October 10, 2011
Capmark Financial Group Inc., Horsham, said today it closed on the first stage in the sale of its low-income housing tax credit portfolio for $102.4 million. The commercial real estate lender, which emerged from bankruptcy in September, sold the portfolio to the Hunt Cos. Inc., El Paso, Texas. Hunt was the successful bidder at Capmark's bankruptcy auction. The initial part of the sale was for $63 million, and the rest is to be paid in stages, Capmark said. -Paul Schweizer
December 5, 2015 |
A subsidiary of Salt Lake City-based Bridge Investment Group Partners L.L.C. has purchased six senior-housing properties, including Arbor Terrace in Chestnut Hill, according to Holliday Fenoglio Fowler, which marketed the portfolio. ROC Seniors Housing Fund Manager L.L.C. bought the properties from a joint venture between the Carlyle Group and Capitol Seniors Housing Nov. 16, HFF spokeswoman Olivia Hennessey said Thursday. The other properties are in Corona del Mar, Riverside and Whittier, Calif.; West Bloomfield, Mich.; and Washington, D.C., HFF said.
January 15, 2013
Pennsylvania Real Estate Investment Trust, or PREIT, said it completed the sale of Paxton Towne Centre in Harrisburg for $76.8 million. The sale to Kansas-based Rubenstein Real Estate Co. L.C. represents a gain on approximately $33.6 million, and net proceeds of $24.9 million after closing costs for the trust, PREIT said in a statement. Philadelphia-based PREIT has a portfolio of 47 retail-shopping properties, including the Cherry Hill and Willow Grove Park malls, in 13 states in the eastern half of the United States.
June 18, 2015 |
American Realty Capital Hospitality Trust will acquire the Hyatt Place hotel in Princeton, New Jersey, in a deal to buy 13 hotels in nine states for $300 million, the company said in a statement Tuesday. The New York-based investment trust plans to purchase the portfolio of hotels from affiliates of Noble Investment Group, a hospitality real estate private equity firm in Atlanta. The deal, along with other recent acquisitions, would bring ARC Hospitality's total portfolio to 166 hotels with nearly 20,200 rooms across 34 states, the company said.
September 6, 2012 |
We all do it: We don't sell a stock when we should, even after the share price has hit our hoped-for target, or it has lost value and stayed low. We fall in love with our portfolio holdings. Professionals offer tips on how to sell as a discipline. We checked in with the folks running Logan Capital Management's Concentrated Value portfolio day to day. Marvin Kline and Rich Buchwald, managing directors at the $2 billion Ardmore money-management firm, are Penn alums (one undergrad, one grad school)
November 21, 2013 |
You don't have to be a professional to invest smartly - get informed and educate yourself. That's exactly what Rita Miller did when she joined the Philadelphia-area chapter of Better Investing, a national nonprofit club. Better Investing chapters help retail investors study portfolios and host events to learn about picking stocks. Miller and her club members meet monthly to go over their portfolio of 11 stocks, which currently include CH Robinson Worldwide (Symbol: CHRW); automotive suppler LKQ Corp.
December 5, 2013 |
Hard to believe, but as of Wednesday, there are fewer than 20 trading days left in the year. So, if you want to take profits in your stock portfolio, now would be the time. Almost all major asset classes except commodities have posted gains this year: The S&P 500 equity gauge has rallied 26 percent, on pace for its biggest annual gain since 2003, and reached an all-time high on Nov. 27. The 2014 market is unlikely to match 2013's stellar gains. "Equities may post further gains in the year ahead, despite the strong runup this year and the abiding potential for some pullback," notes Sage Financial Group, of West Conshohocken, in its latest note to investors.
February 14, 2014 |
What is the main difference between a mutual fund and a hedge fund? These days, the goodies inside the portfolios are strikingly similar. The only difference might be the wrapping paper. For instance, which is riskier? A hedge fund holding hundreds of diversified stocks, or a mutual fund such as the popular Fairholme Fund (symbol: FAIRX), which has about 40 percent in one stock - the recovering insurer AIG? An investor's aptitude for risk should be the result of analysis. To navigate the increasingly blurred lines between mutual funds and hedge funds, we checked in with Brian Portnoy, whom I first interviewed a decade ago when he was a mutual fund analyst for the Morningstar Inc. database.
April 1, 2014 |
If you're a fan of buying low and selling high, then some (but not all) markets outside the U.S. might represent value for your portfolio. We interviewed Mebane Faber (his first name is Scottish, pronounced "meb-bin"), a portfolio manager running about $350 million in assets. His firm recently launched a new exchange-traded fund called the Cambria Global Value ETF (GVAL). This fund invests in roughly 100 stocks in the world's most undervalued markets, and Faber says those are - brace yourselves - Greece, Russia, Hungary, Ireland, Spain, Czech Republic, Italy, and Portugal.
September 16, 2012 |
To the long list of investing strategies, add this: I'll have what she's having. That's the idea behind Ditto Trade, an online brokerage for anyone who has faith in cousins, best friends or next-door neighbors who are always bragging about their stock-trading chops. Attach your investment portfolio to theirs, and whenever they make a trade, so will you. No time to watch the market? No problem, as long as you trust the instincts of your Uncle Herb. Ditto Trade's CEO, Joe Fox, said his company will empower the stock-trading masses.