Residential REIT's

Equity LifeStyle Properties (NYSE: ELS) today announced that it has commenced an underwritten public offering of 5,250,000 shares of common stock. Goldman, Sachs & Co. is acting as lead book-running manager of the public offering. The Company expects to grant the underwriters a 30-day option to...

Equity LifeStyle Properties (NYSE: ELS) entered into purchase and other agreements with certain affiliates of Hometown America, L.L.C. to acquire a portfolio of 76 manufactured home communities containing 31,167 sites on approximately 6,500 acres located in 16 states (primarily located in Florida...

As takeover targets become scarce, Carlyle Group, KKR (NYSE: KKR) and other buyout specialists are becoming asset managers that run hedge funds and strip malls, according to a report in Bloomberg. Blackstone Group (NYSE: BX), the largest private-equity firm, earns twice as much from owning office...

According to J.P. Morgan, AvalonBay Communities (NYSE: AVB) 2011 and 2012 FFO estimates are upped. J.P. Morgan said that it is changing its 2Q11, 2011, and 2012 FFO estimates to $1.12, $4.74, and $5.42/share, relative to previous forecasts of $1.14, $4.67, and $5.35/share – largely higher with the...

JP Morgan has raised the price target on AvalonBay Communities (NYSE: AVB) from $118 to $122 and maintains its Neutral rating.

Freddie Mac (OTC: FMCC) today announced a new offering of Structured Pass-Through Certificates, multifamily mortgage-backed securities. The company expects to offer approximately $538 million in K Certificates, which are backed by 19 multifamily properties owned by Apartment Investment &...

In a recent report from Keefe, Bruyette & Woods, Apartment Investment & Management (NYSE: AIV) is refinancing, extending and fixing parts of their debt now that the Apartment fundamentals industry are now in recovery. Keefe, Bruyette & Woods maintains a $31.00 price target on AIV. In...

Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 121 points to 12,345.00 and futures on the S&P 500 stock index fell 13.10 points to 1,314.70. Nasdaq 100 futures dropped 24.25 points to 2,319.25. A Peek Into Global Markets Asian...

Education Realty Trust Inc. (NYSE: EDR) today completed the purchase of Westminster House, an historic collegiate housing community adjacent to the University of California, Berkeley for $16.3 million. The Westminster House community, comprised of two buildings adjacent to the north and south...

Apartment Investment and Management Company (NYSE: AIV) announced today that it has completed a series of financing transactions over the last six months that repaid 19 non-recourse property loans scheduled to mature between 2012 and 2016 with proceeds from new long-term, fixed-rate, non-recourse...

Goldman Sachs cut its rating on Apartment Investment (NYSE: AIV) from Neutral to Sell.

UMH Properties, Inc. (NYSE: UMH) today announced the launch of an underwritten public offering of 1,000,000 shares of the Company's Series A Cumulative Redeemable Preferred Stock, under an existing shelf registration statement. The underwriters are expected to be granted a 30-day over-allotment...

Wunderlich is out with its report today on Post Properties (NYSE: PPS), initiating coverage at Hold. In a note to clients, Wunderlich writes, "We are initiating coverage of Post Properties, Inc. with a Hold rating and a $41 price target on the shares. We expect current portfolio and development...

Wunderlich Securites is initiating coverage on BRE Properties (NYSE: BRE) with a Buy rating and a price target set at $54. Says Wunderlich, in its report, “We are initiating coverage of BRE Properties, Inc. (BRE) with a Buy rating and a $54 price target on the shares. We believe the company's...

Essex Property Trust, Inc. (NYSE: ESS) a fully integrated Real Estate Investment Trust that invests in apartment communities located in highly desirable, supply-constrained markets, announced today that the Company has acquired Arbors at Parc Rose, a 373-unit community located in Oxnard, California...