Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
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Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
South Korea’s top financial watchdog attempted to revive optimism over the nation’s corporate reform initiatives to investors in New York while soothing concerns over the short-selling ban.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Feb 28, 2022
Bloomberg News
,(Bloomberg) -- Healthcare Realty Trust Inc. is buying Healthcare Trust of America Inc., bringing together two of the largest medical-office building owners in a transaction with an enterprise value of about $17.6 billion.
Shareholders of Healthcare Trust of America will receive $35.08 a share, according to a statement Monday. The new company will have a pro forma equity market capitalization of about $11.6 billion, the two firms said.
Healthcare Realty’s management team will lead the combined company, with Todd Meredith as chief executive officer and Kris Douglas as chief financial officer. The new company will operate with the Healthcare Realty name and be based in Nashville.
“We believe all shareholders will benefit from the company’s expanded national footprint from HR’s Seattle portfolio to HTA’s Boston portfolio,” Meredith said in the statement.
The combined real estate investment trust will have 727 properties totaling 44 million square feet (4.1 million square meters) and own the largest portfolio of properties on or adjacent to hospital campuses, according to the statement.
(Updates with details from statement.)
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