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Vornado secures 54th Street development site in $141M deal

Vornado Realty Trust (NYSE:VNO) has finalized the acquisition of 3 East 54th Street, a strategic Manhattan development site, for $141 million.

The deal, completed on January 7, effectively converts a distressed debt position into a fee-simple ownership of 18,400 square feet of prime Plaza District land.

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Strategic Storage Growth Trust III acquires three-property self-storage portfolio

Strategic Storage Growth Trust III, a private real estate investment trust (REIT) sponsored by SmartStop Self Storage REIT (NYSE:SMA), announced the acquisition of a three-property self-storage portfolio in Spartanburg County, South Carolina.

Leia mais: Strategic Storage Growth Trust III acquires three-property self-storage portfolio