NOI

Walker & Dunlop Lists Milhaus’ Artistry, Indianapolis’ Iconic Mixed Use Apartment Complex

Retrieved on: 
Lundi, juin 3, 2024
Professional Services, Business, Other Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Asset Management, Multimedia, NOI, Eli Lilly, Indiana University, Fannie Mae, Salesforce, RealPage, Walker & Dunlop, Acquisition, Growth, Millhouse, Artistry, Muses, Commercial property

Walker & Dunlop, Inc.'s Midwest Investment Sales team announces its role as the exclusive advisor for Artistry, an iconic mixed use apartment complex in the cornerstone of Indianapolis' urban residential landscape.

Key Points: 
  • Walker & Dunlop, Inc.'s Midwest Investment Sales team announces its role as the exclusive advisor for Artistry, an iconic mixed use apartment complex in the cornerstone of Indianapolis' urban residential landscape.
  • View the full release here: https://www.businesswire.com/news/home/20240603861307/en/
    The newly acquired Walker & Dunlop Indiana Investment Sales team, led by Steve LaMotte Jr ., is a longtime advisor to client, manager and developer, Milhaus.
  • Walker & Dunlop is a leader in multifamily property sales, having completed over $8.7 billion in property sales volume in 2023.
  • Over the same period, Walker & Dunlop originated over $24 billion in debt financing volume, including lending over $20 billion for multifamily properties.

National Storage Affiliates Trust Announces Internalization of its PRO Structure

Retrieved on: 
Lundi, juin 3, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Name, G&A, LP, NOI, Pros, NSA, Tenant, PRO, Insurance, OP, IPO, Data analysis, Acquisition, SP, Partnership, Growth, FFO, Security (finance)

National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA), announced an agreement in principle for the internalization of its participating regional operating (“PRO") structure, which is expected to close on July 1, 2024.

Key Points: 
  • National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA), announced an agreement in principle for the internalization of its participating regional operating (“PRO") structure, which is expected to close on July 1, 2024.
  • David Cramer, President and CEO commented, “The internalization of the PRO structure marks the beginning of the next exciting chapter for NSA.
  • Arlen Nordhagen, co-founder of NSA and Vice Chairperson of the Board, commented, “The PRO structure has been instrumental in driving NSA‘s tremendous growth over the years.
  • We have been truly fortunate to build our company with such a highly experienced group of self storage operators.

Chatham Lodging Trust Acquires Home2 Suites Phoenix Downtown

Retrieved on: 
Vendredi, mai 31, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Other Travel, Lodging, Destinations, Other Construction & Property, Travel, Residential Building & Real Estate, FFO, Museum, Convention center, Heart, Population growth, RevPAR, University, Fisher, Phoenix Convention Center, Chase Field, Sale, Conference, Sport, Footprint Center, Growth, NOI, Student, Acquisition, Arizona State University, Suns, Food, Arizona Diamondbacks, Mercury

Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that the company has acquired the recently opened, 148-room Home2 Suites by Hilton Phoenix Downtown for $43.3 million or approximately $293,000 per room.

Key Points: 
  • Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that the company has acquired the recently opened, 148-room Home2 Suites by Hilton Phoenix Downtown for $43.3 million or approximately $293,000 per room.
  • The institutional quality, six-story hotel sits in the heart of Downtown Phoenix and includes the historic Fuller Paint Company Building that houses the hotel’s customized public spaces, including a signature food & beverage outlet.
  • Downtown Phoenix is a vibrant, 1.7 square miles that drives incredibly diverse demand for hotels into its urban core.
  • The hotel enters a thriving lodging market as Phoenix has experienced the second highest RevPAR CAGR over the past five years.

Report on Financial Results for the Three Months Ended March 31, 2024

Retrieved on: 
Mardi, mai 28, 2024
Insurance, FFO, EBIDTA, Demand, Analysis, Tax, ACFO, Investment, Debt, Sale, MD, Liquidity, NOI, System, Adjustment, Knowledge, Nature, Public expenditure, Disclosure, TSX Venture Exchange, Security (finance)

In addition to IFRS results, these measures are also used internally to measure the operating performance of our property portfolio.

Key Points: 
  • In addition to IFRS results, these measures are also used internally to measure the operating performance of our property portfolio.
  • In addition, Urbanfund’s method of calculating non-IFRS results may differ from other reporting issuers, and, accordingly, may not be comparable.
  • Urbanfund has reviewed these guidelines and adopted certain measures, where appropriate, commencing with our fourth quarter 2017 reporting.
  • A reconciliation of FFO to IFRS net income is presented under the Results from Operations section above.

Equity Residential Provides Operating Update

Retrieved on: 
Mardi, mai 28, 2024
Residential Building & Real Estate, Construction & Property, REIT, Conference, FFO, EQR, EPS, Mapletree Investments, NOI

Equity Residential (NYSE: EQR) today announced that members of the Company’s senior management team, including the Company’s President and CEO, Mark J. Parrell, will participate in meetings with investors and analysts at the Nareit REITWeek 2024 Investor Conference.

Key Points: 
  • Equity Residential (NYSE: EQR) today announced that members of the Company’s senior management team, including the Company’s President and CEO, Mark J. Parrell, will participate in meetings with investors and analysts at the Nareit REITWeek 2024 Investor Conference.
  • In connection with these meetings, the Company has posted an updated Investor Presentation to the Investor section of the Company’s website at www.equityapartments.com .
  • Normalized FFO per share, same store revenue and same store net operating income (NOI) are trending towards the top of their respective full year guidance ranges.
  • The Company provided the following updated operating statistics in the Investor Presentation:

Macerich Announces Initial Progress in its Path Forward Strategic Plan

Retrieved on: 
Jeudi, mai 16, 2024
Arrowhead, University, JV, MAC, TSMC, Arrowhead Towne Center, Sale, Conference, AMC Theatres, Phoenix Metro, Growth, NOI, PSF, Scottsdale Fashion Square, Texas Tech University

This transaction, which closed on May 14, gives Macerich full ownership of both properties.

Key Points: 
  • This transaction, which closed on May 14, gives Macerich full ownership of both properties.
  • Additionally, Macerich has executed a contract for the sale of an open-air asset in a major market.
  • The transaction is expected to generate approximately $110,000 million of net proceeds based on an expected cap rate of 6.5% and is anticipated to close this summer.
  • Additional details about the presentation, including a live audio webcast, will be available to the public on the Investor Relations website, investing.macerich.com.

Extendicare Announces 2024 First Quarter Results

Retrieved on: 
Mercredi, mai 15, 2024
CFS, COVID-19, ADV, Tax, Class, Investment, Q1, Government, Sale, SGP, Long-term care, Growth, NOI, LTC, Bed, TSX, Revera, Pharmaceutical industry

MARKHAM, Ontario, May 15, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three months ended March 31, 2024.

Key Points: 
  • MARKHAM, Ontario, May 15, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three months ended March 31, 2024.
  • Countryside, a newly built Axium JV 256-bed LTC home in Sudbury, opened in March 2024.
  • Four of the projects are replacing homes owned by Extendicare and the fifth project is replacing an existing Revera home that Extendicare is managing.
  • The following is a summary of Extendicare’s revenue, NOI(1) and NOI margins(1) by business segment for the three months ended March 31, 2024 and 2023.

Nexus Industrial REIT Announces First Quarter 2024 Financial Results and Annual Meeting Voting Results

Retrieved on: 
Mercredi, mai 15, 2024
Nexus, CPI, Analysis, Class, News, Trustee, Park Street, Tenant, Bank statement, Sale, REIT, Growth, Circular, NOI, Table, Public expenditure, Real estate

See Appendix A of this earnings release for a reconciliation of the non-IFRS financial measures to the primary financial statement measures.

Key Points: 
  • See Appendix A of this earnings release for a reconciliation of the non-IFRS financial measures to the primary financial statement measures.
  • The REIT is focused on delivering total unitholder return through profitable long-term growth, and by pursing its strategy as a Canada-focused pure-play industrial REIT.
  • In the first quarter of 2024, the REIT finalized construction at its Savage Rd.
  • In the late fourth quarter of 2024, the REIT expects to complete the 240,000 sq ft Dennis Rd.

CFP Board Imposes Public Sanctions on Six Individuals

Retrieved on: 
Vendredi, mai 17, 2024
Other Professional Services, Personal Finance, Finance, Asset Management, Consulting, Accounting, Professional Services, Business, Transfer, Counsel, Commission, Seriousness, Book, AWC, Complaint, Chapter Seven, Letter, CPA, Bankruptcy, Administration, Record, Financial Industry Regulatory Authority, Ethics commission, Rehabilitation, Failure, Code, Hearing, Consent, CFP, Motion, Certification, NOI, DEC, FINRA, History, Certified Public Accountant, Security (finance)

On December 11, 2023, Mr. Bahtuoh reported to CFP Board that he had filed for Chapter 7 bankruptcy protection in March 2023 (Bankruptcy Matter).

Key Points: 
  • On December 11, 2023, Mr. Bahtuoh reported to CFP Board that he had filed for Chapter 7 bankruptcy protection in March 2023 (Bankruptcy Matter).
  • Contemporaneously, Enforcement Counsel and Mr. Bahtuoh filed a Joint Motion for an Order of Public Censure (Joint Motion) with DEC Counsel.
  • of CFP Board’s Code of Ethics and Standards of Conduct, granted the Joint Motion and issued an Order of Public Censure to Mr. Bahtuoh.
  • This sanction followed Mr. Komarow’s relinquishment of his certification and his failure to respond to CFP Board Enforcement Counsel’s investigation.

Mobile Infrastructure Reports First Quarter 2024 Financial Results

Retrieved on: 
Mercredi, mai 15, 2024
Commercial Building & Real Estate, Construction & Property, Mobile, Tax, Conversation, Investment, Webcast, Conference, Growth, NOI, Video game

Mobile Infrastructure Corporation (NYSE American: BEEP), (“Mobile”, “Mobile Infrastructure” or the “Company”), owners of a diversified portfolio of parking assets throughout the United States, today reported results for the first quarter 2024 ended March 31, 2024.

Key Points: 
  • Mobile Infrastructure Corporation (NYSE American: BEEP), (“Mobile”, “Mobile Infrastructure” or the “Company”), owners of a diversified portfolio of parking assets throughout the United States, today reported results for the first quarter 2024 ended March 31, 2024.
  • Total revenue of $8.8 million during the first quarter of 2024 increased by 24.3% from $7.1 million in the prior-year quarter.
  • Interest expense for the first quarter of 2024 was $3.0 million, as compared to $3.6 million during the first quarter of 2023.
  • Mobile will hold a conference call to discuss its first quarter 2024 results on Wednesday, May 15, 2024, at 4:30 p.m.