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InvenTrust Properties Corp. Announces the Appointment of Julian E. Whitehurst to Chairperson of the Board

Retrieved on: 
Thursday, November 9, 2023
Retail, Residential Building & Real Estate, Supermarket, Commercial Building & Real Estate, Construction & Property, REIT, NYSE, Sun Belt, IVT, NNN, InvenTrust Properties, Compensation, Chairperson

InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today announced that Julian (Jay) E. Whitehurst has been unanimously appointed to Chairperson of InvenTrust’s Board of the Directors.

Key Points: 
  • InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today announced that Julian (Jay) E. Whitehurst has been unanimously appointed to Chairperson of InvenTrust’s Board of the Directors.
  • Mr. Whitehurst has been a director of the Company since 2017, and most recently served as Compensation Chair.
  • Previous Chairperson Paula Saban will remain on the Board, serving on the Compensation and Nominating and Corporate Governance Committees.
  • “I very much look forward to working with Jay in this new capacity as we propel InvenTrust forward.”

CHRISTOPHER P. TESSITORE TO RETIRE AS GENERAL COUNSEL OF NNN REIT, INC.; GINA M. STEFFENS NAMED AS SUCCESSOR

Retrieved on: 
Tuesday, November 21, 2023
Foley & Lardner, Assistant, NYSE, General counsel, Senior, PHM, LLP, Regency Centers, NNN, George, Multimedia, Trust, University, Growth, Senior counsel, Management, Gina

ORLANDO, Fla., Nov. 21, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced that Christopher P. Tessitore, Executive Vice President and General Counsel, will retire effective January 1, 2024.

Key Points: 
  • ORLANDO, Fla., Nov. 21, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced that Christopher P. Tessitore, Executive Vice President and General Counsel, will retire effective January 1, 2024.
  • Gina M. Steffens will succeed Mr. Tessitore as Executive Vice President and General Counsel.
  • Mr. Tessitore has served as Executive Vice President of the Company since January 2007, as General Counsel since February 2006 and as Secretary since May 2006.
  • He also previously served as Senior Vice President and Assistant General Counsel of the Company from 2005 to 2006.

Healing Commercial Real Estate Inc. Appoints Joseph Caltabiano as CEO and Chairman and Engages Piper Sandler & Co. as Financial Advisor

Retrieved on: 
Thursday, November 2, 2023
Senior counsel, Commercial property, Acquisition, Cresco Labs, Marketing, The Company, NNN, Patient, Susquehanna State Park (Maryland), Pharmaceutical industry

Company to formally rebrand to Healing Realty Trust

Key Points: 
  • The Company is also excited to announce that it has engaged Piper Sandler & Co., a leading multinational investment bank and financial services company, as its financial advisor.
  • As CEO and Chairman, Mr. Caltabiano is responsible for helping develop Healing CREI's long-term strategic plan to maximize shareholder value.
  • He boosted Cresco's market penetration and was integrally involved with the development of more than 1 million square feet of real estate.
  • Healing CREI is a data driven company that intends to invest in NNN-leased healthcare-related real estate assets.

Sabra Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 6, 2023
Commercial Building & Real Estate, Nursing, Construction & Property, Seniors, Hospitals, Managed Care, Health, Consumer, Residential Building & Real Estate, NNN, URL, ID, Sabra, ATM, Housing, Chair

During the third quarter of 2023, Sabra generated $80 million of gross proceeds from the disposition of 13 skilled nursing and two senior housing facilities.

Key Points: 
  • During the third quarter of 2023, Sabra generated $80 million of gross proceeds from the disposition of 13 skilled nursing and two senior housing facilities.
  • As previously disclosed, Sabra successfully transitioned the 11 wholly-owned senior housing managed properties formerly operated by Enlivant to Inspirit Senior Living on July 6, 2023.
  • Performance has so far exceeded expectations, highlighted by occupancy in September 2023 increasing more than 230 bps compared to June 2023.
  • A conference call with a simultaneous webcast to discuss the 2023 third quarter results will be held on Tuesday, November 7, 2023 at 10:00 am Pacific Time.

Crypto Expo Dubai 2023 Unveils Premier Sponsors and Stellar Speaker Lineup

Retrieved on: 
Tuesday, September 19, 2023
Crypto, Sponsor, Blockchain, Knowledge, HQ, NNN, UNS, Cryptocurrency

Dubai, United Arab Emirates--(Newsfile Corp. - September 19, 2023) - The much-awaited Crypto Expo Dubai 2023 is set to elevate the crypto landscape to new heights with an exciting array of sponsors and a lineup of industry-leading speakers.

Key Points: 
  • Dubai, United Arab Emirates--(Newsfile Corp. - September 19, 2023) - The much-awaited Crypto Expo Dubai 2023 is set to elevate the crypto landscape to new heights with an exciting array of sponsors and a lineup of industry-leading speakers.
  • Crypto Expo Dubai 2023 proudly announces its premier sponsors, who are at the forefront of driving innovation in the crypto industry.
  • With their unwavering commitment to advancing the crypto landscape, these sponsors will contribute to making Crypto Expo Dubai 2023 an exceptional experience for all attendees.
  • "We are delighted to showcase our premier sponsors, whose contributions are instrumental in making Crypto Expo Dubai 2023 a resounding success.

NNN Pro Group Named 2023 Influencer in Net Lease by GlobeSt and Real Estate Forum Magazine

Retrieved on: 
Thursday, September 7, 2023
Commercial Building & Real Estate, Construction & Property, Finance, Asset Management, Consulting, Professional Services, REIT, Business, Medicine, Net, City, NNN, Sale, Real estate

NNN Pro Group , the market leading net lease investment sales and advisory firm in the country was recently named as an “Influencer in Net Lease” for 2023 by GlobeSt and Real Estate Forum magazine.

Key Points: 
  • NNN Pro Group , the market leading net lease investment sales and advisory firm in the country was recently named as an “Influencer in Net Lease” for 2023 by GlobeSt and Real Estate Forum magazine.
  • “The value proposition for net lease and for sale-leaseback advisory remains as strong as ever.”
    Earlier this year, the NNN Pro Group announced its separation from national brokerage Marcus & Millichap after 20 years, to pursue new strategic business opportunities as an independent group.
  • “It’s definitely been a busy year for the company and we’re incredibly excited about our growth prospects ahead,” added NNN Pro Group’s COO Nicoletti DePaul.
  • “We appreciate the recognition as a ‘Net Lease Influencer,’ and look forward to continuing to bring more participation to the net lease industry as a whole.”
    NNN Pro Group has over 100 agents and employees with a presence in seven cities and has closed on more than $30 billion of triple-net leased real estate across Retail, Industrial, Specialty Use, and Medical Office properties since inception.

KBRA Assigns Ratings to GSMS 2023-SHIP

Retrieved on: 
Wednesday, August 23, 2023
Professional Services, Insurance, Finance, Amazon (company), NNN, KBRA, KLTV, AMZN, Amazon, CMBS, NCF, Telescopic sight

KBRA announces the assignment of ratings to four classes of GSMS 2023-SHIP, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of ratings to four classes of GSMS 2023-SHIP, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $1.035 billion non-recourse, first lien mortgage loan originated by Goldman Sachs Bank USA.
  • The fixed rate loan has a three-year term and requires monthly interest-only payments based on a fixed rate of 5.38%.
  • The resulting in-trust KBRA Loan to Value (KLTV) is 104.3%.

Creation Achieves Top 10% Placement on Second Consecutive Inc. 5000 Appearance, Joined by LGE Design Build's Debut

Retrieved on: 
Thursday, August 17, 2023
DNA, NNN, Creation, Organization, Philosophy, LGE, Growth, Dallas Fort Worth International Airport, Management

PHOENIX, Aug. 17, 2023 /PRNewswire-PRWeb/ -- Inc. Magazine unveiled today its list of America's fastest-growing private companies, including two affiliated organizations: Creation, a versatile firm involved in real estate development, hospitality brand creation and alternative investments, landing in the top 10% for its second consecutive appearance; and LGE Design Build, a premier design-build construction firm, making its debut.

Key Points: 
  • "I am incredibly proud to lead two companies recognized on the Inc. 5000 list.
  • LGE Design Build lands at number 2,850 with a 186% three-year growth rate.
  • Inc.'s yearly list tracks companies' self-reported revenue growth and highlights those with the highest percentage growth during the previous three years.
  • They are the driving force behind the growth and accomplishments of both Creation and LGE.

NNN REIT, Inc. Appoints Jonathan A. Adamo Executive Vice President, Portfolio Operations

Retrieved on: 
Monday, August 14, 2023
NNN, Senior, Business, MBA, Negotiation, Multimedia, Trust, Rollins College, International business, Growth, NYSE, Real estate, Management

ORLANDO, Fla., Aug. 14, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced that Jonathan A. Adamo has been appointed Executive Vice President, Portfolio Operations.

Key Points: 
  • ORLANDO, Fla., Aug. 14, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced that Jonathan A. Adamo has been appointed Executive Vice President, Portfolio Operations.
  • Mr. Adamo joined NNN in April of 2003 and currently serves as Senior Vice President, Head of Portfolio Operations, overseeing the asset management, leasing, underwriting, dispositions and development financing functions of the company.
  • On a combined basis, Mr. Adamo has executed and managed more than $4 billion in transaction volume for NNN.
  • Steve Horn, President and Chief Executive Officer, commented: "I am excited to welcome Jon to our executive team overseeing portfolio operations.

KBRA Assigns Preliminary Ratings to GSMS 2023-SHIP

Retrieved on: 
Wednesday, August 2, 2023
Banking, Professional Services, Finance, Amazon (company), NNN, KBRA, AMZN, Amazon, CMBS, Security (finance), Telescopic sight

KBRA announces the assignment of preliminary ratings to four classes of GSMS 2023-SHIP, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to four classes of GSMS 2023-SHIP, a CMBS single-borrower securitization.
  • The fixed rate loan has a three-year term and requires monthly interest-only payments based on an assumed fixed rate of 5.38%.
  • There is also expected to be a $150.0 million mezzanine loan.
  • The transaction has a remaining portfolio weighted average lease term of 14.2 years, approximately 11 years past loan maturity.