Archive for  November 2016

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Pure Industrial Real Estate Trust (TSX: AAR.UN) (“PIRET), an unincorporated, open-ended investment trust headquartered in Vancouver, BC, struck a deal with Boston-based STAG Industrial Management (NYSE: STAG) to acquire six warehouse/distribution centers totaling nearly 1.6 million square feet across the Atlanta, GA and Charlotte, NC markets for $81 million ($106 million CAN), or approximately $52 per square foot ($68 CAN). The six properties are…

Atlanta-based Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC”) late last week acquired and has rezoned Galleria 75 in Atlanta where the firm can elect to develop a mixed-use project able to accommodate up to 600 units. Currently home to 110,000-square-foot office building, the seven-acre site at 3200 Cobb Galleria Pky. SE is located minutes from the I-75/I-285 interchange as well as Cumberland Mall and Cobb Galleria Centre in northwest…