Iron Mountain Announces Industrial Sale-Leaseback Transaction with Blackstone Real Estate Income Trust

The MarketWatch News Department was not involved in the creation of this content.

Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, today announced that it has sold a portfolio of 13 industrial facilities to Blackstone Real Estate Income Trust, Inc. (“BREIT”), generating gross proceeds of $358 million. The transaction, totaling 2.1 million square feet, is a sale-leaseback transaction with the properties located predominantly in California, northern New Jersey and the Lehigh Valley. Iron Mountain will remain in these facilities under an initial ten-year lease term, with options to renew up to an additional 20 years.

This transaction is part of Iron Mountain’s ongoing capital recycling program, and Iron Mountain expects to utilize the proceeds to reinvest in higher growth areas of its business.

“As we have highlighted previously, we view the market conditions for industrial real estate assets as highly attractive. This is a

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JLL Income Property Trust Continues Its Leadership Position in Sustainability Efforts

CHICAGO, Dec. 3, 2020 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), built on its momentum in achieving sustainability benchmarks by earning a three-star GRESB Rating in the 2020 Real Estate Assessment. The rating comes from the leading, institutionally accepted, global non-profit agency committed to creating better places for people and communities. GRESB, which stands for Global Real Estate Sustainability Benchmark, evaluates the environmental, social and governance (ESG) performance of real estate investment portfolios worldwide. This is JLL Income Property Trust’s third annual GRESB ranking, after becoming the first NAV REIT to earn a ranking in 2018. It has received either a three- or four-star rating over all three years.

“Good investing includes looking closely at ESG, and we pride ourselves on making investment decisions that incorporate the core principles of our environmental, social and governance policies,” said Allan Swaringen

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Artis Real Estate Investment Trust Announces Reconstitution of Board Committees and Reduction of Board Fees

WINNIPEG, MB, Dec. 1, 2020 /CNW/ – Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX.UN) announced today that the Board of Trustees of Artis (the “Board“) has unanimously approved the appointment of Samir Manji as Chairman of the Board, a reduction in Board fees, and changes to the Board committees, all effective immediately.

“It is a privilege to lead the newly reconstituted Board comprised of exceptionally well qualified and experienced individuals,” said Samir Manji, Chairman of the Board. “Each of our trustees – both continuing and new – are fully committed to working hard to maximize value on behalf of all unitholders. We have confirmed the composition of the various Board committees to ensure a smooth transition and seamless governance and oversight and look forward to supporting and working with the entire team at Artis. On behalf of the Board,

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An Epic Battle Between Real Estate Giants: Trust Deeds vs. REITs

Featured RD vs REIT

Trust Deed and REIT investments are seemingly similar at first glance. They both utilize “crowdfunding” type platforms that open the door to commercial real estate investments at a lower “buy-in” than your typical real estate venture (i.e. rentals, fix-n-flips, etc.); and offer a steady stream of passive income. However, there are some key differences that you should be aware of when deciding which investment vehicle is best for your portfolio and for your tolerance for risk.

If you are unfamiliar with these types of investments or just a bit rusty, here is a brief synopsis of both. There are many different types of REITs; equity, mortgage, or a combination of both (hybrids), that can be publicly traded, non-traded, or private. Here we are going to focus on the most common, the publicly traded equity REIT; where the REIT fund managers purchase multiple properties to lease the

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Artis Real Estate Investment Trust Announces Settlement Agreement with Sandpiper Group and Retirement of CEO And CFO

WINNIPEG, MB, Nov. 30, 2020 /CNW/ – Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX.UN) announced today that it has reached an agreement with Sandpiper Group (“Sandpiper”) to withdraw its unitholder meeting request and pending litigation. Under the terms of the agreement, four existing trustees, Armin Martens, Edward Warkentin, Wayne Townsend and Bruce Jack, have tendered their resignations from the Board of Artis effective immediately. Sandpiper’s five nominated trustees: Heather-Anne Irwin, Samir Manji, Mike Shaikh, Aida Tammer and Lis Wigmore will be added to the Board. Armin Martens, President & CEO, will be retiring effective December 31, 2020 and Jim Green, CFO, will be retiring effective at the conclusion of the 2021 annual meeting of the unitholders.

Edward Warkentin, Chairman of the Board, said, “We are pleased to have come to an

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My soon-to-be ex-husband placed his money in a trust before we married, and used it to buy properties. Am I entitled to any of these?

My spouse created a revocable trust two months before our marriage without my knowledge. He placed all of his money in the trust fund. We are now getting a divorce. Am I entitled to any of his assets? Or not?

He also bought an investment property, supposedly with his trust fund, a month after marriage without my knowledge (his mom co-signed), and bought another investment property with his mom before marriage. I am the only one on the deed of the house we currently live in. 

Soon-to-be ex-wife

The Moneyist: My wife wants to pay for her sister’s $25K wedding. My future brother-in-law is blue collar — and earns more money than me 

You can email The Moneyist with any financial and ethical questions related to coronavirus at [email protected]. Want to read more? Follow Quentin Fottrell on Twitter and read more of his columns here.

Dear Soon-to-be ex,

In

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My husband placed his money in a trust before we married, and used it to buy properties. We’re getting divorced. Am I entitled to any of these?





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THE MONEYIST

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Dear Moneyist,

My spouse created a revocable trust two months before our marriage without my knowledge. He placed all of his money in the trust fund. We are now getting a divorce. Am I entitled to any of his assets? Or not?

He also bought an investment property, supposedly with his trust fund, a month after marriage without my knowledge (his mom co-signed), and bought another investment property with his mom before marriage. I am the only one on the deed of the house we currently live in. 

Soon-to-be ex-wife

The Moneyist: My wife wants to pay for her sister’s $25K wedding. My future brother-in-law is blue collar — and earns more money than me 

You can email The Moneyist with any financial and ethical questions related to coronavirus at [email protected] . Want to read more? Follow Quentin Fottrell on  Twitter and

Read More

My husband placed his money in a trust before we married, and used it to buy properties. We’re getting divorced. Am I entitled to any of these?

Dear Moneyist,

My spouse created a revocable trust 2 months before our marriage without my knowledge. He placed all of his money in the trust fund. We are now getting a divorce. Am I entitled to any of his assets? Or not?

He also bought an investment property, supposedly with his trust fund a month after marriage without my knowledge (his mom co-signed), and bought another investment property with his mom before marriage. I am the only one on the deed of the house we currently live in. 

Soon-to-be-ex-wife

The Moneyist: My wife wants to pay for her sister’s $25K wedding. My future brother-in-law is blue collar — and earns more money than me 

You can email The Moneyist with any financial and ethical questions related to coronavirus at [email protected]. Want to read more? Follow Quentin Fottrell on Twitter and read more of his columns here.

Dear Soon-to-be-ex,

It

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KKR Real Estate Finance Trust Inc. to Present at the Nareit REITworld 2020 Annual Conference

Press release content from Business Wire. The AP news staff was not involved in its creation.

NEW YORK–(BUSINESS WIRE)–Nov 16, 2020–

KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that Matt Salem, Chief Executive Officer and Patrick Mattson, President and Chief Operating Officer, will present at the Nareit REITworld 2020 Annual Conference on Wednesday, November 18, 2020 at 9:30 AM ET.

A live audio webcast of the presentation will be available on the Investor Center section of KREF’s website at http://www.kkrreit.com/investor-relations/events-and-presentations. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event.

About KKR Real Estate Finance Trust Inc.

KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of

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Inovalis Real Estate Investment Trust Announces Financial Results for the Third Quarter of 2020

TORONTO–(BUSINESS WIRE)–Nov 12, 2020–

Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today reported financial results for the quarter ended September 30, 2020.

Dollar amounts in the press release are presented in thousands of Canadian dollars and Euros except per unit amounts or as otherwise stated. Information contained in this press release is based on information available to management as of November 12, 2020.

Stéphane Amine, President of the REIT, commented “I am pleased to report that the REIT has effectively maintained its occupancy and collected rents throughout the most challenging two quarters since our initial public offering. Our investors are telling us that they appreciate the stability of strong, consistent distributions underscored by the resilience of our operating fundamentals. We are now focused on identifying opportunities for deploying the REIT’s capital that was held in reserve throughout the volatile circumstances earlier in 2020.”

HIGHLIGHTS

Net Rental Income

For

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