Find in the news:
BY COUNTRY

American Realty set to sell centers to Blackstone



American Realty Capital Properties Inc, the largest single-tenant real estate owner in the US, is set to sell the bulk of its shopping centers to Blackstone Group for $1.98bn.
The deal is set to be completed within 30 days. The company stated that the proceeds are to be used for the purchase of Red Lobster’s real estate package.

David Kay, the president of the company, stated that the sale of real estate will allow the company to buy 500 of the best Red Lobster stores. This can be done at a yield rate 1% lower than the cash return of 7.9% of the restaurants.

The company’s shares declined 4.5% to $12.29 after an earlier decline of 5.4%. The decline may be due to the company offering 100m common shares which may raise around $1.4bn. The equity is required as funding for the range of deals since the start of the year.

American Realty had planned a spin-off of the properties it sold to Blackstone. Blackstone however is paying more than they would have made with the first option. This allows funding for the purchase of assets.

Blackstone, the largest global private-equity real estate fund, raised $825m in an initial public bid.

More about shopping malls in the USA



Sep 20, 2021, Japan:
The top floor of the world's most popular Japanese department store now has its cafe.
Sep 20, 2021, USA:
The owners of the American Dream decided not to wait until the luxury "Avenue" was at least half full.
Sep 17, 2021, USA:
The retailer is ready to invest in retail development in the U.S. market, which was hit by the crisis.
Sep 17, 2021, Spain:
Worldwide sales are recovering, both at retail and through online channels.
Sep 15, 2021, France:
The total area of the new retail space in the Madeleine area will be 724 square meters.
Sep 14, 2021, USA:
The 30-day subscription, which allows you to buy one taco a day, costs $5 and $10.
Friend
and Follow
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us