REIT Merger Monday • Hopes Of Peace • Week Ahead

February 28, 2022 | Hoya Capital

REIT Merger Monday • Hopes Of Peace • Week Ahead Real Estate Daily Recap Feb 28 Written By U.S. equity markets were mixed Monday as investors assessed developments in the Russia/Ukraine conflict and parsed the financial and geopolitical ramifications of the latest round of sanctions and potential peace talks. Retreating after a two-day rally but paring its losses with a rebound into the close, the S&P 500 finished lower by 0.3% today while the tech-heavy Nasdaq 100 gained 0.4%.

Real estate equities were among the laggards today despite the sharp retreat in long-term interest rates as the Equity REIT Index slipped 1.5% with 17-of-19 property sectors in negative territory. Confirming reports last week, medical office building owners Health Trust of America (HTA) and Healthcare Realty Trust (HR) announced an agreement to merge in an $18B deal that will create the largest pure-play medical office building owner in the United States.

W.P. Carey (WPC) announced that it will acquire Corporate Property Associates 18 (CPA:18), a non-traded REIT managed by WPC, in a transaction valued at $2.7B that will "essentially conclude the company's exit from investment management." Income Builder Daily Recap We recently launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research.

Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging. If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets were mixed Monday as investors assessed developments in the Russia/Ukraine conflict and weighed the financial and geopolitical ramifications of the latest round of sanctions and potential peace talks.

Retreating after a two-day rally but paring its losses with a rebound into the close, the S&P 500 finished lower by 0.3% today while the ...