Real property law

FCPT Announces Acquisition of a Circle K Property for $2.3 million

Retrieved on: 
Tuesday, June 29, 2021

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 Circle K property for $2.3 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 Circle K property for $2.3 million.
  • The property is located in a highly trafficked retail corridor in Illinois 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.
  • Additional information about FCPT can be found on the website at www.fcpt.com .

York County, PA Moves to Online Sheriff Sales with National Software Provider Realauction.com

Retrieved on: 
Tuesday, June 29, 2021

"We are excited to move to this online portal for our Sheriff Sales & are confident it will greatly improve the overall efficiency of our sales now and in the future.

Key Points: 
  • "We are excited to move to this online portal for our Sheriff Sales & are confident it will greatly improve the overall efficiency of our sales now and in the future.
  • "Realauction.com was chosen due to their proven track record and user friendly software plus there's no cost to the County whatsoever."
  • Realauction.com is an online auction software provider headquartered in Fort Lauderdale, FL.
  • The company has been hosting online Sheriff's Sales, Tax Sales, Foreclosure Sales and Tax Lien Sales since 2005.

Numinus Announces Update to Escrow Release Schedule

Retrieved on: 
Friday, June 25, 2021

VANCOUVER, BC, June 25, 2021 /PRNewswire/ - Numinus Wellness Inc. ("Numinus" or the "Company") (TSXV: NUMI),a mental health care company advancing innovative treatments and safe, evidence-based psychedelic-assisted therapies, is pleased to announce that, in relation to its graduation from Tier 2 to Tier 1 of the TSX Venture Exchange (the "Exchange"), all securities of Numinus which were subject to a Tier 2 escrow release schedule pursuant to the Value Security Escrow Agreement dated May 15, 2020 will be subject to a Tier 1 release schedule.

Key Points: 
  • VANCOUVER, BC, June 25, 2021 /PRNewswire/ - Numinus Wellness Inc. ("Numinus" or the "Company") (TSXV: NUMI),a mental health care company advancing innovative treatments and safe, evidence-based psychedelic-assisted therapies, is pleased to announce that, in relation to its graduation from Tier 2 to Tier 1 of the TSX Venture Exchange (the "Exchange"), all securities of Numinus which were subject to a Tier 2 escrow release schedule pursuant to the Value Security Escrow Agreement dated May 15, 2020 will be subject to a Tier 1 release schedule.
  • Prior to the Company's graduation to Tier 1 of the Exchange, the Company had 21,360,351 shares, 205,740 warrants and 450,000 options remaining in escrow.
  • The securities that remain in escrow, namely 8,900,142 shares, 85,725 warrants and 112,500 options, will be released from escrow on November 15, 2021.
  • In addition, the Company wishes to make a correction to its news release dated June 18, 2021 (the "News Release") with respect to the Company's graduation to Tier 1 of Exchange.

AgriCann Solutions to Acquire Businesses for Shares

Retrieved on: 
Friday, June 25, 2021

Sticky Leaf, historically operated as an unincorporated business, is in progress to become a 100%-owned incorporated subsidiary of AgriCann as Sticky Leaf Cannabis Corp ("SLCC").

Key Points: 
  • Sticky Leaf, historically operated as an unincorporated business, is in progress to become a 100%-owned incorporated subsidiary of AgriCann as Sticky Leaf Cannabis Corp ("SLCC").
  • All common shares issued for AMS will be subject to escrow and voluntary pooling restrictions.
  • Upon closing of the AMS, RAM and VPC acquisitions, Tim will hold or control 22.40% of AgriCann and become a director of AgriCann.
  • Upon completion of all the transactions contemplated herein without further adjustments, it is expected to have 47,180,758 shares outstanding.

Land Trust Alliance Welcomes Reintroduction of Conservation Easement Legislation in Congress

Retrieved on: 
Friday, June 25, 2021

WASHINGTON, June 24, 2021 /PRNewswire-PRWeb/ --The Land Trust Alliance, a national land conservation organization working to save the places people need and love by strengthening land conservation across America, today welcomed reintroduction in Congress of the Charitable Conservation Easement Program Integrity Act.

Key Points: 
  • WASHINGTON, June 24, 2021 /PRNewswire-PRWeb/ --The Land Trust Alliance, a national land conservation organization working to save the places people need and love by strengthening land conservation across America, today welcomed reintroduction in Congress of the Charitable Conservation Easement Program Integrity Act.
  • The following statement can be attributed to Andrew Bowman, president & CEO of the Land Trust Alliance:
    "On behalf of the Land Trust Alliance and its nearly 1,000 member land trusts, I thank Sens.
  • "Lobbyists working against the Charitable Conservation Easement Program Integrity Act claim it would hinder land conservation.
  • Founded in 1982, the Land Trust Alliance is a national land conservation organization that works to save the places people need and love by strengthening land conservation across America.

Obligo Launches Solution for Property Owners & Managers to Return Security Deposits Electronically

Retrieved on: 
Thursday, June 24, 2021

NEW YORK, June 24, 2021 /PRNewswire/ -- Obligo , a leading security deposit alternative on a mission to build trust between landlords and renters through financial technology, has launched a solution to return traditional rental deposits electronically.

Key Points: 
  • NEW YORK, June 24, 2021 /PRNewswire/ -- Obligo , a leading security deposit alternative on a mission to build trust between landlords and renters through financial technology, has launched a solution to return traditional rental deposits electronically.
  • Returning security deposits has long been an inefficient and time-consuming process, requiring property owners to track down forwarding addresses, cut checks and adhere to strict state and local regulations on deposit return timelines.
  • Owners and managers use Obligo to streamline their operations, comply with changing regulations, make their listings more appealing to renters, and incentivize renewals.
  • Since launching its fintech solution in 2018, Obligo has established partnerships with leading US property managers in the multifamily, single family, student housing, and workforce rental housing markets.

Major Western Utility Selects NV5 for $9 Million in Surveying, Permitting, and Technical Services

Retrieved on: 
Thursday, June 24, 2021

NV5 will provide surveying, permitting, and technical services to support the construction and maintenance of the utilitys electric and gas infrastructure.

Key Points: 
  • NV5 will provide surveying, permitting, and technical services to support the construction and maintenance of the utilitys electric and gas infrastructure.
  • Improvements to utility infrastructure and the upgrade of existing assets is essential to the delivery of reliable power to the communities we serve, said Dickerson Wright, PE, Chairman and CEO of NV5.
  • NV5s expertise in identifying and resolving accessibility challenges and easement interference during construction and maintenance of utility infrastructure is a differentiator for NV5 and provides a unique value for our utility clients.
  • The Company primarily focuses on six business verticals: testing, inspection & consulting, infrastructure support services, utility services, buildings & program management, environmental health sciences, and geospatial technology services.

Black Knight's First Look: Number of Seriously Past-Due Loans Continues to Improve, Though Long Holiday Weekend Drives Up May's Overall Delinquency Rate

Retrieved on: 
Wednesday, June 23, 2021

1) Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.

Key Points: 
  • 1) Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.
  • 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
  • For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom .
  • For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected] .

Sentinel Net Lease Acquires Trio of Commercial Net Lease Properties Totaling $46MM

Retrieved on: 
Wednesday, June 23, 2021

BALTIMORE, June 23, 2021 (GLOBE NEWSWIRE) -- Sentinel Net Lease (Sentinel) acquired three commercial real estate net lease properties totaling $46MM within the last three weeks.

Key Points: 
  • BALTIMORE, June 23, 2021 (GLOBE NEWSWIRE) -- Sentinel Net Lease (Sentinel) acquired three commercial real estate net lease properties totaling $46MM within the last three weeks.
  • In total, Sentinel has acquired over $130MM in assets since the beginning of the pandemic in March of 2020.
  • The acquisition of the Concentrix building is the fourth call center acquired by Sentinel, which also owns properties occupied by Amazon, AT&T, and CardWorks.
  • Sentinel Net Lease is a real estate investment firm focused on acquiring and managing recession-resistant freestanding commercial properties generating passive real estate income under long-term, net lease agreements.

Miami Real Estate Posts Best May Sales Month in History; Existing Condo Sales Jump 286.5% as Buyers Act on Healthy Inventory

Retrieved on: 
Wednesday, June 23, 2021

Miami single-family home sales (0.4% increase) and condo transactions (51% jump) are higher than May 2019.

Key Points: 
  • Miami single-family home sales (0.4% increase) and condo transactions (51% jump) are higher than May 2019.
  • "While other major cities are struggling with inventory, Miami's condo market has healthy inventory with six months of overall condo supply.
  • Domestic wealth migration, pent-up demand from international buyers, and record-low mortgage rates continue to fuel Miami real estate."
  • Cash sales accounted for 48.3% of all Miami existing condo sales and 23.9% of single-family transactions.