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Content tagged with: Transactions

AHIP buys 12 U.S. hotels, transitions to ‘premium’ brands

RENX Staff Commercial Transactions International Nov. 28 2019

American Hotel Income Properties REIT (HOT-UN-T) said in June it planned to become exclusively an owner of “premium-branded” U.S. hotels. Today, the company has fulfilled that goal with the announcement it will acquire 12 such properties in six U.S. states,

Allied issues $345M in units to help fund $1B in growth

Don Wilcox Residential Transactions National Nov. 27 2019

Allied Properties REIT (AP-UN-T) will offer up to $345 million in units to raise equity for its ongoing acquisitions and extensive value-add programs. The offering is designed to help Allied remain leverage-neutral during a year when it has committed about

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