Transaction includes spinoff of Houston assets into new publicly traded REIT.
Thomas Baltimore, Jr. is leaving RLJ Lodging Trust to become president and CEO of Hilton's planned REIT.
Hotel REIT CEO Monty Bennett says market valuations hindering lodging REIT transactions.
Merged company would continue to focus exclusively on Marriott and Hilton brands following $1.3 billion transaction.
REIT sees technology driving more investment into out-of-home advertising.
Merged company will represent more than 20 percent of Mortgage REIT industry by market cap.
REITs outpace broader market as investor concerns ease during month.
Deal will expand REIT’s portfolio of manufactured home and recreational vehicle communities.
CEO Robert Milkovich says REIT will be smaller, more durable.
CEO Steven Tanger says company eager to fill “void” in the market with new center.