JBG keeping nearly $2B in assets out of NY REIT merger

From left: Matt Kelly and Michael Happel New York REIT’s proposed merger with Washington, D.C.-area landlord JBG Companies comes with a slight catch. JBG is withholding around $1.8 billion in assets from the combined company. Regulatory filings detailing the deal – which will see JBG and New York REIT merge to form a new publicly […]

New York REIT, JBG announce merger

1440 Broadway in Midtown (inset, from left: Michael Happel and Matt Kelly) UPDATED, 6:30 p.m., May 25: New York REIT is merging with the Maryland-based JBG Companies, in a deal that will form a new real estate investment trust with roughly $8.4 billion in assets, both sides announced Wednesday. The transaction will see private real estate […]