Lease

ESM Management, LLC/Newton Opportunity Fund Announces Extension of Expiration Time for Tender Offer for Certain Notes of MASTR Adjustable Rate Mortgages Trust 2007-3

Friday, July 31, 2020 - 10:00pm

The terms and conditions of the Offers are described in an offer to purchase, dated June 23, 2020 (the Offer to Purchase).

Key Points: 
  • The terms and conditions of the Offers are described in an offer to purchase, dated June 23, 2020 (the Offer to Purchase).
  • Holders of Notes who previously tendered their Notes do not need to retender such Notes or take any other action in response to this announcement in order to receive the applicable tender offer consideration.
  • Except as described in this press release, all terms and conditions of the Offers as described in the Offer to Purchase remain unchanged.
  • Newton Opportunity Fund may, in its sole discretion, terminate, extend or amend the Offers at any time as described in the Offer to Purchase.

Kilroy Realty Signs Leases Totaling 286,000 Square Feet During the Second Quarter

Wednesday, July 29, 2020 - 10:04pm

Kilroy Realty Corporation (NYSE: KRC) today said it signed new or renewing leases on approximately 286,000 square feet in its stabilized portfolio during the second quarter.

Key Points: 
  • Kilroy Realty Corporation (NYSE: KRC) today said it signed new or renewing leases on approximately 286,000 square feet in its stabilized portfolio during the second quarter.
  • Average rents in the recently executed leases were up approximately 11% on a cash basis and 30% on a GAAP basis over the prior leases.
  • During the first six months, KRC has signed new or renewing leases on over 508,000 square feet in its stabilized portfolio.
  • The original lease was scheduled to expire in the second quarter of 2021.

GPR Ventures increases occupancy, begins renovations at Natomas property

Wednesday, July 29, 2020 - 9:00am

Flatiron , a Colorado-based construction firm, has signed a 48-month lease on a 12,983 square foot unit in the property.

Key Points: 
  • Flatiron , a Colorado-based construction firm, has signed a 48-month lease on a 12,983 square foot unit in the property.
  • GPR Ventures will begin a series of renovations, including upgrades to the lobby and caf, in the coming weeks.
  • TWEET THIS: #GPR Ventures has increased tenancy at a 60,000 square foot office building in #Natomas with the addition of a new 48-month tenant lease.
  • GPR Ventures uses a dynamic, fully developed process and the acquisition-to-disposition expertise of founders Glen Yonekura and Phillip Rolla to yield consistent results.

DGAP-News: DIC Asset AG: 55% Rise in Letting Performance and Doubling of Real Estate Management Fees Lead to 18% Increase in FFO

Wednesday, July 29, 2020 - 7:00am

Exceptional letting performance during Q2, with a total of 125,800 sqm in new leases (+55% over prior year)

Key Points: 
  • Exceptional letting performance during Q2, with a total of 125,800 sqm in new leases (+55% over prior year)
    Frankfurt am Main, 29 July 2020.
  • This makes it safe to reaffirm: We are steadily approaching our medium-term growth target of EUR 10 billion in assets under management.
  • On the whole, the rent level negotiated for lease renewals translated into an average increase of 4.9%.
  • Taking an active asset management approach, DIC Asset AG employs its proprietary, integrated real estate management platform to raise capital appreciation potential company-wide and to boost its revenues.

Otso Launches Pre-Approval Program for Businesses to Replace Collateral in Commercial Leases

Thursday, July 23, 2020 - 6:00pm

Otso facilitates both new and existing leases with its program and covers office, retail and industrial property types.

Key Points: 
  • Otso facilitates both new and existing leases with its program and covers office, retail and industrial property types.
  • "Otso and Euler are giving landlords the comfort and strength they need in a lease, without requiring collateral from the tenant up-front."
  • Solutions like Otso help drive activity and provide worthy incentives to sign commercial leases for businesses.
  • Otso guarantees allow businesses the ability to access and invest critical liquidity while providing landlords with enhanced coverage against defaults.

Q&K Announces Acquisition and Related Financing

Wednesday, July 22, 2020 - 5:05am

The Acquisition is subject to customary closing conditions and is expected to be completed by December 31, 2020.

Key Points: 
  • The Acquisition is subject to customary closing conditions and is expected to be completed by December 31, 2020.
  • This Acquisition is Q&Ks third acquisition since the consummation of its IPO in November 2019.
  • In the Prior Acquisitions and the Acquisition, the Company has acquired lease contracts with landlords and tenants and related fixtures and equipment for approximately 121,000 rental units in China.
  • Further information regarding these and other risks is included in the Groups filings with the U.S. Securities and Exchange Commission.

Farm Lease Pro Launches New Online Leasing Platform: Novel Online Service Brings 21st Century Technology to The Farmland Leasing Market

Tuesday, July 21, 2020 - 12:00pm

Farm Lease Pro recently launched its novel online service to bring clarity, ease, and trust to the Northeast and Mid-Atlantic farmland leasing markets.

Key Points: 
  • Farm Lease Pro recently launched its novel online service to bring clarity, ease, and trust to the Northeast and Mid-Atlantic farmland leasing markets.
  • "With the Farm Lease Pro platform, farmers finally have the solution they were looking fora professionally managed, easy-to-use and fully integrated farm leasing platform," explains Farm Lease Pro partner Marshall Woodward.
  • Farm Lease Pro cannot help but be excited for all the participants who stand to benefit from this game changing technology.
  • Farm Lease Pro is a full-service online leasing platform built to bring the farmland rental market into the 21st century.

VICI Properties Inc. Completes Property Acquisitions and Lease Modifications Related to the Eldorado-Caesars Merger

Monday, July 20, 2020 - 9:15pm

The purchase price related to the put option from Caesars is determined by an 8.0% capitalization rate (or 12.5x the initial annual rent).

Key Points: 
  • The purchase price related to the put option from Caesars is determined by an 8.0% capitalization rate (or 12.5x the initial annual rent).
  • The purchase price related to the call option is determined by a 7.7% capitalization rate (or 13.0x the initial annual rent).
  • The initial annual rent for the assets would be the amount that causes the ratio of EBITDAR of the property to the initial property lease rent to equal 1.3x and the assets will be added to the Regional Master Lease.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

STORE Capital’s July Rent Collections Increase to 85%

Monday, July 20, 2020 - 11:45am

STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced an update on July rent collections.

Key Points: 
  • STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced an update on July rent collections.
  • As of July 17, STORE Capital has received rent payments representing 85% of contractual base rent and interest on active contracts for the month of July.
  • The increase in collections was principally driven by higher rent collected from tenants in the restaurant, furniture, and education sectors.
  • During July, no new tenants received lease deferrals, and elevated rent collections occurred in concert with continued business re-openings.

EY and LeaseAccelerator form strategic alliance in lease accounting and contract management

Thursday, July 16, 2020 - 1:00pm

LONDON, July 16, 2020 /PRNewswire/ --EY today announces a strategic alliance with LeaseAccelerator and Ernst & Young LLP (EY US) to provide a transformational lease accounting and contract management service offering for organizations of all sizes.

Key Points: 
  • LONDON, July 16, 2020 /PRNewswire/ --EY today announces a strategic alliance with LeaseAccelerator and Ernst & Young LLP (EY US) to provide a transformational lease accounting and contract management service offering for organizations of all sizes.
  • Combining EY teams' experience and global footprint with LeaseAccelerator's industry-leading lease accounting and lifecycle management software, the alliance provides organizations with a managed service capable of filling needs globally.
  • Due to this transition, experienced and dedicated lease accounting and contract management services can help simplify the management of global lease portfolios and provide customer-defined outcomes.
  • Businesses of all sizes can leverage deep experience in lease accounting and contract management deployed on a SaaS platform designed to scale to their needs.