Real estate investment trust

Greenspoon Marder Expands Litigation Practice Group with Addition of Partner Jeffrey Gilbert in Miami

Retrieved on: 
Tuesday, January 9, 2024
Corporate law, Lawyer, Miami metropolitan area, Partnership, Real estate, Real estate investment trust, News, Fortune 500, Organization

MIAMI, Jan. 9, 2024 /PRNewswire/ -- Greenspoon Marder expands the firm's Litigation practice group with the addition of partner Jeffrey Gilbert in the Miami office.

Key Points: 
  • MIAMI, Jan. 9, 2024 /PRNewswire/ -- Greenspoon Marder expands the firm's Litigation practice group with the addition of partner Jeffrey Gilbert in the Miami office.
  • He also represents developers, real estate lenders, financial institutions, REITs, special servicers, and receivers in property, real estate, financial, and construction disputes.
  • "I am excited to embark on a new chapter with Greenspoon Marder and join its esteemed litigation group.
  • "We are delighted to welcome Jeffrey to Greenspoon Marder, and look forward to leveraging his years of experience and business and community connections to further enhance the services we provide to our clients," said Gerald Greenspoon , co-managing director of Greenspoon Marder.

CBRE Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for January, February and March and Announces a Webinar with Portfolio Management

Retrieved on: 
Monday, January 8, 2024
Professional Services, Finance, Construction & Property, Asset Management, REIT, Banking, Real estate investment trust, Policy, Fund, Sale, Character, Life insurance

SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

Key Points: 
  • SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.
  • The estimated allocations presented above are based on the Fund’s monthly calculation of its year-to-date net investment income, capital gains and returns of capital.
  • The Fund’s investment income is mainly comprised of distributions received from the real estate investment trusts (REITs) and other companies in which it invests.
  • The Fund’s net investment income is reduced by the amounts characterized by the REITs as capital gains and returns of capital.

Robert Denton Elected as Chairman of the Board of Trustees

Retrieved on: 
Friday, January 5, 2024
Construction & Property, Defense, REIT, Other Defense, Constellation, Real estate investment trust, Mid-Atlantic (United States), Government, The Electric Company, Trustee, Constellation Energy, CEG, CDP, Management

COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its Board of Trustees elected Robert L. Denton, Sr. to serve as Chairman of the Board, effective January 1, 2024.

Key Points: 
  • COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its Board of Trustees elected Robert L. Denton, Sr. to serve as Chairman of the Board, effective January 1, 2024.
  • Mr. Denton has served as an Independent Trustee of the Company since 1999 and is currently the Chairman of the Nominating and Corporate Governance Committee.
  • Thomas F. Brady resigned as Chairman of the Board, effective December 31, 2023, but remains on the Board.
  • Thomas F. Brady had been Chairman of the Company’s Board since May 2013 and has been a Member of the Board since January 2002.

Cambria Launches Two New ETFs: Micro and Small Cap Shareholder Yield and Fixed Income-Focused Tactical Yield

Retrieved on: 
Thursday, January 4, 2024
Banking, Professional Services, Finance, Real estate investment trust, United States Treasury security, Book, SYLD, Note, TIPS, ETF, REIT, Treasury, CIO, Investment management, MYLD, MBS, MEB

Cambria Investment Management , an independent, privately owned investment advisory firm and ETF provider focused on quantitative asset management and alternative investments, today announced the launch of two new active ETFs: Cambria Micro and Small Cap Shareholder Yield ETF (MYLD) and Cambria Tactical Yield ETF (TYLD) .

Key Points: 
  • Cambria Investment Management , an independent, privately owned investment advisory firm and ETF provider focused on quantitative asset management and alternative investments, today announced the launch of two new active ETFs: Cambria Micro and Small Cap Shareholder Yield ETF (MYLD) and Cambria Tactical Yield ETF (TYLD) .
  • “The Cambria Micro and Small Cap Shareholder Yield ETF (MYLD) provides exposure to smaller market cap stocks by ranking dividend yield and net shareholder buybacks along with value and quality factors,” said Meb Faber, co-founder and CIO of Cambria.
  • “MYLD joins the original Cambria Shareholder Yield ETF (SYLD) , Cambria Foreign Shareholder Yield ETF (FYLD) and Cambria Emerging Shareholder Yield ETF (EYLD) in rounding out Cambria’s shareholder yield suite.
  • Cambria Tactical Yield ETF (TYLD) focuses on fixed income securities based on yield spreads.

Goulston & Storrs Director Kate Heller Named a 2023 Go To Environmental Lawyer by Massachusetts Lawyers Weekly

Retrieved on: 
Tuesday, January 2, 2024
Emerald, University School, Real estate investment trust, Chambers and Partners, Private law, Environmental law, Cornell University, College, Engineering education, Organization, Lawyer, Civil engineering

BOSTON, Jan. 2, 2024 /PRNewswire/ -- Goulston & Storrs , an Am Law 200 firm, is pleased to announce that director Kate Heller has been named a 2023 Go To Environmental Lawyer by Massachusetts Lawyers Weekly for her outstanding work in environmental law.

Key Points: 
  • BOSTON, Jan. 2, 2024 /PRNewswire/ -- Goulston & Storrs , an Am Law 200 firm, is pleased to announce that director Kate Heller has been named a 2023 Go To Environmental Lawyer by Massachusetts Lawyers Weekly for her outstanding work in environmental law.
  • Before becoming a lawyer, Heller was a civil/environmental engineer, and maintains her registration as a Professional Engineer in addition to being a LEED Accredited Professional.
  • She also serves on Goulston & Storrs' Inclusion Advisory Committee, as well as on the associate and staff evaluation teams.
  • Heller is regularly ranked in Best Lawyers in America: Environmental Law; Chambers USA, Environment (MA), Chambers USA, "America's Leading Business Lawyers; and was named to the 2023 Lawdragon Green 500: Leaders in Environmental Law.

IRADIMED CORPORATION Named a 2024 Most Successful Small-Cap Company in America by Forbes

Retrieved on: 
Thursday, November 30, 2023
Real estate investment trust, MRI, FactSet, Capital, Growth, Vital signs

WINTER SPRING, Fla., Nov. 30, 2023 (GLOBE NEWSWIRE) -- IRADIMED CORPORATION (the “Company”) (NASDAQ: IRMD) was recently named on Forbes’ latest list of America’s Most Successful Small-Cap Companies for 2024. Iradimed is a leader in the development of innovative magnetic resonance imaging (“MRI”) medical devices and the only provider of a non-magnetic intravenous (“IV”) infusion pump system, and non-magnetic patient vital signs monitoring systems that are designed for use during MRI procedures.

Key Points: 
  • WINTER SPRING, Fla., Nov. 30, 2023 (GLOBE NEWSWIRE) -- IRADIMED CORPORATION (the “Company”) (NASDAQ: IRMD) was recently named on Forbes’ latest list of America’s Most Successful Small-Cap Companies for 2024.
  • To help investors find 100 “diamonds in the rough,” Forbes used data from FactSet to compile its annual list of America’s Most Successful Small-Cap Companies.
  • Financial institutions, REITs, utilities, royalty trusts, and limited partnerships were excluded, as were companies that had been public for less than one year.
  • “Climbing the ranks of Forbes’ prestigious list of the top 100 of America’s Most Successful Small-Cap Companies for 2024 is an inspiring milestone for us,” said Roger Susi, President and Chief Executive Officer of the Company.

HASI Announces Conversion to C-Corporation

Retrieved on: 
Thursday, December 21, 2023
Environment, Commercial Building & Real Estate, Construction & Property, Climate Change, Environmental Health, Utilities, REIT, Alternative Energy, Green Technology, Energy, HASI, Real estate investing, Real estate investment trust, Renewable energy

The Board’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.

Key Points: 
  • The Board’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.
  • The Company expects its existing net operating losses ("NOLs") and other tax attributes will enable HASI to continue to operate in a tax efficient manner.
  • "We've concluded that our optimal tax structure moving forward is to cease electing REIT status in 2024," said Jeffrey A. Lipson, President and CEO of HASI.
  • "This change leaves our investment strategy intact and provides greater flexibility to capitalize on the tremendous growth opportunities associated with the clean energy transition."

Park Hotels & Resorts Inc. Awarded Nareit’s 2023 Leader in the Light Award for its Sustainability Practices

Retrieved on: 
Thursday, November 16, 2023
NYSE, Mapletree Investments, Light, Conference, REIT, Culture, National Association, Real estate investment trust, ESG, Management

TYSONS, Va., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that it has been named the 2023 Leader in the Light recipient in recognition of its sustainability practices within the lodging and resorts sector by the National Association of Real Estate Investment Trusts (“Nareit”).

Key Points: 
  • TYSONS, Va., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that it has been named the 2023 Leader in the Light recipient in recognition of its sustainability practices within the lodging and resorts sector by the National Association of Real Estate Investment Trusts (“Nareit”).
  • Nareit's annual Leader in the Light Award honors Nareit member companies that have demonstrated outstanding sustainability practices throughout the year.
  • Now in their 18th year, the 2023 Leader in the Light Awards were presented to REITs in nine property sectors during Nareit’s REITworld: 2023 Annual Conference.
  • “We are proud of our industry’s continued commitment toward looking at business strategies through a sustainability lens and implementing practices to execute those strategies.”

Sachem Capital Reports Third Quarter 2023 Results – Produces Revenue Growth of 29.5% to $17.5 Million

Retrieved on: 
Monday, November 13, 2023
Sale, NYSE American, Webcast, Interest, NYSE, Telephone, Investment, Tax, REIT, Wells Fargo Advisors, CPA, Growth, Real estate investing, Real estate investment trust, Rare-earth element, Cryptocurrency, Internet service provider

BRANFORD, Conn., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • BRANFORD, Conn., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the third quarter ended September 30, 2023.
  • For the third quarter 2023, interest income was $14.3 million compared to $11.5 million for the 2022 period.
  • Total operating costs and expenses for the quarter ended September 30, 2023 were $11.3 million, compared to $8.5 million for 2022 period.
  • Total shareholders’ equity at September 30, 2023 rose $17.8 million to $235.5 million compared to $217.7 million at December 31, 2022.

FTI Consulting Announces New Real Estate Business Tax Advisory Leadership

Retrieved on: 
Monday, November 13, 2023
Alvarez and Marsal, NYSE, Senior, Investment, FCN, Insurance, REIT, Partner, UBTI, FIRPTA, FTI Consulting, Partnership, EY, Corporate finance, Alvarez, Real estate investment trust, Management, Financial services, Real estate

WASHINGTON, Nov. 13, 2023 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of McRae Thompson as a Senior Managing Director and Leader of the Real Estate Tax Advisory Services offering within the firm’s Corporate Finance & Restructuring segment. In addition, Senior Managing Director Stephen Bertonaschi has been named Leader of Real Estate Tax Compliance Services.

Key Points: 
  • In addition, Senior Managing Director Stephen Bertonaschi has been named Leader of Real Estate Tax Compliance Services.
  • Mr. Thompson, who is based in Atlanta, joins the firm with more than 20 years of real estate and tax consulting experience, including an extensive background in transactions and management consulting.
  • “McRae has established a reputation as one of the industry’s leading tax advisors for real estate transactions,” said Jahn Brodwin , a Senior Managing Director and Co-Leader of the Real Estate Solutions practice at FTI Consulting.
  • Prior to joining FTI Consulting, Mr. Bertonaschi was a Senior Tax Manager at The Schonbraun McCann Group, a real estate advisory firm that was acquired by FTI Consulting in 2008.