REIT

Apple Hospitality REIT Announces Dates for Second Quarter 2020 Earnings Release and Conference Call

Tuesday, July 7, 2020 - 2:00pm

To access the call, participants from within the U.S. should dial 877-407-9039, and participants from outside the U.S. should dial 201-689-8470.

Key Points: 
  • To access the call, participants from within the U.S. should dial 877-407-9039, and participants from outside the U.S. should dial 201-689-8470.
  • A replay of the call will be available from approximately 1:00 p.m. Eastern Time on August 7, 2020, through 11:59 p.m. Eastern Time on August 28, 2020.
  • Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.
  • Apple Hospitalitys portfolio consists of 233 hotels with more than 29,700 guest rooms located in 87 markets throughout 34 states.

Bridge Launches Agency MBS Strategy

Tuesday, July 7, 2020 - 2:00pm

Bridge Investment Group (Bridge), one of the largest private equity real estate managers with over $20 billion of assets under management, announced today the launch of their Open-Ended Agency Mortgage-Backed Securities strategy via the Bridge Agency MBS Fund Manager LLC (Bridge Agency MBS).

Key Points: 
  • Bridge Investment Group (Bridge), one of the largest private equity real estate managers with over $20 billion of assets under management, announced today the launch of their Open-Ended Agency Mortgage-Backed Securities strategy via the Bridge Agency MBS Fund Manager LLC (Bridge Agency MBS).
  • Prior to joining Bridge, Mr. Chandarana managed Fannie Maes Agency MBS and Collateralized Mortgage Obligations portfolio.
  • Bridge Agency MBS invests in residential mortgage-backed securities (Agency MBS) that are guaranteed by a U.S. Government Sponsored Entity (GSE), with a proprietary strategy designed to mitigate market dislocations and preserve principal.
  • Via Bridges subsidiary Bridge Agency MBS Fund Manager LLC, Bridge has already raised capital to create a greater than $600 million diversified portfolio.

Woodmont Lodging, Milestone Companies and Blue Vista Capital Management Announce Joint Venture Recapitalization of 388-Room, Full-Service Sheraton Milwaukee Brookfield Hotel

Tuesday, July 7, 2020 - 1:55pm

Woodmont Lodging, a leading hotel company, Blue Vista Capital Management, a leading real estate investment firm, and Milestone Companies, a premier full-service real estate development company specializing in hotel assets, today announced the joint venture recapitalization of the 388-room Sheraton Milwaukee Brookfield Hotel in Wisconsin.

Key Points: 
  • Woodmont Lodging, a leading hotel company, Blue Vista Capital Management, a leading real estate investment firm, and Milestone Companies, a premier full-service real estate development company specializing in hotel assets, today announced the joint venture recapitalization of the 388-room Sheraton Milwaukee Brookfield Hotel in Wisconsin.
  • Woodmont Lodging and Milestone Hospitality will acquire a minority interest in the hotel and provide asset management services.
  • The Sheraton Milwaukee Brookfield Hotel benefits from its prime location in the reinvigorated Brookfield submarket, said Elliott Estes, principal, Woodmont Lodging.
  • The Sheraton Milwaukee Brookfield Hotel project marks the third hotel transaction completed by Woodmont Lodging, Milestone Companies and Blue Vista since 2018.

Fitch Ratings Affirms Sabra’s Credit Rating and Outlook

Tuesday, July 7, 2020 - 2:00pm

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Fitch Ratings has affirmed the ratings for Sabra and its subsidiaries at 'BBB-'; Fitch Ratings Outlook of Negative also remains unchanged.

Key Points: 
  • Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Fitch Ratings has affirmed the ratings for Sabra and its subsidiaries at 'BBB-'; Fitch Ratings Outlook of Negative also remains unchanged.
  • The report notes Sabra's headroom for leverage, portfolio quality and diversification, strong liquidity due to no near-term maturities, improving access to capital and average operator lease coverage as key drivers for its ratings decisions.
  • Commenting on the Fitch Ratings report, Rick Matros, CEO and Chairman, said, The COVID-19 pandemic has highlighted the importance of maintaining a high level of liquidity and a strong balance sheet.
  • Examples of forward-looking statements include all statements regarding our expectations regarding our ability to manage effectively during the COVID-19 pandemic.

Pennington Fund Publishes 2Q-2020 Growth, and Announces 2Q-Dividends

Tuesday, July 7, 2020 - 2:00pm

Pennington Fund is pleased to announce its Second Quarter Dividends for 2020.

Key Points: 
  • Pennington Fund is pleased to announce its Second Quarter Dividends for 2020.
  • The Pennington Real Estate Investment Fund (REIF) grew 3.80 percent during the Second Quarter of 2020, and quarterly dividends amounting to 1.36% were distributed July 03, 2020.
  • The Pennington REIF is a Fund-of-Funds that invests in Asian REITs (Real Estate Investment Trusts).
  • The Pennington REIF was designed to give investors the opportunity to profit from the Asian real estate market.

The GEO Group Declares Quarterly Cash Dividend of $0.48 Per Share

Tuesday, July 7, 2020 - 11:55am

The GEO Group, Inc. (NYSE: GEO) ("GEO") announced that on July 7, 2020, its Board of Directors declared a quarterly cash dividend of $0.48 per share.

Key Points: 
  • The GEO Group, Inc. (NYSE: GEO) ("GEO") announced that on July 7, 2020, its Board of Directors declared a quarterly cash dividend of $0.48 per share.
  • The quarterly cash dividend will be paid on July 24, 2020 to shareholders of record as of the close of business on July 17, 2020.
  • George C. Zoley, Chairman and Chief Executive Officer of GEO, said: We are pleased to declare a quarterly cash dividend of $0.48 per share.
  • GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs.

Kiewit-Stantec design-build team moving forward on critical LADWP groundwater projects

Tuesday, July 7, 2020 - 11:45am

The $400-million projects by Kiewit-Stantec will remove existing industrial contaminants that date back to the 1940s in the SFB.

Key Points: 
  • The $400-million projects by Kiewit-Stantec will remove existing industrial contaminants that date back to the 1940s in the SFB.
  • LADWP is completing these two projects pursuant to the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).
  • This news release contains forward-looking statements regarding the projects described above, including statements regarding Stantecs role and involvement on the projects.
  • Forwardlooking statements are provided herein for the purpose of giving information about the proposed projects referred to above and their expected impact.

Ventas Appoints Marguerite M. Nader to Board of Directors

Tuesday, July 7, 2020 - 1:04am

Ventas, Inc. (NYSE: VTR) today announced that Marguerite M. Nader, President and Chief Executive Officer, Equity LifeStyle Properties, Inc., has been appointed as an independent member of its Board of Directors, with immediate effect.

Key Points: 
  • Ventas, Inc. (NYSE: VTR) today announced that Marguerite M. Nader, President and Chief Executive Officer, Equity LifeStyle Properties, Inc., has been appointed as an independent member of its Board of Directors, with immediate effect.
  • Nader is a member of Equity Lifestyles Board of Directors and its Management Committee.
  • Marguerite, a respected and accomplished REIT CEO, is a terrific addition to our independent, diverse and experienced Board of Directors, said Debra A. Cafaro, Ventas Chairman and Chief Executive Officer.
  • I am excited to join Ventass leading Board of Directors and work with the Companys strong management team, said Nader.

Douglas Emmett Announces Dates for Its 2020 Second Quarter Earnings Results and Live Conference Call

Monday, July 6, 2020 - 10:48pm

Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2020 second quarter earnings results after market close on Thursday, August 6, 2020.

Key Points: 
  • Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2020 second quarter earnings results after market close on Thursday, August 6, 2020.
  • A live conference call is scheduled for the following day, Friday, August 7, 2020, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time.
  • PHONE: 888-349-0488 (U.S.) or 412-542-4156 (International) ask to join the Douglas Emmett, Inc. (DEI) call.
  • As a result, our actual future results can be expected to differ from our expectations, and those differences may be material.

FCPT Announces Acquisition of a LongHorn Steakhouse Property from Brookfield Properties for $1.8 Million

Monday, July 6, 2020 - 9:22pm

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 LongHorn Steakhouse property for $1.8 million from the Brookfield Properties transaction previously announced in October 2019.

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 LongHorn Steakhouse property for $1.8 million from the Brookfield Properties transaction previously announced in October 2019.
  • The property is located in Oklahoma in a highly trafficked retail corridor and is corporate-operated under a triple net lease with approximately five years of term remaining.
  • The Brookfield Properties 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.