Real estate investing

Housing Rights Advocates Shame Essex Property Trust CEO, Mike Schall, In Socially-Distant Protest

Friday, July 3, 2020 - 12:00am

The housing rights advocates will stage another protest to take on billionaire landlord Mike Schall, CEO of Essex Property Trust, a real estate investment trust (REIT) based in San Mateo.

Key Points: 
  • The housing rights advocates will stage another protest to take on billionaire landlord Mike Schall, CEO of Essex Property Trust, a real estate investment trust (REIT) based in San Mateo.
  • Essex Property Trust is the tenth-largest apartment owner in the U.S. with more than 60,000 units and a worth of $25 billion.
  • The ongoing crisis is fueled by Big Real Estate Lobby and billionaire landlords like Schall and Essex Property Trust, who prioritize profits over people by implementing astronomical rent increases.
  • HOUSING RIGHTS PROTEST: housing rights and health care advocates stage socially-distant protest calling out billionaire landlord Mike Schall for fueling Californias ongoing housing affordability and homeless crises.

FCPT Announces Acquisition of a Texas Roadhouse Property for $1.8 Million

Thursday, July 2, 2020 - 9:05pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Texas Roadhouse property for $1.8 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Texas Roadhouse property for $1.8 million.
  • The property is located in Maine and is occupied under a triple-net lease with the corporate operator.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
  • The Company seeks to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and retail industries.

Basis Investment Group, Pereview Software announce strategic partnership

Thursday, July 2, 2020 - 2:00pm

DALLAS, July 2, 2020 /PRNewswire-PRWeb/ -- Pereview Software has announced a new strategic partnership with Basis Investment Group , a New York City-based commercial real estate debt and equity investment platform.

Key Points: 
  • DALLAS, July 2, 2020 /PRNewswire-PRWeb/ -- Pereview Software has announced a new strategic partnership with Basis Investment Group , a New York City-based commercial real estate debt and equity investment platform.
  • "We needed a software platform to integrate our diversified investment portfolios" said Tammy K. Jones, the founder and CEO of Basis Investment Group.
  • Through this strategic partnership, Basis will put in place a software system that will improve its ability to manage its investment portfolio and communicate more effectively with its investors.
  • Basis Investment Group is a diversified commercial real estate investment platform investing across the capital stack throughout the United States.

Office Properties Income Trust Second Quarter 2020 Conference Call Scheduled for Thursday, July 30th

Thursday, July 2, 2020 - 1:00pm

Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its second quarter 2020 financial results before the Nasdaq opens on Thursday, July 30, 2020.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its second quarter 2020 financial results before the Nasdaq opens on Thursday, July 30, 2020.
  • Participants should dial in about 15 minutes prior to the scheduled start of the call.
  • A replay of the conference call will be available through 11:59 p.m. on Thursday, August 6, 2020.
  • Office Properties Income Trust is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States and leased to single tenants and those with high credit quality characteristics like government entities.

DGAP-News: publity AG: publity sells property near Munich as asset manager

Thursday, July 2, 2020 - 8:02am

publity AG ("publity") is an asset manager and investor specialised in office real estate in Germany.

Key Points: 
  • publity AG ("publity") is an asset manager and investor specialised in office real estate in Germany.
  • The company covers the core of the value chain from the acquisition to the development and the sale of real estate.
  • With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market.
  • publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions.

Resource Real Estate Opportunity REIT, Inc., Resource Real Estate Opportunity REIT II, Inc., and Resource Apartment REIT III, Inc. Move 2020 Annual Meetings of Stockholders to Virtual-Only Format

Wednesday, July 1, 2020 - 2:00pm

The Annual Meeting of Stockholders of Resource Real Estate Opportunity REIT, Inc. will be held at9:30 a.m. (Eastern Time)in a virtual meeting format.To be admitted to the Resource Real Estate Opportunity REIT, Inc. annual meeting at www.virtualshareholdermeeting.com/RREO2020 , stockholders must enter the control number found on their proxy card, voting instruction form or notice previously received.

Key Points: 
  • The Annual Meeting of Stockholders of Resource Real Estate Opportunity REIT, Inc. will be held at9:30 a.m. (Eastern Time)in a virtual meeting format.To be admitted to the Resource Real Estate Opportunity REIT, Inc. annual meeting at www.virtualshareholdermeeting.com/RREO2020 , stockholders must enter the control number found on their proxy card, voting instruction form or notice previously received.
  • The Annual Meeting of Stockholders of Resource Real Estate Opportunity REIT II, Inc. will be held at11:00 a.m. (Eastern Time)in a virtual meeting format.To be admitted to the Resource Real Estate Opportunity REIT II, Inc. annual meeting at www.virtualshareholdermeeting.com/RREOII2020 , stockholders must enter the control number found on their proxy card, voting instruction form or notice previously received.
  • Resource Real Estate, LLC, the REITs sponsor, is an asset management company that specializes in real estate investments.
  • Resource is a wholly-owned subsidiary of C-III Capital Partners LLC, a fully integrated asset management and commercial real estate services company.

FCPT Announces Closing of Second Tranche (Three Properties) of Seritage Transaction for $11.3 Million

Tuesday, June 30, 2020 - 11:34pm

The properties are located in Florida within highly trafficked and populated corridors with one property leased to Olive Garden and two properties leased to LongHorn Steakhouse.

Key Points: 
  • The properties are located in Florida within highly trafficked and populated corridors with one property leased to Olive Garden and two properties leased to LongHorn Steakhouse.
  • Inclusive of todays acquisition, FCPT has acquired a total of 13 properties for $43 million under the Seritage transaction to date.
  • The Seritage portfolio transaction was priced at a cap rate in range with previous FCPT transactions.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

FCPT Announces Acquisition of Two Properties from PREIT for $7.6 Million

Tuesday, June 30, 2020 - 11:06pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of two properties for $7.6 million as part of a previously announced outparcel transaction with PREIT (NYSE: PEI).

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of two properties for $7.6 million as part of a previously announced outparcel transaction with PREIT (NYSE: PEI).
  • The properties are an IHOP and a multi-tenant BJs Restaurant, Sleep Number, and Verizon.
  • The properties are located in Maryland and South Carolina and are occupied under net leases with a weighted average 7 years of term remaining.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

preREO Launches Newly Designed Platform for Real Estate Investors

Tuesday, June 30, 2020 - 6:47pm

CHICAGO, June 30, 2020 /PRNewswire/ --preREO is excited to announce the launch of a new platform that connects real estate investors with new opportunities directly from lenders, maximizing the return on investment while improving the local community.

Key Points: 
  • CHICAGO, June 30, 2020 /PRNewswire/ --preREO is excited to announce the launch of a new platform that connects real estate investors with new opportunities directly from lenders, maximizing the return on investment while improving the local community.
  • preREO is a step-by-step program that can help solve the nationwide vacant home problem for lenders, communities and investors."
  • preREO brings noteholders and community investors together, allowing for more efficient maintenance and improvement of these challenge properties.
  • With the help of preREO, investors can utilize receivers, appointed by local courts, to repair and rent the properties during the foreclosure process.

MONMOUTH REAL ESTATE REPORTS STRONG OCCUPANCY AND RENT COLLECTION RESULTS DURING THE COVID-19 PANDEMIC

Monday, June 29, 2020 - 9:15pm

HOLMDEL, NJ, June 29, 2020 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) reported today that its occupancy rate from March 1, 2020 through June 30, 2020 averaged 99.4%.

Key Points: 
  • HOLMDEL, NJ, June 29, 2020 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) reported today that its occupancy rate from March 1, 2020 through June 30, 2020 averaged 99.4%.
  • Rent collections throughout this period were as follows:
    Michael P. Landy, President and CEO, commented, We are very pleased to report these excellent results.
  • Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world.
  • Monmouth Real Estate Investment Corporation is a fully integrated and self-managed real estate company, whose property portfolio consists of 118 properties located in 31 states, containing a total of approximately 23.4 million rentable square feet.