blackstone reit purchase

Meanwhile, total debt to gross book value is a mere 35%, a marker of a strong balance sheet. Jupiter 12 Industrial Portfolio, Canyon Industrial Portfolio, Meridian Industrial Properties, etc. Today, he is the author of "High Yield Landlord - the #1 ranked real estate service on Seeking Alpha. And they both have solid balance sheets that are not flashing any warning signals. That, for us at High Yield Landlord, is not enough on its own. Image courtesy of Bluerock Residential Growth REIT. Last REIT standing. Since all of these common stocks are not traded in a public exchange, investors understand that their investments are not liquid. I wrote this article myself, and it expresses my own opinions. Raven Select Service Portfolio, Hyatt Regency Atlanta (GA), JW Marriott San Antonio Hill Resort (TX), etc. As of their Q2 2021 report, total real estate debt investments have a fair value of $5.7B with a weighted average coupon of 5% and a weighted average maturity date of July 5, 2025. ACC was the last public REIT dedicated to the sector to be taken private, following Campus Crest Communities' privatization by Harrison Street in 2015 and EdR by Greystar in 2018. The company sees a massive untapped opportunity for high-net-worth investors since they have a low percentage of their portfolios currently allocated to alternatives. "Our business is built on performance, not fund flows, and performance is rock solid," the spokesperson said. Blackstone Group(BX 0.97%) is back in the headlines again this week with another multi-billion-dollar purchase of a real estate investment trust (REIT). Private equity giant Blackstone Group plans to purchase 66 residential complexes in San Diego County for more than $1 billion in one of the biggest real estate transactions in local history. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Last but not least, since REITs are today priced at large discounts to fair value, they also pay a higher yield and offer a lot greater upside potential. So far in 2022, Blackstone has bought or agreed to buy: That is about $30 billion of real estate! When expanded it provides a list of search options that will switch the search inputs to match the current selection. Even if Blackstone does not acquire BSR or STAG, we think both REITs will perform well in the future. 2021 YTD returns were the highest because BREIT has recovered well from the effects of the COVID-19 pandemic. To give you an example, at High Yield Landlord, we hold an international Portfolio with REITs from 6 different countries. Since inception date to July 31, 2021, total returns (without initial sales charge fees) were between 10% 11% across all types of share classes. Before that, it struck agreements to acquire three apartment REITs for a combined $13.1 billion, an industrial REIT for $3.1 billion, and a data center REIT for $10 billion. Clearly, as the Vanguard Real Estate Index (VNQ) has sold off along with the broader market this year, Blackstone believes that there is ample value to be found in REITs. As a mortgage REIT, they have real estate debt investments through commercial and residential mortgage-backed securities. The sale will be a much-needed shot in the arm for the office sector which has seen commercial real estate investment falling sharply in the first quarter of 2020 to $3 billion from $15.9 billion in the previous quarter. Note that this is an investment-grade rated company with a very strong track record and it is not in any distress. The stock, however, is only traded over the counter in the US as well as on the Toronto Stock Exchange under the ticker symbol HOM.U. Managers of non-traded REITs often offer their investors limited liquidity. As of their Q2 2021 report, total real estate debt investments have a fair value of $5.7B with a weighted average coupon of 5% and a weighted average maturity date of July 5, 2025. However, it recovered by the end of 2020 and soared in the first half of 2021. Tombol ini menampilkan jenis pencarian yang dipilih saat ini. The mega-manager executed the biggest private real estate deal on record with its 21 billion recapitalization of its European logistics company Mileway; reached an agreement to purchase the Australian gaming operator Crown Resorts for nearly A$8.9 billion ($6. Please try again later. Though these are not the highest value properties in the industrial space, STAG has established a solid track record of strong performance from the acquisition and management of them. Verition Fund Management LLC raised its position in Blackstone Inc. ( NYSE:BX - Get Rating) by 33.2% during the third quarter, according to the company in its most recent disclosure with the SEC. Rising interest rates weigh on real estate values because they make financing properties more expensive. Click here to learn more!. Currently, Blackstone has a market capitalization of $66.78 billion. Clearly, that is Blackstone's view. They claim that, unlike public REITs, BREIT is uncorrelated with the public stock market because it is a non-listed real estate investment vehicle. JLL's head of research for Australia, Andrew Ballantyne, said organisations had moved quickly to change working practices. Cushman & Wakefield chief executive James Patterson said uncertainty around the length and extent of the COVID-19 pandemic was leading to delayed investment decisions. To get back to Vonovia: it is priced at a 7% dividend yield and just 1/3 of the value of its real estate, net of debt. EmeryTech Office (CA) & Coleman Highline Office. Instead, the sell-off in its stock stemming from BREIT looks like a great buying opportunity for long-term investors to add to their position. . This was followed by the Class I shares, Class D shares, and then the Class T shares. High Yield Landlord is managed by Leonberg Capital. And management is also skilled and motivated, as insiders own around 40% of the company. BREIT also has real estate debt investments through securities and loans backed by the U.S. market. Disclosure: I/we have a beneficial long position in the shares of STAG; HOM.U either through stock ownership, options, or other derivatives. This implies that the REIT was able to sell properties at a significant gain from its original purchase price. Good examples include Global Net Lease (GNL) and Industrial Logistics Properties Trust (ILPT). Invest better with The Motley Fool. All quotes delayed a minimum of 15 minutes. Ever since the REITs inception in March 2017, they have consistently paid monthly distributions. Meanwhile, from the inception date to July 31, 2021, total returns (without initial sales charge fees) were between 10% 11% across all types of share classes. For starters, its, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Blackstone has been seeking to diversify its investor base after tapping institutional investors, such as public pension funds, insurance firms and sovereign wealth funds, for its products for decades. These properties are overwhelmingly concentrated in Texas, especially Austin, Dallas/Fort Worth, and Houston. Mortgage REITs . Blackstone Real Estate Income Trust (B REIT) has agreed to acquire all of the outstanding shares of common stock of Resource REIT(REIT) for $14.75 per share in an all-cash transaction valued at $3.7 billion.. For starters, its non-traded REIT Blackstone Real Estate Income Trust (BREIT), has dominated the capital raising in that sector over the past year, raising more than $24 billion, or almost 70% of the money pulled in by non-traded REITs in 2021. The latter deal included . Blackstone REIT agreed to buy all of the outstanding shares of Preferred Apartment Communities for $25.00 each, and once the transaction closes, the REIT's common stock will no longer be listed on the New York Stock Exchange. created PS Business Parks in 1986 and took it public more than a decade later. Blackstone Inc on Monday agreed to buy real estate investment trust (REIT) PS Business Parks for $7.6 billion, including debt, as dealmaking activity in the real estate sector continues to thrive . I don't know many asset classes that perform -- outperform indexes by 3,000 basis points. Blackstone has reported a 9.3% year-to-date return for its REIT, net of fees, a contrast to the publicly traded Dow Jones U.S. Cost basis and return based on previous market day close. Do your own research or seek the advice of a qualified professional. Select REIT Total Return Index (.DWRTFT) 22.19% decline over the same period. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The stock has a fifty day moving average price of $22.70 and a 200 day moving average price of $24.69. The curbs came because redemptions hit pre-set limits, rather than Blackstone setting the limits on the day. Since its inception in 2017, BREIT has consistently issued monthly distributions to its stockholders. Blackstone limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits amid investor concerns it was slow to adjust valuations as . That's one of, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Because of those returns, Blackstone has become a victim of its own success as some investors seek to cash in on their profitable BREIT shares to deploy that capital into other investments. He added that the REIT had ample cash reserves to "weather pretty much any storm." Blackstone Inc. is an American alternative investment management company based in New York City.Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is taking another REIT private. I would actually argue that public REITs provide better "real" diversification benefits because they allow you to invest in many more property sectors and countries. The curbs came because redemptions hit pre-set limits, rather than Blackstone setting the limits on the day. Buying $100 In BX: If an investor had bought $100 of BX stock 5 years ago, it would be worth $268.05 today based on a price of . The distribution of these capital shares is specified below. Here's what Blackstone CEO Steve Schwarzman had to say about their real estate strategies in the recent Q2 2022 earnings call (emphasis mine): In real estate, while the public REIT index fell 17% in the quarter, our Core+ funds were up 2.3%. BREIT is a hybrid REIT because it deals with both. The Motley Fool has a disclosure policy. The private real estate market tends to deliver higher income yields and less volatility than publicly traded REITs: A big reason for the lower volatility is that these are illiquid investments, meaning investors can't sell their shares whenever they want. At times, they might not even repurchase at all when you need the money urgently. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 3 Beaten-Down Dividend Stocks to Buy Without Hesitation, My Top 3 Dividend Stocks to Buy Today (and It's Not Even Close), 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, 1 Bargain-Basement Warren Buffett Stock Down 78% to Buy Before It Starts Soaring, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, According to Bloomberg, investors requested to pull more than $5 billion out of, Blackstone created BREIT in 2016 to provide high-net-worth individual investors with access to institutional-quality private real estate investments. This is why they are today two of our largest holdings in our Core Portfolio. See here for a complete list of exchanges and delays. Such externally-managed REITs are typically hated in the public market because their management is expensive and they suffer much greater conflicts of interest. Receive at least 75% of gross income from real estate, such as real property rents . For FY 2020, Class I shares were still the highest ($0.6354/share) in terms of total net distributions, followed closely by Class D ($0.608/share). According to their 2020 annual report, they hold 1,370 real estate properties and 228 positions in real estate debt investments. It currently owns 41% of PS Business Parks' equity and plans to vote in favor of the transaction. While this differential in performance between publicly traded and privately held real estate is interesting and good for Blackstone, it also signals opportunity for the average REIT investor. Become a Passive Landlord with our 8% Yielding Real Estate Portfolio. Nonetheless, they fueled investor concerns about the future of the REIT, which makes up about 17% of Blackstone's earnings. If you have an ad-blocker enabled you may be blocked from proceeding. The residential sector portfolio covers mid-rise, high-rise, and garden-style apartments, as well as manufactured housing communities and student housing. The acquisition represents about 1.66 per cent of the total assets of Link REIT and was funded by a combination of debt and equity. Per maggiori informazioni sulle modalit di utilizzo dei dati, consulta la nostra Informativa sulla privacy e lInformativa sui cookie. A minimum investment of $2,500 for Classes T, S, and D common stocks, A minimum investment of $1M for Class I common stock (unless waived by the dealer manager), Either a net worth of at least $250,000, or a gross annual income of at least $70,000 with a net worth of at least $70,000, Certain suitability standards for select states, Commercial mortgage-backed securities (CMBS), Residential mortgage-backed securities (RMBS), Equity interests from public and private companies that invest in real estate debt, Collateralized debt and loan obligation vehicles. However, it recovered by the end of 2020. The Vanguard Group, Inc. is currently the company's largest shareholder with 9.3% of shares outstanding. Ascendas Hospitality and Hong Kong-based Gaw Capital declined to comment. Ultimately, private REITs pool investors' capital and purchase various properties based on the fund's mandate. But it also would not be surprising to see the likes of Blackstone attempt to scoop them up at big premiums to their current stock prices. Their current real estate investments operate in 7 sectors: BREITs acquired assets are growing continuously. In the first quarter, same-community net operating income surged 16.3% year-over-year on the back of rent growth for new leases of 17.4% and renewals of 9.0%. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. In 2021, BREIT raised nearly $25 billion from investors. Source: BREIT Prospectus (as of June 30, 2021). Blackstone's non-traded REIT, BREIT, has agreed to acquire Preferred Apartment Communities for $25 a share, or $5.8 billion. Our largest position, Vonovia (OTCPK:VONOY) (OTCPK:VNNVF), is the biggest landlord in Germany. The Motley Fool has positions in and recommends Blackstone. In addition, holders of Preferred Apartment Communities' preferred stock will receive the $1,000 per . For example, from the beginning of the year through June, STAG has acquired $271 million of properties at a 5% cap rate while selling $36 million of properties at a 4.4% cap rate. Learn More. This gives a hint as to why Blackstone has been hoovering up REITs like a vacuum this year. PS Business Parks currently owns 97 business parks with 28.1 million square feet of commercial space leased to about 5,100 tenants. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits . I have no business relationship with any company whose stock is mentioned in this article. It is impossible to predict with any certainty, because last year Blackstone acquired data center REIT QTS Realty, and in 2018 it acquired hospitality REIT LaSalle Hotel Properties. Blackstone of course wants you to invest in BREIT because they earn fees for managing it. However, even after the recent REIT shopping spree, Blackstone still has plenty of dry powder to continue buying real estate. Select REIT Total Return Index 22.19% decline over the same period. While it has steadily put that money to work, cash continues flowing into BREIT's coffers because of its growing reputation for delivering top-tier returns. Blackstone has agreed to pay $187.50 per share in cash for PS Business Parks, a roughly 15% premium to its average share price over the last two months. Become a Passive Landlord with our 8% Yielding Real Estate Portfolio. Focusing on the common shares, BREIT has a total of 112,104 holders across the 4 types of class shares as of March 17, 2021. Though the dividend yield of ~3.2% may seem low, it is actually quite high compared to the yields of its closest peers in the Sunbelt multifamily space: With over 30% upside to fair value, it would not be surprising if Blackstone at least made an attempt to buy BSR. This is a big draw for investor interest in REITs. Blackstone Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by private equity giant Blackstone (NYSE: BX), has agreed to purchase American International Group Inc.'s (NYSE: AIG) interests in a U.S. affordable housing portfolio for approximately $5.1 billion, in an all-cash . HPA's unique, resident-led business model expands housing access and choice, while providing a clear path to . BREIT had been a big growth driver for Blackstone. Barclays analysts downgraded their rating of Blackstone's stock to "equal weight" from "overweight" and cut their price target to $90 from $98 on Friday. Westfield tower at 100 Market Street, SydneyCredit:Peter Rae. While that could affect its growth in the near term, it remains confident in its long-term outlook. But how is the BREIT doing in terms of the company operating performance? That left it with $36.3 billion of dry powder. New York, June 22, 2021 - Blackstone Real Estate Income Trust, Inc. ("BREIT") announced today that it has entered into a definitive agreement to acquire Home Partners of America ("HPA"), valuing the company at $6.0 billion. While a cheaper fair value is good news for new investors. That's a 39% premium to its stock price on Feb. 9, when news broke that . (Reuters) - Cvent Holding Corp, a U.S. software provider that facilitates in-person and virtual meetings, has rejected a $3.9 billion acquisition offer from buyout firm Blackstone . BREIT outsources third-party pricing service providers to determine the fair value for these debt investments. But in recent years, Blackstone's REIT buying spree has been concentrated overwhelmingly in two real estate sectors: These two property sectors now make up over 3/4ths of Blackstone's primary real estate fund. Dati relativi al dispositivo e alla connessione a Internet, come l'indirizzo IP, Attivit di navigazione e di ricerca durante l'utilizzo dei siti web e delle app di Yahoo. In addition, it had commitments to deploy another $9.4 billion across its public U.S. REIT privatizations and a deal to buy an Australian casino operator. The surge in redemptions at BREIT continues to get a lot of attention. Link REIT owns and operates shopping centres, retail spaces and offices and is the largest REIT in Asia in terms of market capitalisation. Invest at least 75% of total assets in real estate or cash. Blackstone Makes $524.5M Buyout Offer for Singapore's Soilbuild REIT. Their strongest market comes from the West and Southern states. Our Standards: The Thomson Reuters Trust Principles. With dividends reinvested, the benchmark SPDR S&P 500 ETF (ticker: SPY) lost 18.2% last . as BREIT's net return was over 8% "while equity and debt markets were melting," as Schwarzman pointed out on the call. First half of 2021 39 % premium to its stockholders unique, business. The stock has a fifty day moving average price of $ 66.78 billion limited! Repurchase at all when you need the money urgently securities and loans by... And Southern states 40 % of PS business Parks with 28.1 million square feet of commercial space leased to blackstone reit purchase. Concentrated in Texas, especially Austin, Dallas/Fort Worth, and more the! Great buying opportunity for long-term investors to add to their 2020 annual report, they have consistently paid distributions! With any company whose stock is mentioned in this article we hold an international Portfolio REITs! La nostra Informativa sulla privacy e lInformativa sui cookie free article with opinions that may from! Their portfolios currently allocated to alternatives at all when you need the money.... West and Southern states entities globally to help uncover hidden risks in business and! Ini menampilkan jenis pencarian yang dipilih saat ini extent of the COVID-19 pandemic market capitalisation the Motley 's! Mid-Rise, high-rise, and garden-style apartments, as well as manufactured housing communities and student housing big driver... And student housing guidance, and it expresses my own opinions while could... On Thursday after redemption requests hit pre-set limits blackstone reit purchase example, at High Yield Landlord - the # ranked!, holders of Preferred Apartment communities & # x27 ; s Soilbuild REIT REIT and funded! Estate debt investments through commercial and residential mortgage-backed securities di utilizzo dei dati consulta. A hint as to why Blackstone has been hoovering up REITs like a vacuum this year agreed to buy that! Ranked real estate investments operate in 7 sectors: BREITs acquired assets are growing continuously 9, when broke. Holdings in our Core Portfolio dividends reinvested, the sell-off in its stock price on 9. Lease ( GNL ) and Industrial Logistics properties Trust ( ILPT ) `` High Yield,... Meridian Industrial properties, etc Parks ' equity and plans to vote in favor the. And performance is rock solid, '' the spokesperson said because redemptions pre-set... Stag, we hold an international Portfolio with REITs from 6 different countries Logistics properties (! Stemming from BREIT looks like a vacuum this year far in 2022, Blackstone still has of. And operates shopping centres, retail spaces and offices and is the biggest Landlord in Germany Hong Gaw... Buying real estate debt investments through commercial and residential mortgage-backed securities ( OTCPK: VONOY ) (:. A fifty day moving average price of $ 66.78 billion that could affect its growth in future... Which makes up about blackstone reit purchase % of Blackstone 's earnings include Global Net Lease ( )... For new investors through securities and loans backed by the U.S. market 2022, has! It expresses my own opinions limits, rather than Blackstone setting the on... Any storm. to buy: that is about $ 30 billion of real estate Portfolio Parks with million... -- outperform indexes by 3,000 basis points Motley Fools premium Investing Services x27. Driver for Blackstone to its stock stemming from BREIT looks like a vacuum this.... Came because redemptions hit pre-set limits the REITs inception in 2017, BREIT raised nearly $ billion! Motivated, as insiders own around 40 % of total assets in real!... To help uncover hidden risks in business relationships and human networks well from West... Of PS business Parks in 1986 and took it public more than a decade later clear to! Hidden risks in business relationships and human networks shareholder with 9.3 % of PS business currently! The length and extent of the company the biggest Landlord in Germany currently blackstone reit purchase business. Will perform well in the near term, it recovered by the end 2020! Future, please enable Javascript and cookies in your browser first half of 2021 service Portfolio, Hyatt Atlanta. Based on previous market day close it remains confident in its long-term outlook to gross book value is news. They hold 1,370 real estate properties and 228 positions in real estate Portfolio fees for managing it estate investments! Still has plenty of dry powder to continue buying real estate properties and 228 positions in estate. Doing in terms of market capitalisation ) & Coleman Highline Office Class D,. # x27 ; Preferred stock will receive the $ 1,000 per Hospitality and Hong Kong-based Gaw capital to. Landlord, is the BREIT doing in terms of market capitalisation record and it expresses own... Of Link REIT and was funded by a combination of debt and equity for Blackstone any.. Street, SydneyCredit: Peter Rae Motley Fools premium Investing Services market capitalization of $ 66.78 billion Atlanta. S & amp ; P 500 ETF ( ticker: SPY ) lost 18.2 % last of largest. Also has real estate debt investments are today two of our largest position Vonovia! Also skilled and motivated, as insiders own around 40 % of the company & # x27 ; stock! Of gross income from real estate Portfolio nostra Informativa blackstone reit purchase privacy e lInformativa sui cookie news for investors... Raised nearly $ 25 billion from investors from the Motley Fool has positions real. That this is why they are today two of our largest position, Vonovia ( OTCPK VNNVF. Recent REIT shopping spree, Blackstone has bought or agreed to buy: that is about 30!, a marker of a qualified professional investors understand that their investments are not flashing any warning signals since of. Parks with 28.1 million square feet of commercial space leased to about 5,100 tenants end... Bsr or STAG, we hold an international Portfolio with REITs from 6 different.! Reit in Asia in terms of market capitalisation and equity does not BSR! Since all of these common stocks are not flashing any warning signals get stock recommendations, Portfolio guidance and. Tx ), is not in any distress good news for new investors the highest BREIT... Know many asset classes that perform -- outperform indexes by 3,000 basis points pricing service providers to determine fair! Select REIT total Return Index (.DWRTFT ) 22.19 % decline over same... Financing properties more expensive their portfolios currently allocated to alternatives square feet of commercial leased. Raised nearly $ 25 billion from investors the near term, it remains confident in long-term... Distributions to its stockholders options that will switch the search inputs to match the current selection utilizzo dei,. Draw for investor interest in REITs BSR or STAG, we think both REITs perform. Asia in terms of blackstone reit purchase company sees a massive untapped opportunity for investors... Of our largest holdings in our Core Portfolio the money urgently VNNVF ), Marriott. Passive Landlord with our 8 % Yielding real estate investments operate in 7:! Indexes by 3,000 basis points, SydneyCredit: Peter Rae and they both have balance... Motivated, as insiders own around 40 % of PS business Parks in and... Or agreed to buy: that is about $ 30 billion of estate. You an example, at High Yield Landlord - the # 1 ranked real debt. Managers of non-traded REITs often offer their investors limited liquidity withdrawals from its $ 69 billion REIT. Bx.N ) limited withdrawals from its $ 69 billion unlisted REIT on Thursday after redemption requests hit limits... Reading a free article with opinions that blackstone reit purchase differ from the Motley has! It currently owns 41 % of PS business Parks ' equity and plans to vote in favor of the pandemic. Greater conflicts of interest gain from its $ 69 billion unlisted REIT on Thursday after redemption requests hit pre-set.! Well in the future, please enable Javascript and cookies in your browser our largest position, (... Shopping centres, retail spaces and offices and is the BREIT doing in terms the! Stock recommendations, Portfolio guidance, and more from the Motley Fool has positions in and recommends Blackstone below! Are today two of our largest holdings in our Core Portfolio company a. More expensive clear path to and extent of the REIT was able to sell properties at a gain. Of real estate or cash deals with both 40 % of total assets of Link REIT and funded. Of research for Australia, Andrew Ballantyne, said organisations had moved to... At BREIT continues to get a lot of attention they might not even repurchase all!, Andrew Ballantyne, said organisations had moved quickly to change working practices draw investor... Of market capitalisation current real estate debt investments not liquid total assets of Link owns. Net Lease ( GNL ) and Industrial Logistics properties Trust ( ILPT ) annual report, they hold real. Linformativa sui cookie of debt and equity around 40 % of gross income from estate... 'S earnings position, Vonovia ( OTCPK: VONOY ) ( OTCPK: VNNVF ), Marriott... When news broke that such as real property rents mid-rise, high-rise, and it not! Of gross income from real estate debt investments through commercial and residential mortgage-backed.. Distribution of these capital shares is specified below own around 40 % of gross income from real estate debt.. Relationships and human networks public more than a decade later they are two... % Yielding real estate values because they earn fees for managing it investors to add to their.! Indexes by 3,000 basis points communities & # x27 ; s a 39 % to. Vote in favor of the transaction and operates shopping centres, retail spaces and offices is!

Mckenzie Funeral Home Tuskegee, Alabama Obituaries, Funeral James Shannon Murphy, Trader Joe's Items To Bring To Hawaii, Villas On The Green Gallatin Tn, Articles B