REIT

Douglas Emmett Announces Dates for Its 2022 Second Quarter Earnings Results and Live Conference Call

Retrieved on: 
Thursday, June 30, 2022 - 1:22am

Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2022 second quarter earnings results after market close on Monday, August 1, 2022.

Key Points: 
  • Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2022 second quarter earnings results after market close on Monday, August 1, 2022.
  • A live conference call is scheduled for the following day, Tuesday, August 2, 2022, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time.
  • For more information about Douglas Emmett, please visit our website at www.douglasemmett.com .
  • As a result, our actual future results can be expected to differ from our expectations, and those differences may be material.

CTO Realty Growth Announces Second Quarter 2022 Earnings Release and Conference Call Information

Retrieved on: 
Wednesday, June 29, 2022 - 9:15pm

A replay of the earnings call will be archived and available online through the Investor Relations section of the Companys website at www.ctoreit.com .

Key Points: 
  • A replay of the earnings call will be archived and available online through the Investor Relations section of the Companys website at www.ctoreit.com .
  • CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.
  • CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT.
  • We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com .

Highwoods to Release Second Quarter 2022 Results Tuesday, July 26th

Retrieved on: 
Wednesday, June 29, 2022 - 9:05pm

RALEIGH, N.C., June 29, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its second quarter 2022 results on Tuesday, July 26th, after the market closes.

Key Points: 
  • RALEIGH, N.C., June 29, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its second quarter 2022 results on Tuesday, July 26th, after the market closes.
  • A conference call will be held the next day, Wednesday, July 27th, at 11:00 A.M. Eastern time.
  • A live, listen-only webcast can be accessed through the Companys website at www.highwoods.com under the Investors section.
  • For more information about Highwoods, please visit our website at www.highwoods.com .

KBS Sells 207,000-SF, Three-Building Class A Office Park in Fairfax, Virginia for $23M

Retrieved on: 
Wednesday, June 29, 2022 - 9:51pm

The property, originally acquired by KBS in 2000, was purchased by Network Realty Partners , an Arlington, Virginia-based investor, for $23 million.

Key Points: 
  • The property, originally acquired by KBS in 2000, was purchased by Network Realty Partners , an Arlington, Virginia-based investor, for $23 million.
  • Office employees in this market are looking for spaces of the highest quality, especially as they return to in-person work.
  • The assets location is ideal for commuters across the D.C.-Maryland-Virginia (DMV) area, according to Luke Hamagiwa, asset manager for Redwood Plaza and vice president at KBS.
  • Redwood Plaza has been in KBS client portfolio since 2000 and has generated a steady stream of revenue ever since, says Hamagiwa.

CoreVest Completes $313 Million Single-Family Rental Securitization

Retrieved on: 
Wednesday, June 29, 2022 - 9:33pm

CoreVest American Finance Lender LLC (CoreVest), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc., today announced that it has closed a $313 million securitization (CAFL 2022-1) backed by its single-family rental (SFR) loans.

Key Points: 
  • CoreVest American Finance Lender LLC (CoreVest), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc., today announced that it has closed a $313 million securitization (CAFL 2022-1) backed by its single-family rental (SFR) loans.
  • The transaction represents CoreVests second securitization in 2022, 19th SFR securitization and 21st overall securitization.
  • This will also be CoreVests first securitization to include data aligned with the Sustainability Accounting Standards Board (SASB) environmental, social and governance (ESG) guidance framework.
  • The strength of our securitization platform continues to be an important point of differentiation for CoreVest, supporting our growth and capital flexibility, as we offer a compelling product with quality underwriting standards, said Christopher Hoeffel, President of CoreVest.

Diversified Healthcare Trust Announces Sale of Additional 10% Equity Interest in Life Science Property Located in Boston Seaport District

Retrieved on: 
Wednesday, June 29, 2022 - 9:15pm

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has sold an additional 10% equity interest in the two building life science complex located at 11 Fan Pier and 50 Northern Avenue in Boston, MA.

Key Points: 
  • Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has sold an additional 10% equity interest in the two building life science complex located at 11 Fan Pier and 50 Northern Avenue in Boston, MA.
  • The purchasing partner now owns a 45% interest in the joint venture, another partner continues to own a 45% equity interest, and DHC owns the remaining 10% equity interest.
  • The purchase price for the 10% equity interest is based on a property valuation of $1.7 billion, less the $620 million of existing secured debt on the property.
  • The property was acquired by DHC in May 2014 for $1.1 billion and consists of two 15-story, class A LEED Gold Certified life science buildings located in Bostons Seaport District.

SITE Centers Issues 2021 Corporate Sustainability Report

Retrieved on: 
Wednesday, June 29, 2022 - 9:05pm

SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today the release of its 2021 Corporate Sustainability Report which is the Companys eighth sustainability report and sixth completed in accordance with the Global Reporting Initiative (GRI) Standards.

Key Points: 
  • SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today the release of its 2021 Corporate Sustainability Report which is the Companys eighth sustainability report and sixth completed in accordance with the Global Reporting Initiative (GRI) Standards.
  • The report intends to provide updates on the annual results of SITE Centers corporate responsibility & sustainability programs, was completed in alignment with GRI and the Sustainability Accounting Standards Board (SASB) metrics and frameworks, and includes the Companys initial implementation of the Task Force on Climate-Related Financial Disclosures (TCFD).
  • I am pleased to present our 2021 Corporate Sustainability Report after another tremendous year for the team at SITE Centers, which builds on our work from the last eight years and beyond.
  • SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities.

Sotherly Hotels Inc. Completes Refinance of Tampa, FL Hotel; Proceeds Used to Pay Off Corporate Debt

Retrieved on: 
Wednesday, June 29, 2022 - 5:30pm

Proceeds from the loan, combined with existing corporate cash, were used to repay of the remainder of the Kemmons Wilson secured note.

Key Points: 
  • Proceeds from the loan, combined with existing corporate cash, were used to repay of the remainder of the Kemmons Wilson secured note.
  • Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States.
  • The Company owns hotels that operate under the Hilton Worldwide and Hyatt Hotels Corporation brands, as well as independent hotels.
  • Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia.

FIBRA Macquarie México Announces New US$90M Revolving Credit Facility

Retrieved on: 
Wednesday, June 29, 2022 - 5:39pm

FIBRA Macquarie Mxico (FIBRA Macquarie) (BMV: FIBRAMQ) announced the successful completion of new US$90.0 million unsecured revolving credit facility with BBVA Mxico.

Key Points: 
  • FIBRA Macquarie Mxico (FIBRA Macquarie) (BMV: FIBRAMQ) announced the successful completion of new US$90.0 million unsecured revolving credit facility with BBVA Mxico.
  • The credit facility bears interest at a variable rate of 30-day SOFR plus a margin of 140 basis points.
  • FIBRAMQ will draw down US$50.0 million at closing with the proceeds from the new facility being used to repay the amounts drawn under the unsecured revolving facility and for general corporate purposes.
  • FIBRA Macquarie Mxico (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversin en bienes races), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties.

Somerset Development Rebrands as “Inspired”; Pursues New Redevelopment and Bell Works ‘Metroburb’ Opportunities Nationwide

Retrieved on: 
Wednesday, June 29, 2022 - 2:00pm

Somerset Development, one of the real estate industrys foremost innovators in large-scale mixed-use redevelopment, today announced its formal rebrand to Inspired by Somerset Development (Inspired) .

Key Points: 
  • Somerset Development, one of the real estate industrys foremost innovators in large-scale mixed-use redevelopment, today announced its formal rebrand to Inspired by Somerset Development (Inspired) .
  • The shift better encapsulates the companys growing reputation for creating inspirational development initiatives, including its signature Bell Works projects in New Jersey and Chicagoland.
  • Through the thoughtful adaptive reuse of two large-scale former corporate telecom facilities, the Bell Works initiatives have introduced the concept of the metroburb: a self-contained metropolis in a spacious, livable suburban locale.
  • For more information on Inspired by Somerset Development, contact the company by calling (732) 367-2828 or via the companys new website at inspiredsd.com .