Home Archives for March 2019

Month: March 2019

Barclays Remains Constructive on Industrial Sector

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Ross Smotrich, managing director at Barclays, participated in a video interview during Nareit’s CEO Forum & Advocacy Day at The Hay-Adams hotel in Washington, D.C.

Smotrich said there is “no question” that industrial REITs have benefited from tremendous tailwinds, evident by their double-digit returns over the last few years. He said strong supply and demand dynamics and positive investor sentiment have been drivers of this growth.

Cousins Properties, TIER REIT to Merge

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Cousins Properties (NYSE: CUZ) and TIER REIT, Inc. (NYSE: TIER) said March 25 that they have agreed to merge in a 100 percent stock-for-stock transaction. The new company will have a combined portfolio of over 21 million square feet, an equity market capitalization of approximately $5.9 billion, and a total market capitalization of approximately $7.8 billion.