Commercial property

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Retrieved on: 
Friday, May 3, 2024
Commercial property, The Vanguard Group, Disclosure

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Key Points: 
  • Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited
    (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Retrieved on: 
Friday, May 3, 2024
Commercial property, The Vanguard Group, Disclosure

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Key Points: 
  • Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited
    (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Retrieved on: 
Friday, May 3, 2024
Commercial property, The Vanguard Group, Disclosure

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Key Points: 
  • Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited
    (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Safe and Green Development Corporation Executes Contract to Sell Lago Vista Site

Retrieved on: 
Friday, April 26, 2024
Sale, Life, SGD, Commercial property

MIAMI, Fla, April 26, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce the Company received and executed a commercial contract to sell the Company’s Lago Vista site to an unnamed buyer.

Key Points: 
  • MIAMI, Fla, April 26, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce the Company received and executed a commercial contract to sell the Company’s Lago Vista site to an unnamed buyer.
  • The Lago Vista property is an approximately 60-acre waterfront property located on Lake Travis, Texas.
  • After evaluating the current timeline of the joint offer and the purchase offer, the Company decided to sell the property to strategically reinforce its balance sheet.
  • David Villarreal, President & CEO of Safe and Green Development Corporation stated, “This is truly an exciting time for us as we continue to execute on our previously announced initiative to strategically monetize our real property.

Willow Bridge Property Company Grows Over 20K Net Units

Retrieved on: 
Wednesday, April 17, 2024
Property management, NMHC, OTPP, Liberty, Optimism, Acquisition, Growth, Commercial property

DALLAS, April 17, 2024 (GLOBE NEWSWIRE) -- Willow Bridge (formerly known as Lincoln Property Company) has been named the 4th Largest Apartment Manager according to the 2024 NMHC Top 50 list released earlier this month. Willow Bridge has ranked on the NMHC 50 list every year since the rankings debuted in 1989.

Key Points: 
  • Willow Bridge has ranked on the NMHC 50 list every year since the rankings debuted in 1989.
  • Following the company’s acquisition by Ontario Teachers’ Pension Plan (OTPP) in February 2023, Willow Bridge is no longer affiliated with Lincoln Property Company or Liberty Military Housing (37.2K units), which resulted in a drop to 180,000 units under management.
  • In just a matter of months, Willow Bridge steadily grew to over 200,000 units, a remarkable feat despite an industry-wide dip in transaction volume and apartment starts.
  • “While the numbers might tell the story that we dipped in units under management, that is far from the truth,” said Scott Wilder, President, Property Management for Willow Bridge.

Freddie Mac Multifamily Announces More Than $20 Billion in Impact Bonds Issued Since Program Inception

Retrieved on: 
Tuesday, April 16, 2024
Social, OTCQB, Housing, Sustainability, Freddie Mac, Water, Lincoln Memorial, Sustainability Bonds, FMCC, Green, Commercial property

MCLEAN, Va., April 16, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily’s Impact Bonds program has issued over $20 billion in Green, Social and Sustainability bonds since the program’s creation in 2019.

Key Points: 
  • MCLEAN, Va., April 16, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily’s Impact Bonds program has issued over $20 billion in Green, Social and Sustainability bonds since the program’s creation in 2019.
  • Freddie Mac’s Impact Bonds support multifamily properties that address persistent housing challenges, particularly environmental and social issues, and provide additional transparency to investors.
  • “Crossing the $20 billion threshold for Impact Bonds issued demonstrates Freddie Mac’s enduring commitment to meeting our mission and tackling issues that impact renters across the nation,” said Robert Koontz, senior vice president for Multifamily Capital Markets.
  • In 2023, a majority of Freddie Mac Multifamily’s Impact Bond issuances were from Social Bonds, totaling over $2.6 billion.

Freddie Mac Multifamily Enhances Policies to Strengthen Due Diligence, Deter Fraud and Reduce Risks

Retrieved on: 
Monday, April 15, 2024
Risk management, Housing, Fraud, Documentation, Credit, Misrepresentation, Freddie Mac, Risk, Policy, OTCQB, Commercial property

"Freddie Mac remains focused on risk management and works to enhance our processes to better detect and deter fraud and misrepresentation,” said Ian Ouwerkerk, senior vice president of Multifamily Underwriting & Credit.

Key Points: 
  • "Freddie Mac remains focused on risk management and works to enhance our processes to better detect and deter fraud and misrepresentation,” said Ian Ouwerkerk, senior vice president of Multifamily Underwriting & Credit.
  • The enhancements will appear in Freddie Mac’s Multifamily Seller/Servicer Guide (“Guide”) and take effect on April 18.
  • Updated process to limit Freddie Mac Multifamily business with certain title companies when applicable.
  • Freddie Mac Multifamily is the nation's multifamily housing finance leader.

Ivans Index Q1 2024 Results Released

Retrieved on: 
Monday, April 15, 2024
Umbrella, Product management, Insurance, BOP, Commercial property, Policy, Gasoline

Milwaukee, WI., April 15, 2024 (GLOBE NEWSWIRE) -- Ivans ® today announced the results for Q1 2024 Ivans Index™, the insurance industry’s premium renewal rate index.

Key Points: 
  • Milwaukee, WI., April 15, 2024 (GLOBE NEWSWIRE) -- Ivans ® today announced the results for Q1 2024 Ivans Index™, the insurance industry’s premium renewal rate index.
  • Q1 2024 experienced an increase in average premium renewal rate change across all major commercial lines compared to Q4 2023.
  • Premium renewal rate change by line of business for Q1 2024 highlights include:
    Commercial Auto: Q1 2024 average premium renewal rate averaged 9.09%, an increase compared to Q4 2023’s average premium renewal rate of 8.79%.
  • Workers’ Compensation: Workers’ Compensation premium renewal rate change averaged -0.88% in Q1 2024, down from Q4 2023 at -0.64%.

Modiv Industrial Announces First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Commercial Building & Real Estate, Construction & Property, Other Retail, Finance, Professional Services, REIT, Retail, Residential Building & Real Estate, CBRE, Sale, MSA, Probability, Tenant, News, Housing, Motivation, NAV, LOI, Atlantic Ocean, Webcast, Wind, Exercise, Cushman & Wakefield, MDV, KB Home, Acquisition, Negotiation, Human, GAAP, Industrial, Letter, Commercial property

Modiv Industrial, Inc. (“Modiv Industrial”, “Modiv”, the “Company”, “we” or “our”), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the first quarter ended March 31, 2024.

Key Points: 
  • Modiv Industrial, Inc. (“Modiv Industrial”, “Modiv”, the “Company”, “we” or “our”), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the first quarter ended March 31, 2024.
  • “Of all the quarterly earnings releases, first quarter is always the most quirky in terms of timing given that it comes so soon after the release of fourth quarter results.
  • Until we meet again… hug your families, enjoy life and stay modivated!” – Aaron Halfacre, CEO of Modiv Industrial.
  • A conference call and audio webcast with analysts and investors will be held on Thursday, May 2, 2024, at 10:30 a.m. Eastern Time / 7:30 a.m. Pacific Time, to discuss the first quarter 2024 operating results and answer questions.

FirstSun Capital Bancorp and HomeStreet, Inc. Amend Merger Agreement

Retrieved on: 
Tuesday, April 30, 2024
Banking, Asset Management, Professional Services, Finance, Sale, Real estate, Oliver Cromwell, OTCQX, Comptroller, Commercial, Federal Reserve Bank, Amendment, Commercial property, Michael J. Hsu, Acquisition, Wellington Management Company, HomeStreet Bank, Federal Reserve, Common sunflower, OCC, Latham & Watkins

FirstSun and HomeStreet each believe that a Texas state bank charter is the appropriate charter for the combined company’s banking operations since Sunflower Bank is now headquartered in Dallas, Texas.

Key Points: 
  • FirstSun and HomeStreet each believe that a Texas state bank charter is the appropriate charter for the combined company’s banking operations since Sunflower Bank is now headquartered in Dallas, Texas.
  • Under the amended merger agreement, the necessary bank regulatory approvals required to consummate the merger are the approval of the Federal Reserve Board and the Texas Department of Banking.
  • In conjunction with the amendment to the merger agreement, the parties’ previous application with the Office of the Comptroller of the Currency (“OCC”) in connection with the bank merger has been withdrawn.
  • The remaining equity capital of up to $155 million will be issued concurrently with, and subject to, closing of the merger.