Real estate investing

New Project Aims to Set a Precedent for the Next Generation of Development Along El Cajon Blvd

Retrieved on: 
Wednesday, August 23, 2023
Yoga, Real estate investing, Fashion Valley Mall, Maintenance, BBQ, Housing, Investment, Urban Land Institute, George Taylor Field, Quality of life, 30th Street, Ridesharing, Urban Land, El Cajon Boulevard, Pacific Ocean, Yatala Pie Shop, Boulevard, San Diegan (train), Walking, QR, Malik (name), Parkline, Idaho, Car, Restaurant, SAN, Thornburg Investment Management, Inc., Thornburg, Walk Score, Air conditioning, Coffee, Weather, San Diego International Airport, Principal, Transport, Howard Avenue, Relaxation, River Road-Mead Avenue Historic District, San Diego State University, Road, Commercial property, Hotel, Titan

SAN DIEGO and SANTA FE, N.M., Aug. 23, 2023 /PRNewswire/ -- Titan Development ("Titan"), Malick Infill Development ("Malick"), and Thornburg Real Estate Ventures ("Thornburg") are pleased to announce the completion of The Parkline, an approximately 80,000 square-foot, Class-A multifamily building in San Diego, California. A grand opening celebration is scheduled for Saturday, August 26, from 9:00 am to 6:00 pm at 4250 Oregon Street. Guests will be invited to tour the building and take advantage of move-in specials, which can include one month of free rent or an e-bike (certain terms and conditions apply). Construction on The Parkline began in January 2022 and was completed on schedule.

Key Points: 
  • The Parkline, which partially fronts El Cajon Blvd, historic Highway 80, is located in one of the most walkable neighborhoods in San Diego.
  • This project represents our commitment to creating projects that elevate the quality of life for both our residents and the neighborhood."
  • He is a long-time champion for El Cajon Boulevard and in 2014 organized a bus tour with the Urban Land Institute to spark reinvestment along the road.
  • The project also features three commercially addressed loft spaces that front El Cajon Blvd.

Allied Closes Sale of UDC Portfolio, Reaffirms Mission and Fortifies Balance Sheet

Retrieved on: 
Wednesday, August 16, 2023
International, Life, Bank statement, Union Center, York Street, Skyway, Person, Sale, UDC, Real estate investing, EBITDA, MD, International Financial Reporting Standards, KDDI, TSX, NOI, City, Growth, Facility, Bank, Renewable energy, Portfolio

Allied used $755 million of the proceeds from the sale of the Portfolio to repay all amounts drawn on its unsecured credit facility (the “Facility”).

Key Points: 
  • Allied used $755 million of the proceeds from the sale of the Portfolio to repay all amounts drawn on its unsecured credit facility (the “Facility”).
  • Allied will use the balance of the proceeds to fund its development and upgrade activity over the remainder of 2023 and into 2024.
  • The sale of the Portfolio enables Allied to reaffirm its mission and to pursue continued growth in NOI and IFRS value in a more focused and prudent manner.
  • Allied has demonstrated commitment to the balance sheet over its life as a public real estate entity.

ERES REIT Declares August 2023 Monthly Distribution

Retrieved on: 
Tuesday, August 15, 2023
Unit, Class, ERES, Trustee, Real estate investing, Euro, TSX, Dividend, Cryptocurrency, Security (finance)

TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the August 2023 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “August Distribution”), being equivalent to €0.12 per Unit annualized.

Key Points: 
  • TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the August 2023 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “August Distribution”), being equivalent to €0.12 per Unit annualized.
  • The distribution will be payable to holders of the Units and Class B LP Units (the “Unitholders”) of record on August 31, 2023, with payment on September 15, 2023.
  • The final cash distribution in respect of July 2023 was C$0.01462 per Unit and Class B LP Unit.
  • ERES intends to continue to make regular monthly distributions, subject to the discretion of the ERES Board of Trustees.

Sachem Capital Reports Second Quarter 2023 Results – Produces Record Revenue Growth of 31.2% to $16.5 Million

Retrieved on: 
Monday, August 14, 2023
Uncertainty, Wells Fargo Advisors, REIT, Telephone, Tax, Sale, Interest, NYSE, Real estate investing, Investment, Real estate investment trust, Risk, Sachem, NYSE American, PeoplesBank, CPA, Webcast, Growth, Asset, Cryptocurrency, Bank

BRANFORD, Conn., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the quarter ended June 30, 2023.

Key Points: 
  • BRANFORD, Conn., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the quarter ended June 30, 2023.
  • For the second quarter 2023, interest income was approximately $11.9 million compared to approximately $10.4 million for the 2022 period.
  • Total operating costs and expenses for the quarter ended June 30, 2023 were approximately $10.8 million, compared to $7.3 million for 2022 period.
  • Total shareholders’ equity at June 30, 2023 rose $11.3 million to approximately $229.0 million compared to $217.7 million at December 31, 2022.

Granite REIT Declares Distribution for August 2023

Retrieved on: 
Thursday, August 17, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Depository Trust & Clearing Corporation, TSX, FICC, Granite Real Estate, Real estate investing, CDN, Toronto Stock Exchange, Granite, Trustee, Treasury regulations, Cryptocurrency, Security (finance), Holding company

Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2667 per stapled unit for the month of August 2023.

Key Points: 
  • Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2667 per stapled unit for the month of August 2023.
  • The distribution will be paid by Granite on Friday, September 15, 2023 to stapled unitholders of record at the close of trading on Thursday, August 31, 2023.
  • Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of August 31, 2023, pursuant to United States Treasury Regulation Section 1.1446-4.

Yuexiu REIT Demonstrates Asset Resilience, High-Quality Assets Enhance Defensiveness, Strong Fundamentals Foster Long-Term Value

Retrieved on: 
Tuesday, August 15, 2023
Well, The Spring Festival, Season, Interim, IR, Town square, AVIVA, Face, Marketing, REIT, Four Seasons Hotels and Resorts, Michelin Guide, Muji, Hotel, Tenant, China Railway Group Limited, Government, Spring Festival, Bank of Taiwan, Fortune Plaza, Real estate investing, Société Générale, Mall, Restaurant, Hall, Victory Plaza, CFO, Growth, White horse, Bank, Meditech, RMB, Mango TV, Real estate, Management, Retail, Lease, Property management, Commercial property, Cambodia Airways, Overalls, Uniqlo, CBD, New China Life Insurance

HONG KONG, Aug 15, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the "REIT"; stock code: 405) announced its interim results for the six months ended 30 June 2023.

Key Points: 
  • HONG KONG, Aug 15, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the "REIT"; stock code: 405) announced its interim results for the six months ended 30 June 2023.
  • - Interim operating revenue of the GZIFC complex was RMB503.8 million, accounting for 47.4% of the REIT's total revenue.
  • Four Seasons Hotel and Ascott Serviced Apartments saw year-on-year increases in their average occupancy rates and average room rates.
  • - Yuexiu Financial Tower posted an operating revenue of approximately RMB200.2 million, representing 18.9% of the REIT's total revenue.

Yuexiu REIT Wins the Best ESG (Social) Award at 9th Investor Relations Awards

Retrieved on: 
Friday, June 30, 2023
Social responsibility, Welfare, SF, REIT, Farmer, Agriculture, Disclosure, Carbon, Real estate investing, MSCI, Champion, Sunlight, Award, Biophysical environment, ESG, Ecology, Social, Champion REIT, HK, Real estate, Sustainalytics

HONG KONG, June 30, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, stock code: 405.

Key Points: 
  • HONG KONG, June 30, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, stock code: 405.
  • HK) received the "Best ESG (Social) Award" for its outstanding social responsibility performance at the 9th Hong Kong Investor Relations Awards (the "Awards") organized by the Hong Kong Investor Relations Association (HKIRA), speaking volumes to the high recognition it enjoys for its ESG efforts in the investment community.
  • The Awards this year with 15 categories, attracted 126 well-known Hong Kong-listed companies to participate and 41 of them won awards.
  • The winners were selected after two rounds of voting, which took place between March 21 and April 27, by more than 740 qualified voters, including buy-side and sell-side analysts and fund managers, and over 290 professional financial institutions-together with Link REIT, Fortune REIT, Sunlight REIT, SF REIT and Champion REIT won awards at the ceremony, Yuexiu REIT won the "Best ESG (Social) Award", recognizing and affirming its ESG endeavors.

RioCan Real Estate Investment Trust and BlackNorth Initiative to Offer New Post-Secondary Bursary for Black Students

Retrieved on: 
Monday, July 31, 2023
Professional Services, Philanthropy, Socially Responsible Investing, Residential Building & Real Estate, Commercial Building & Real Estate, University, Construction & Property, DEI (Diversity, Equity and Inclusion), Fund Raising, Education, REIT, Other Philanthropy, Toronto Metropolitan University, RioCan Real Estate Investment Trust, Workplace, Student, Real estate investing, TSX, DEI, Canadian Real Estate Association, Real estate, Property management, Management, Nursing, Black

RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) and BlackNorth Initiative have partnered to offer a Canadian Real Estate & Trades Bursary for Black high school students.

Key Points: 
  • RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) and BlackNorth Initiative have partnered to offer a Canadian Real Estate & Trades Bursary for Black high school students.
  • By investing in the Black leaders of tomorrow, RioCan continues to work towards its commitment to the BlackNorth Initiative CEO Pledge.
  • The bursary, amounting to $21,200, will provide financial support for students entering post-secondary programs within the commercial real estate field at accredited schools.
  • Our commitment to the BlackNorth Initiative is unwavering, and we are proud to support the next generation of Black real estate professionals as they begin their careers.”
    The bursary goes beyond a financial investment.

Equity Commonwealth Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 26, 2023
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, National Association of Real Estate Investment Trusts, GAAP, Trustee, FFO, Real estate investing, Nature, Financial result, NOI, Commonwealth, National Association, NYSE, Life insurance, Cryptocurrency, Security (finance), Soda–lime glass, Construction, Commercial property, Operation, Normalization

Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended June 30, 2023.

Key Points: 
  • Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended June 30, 2023.
  • Financial results for the quarter ended June 30, 2023
    Net income attributable to common shareholders was $13.8 million, or $0.12 per diluted share, for the quarter ended June 30, 2023.
  • Significant events during the quarter ended June 30, 2023
    On May 19, 2023, Equity Commonwealth announced that David Helfand will serve as the Chair of the Board of Trustees following the passing of our former Chairman, Sam Zell, on May 18, 2023.
  • Equity Commonwealth will host a conference call to discuss second quarter results on Thursday, July 27, 2023, at 9:00 A.M. CT.

ERES REIT Declares July 2023 Monthly Distribution

Retrieved on: 
Monday, July 17, 2023
Unit, Class, ERES, Trustee, Real estate investing, Euro, TSX, Dividend, Cryptocurrency, Security (finance)

TORONTO, July 17, 2023 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the July 2023 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “July Distribution”), being equivalent to €0.12 per Unit annualized.

Key Points: 
  • TORONTO, July 17, 2023 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the July 2023 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “July Distribution”), being equivalent to €0.12 per Unit annualized.
  • The distribution will be payable to holders of the Units and Class B LP Units (the “Unitholders”) of record on July 31, 2023, with payment on August 15, 2023.
  • The final cash distribution in respect of June 2023 was C$0.01464 per Unit and Class B LP Unit.
  • ERES intends to continue to make regular monthly distributions, subject to the discretion of the ERES Board of Trustees.