A handful of other REITs were active on the M&A front this week, with several companies using end-of-quarter updates to highlight continued capital recycling and external growth. Strip Center REIT Brixmor (BRX) noted that it acquired four shopping centers for $164M during the second quarter while selling two assets for $15M, extending its steady reinvestment strategy within the open-air retail sector. SITE Centers (SITC) sold The Pike Outlets in Long Beach, CA for $50M and declared a special cash distribution of $1.00/share payable July 31, continuing its post-spin simplification and capital return strategy. FrontView (FVR) announced that it acquired 17 properties for $58M during the quarter while selling 10 properties for $23M and lifted its 2026 net investment guidance to $110M from $100M. Global Net Lease (GNL), meanwhile, continued its balance sheet simplification, selling $74M of assets since the first quarter - bringing 2026 dispositions to roughly $145M - while agreeing to acquire a 100K square foot single-tenant industrial property for $14M at an 8.2% cash cap rate. Chiron Real Estate (XRN) - formerly Global Medical - completed the sale of seven inpatient rehabilitation facilities into a $217M joint venture, retaining a 15% ownership stake and an asset management role. After a historically slow pace from mid-2023 to mid-2024, transaction activity has improved in recent quarters. REITs reported $15.9B in acquisitions in Q1 2026 and $10.8B in dispositions, resulting in a net purchase volume of $5.1B. On a trailing twelve-month basis, REITs completed $88.0B in acquisitions and $72.2B in dispositions, resulting in net purchases of $15.8B.
