Tag Archives: exploring

Unchained employment: Progressively, people are exploring the perks and mistakes of working as independent professionals

[unable to recover full-text material] A research study by Intuit anticipated that by 2020, 40 percent of American employees would be independent specialists. A variety of forces are behind the rise in short-term jobs. For one, the labor force in this digital age is increasingly mobile, and work can be done from essentially anywhere, decoupling job and location.

Ashford Exploring Sale of More Hotels

Ashford Prime’s 10 Luxury Hotels Up for Grabs as REIT Explores Strategic Alternatives

Ashford Hospitality Prime Inc. has actually chosen to explore a complete range of strategic alternatives, including a possible sale of the company.

Dallas-based Ashford Hospitality Prime has focused on purchasing luxury hotels situated in resort and entrance markets. Since June 30, it owned and run 10 hotels in 6 states and the District of Columbia. The portfolio includes eight wholly-owned hotel buildings and 2 hotel buildings in which it has controlling interest. These hotels represent 3,707 overall living rooms, or 3,472 net spaces.

Ashford Prime values its profile at about $979 million for the quarter ended June 30.

“We do not think Ashford Prime’s present share rate accurately shows the business’s intrinsic value. While we are positive in our strategic strategy, we have concluded that we need to think about all other chances to take full advantage of investor value,” said Monty J. Bennett, Ashford Prime’s chairman and CEO.

The Independent Directors are in the starting phase of the strategic testimonial, and there can be no assurance they will participate in any transaction.

The REIT has retained Deutsche Bank Securities Inc. as their monetary consultant to aid in this procedure.

Ashford Hospitality Prime became a public business in November 2013, when Ashford Hospitality Trust Inc. completed a sequel of its luxury hotels. Ashford Trust controls a bit more than 15 % of Ashford Prime.

Earlier this summer following a full analysis of the possible strategies, Ashford Trust listed for sale a profile of 23 select-service hotels and will certainly take an opportunistic technique to offering the continuing to be select-service hotels in the future. The value of that profile is estimated in between $575 million to $600 million range. It expects to finish a sale of that portfolio in early 2016.

$3.3 Billion Chambers Street Characteristics Exploring Possible Sale

News of Possible Sale of Suburban Office, Industrial REIT Surprises Financiers, Experts

The board of Chambers Street Characteristics, the $3.3 billion realty investment trust previously called CB Richard Ellis Realty Trust, is reported to be checking out a possible sale after getting takeover interest.

The news broke all of a sudden this week during at Chambers Street’s presentation at REITWeek 2015.

“As an openly traded company we’re constantly exploring alternatives, however I can’t discuss any speculation and market rumors,” interim CEO Martin Reid stated when asked about the possible sale during his discussion.

Reid, the business’s previous CFO, took control of in March after former CEO Jack Cuneo resigned suddenly from all his company positions.Share with Your Fans on Twitter Tweet”It is our opinion that

office structure in Cary, N.C., for $16.4 million. In December 2014, it sold four multi-tenant office possessions totaling 534,849 square feet for an aggregate rate of $66.3 million. And a month previously, sold two office equipments for aggregate profits of $44.9 million.

As of its discussion this week, Chambers Street still possessed 48 workplace homes totaling 7.9 million rentable square feet with an occupancy of 98.9 %.

Mitch Germain, a REIT medical analyst for JMP Securities, said he wasn’t shocked by the remark that the Chambers Street board is currently thinking about a sale because the shares have actually underperformed the more comprehensive REIT index because their May 21, 2013 listing, declining 12 % inned comparison to a 10 % increase in REITs over that time frame.

“We associate that (share rate underperformance) rather to portfolio mix, with majority of rents produced by single-tenant, suburban workplace,” Germain noted.

While there has actually been no definitive word on the possible suitor is, Germain stated that another REIT is the possible suitor, which he discovered unexpected because that particular REIT’s financiers “tend to have a lukewarm viewpoint towards suburban office.”

WPT Industrial REIT Exploring Strategic Alternatives

Canadian REIT Possesses 15.1 Million-SF Industrial Portfolio in U.S.

Toronto-based WPT Industrial Property Financial investment Trust has formed an unique committee to check out strategic options – successfully putting its 15.1 million-square-foot U.S. industrial portfolio up for sale.

The Eastdil Secured division of Wells Fargo Securities LLC and CBRE have been employed as monetary advisors by the REIT and Goodmans LLP is working as legal counsel.

WPT warned that the process might not result in a deal and the REIT said it does not plan to disclose further property developments unless a specific deal takes place. Nevertheless, there is little doubt the move results from the high assessments investors have actually bestowed on industrial building just recently.

WPT Industrial owns 46 commercial homes and two office buildings in 13 states in the united state First quarter 2015 occupancy stood at 98.9 %.

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The REIT’s share price jumped almost $1 to $12.25 per share on the news. The REIT currently has a market cap of about $415 million.

For the 3 months ended March 31, 2015, financial investment properties earnings was $16.4 million, representing a 27.5 % increase compared with the first quarter of 2014 due mostly to the contribution from 10-property acquisitions finished over the last 12 months and enhanced occupancy. Its net operating earnings for the first quarter of 2015 was $12.5 million, representing a 32 % increase compared with the first quarter of 2014.

In February of this year, MPT indirectly got a 100 % rented, 2.3 million square foot portfolio of 6 commercial financial investment homes in Memphis, TN for $86.7 million.