Pebblebrook sells Hotel Zags for $10 million
Pebblebrook Hotel Trust (NYSE:PEB) completed the $10 million sale of the 174-room Hotel Zags in Portland, Oregon, to a third party on October 8, 2026.
Pebblebrook Hotel Trust (NYSE:PEB) completed the $10 million sale of the 174-room Hotel Zags in Portland, Oregon, to a third party on October 8, 2026.
DiamondRock Hospitality (NYSE:DRH) acquired the 79-room Bellmoor Inn & Spa in Rehoboth Beach, Delaware, for total consideration of $31.0 million using cash on hand.
AppFolio (NASDAQ:APPF) shares fell 6.6% to $189.87 on Wednesday after UBS downgraded the real estate software company to Neutral from Buy, citing a more balanced risk-reward outlook.
CTO Realty Growth (NYSE:CTO) acquired Summit Woods Crossing, an open-air shopping center in the Kansas City metropolitan area, for $103 million.
Global Net Lease (NYSE:GNL) declared a common stock dividend of $0.190 per share for the fourth quarter of 2026, with payment scheduled for October 16, 2026.
The Generation Essentials Group (NYSE:TGE) reported unaudited first-half 2026 net profit of US$22.8 million compared with US$2.1 million a year earlier, supported by business growth and the absence of a prior-year share-based payment expense.
InterGroup (NASDAQ:INTG) reported fiscal 2026 financial results, returning to GAAP profitability as improvements in its hotel operations contributed to stronger performance.
Brixmor Property Group (NYSE:BRX) and Everview Partners agreed to acquire Slate Grocery REIT in a $2.34 billion transaction involving 115 grocery-anchored centers.
Four Corners Property Trust (NYSE:FCPT) acquired an automotive service property leased to a national operator for $3.5 million through a sale-leaseback transaction.
Better Home & Finance (NASDAQ:BETR) opened an investigation into allegations that director and former CEO Vishal Garg sought to exchange company interests and property for shareholder consents supporting his proposal to replace the board.
KKR (NYSE:KKR) and Mirastar, KKR Real Estate’s European industrial and logistics platform, have acquired a portfolio of eight UK logistics assets from funds managed by Ares Management Corporation Real Estate.
W. P. Carey (NYSE:WPC) announced that its Board of Directors increased the quarterly cash dividend to $0.950 per share, representing an annualized dividend rate of $3.80 per share.
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