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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, December 22, 2015

Abu Dhabi, Canada Funds buy US properties for $3.15bn

A unit of the Abu Dhabi Investment Authority and the Public Sector Pension Investment Board, one of the largest Canadian pension investment managers, purchased 209 U.S. industrial properties from Exeter Property Group for $3.15 billion.

The buildings have 58 million square feet (5.4 million square meters) of space and are located in 25 markets throughout the U.S., according to a statement Thursday. The properties are used by both Internet and traditional retailers, suppliers and wholesalers, the companies said.

“We have great confidence in the growth potential of the U.S. industrial sector,” said Tom Arnold, head of Americas real estate at the Abu Dhabi Investment Authority. The properties were purchased by a joint venture of Henley Holding Co., a subsidiary of the authority, and the Canadian pension manager. Exeter also invested in the joint venture and will continue to manage the properties.

Owners of industrial real estate have benefited from an improving economy and the growth in Internet retailing. The Bloomberg Real Estate Investment Trust Industrial/Warehouse Index has gained 1.2 percent this year, compared with a 1 percent decline in the broader Bloomberg REIT Index.

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