio Composition - Industrial properties now comprise 82% of the total portfolio's annual base rent (ABR), indicating a strong focus on industrial real estate [1][3] - The average in-place rent for the acquired properties is below market rates, providing significant upside potential for future rent increases [1][3]

Core Insights - Highwoods Properties (HIW) has made significant acquisitions, including Bloc83 in Raleigh and The Terraces in Dallas, through joint ventures with strategic partners [1] Group 1: Acquisition Details - Bloc83 is a 492,000 square foot mixed-use asset in CBD Raleigh, featuring two 10-story office buildings and 27,000 square feet of retail space, with a 97% lease rate as of December 31, 2025 and a weighted average lease term of 6.5 years [1] - The joint venture for Bloc83 involves a total investment of $210.5 million, including $3.3 million for near-term improvements and $0.5 million in transaction costs, with Highwoods initially holding a 10% interest [1] - The Terraces is a 173,000 square foot office building in Dallas, 98% leased as of December 31, 2025, with a weighted average lease term of 7.0 years and rents approximately 30% below market [1] Group 2: Financial Projections - The combined investment in The Terraces and Bloc83 is expected to generate GAAP net operating income of $9.0 million and cash net operating income of $7.5 million during 2026 [1] - Highwoods anticipates generating approximately $0.8 million of income in 2026 from its net preferred equity investment in The Terraces joint venture [1]

Core Insights - Postal Realty Trust, Inc. acquired 216 properties for approximately $123 million in 2025, reflecting a 20% growth in its asset base from year-end 2024 [2][3] - The company maintains a strong balance sheet with 89% of its debt set to fixed rates and no debt maturities until 2028 [6] Acquisition Activity - In 2025, the company acquired 216 properties leased to the USPS, totaling approximately 642,000 net leasable square feet with a weighted average rental rate of $16.24 per square foot [2] - For the fourth quarter of 2025, the company acquired 65 properties for approximately $29.1 million, comprising about 142,000 net leasable square feet at a weighted average cash capitalization rate of 7.5% [4] Portfolio and Financial Metrics - As of December 31, 2025, the company's portfolio was 99.8% occupied, consisting of 1,917 properties across 49 states and one territory, with approximately 7.1 million net leasable square feet [5] - The weighted average rental rate for occupied properties was $11.88 per square foot, with $14.09 for last-mile and flex properties, and $4.23 for industrial properties [5] Debt and Capital Structure - At year-end 2025, 89% of the company's outstanding debt was fixed rate, with a weighted average interest rate of 4.38% [6] - The company raised gross proceeds of $12.6 million and $48.4 million through its at-the-market offering program by issuing shares at average prices of $15.63 and $15.34, respectively [7] Share Count - As of December 31, 2025, there were 34,104,349 fully diluted shares outstanding, with a weighted average fully diluted share count of 33,620,211 for the fourth quarter [8]

Core Viewpoint - Nexus Industrial REIT has acquired two industrial buildings in Montreal for $40.1 million, which are expected to enhance the REIT's value through long-term leases and significant future cap rate increases [1][2]. Acquisition Details - The acquisition includes two buildings with a combined gross leasable area (GLA) of 277,000 square feet, under long-term leases expiring in November 2032 [1]. - The initial cap rate on the leases is 6.6%, projected to increase to a stabilized market rate of 10.4% by 2028 [1][2]. Property Information - The properties acquired are located at: - 7505 Rue Saint-Patrick, LaSalle, QC, with a GLA of 193,916 square feet [3]. - 2370 Rue de la Province, Longueuil, QC, with a GLA of 83,249 square feet [3]. Company Overview - Nexus Industrial REIT is focused on increasing unitholder value through the acquisition and management of industrial properties in Canada, currently owning 89 properties with approximately 12.9 million square feet of GLA [4].

Core Viewpoint - Kaldalón hf. has successfully signed a purchase agreement for all real estate assets owned by FÍ fasteignafélag, marking a significant expansion of its property portfolio in the Greater Reykjavík area [1][3]. Property Portfolio Details - The acquired portfolio consists of 11 properties with a total floor area of approximately 25,200 square meters, including a hotel, an embassy, a primary healthcare facility, and office premises [2]. - Key assets include a 100-room hotel at Hverfisgata 103, office premises at Borgartún 25, an embassy at Laufásvegur 31, and a healthcare facility in Glæsibær [2]. Financial Aspects of the Transaction - The total purchase price is ISK 13,150 million, financed through the issuance of equity and bonds [4]. - The transaction involves the delivery of 228,112,591 new shares in Kaldalón and bonds amounting to ISK 7,232.5 million, with bonds issued at a yield of 3.93% [4]. - The issue price of the new shares is based on an average trading price of ISK 25.94 per share over the last 10 trading days prior to the offer acceptance [4]. Conditions for Completion - Completion of the transaction is contingent upon satisfactory technical inspections, approval from the Icelandic Competition Authority, and necessary amendments to bond terms [5][6]. Expected Financial Impact - The estimated increase in Kaldalón's annual net operating income (NOI) from the acquired properties is approximately ISK 870 million, with a potential increase to ISK 960 million upon full leasing of one development asset [7]. - Following the transaction, Kaldalón's total property portfolio will expand to approximately 170,000 square meters, with operating revenues expected to increase by approximately ISK 1,050 million annually [9]. Strategic Comments - The CEO of Kaldalón expressed satisfaction with the acquisition, highlighting the central location and strong tenant base of the properties, and the intention to streamline the portfolio to enhance revenue [8]. - The Chairman of the Board of FÍ Eignarhaldsfélag noted the successful development of FÍ fasteignafélag and the milestone achieved through this transaction [9][10].

Core Insights - Highwoods Properties, Inc. has agreed to acquire 6Hundred at Legacy Union, a Class AA office tower in Charlotte, for a total expected investment of $223 million [2][3] - The property is 84% leased with a weighted average lease term exceeding 12 years and encompasses 411,000 square feet [3] - The acquisition is expected to close within the next 30 days, with a non-refundable earnest money deposit of $10 million already posted [7] Financial Overview - The total investment includes $8.5 million for near-term building improvements and leasing capital expenditures, net of $15.7 million in anticipated rent-related credits from the seller [4] - Upon stabilization, estimated annual net operating income (NOI) is projected to be between $17.5 million and $18.5 million on both GAAP and cash basis, with stabilization expected in 2027 on a GAAP basis and 2028 on a cash basis [4] - For 2026, the property is expected to generate approximately $10 million of GAAP net operating income [4] Strategic Positioning - The acquisition will increase Highwoods' portfolio at Legacy Union to 1.6 million square feet of Class AA office space, enhancing its presence in a high-demand area [3][6] - The company plans to fund the acquisition on a leverage-neutral basis using proceeds from non-core asset sales, having already sold $37 million of such assets since October 1, 2025 [5][7] - The CEO expressed confidence that the acquisition will be neutral to 2027 funds from operations (FFO) and accretive to cash flow, while improving portfolio quality [6][7]

Core Insights - UMH Properties, Inc. has successfully acquired a manufactured home community in Albany, Georgia for $2.6 million, which includes 130 developed homesites with an occupancy rate of 32% [1][2] - The acquisition is part of a strategic expansion in the Georgia market, enhancing operational efficiencies and profitability due to proximity to an existing community [2] - Year-to-date, UMH has acquired five communities totaling 587 sites for $41.7 million, indicating a strong acquisition pipeline moving forward [2] Company Overview - UMH Properties, Inc. is a public equity REIT established in 1968, owning and operating 145 manufactured home communities with approximately 27,000 developed homesites, including 10,800 rental homes and over 1,000 self-storage units [2] - The company's communities are located across multiple states, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia [2]