Friday, August 19, 2011
Heads or Tails?
I just read a short 8-K from Hines Global REIT. It bought a 100% leased office building in Canton, Massachusetts from another non-traded REIT, Inland American REIT, for $57 million. Hines estimates a first year cap rate of 9.08% on the acquisition. A cap rate this high would seem to indicate a good price for Hines Global, but I'd like to know Inland American's side of the story.
Subscribe to:
Post Comments (Atom)
1 comment:
Interesting, originally owned by Inland Western per this article:
http://www.costar.com/News/Article/Inland-To-Sell-Boston-Area-Office-Bldg-for-$57-Million/131478
Post a Comment