Reckson New York Property Trust (RNY), the first Australian-listed property trust focused on investi
Reckson New York Property Trust (RNY), the first Australian-listed property trust focused on investing in office properties in the suburban New York tri-state area, this week announced its decision sell down its office and flex assets in an “orderly and strategic manner” over the next 12 to 24 months.
RNY is not alone. Other office REITs with exposure to suburban office markets in the New York, New Jersey and Washington DC regions have recently…
Source: Co Star Commercial Real Estate
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