Good Morning!! What’s in the news today??
O: Moody's upgrades senior unsecured rating to “A3” from “Baa1” with a stable outlook
SIR: Announced that its subsidiary, Industrial Logistics Properties Trust (ILPT) filed registration statement with SEC for a $100 million IPO where “ILPT will own almost all of SIR’s industrial properties located in Hawaii, totaling 226 properties, as well as 40 industrial and logistics properties located in 24 other states and upon completion of the IPO, it is expected that SIR will continue to own a majority of ILPT’s outstanding common shares”
KIM: Announced plans for Mill Station, a new, open-air shopping destination at the former site of the Owins Mills Mall in Baltimore, MD that will be anchored by Costco
EPR: Announced redemption of its 6.625% Series F Cumulative Redeemable Preferred shares for $25.299045/share on December 21st
APTS: Announced acquisition of The Overlook at Crosstown Walk in Tampa, FL for $22.2 million
ALEX: Announced the sale of Midstate 99 Distribution Center in Visalia, CA for $33.4 million
DRE: Announced special cas h dividend of $.85/share payable on December 12th to holders on record at the close on December 1st