REIT

Granite REIT Declares Distribution for April 2021

Friday, April 16, 2021 - 10:00pm

b'Granite Real Estate Investment Trust (\xe2\x80\x9cGranite\xe2\x80\x9d) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD $0.250 per stapled unit for the month of April 2021.

Key Points: 
  • b'Granite Real Estate Investment Trust (\xe2\x80\x9cGranite\xe2\x80\x9d) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD $0.250 per stapled unit for the month of April 2021.
  • The distribution will be paid by Granite on May 14, 2021 to stapled unitholders of record at the close of trading on April 30, 2021.
  • The stapled units will begin trading on an ex-dividend basis at the opening of trading on Thursday, April 29, 2021 on the Toronto Stock Exchange and on the New York Stock Exchange.\nGranite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Manager, Legal & Investor Services, at 647-925-7504.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005557/en/\n'

Lincoln Property Company Set to Break Ground on Premier Mixed-Use Development in Dallas’ Coveted Preston Center

Friday, April 16, 2021 - 9:10pm

\xe2\x80\x9cThis project will be a best-in-class development designed to bring a dynamic mixed-use offering to the area.

Key Points: 
  • \xe2\x80\x9cThis project will be a best-in-class development designed to bring a dynamic mixed-use offering to the area.
  • We are especially thankful to the City of Dallas and Preston Center Task force, whose feedback through the years made the project better.
  • The commercial division of Lincoln Property Company will lease nearly 59,000 square feet of space in the building.
  • Lincoln\xe2\x80\x99s cumulative development efforts have produced over 150 million square feet of commercial space and over 216,000 multifamily residential units.

The St. Joe Company Releases a Video Showing Progress on Projects Currently in Development or Under Construction

Friday, April 16, 2021 - 8:03pm

Joe\xe2\x80\x9d) today releases a video showing progress on projects in development or under construction.

Key Points: 
  • Joe\xe2\x80\x9d) today releases a video showing progress on projects in development or under construction.
  • The Company owns land in Northwest Florida and has significant residential and commercial land-use entitlements in hand or in process.
  • More information on the Company\xe2\x80\x99s current project pipeline can be found at www.joe.com/project-updates .\n\xc2\xa9The St Joe Company 2021.
  • Joe (and Taking Flight Design) \xc2\xae\xe2\x80\x9d are registered service marks of The St. Joe Company or its affiliates.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005522/en/\n'

Safehold Sets First Quarter 2021 Earnings Release Date and Webcast

Friday, April 16, 2021 - 9:30pm

b'Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings.

Key Points: 
  • b'Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings.
  • Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality and mixed-use properties generate higher returns with less risk.
  • The Company, which is taxed as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar Inc., seeks to deliver safe, growing income and long-term capital appreciation to its shareholders.
  • Additional information on Safehold is available on its website at www.safeholdinc.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005507/en/\n'

BGI Inc. Retains PJ Solomon in Connection With Exploration of Strategic Alternatives

Friday, April 16, 2021 - 9:15pm

The Company cautions that trading in its securities is highly speculative and poses substantial risks.\nThis release contains statements that are \xe2\x80\x9cforward-looking statements\xe2\x80\x9d.

Key Points: 
  • The Company cautions that trading in its securities is highly speculative and poses substantial risks.\nThis release contains statements that are \xe2\x80\x9cforward-looking statements\xe2\x80\x9d.
  • Forward-looking statements are based on BGI\xe2\x80\x99s beliefs, assumptions and expectations of its future performance and actions, taking into account all information currently available to BGI.
  • If a change occurs, BGI\xe2\x80\x99s plans, business, financial condition, and liquidity may vary materially from those expressed in its forward-looking statements.
  • BGI undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005488/en/\n'

Broadmark Realty Capital Declares Monthly Dividend for April 2021

Friday, April 16, 2021 - 12:00pm

b'Broadmark Realty Capital Inc. (NYSE: BRMK) (the \xe2\x80\x9cCompany\xe2\x80\x9d), an internally managed secured real estate finance company, today announced that its board of directors has declared a cash dividend of $0.07 per share of common stock for April 2021.

Key Points: 
  • b'Broadmark Realty Capital Inc. (NYSE: BRMK) (the \xe2\x80\x9cCompany\xe2\x80\x9d), an internally managed secured real estate finance company, today announced that its board of directors has declared a cash dividend of $0.07 per share of common stock for April 2021.
  • The dividend will be payable on May 14, 2021 to stockholders of record as of April 30, 2021.\nCertain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995.
  • These statements are based on the current expectations and are not predictions of actual performance.
  • Broadmark Realty Capital manages and services its loan portfolio across a variety of market conditions and economic cycles.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005077/en/\n'

Ellington Financial Announces Estimated Book Value Per Common Share as of March 31, 2021

Friday, April 16, 2021 - 12:00pm

b'Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per common share of $18.16 as of March 31, 2021.

Key Points: 
  • b'Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per common share of $18.16 as of March 31, 2021.
  • There can be no assurance that the Company\'s estimated book value per common share as of March 31, 2021 is indicative of what the Company\'s results are likely to be for the three-month period ending March 31, 2021 or in future periods, and the Company undertakes no obligation to update or revise its estimated book value per common share prior to issuance of financial statements for such periods.\nThis press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • Examples of forward-looking statements in this press release include statements regarding the Company\'s book value per common share.
  • Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210416005059/en/\n'

Institutional Property Advisors Brokers Inland Empire Multifamily Asset Sale for $88 Million

Friday, April 16, 2021 - 12:39am

b'Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE: MMI) , announced today the sale of District at Grand Terrace, a 352-unit multifamily property in Colton, California.

Key Points: 
  • b'Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE: MMI) , announced today the sale of District at Grand Terrace, a 352-unit multifamily property in Colton, California.
  • The property sold for $88 million, or $250,000 per unit.\n\xe2\x80\x9cMultifamily asset performance in the Inland Empire has been very strong, despite the pandemic,\xe2\x80\x9d said Alexander Garcia, Jr., IPA executive managing director investments.
  • Community amenities include four swimming pools, a fitness center, a pet park, and playgrounds.\nWith a network of senior-level investment advisors located throughout the United States and Canada, Institutional Property Advisors (IPA) is qualified to meet the needs of institutional and major private investors.
  • Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion.

Medalist Diversified REIT Announces Series A Preferred Stock Cash Dividend

Thursday, April 15, 2021 - 10:51pm

The Company\xe2\x80\x99s strategy is to focus on value-add and opportunistic commercial real estate which is expected to provide an attractive balance of risk and returns.

Key Points: 
  • The Company\xe2\x80\x99s strategy is to focus on value-add and opportunistic commercial real estate which is expected to provide an attractive balance of risk and returns.
  • Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.
  • For more information on Medalist, please visit the Company website at https://www.medalistreit.com .\nThis press release contains statements that are \xe2\x80\x9cforward-looking statements\xe2\x80\x9d within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws.
  • Investors should not place undue reliance upon forward-looking statements.

Sila Realty Trust, Inc. Announces the Appointment of New Member of the Board of Directors

Thursday, April 15, 2021 - 10:07pm

b'Sila Realty Trust (the \xe2\x80\x9cCompany\xe2\x80\x9d), a public, non-traded real estate investment trust focused on healthcare and data center properties, today announced the expansion of its board of directors from five to six members and the appointment of Adrienne Kirby, effective immediately.

Key Points: 
  • b'Sila Realty Trust (the \xe2\x80\x9cCompany\xe2\x80\x9d), a public, non-traded real estate investment trust focused on healthcare and data center properties, today announced the expansion of its board of directors from five to six members and the appointment of Adrienne Kirby, effective immediately.
  • \xe2\x80\x9cHer long and distinguished career in the healthcare industry will bring additional expertise to the Company as it continues investing in the growing and dynamic healthcare environment.\xe2\x80\x9d\nMs.
  • Kirby most recently served as Executive Chairman and Chief Executive Officer of Cooper University Health Care and also served in various senior leadership roles at MedStar Health and VIRTUA Health among other healthcare systems.
  • As of December 31, 2020, the Company owned 153 real estate properties, consisting of 29 data centers and 124 healthcare properties located in 70 markets across the United States.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210415006078/en/\n'