|Bid||249.73 x 900|
|Ask||249.87 x 800|
|Day's Range||245.02 - 250.18|
|52 Week Range||93.91 - 253.93|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||19.03|
|Earnings Date||Nov 01, 2021 - Nov 05, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 14, 2019|
|1y Target Est||310.00|
JLL announced today that its Capital Markets group arranged debt and equity financing for the redevelopment of 40 Thorndike, a 475,000-square-foot mixed-use project with office, residential and retail uses in East Cambridge, Massachusetts.
Real estate investment trusts (REITs) are publicly traded companies that allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. They allow investors to easily invest in the real estate sector, which includes companies that own, develop, and manage residential, commercial, and industrial properties.
The sale comes as the District-based real estate investment trust works to shift its focus from office and retail to multifamily.