Top Real Estate News for Monday, Nov. 15, 2021: Cell Tower Giant to Buy Data Center REIT
Real estate investors today are mulling news about Trump International Hotel in Washington, D.C., and a deal pending between two REITs. We've also got a look at a tempting dividend yield, whether it makes sense to list your house right now, and three other REITs that are worth a look.
American Tower to buy CoreSite Realty
American Tower (NYSE: AMT) announced today that it has agreed to buy fellow
CoreSite stock was up around 1:40 p.m. and American Tower stock was down.
American Tower already is the largest REIT and mobile tower provider out there, and buying a data center operator makes a lot of sense as AMT builds out its global digital communications network.
Trump reaches deal to sell Trump International Hotel in Washington, D.C.
Former President Donald Trump's family business has reached a deal to sell Trump International Hotel in downtown Washington, D.C., for $375 million to CGI Merchant Group in Miami and rebrand it as a Waldorf Astoria, according to published reports.
The hotel lost money, but the sale price will still mean a profit for the Trumps, according to the published reports. Privately held CGI Merchant Group is showing its confidence in a business where
Is listing your home during this holiday season a good idea?
Today's situation is unlike years past, when the advice would normally have been to wait until spring to sell, if possible. But if you're on the fence about listing during this holiday season or waiting for spring, Motley Fool contributor Laura Agadoni, a seasoned real estate investor and agent, reports that there's really
Laura points out that the lack of competition right now and the prospect of rising interest rates looming could be good reasons to get off the fence.
How safe is Omega Healthcare's dividend?
When the coronavirus pandemic hit in 2020, senior housing was on the front lines. Operating performance has improved since the worst of the industry downturn, but Omega Healthcare Investors (NYSE: OHI) is starting to show increasing signs of stress. It just made one notable dividend decision that shouldn't be ignored.
Motley Fool contributor Reuben Gregg Brewer
3 REITs to build your portfolio around
REITs can be outstanding foundations for a diverse portfolio because of their range of sectors and requirements to return dividends to investors. If you're looking to start or expand your real estate portfolio, here is a look at three REITs you could
Motley Fool contributor Liz Brumer-Smith talks about Prologis (NYSE: PLD), Invitation Homes (NYSE: INVH), and Switch (NYSE: SWCH). The first two are major players in the industrial and short-term rental sectors, while the third is a newcomer among data center REITs.
10 stocks we like better than American Tower
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