New York REIT to Be Acquired by Washington-Area Landlord JBG

Updated on
  • New company formed with $8.4 billion enterprise value
  • REIT had been under pressure to boost shareholder returns

New York REIT Inc., a landlord that’s been under pressure from investors to boost shareholder value, agreed to be acquired by closely held JBG Cos., creating an $8.4 billion real estate company focused on New York and Washington-area properties.

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