Recently, I added LAND to the Intelligent REIT Lab, and the Monthly Dividend Portfolio. A few days ago, I was in Washington, DC, and I meet up with Gladstone’s CEO, David Gladstone. I decided to provide readers with this interview, in which I included several questions from readers and followers.
Back in May (2015), Apple Hospitality (NYSE:APLE) began trading on the New York Stock Exchange. Previously structured as a non-traded REIT and in connection with the listing, APLE said it commenced a modified Dutch auction tender offer to purchase up to $200 million of its common shares.
Lexington Realty Trust (LXP) was founded in 1973 and went public in 1993 (24 years ago). While the majority of the company's properties are free-standing buildings, a few of the buildings (3.8% of ABR) are multi-tenant. It owns a diversified portfolio of 188 properties across 40 U.S. states.