Thursday, December 22, 2016

Year in Review 2016: For JBG and Vornado, the second time was the charm

The JBG Cos. suffered one of its most public disappointments over the summer, when it was forced to call off its planned merger with New York REIT Inc. (NYSE: NYRT) to form what would have become an $8.4 billion enterprise to be called JBG Realty Trust Inc. JBG Managing Partner Matt Kelly declined to call it a setback but said his Chevy Chase-based development firm wasn’t pursuing any other paths to become a publicly traded real estate investment trust. The status quo for JBG, which has relied on…



from http://www.bizjournals.com/baltimore/news/2016/12/22/year-in-review-2016-for-jbg-and-vornado-the-second.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/154807196477

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