Economic activity has roared back to life in 2021 and one especially busy area of late has been the world of REIT mergers. According to research from JLL, REIT merger and activity year-to-date had reached $70 billion as of early June, and that robust deal flow is expected to continue throughout the second half of the year.
“The obvious observation, besides the headline number of $70 billion and growing, is that it is a pretty diverse mix of asset classes that are represented,” says Sheheryar Hafeez, a managing director in the New York office of JLL Capital Markets, Americas. Major deals have been announced in industrial, retail, net lease and hotels to date.
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