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- The Daily REITBeat | Tuesday, March 18th, 2025
The Daily REITBeat | Tuesday, March 18th, 2025
"An Important Phone Call"
David Auerbach
March 18, 2025
Good Morning!
Futures in the red at the time of this writing as talking heads set the stage for a busy economic calendar day along with a potential phone conversation between Presidents Trump and Putin as markets “navigate market volatility and policy uncertainty”.
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From Bloomberg
"Wall Street was set to resume its slide and gold hit new record highs as concerns grew over the economy and developments around Gaza and Ukraine dented sentiment.
Futures for the S&P 500 and Nasdaq 100 slipped at least 0.2% as Russian President Vladimir Putin was said to be demanding a suspension of all weapons deliveries to Ukraine during a ceasefire proposed by Donald Trump. Meanwhile, Israel shattered a nearly two-month ceasefire with Hamas by launching airstrikes across Gaza. Those events add to concerns the US economy is losing steam as a result of Trump’s trade and labor policies.
Oil prices rose for a third day, while gold prices rallied above $3,000 an ounce and gold exchange-traded funds saw a fifth day of inflows."
In REIT News
DLR announced with Bersama Digital Infrastructure Asia (BDIA) the formation of Digital Realty Bersama, a 50-50 JV to develop and operate data centers across Indonesia which extends PlatformDIGITAL® into the dynamic Indonesian market, directly supporting the acceleration and growth of its digital economy driven by the country's young and digitally savvy population and notes that the JV owns and operates a connected campus that includes a recently launched, state-of-the-art data center (CGK11) strategically located in Central Jakarta and another data center (CGK10) located in West Jakarta that launched with 5 megawatts (MW) of IT load capacity and is expected to support up to 32MW through its next phase of expansion
COLD signed an agreement to acquire a facility in Houston, TX for a total investment of approximately $127 million including planned expansion and equipment upgrades noting that the acquisition will add roughly 35,700 pallet positions to its cold storage warehouse portfolio
CCI announced the appointment of Katherine Motlagh to its board of director effective March 17th and the appointment of Sunit Patel to the position of Executive Vice President and Chief Financial Officer effective April 1 plus Moody’s affirmed its “Baa3” senior unsecured debt rating plus affirmed its Prime-3 commercial paper rating, “(P)Baa3” senior unsecured shelf rating and “(P)Ba1” subordinate shelf and preferred shelf ratings and revised its outlook to negative from stable
Moody’s affirmed EQIX’s “Baa2” senior unsecured ratings and revised its outlook to positive from stable
Yesterday morning, REG announced the acquisition of Brentwood Place Shopping Center, a community center and premier retail destination in Brentwood, TN noting that it spans approximately 320,000 sf, including more than 100,000 sf of shops and top-tier anchors including Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods, and Golf Galaxy which is 95% leased
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Welcome your comments and feedback.
Have a great day!
David Auerbach