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- The Daily REITBeat | Wednesday, June 11th, 2025
The Daily REITBeat | Wednesday, June 11th, 2025
"Deal or No Deal?"
David Auerbach
June 11, 2025
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Futures in the red at the time of this writing as talking heads focus on the the little news provided by the China/US trade tariff “agreement in place” announced today in London ahead of today’s pivotal CPI report.
From Bloomberg
"US Treasuries and stock futures dipped ahead of key inflation data that will help shape the path for interest rates, as investors’ focus shifts from trade talks to the economic impact of President Donald Trump’s tariff war.
S&P 500 contracts fell 0.2%, leaving the US benchmark poised to snap a three-day winning streak as it hovers near all-time highs. Treasury yields rose, led by the long end of the curve, with the 10-year rate climbing two basis points to 4.49% ahead of a $39 billion auction for the tenor. The dollar was little changed.
Meanwhile, Tesla Inc. rose 1.7% in premarket trading, outperforming Magnificent 7 counterparts after Elon Musk expressed regret over his recent social-media outburst directed at Trump.
Wednesday’s report on consumer prices, along with producer price data due Thursday, will offer Federal Reserve officials a final look at inflation and the impact of high tariffs before they gather next week. Traders are increasingly betting that policymakers will cut rates only once this year."
In REIT News
OHI priced $600 million of 5.20% senior notes due 2030 and intends to use the net proceeds for general corporate purposes, which may include, among other things, repayment of its existing indebtedness and future acquisition or investment opportunities in healthcare-related real estate properties and to pay certain fees and expenses related to this offering
LINE priced $500 million of 5.25% senior notes due 2030 on behalf of its operating partnership and intends to use the net proceeds to repay amounts outstanding from time to time under its Revolving Credit Facility and for other general corporate and working capital purposes
RHP closed the previously announced acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, AZ where the purchase price for the acquisition, subject to certain purchase price adjustments, totaled approximately $865 million
GNL announced the successful closing of the second phase of the sale of its multi-tenant portfolio to RCG Ventures, LLC on June 10, 2025, including 28 encumbered properties noting that the second phase generated approximately $400 million in gross proceeds upon closing and remains on track to complete the third and final phase of the multi-tenant portfolio sale, consisting of 12 encumbered properties, by the end of the second quarter of 2025 where incremental net proceeds from the final two phases are expected to be used to reduce leverage by paying down the outstanding balance on its Revolving Credit Facility
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David Auerbach