The JBG Cos. and New York REIT Inc. will merge to create a publicly traded real estate investment trust worth $8.4 billion, New York REIT (NYSE: NYRT) disclosed in a regulatory filing with the Securities and Exchange Commission after the markets closed Wednesday. JBG, the prolific 56-year-old privately held Chevy Chase real estate developer and landlord, has been seeking a creative way to recapitalize for more than a year now, and it looks like it found the answer in its new New York partner. The…
from http://www.bizjournals.com/baltimore/blog/real-estate/2016/05/its-officialjbg-to-merge-with-new-york-reit.html?ana=RSS%26s=article_search
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