On Monday, Shares of Deutsche Bank AG (USA) (NYSE:DB), added 1.91% and closed at $13.90 in the last trading session. The last trading range of the stock ranges between $13.70 and $14.04. The company’s Market capitalization is $19.10 Billion with the total Outstanding Shares of 1.37 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $11.19 and reached to max level of $30.82. Deutsche Asset Administration’s (Deutsche AM) Alternatives business recently declared the acquisition of a 19-property, 3.3 million square foot industrial portfolio from International Airport Centers (IAC). The properties are located in seven major distribution markets across the US – Los Angeles, San Francisco, Seattle, Dallas, Chicago, Portland and San Diego.
The portfolio, which consists of 35 buildings, is 99% leased to 76 tenants with an average tenant size of about 40,000 square feet. Deutsche AM attained the portfolio on behalf of an institutional shareholder through direct negotiation with IAC’s investment advisor – Perlmutter Investment Company.
“The portfolio’s geographic diversity across large distribution hubs and stable tenant base makes it an attractive investment,” said Todd Henderson, Head of Alternatives – Real Estate, Americas. “We are excited about the acquisition of such a diverse portfolio of industrial real estate and “appreciate the opportunity to work with IAC on this transaction.”
Vereit Inc (NYSE:VER), dropped -0.83% and closed at $9.52 in the last trading session. The last trading range of the stock ranges between $9.51 and $9.84. The company’s Market capitalization is $9.14 Billion with the total Outstanding Shares of 965.19 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.68 and reached to max level of $11.09. VEREIT, Inc. (VER) (“VEREIT” or the “Company”) declared that it anticipates to issue, jointly with its operating partnership, VEREIT Operating Partnership, L.P., its third quarter 2016 Quarterly Report on Form 10-Q on Wednesday, November 2, 2016.
The Company will also host an earnings conference call via audio webcast on that same day at 1 p.m. Eastern Time to discuss the financial results. The call will be conducted by Glenn J. Rufrano, VEREIT’s Chief Executive Officer, and Michael J. Bartolotta, VEREIT’s Chief Financial Officer.