REIT

Strategic Storage Trust VI, Inc. Acquires Self Storage Facility in the Phoenix Metropolitan Area

Thursday, December 2, 2021 - 1:55am

Strategic Storage Trust VI, Inc. (SST VI), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced today the acquisition of a newly constructed 650-unit self storage facility in Phoenix, Arizona.

Key Points: 
  • Strategic Storage Trust VI, Inc. (SST VI), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced today the acquisition of a newly constructed 650-unit self storage facility in Phoenix, Arizona.
  • About Strategic Storage Trust VI, Inc. (SST VI):
    SST VI is a Maryland corporation that intends to qualify as a real estate investment trust for federal income tax purposes.
  • SST VIs primary investment strategy is to invest in income producing and growth self storage facilities and related self storage real estate investments in the United States and Canada.
  • About SmartStop Self Storage REIT, Inc. (SmartStop):
    SmartStop is a self-managed REIT with a fully integrated operations team of approximately 400 self storage professionals focused on growing the SmartStop Self Storage brand.

NexPoint Diversified Real Estate Trust Declares Regular Monthly Distribution

Thursday, December 2, 2021 - 12:10am

DALLAS, Dec. 01, 2021 (GLOBE NEWSWIRE) -- NexPoint Diversified Real Estate Trust (NYSE: NXDT) (NXDT or the Company) today announced its regular monthly distribution on its common stock of$0.05per share.

Key Points: 
  • DALLAS, Dec. 01, 2021 (GLOBE NEWSWIRE) -- NexPoint Diversified Real Estate Trust (NYSE: NXDT) (NXDT or the Company) today announced its regular monthly distribution on its common stock of$0.05per share.
  • The NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a closed-end fund managed by NexPoint Advisors, L.P. that is in the process of converting to a diversified REIT.
  • Effective November 8, 2021, NHF changed its name to NexPoint Diversified Real Estate Trust and is traded on the New York Stock Exchange under the ticker NXDT.
  • Investors should consider the investment objectives, risks, charges and expenses of the NexPoint Diversified Real Estate Trust carefully before investing.

InPoint Commercial Real Estate Income, Inc. Declares Series A Preferred Stock Dividend

Wednesday, December 1, 2021 - 10:00pm

InPoint Commercial Real Estate Income, Inc. (NYSE: ICR-PA), a Maryland corporation (the Company), announced today that its board of directors has declared a dividend on its Series A Cumulative Redeemable Preferred Stock.

Key Points: 
  • InPoint Commercial Real Estate Income, Inc. (NYSE: ICR-PA), a Maryland corporation (the Company), announced today that its board of directors has declared a dividend on its Series A Cumulative Redeemable Preferred Stock.
  • About InPoint Commercial Real Estate Income, Inc.
    InPoint Commercial Real Estate Income, Inc. is a commercial mortgage real estate investment trust that seeks to originate, acquire and manage a diversified credit portfolio secured by commercial real estate properties primarily within the United States.
  • This press release contains forward-looking statements about the Companys business, including, in particular, statements about the Companys plans, strategies and objectives.
  • You can generally identify forward-looking statements by the Companys use of forward-looking terminology such as may, will, expect, intend, anticipate, estimate, believe, continue or other similar words.

Sabra Health Care REIT, Inc. to Attend Jefferies Real Estate Conference

Wednesday, December 1, 2021 - 9:05pm

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Rick Matros, the companys Chair and Chief Executive Officer, Harold Andrews, the companys Chief Financial Officer, Talya Nevo-Hacohen, the companys Chief Investment Officer, Michael Costa, the companys Executive Vice President of Finance and Chief Accounting Officer, and Lukas Hartwich, the companys Senior Vice President of Finance, will attend the Jefferies Real Estate Conference virtually on December 15-16, 2021.

Key Points: 
  • Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Rick Matros, the companys Chair and Chief Executive Officer, Harold Andrews, the companys Chief Financial Officer, Talya Nevo-Hacohen, the companys Chief Investment Officer, Michael Costa, the companys Executive Vice President of Finance and Chief Accounting Officer, and Lukas Hartwich, the companys Senior Vice President of Finance, will attend the Jefferies Real Estate Conference virtually on December 15-16, 2021.
  • Sabra Health Care REIT, Inc., a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a "REIT") that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20211201006115/en/

PS Business Parks, Inc. Announces Special Dividend to Be Paid in the Fourth Quarter 2021

Wednesday, December 1, 2021 - 9:05pm

This one-time dividend distribution will be paid in addition to the previously announced quarterly dividend of $1.05 per share of common stock, also payable on December 30, 2021 to stockholders of record on December 15, 2021.

Key Points: 
  • This one-time dividend distribution will be paid in addition to the previously announced quarterly dividend of $1.05 per share of common stock, also payable on December 30, 2021 to stockholders of record on December 15, 2021.
  • We are pleased to announce the declaration of a special dividend to be paid in the fourth quarter, providing a meaningful return to our stockholders, said Mac Chandler, the Companys President and Chief Executive Officer.
  • In 2021, we continued to execute on our strategy to unlock value in our portfolio and increase our long-term earnings growth rate.
  • Additional information about PS Business Parks, Inc., including more financial analysis of the third quarter operating results, is available on the Companys website at psbusinessparks.com.

CBL Properties Announces Exercise of Company Optional Exchange Right Under 7% Exchangeable Secured Notes

Wednesday, December 1, 2021 - 9:30pm

CBL & Associates Properties, Inc. (CBL, CBL Properties or the Company) (NYSE: CBL) today announced that its wholly-owned subsidiary, CBL & Associates Holdco II, LLC (the Issuer), had exercised its optional exchange right with respect to all of the $150 million aggregate principal amount of the Issuers 7% Exchangeable Secured Notes due 2028 (the Exchangeable Notes).

Key Points: 
  • CBL & Associates Properties, Inc. (CBL, CBL Properties or the Company) (NYSE: CBL) today announced that its wholly-owned subsidiary, CBL & Associates Holdco II, LLC (the Issuer), had exercised its optional exchange right with respect to all of the $150 million aggregate principal amount of the Issuers 7% Exchangeable Secured Notes due 2028 (the Exchangeable Notes).
  • The Issuer has notified holders that the exchange date will be January 28, 2022, and the settlement date for the exchange will be February 1, 2022.
  • Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of marketdominant properties located in dynamic and growing communities.
  • CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.

Condor Hospitality Trust, Inc. Announces Stockholder Approval of Proposed Plan of Liquidation

Wednesday, December 1, 2021 - 9:15pm

Prior to the Companys portfolio sale on November 19, 2021, the Company owned 15 hotels in 8 states.

Key Points: 
  • Prior to the Companys portfolio sale on November 19, 2021, the Company owned 15 hotels in 8 states.
  • The Companys hotels were franchised by a number of the industrys most well-regarded brand families including Hilton, Marriott, and InterContinental Hotels.
  • This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
  • These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict.

Pebblebrook Hotel Trust Acquires Estancia La Jolla Hotel & Spa in La Jolla, CA

Wednesday, December 1, 2021 - 9:10pm

Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that it acquired the AAA Four Diamond 210-room Estancia La Jolla Hotel & Spa (Estancia) in La Jolla, California for $108 million.

Key Points: 
  • Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that it acquired the AAA Four Diamond 210-room Estancia La Jolla Hotel & Spa (Estancia) in La Jolla, California for $108 million.
  • Estancia, spanning ten acres, is located in the heart of the affluent coastal La Jolla market.
  • We are extremely excited to acquire this premier resort in the rapidly growing La Jolla market, said Jon E. Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust.
  • Our redevelopment expertise, combined with Noble Houses extensive track record of repositioning unique resorts, should generate tremendous value creation for Estancia.

SITE Centers Declares Fourth Quarter 2021 Class A Preferred Share Dividend

Wednesday, December 1, 2021 - 9:05pm

SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its fourth quarter 2021 Preferred Class A stock dividend of $0.39844 per depositary share.

Key Points: 
  • SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its fourth quarter 2021 Preferred Class A stock dividend of $0.39844 per depositary share.
  • Each Class A depositary share is equal to one-twentieth of a share of SITE Centers 6.375% Class A Cumulative Redeemable Preferred Stock.
  • The declared Preferred Class A dividend covers the period beginning October 15, 2021 and ending January 14, 2022.
  • The declared Preferred Class A Dividend is payable in cash on January 17, 2022 to shareholders of record at the close of business on December 30, 2021.

Camden Property Trust Announces Fourth Quarter 2021 Dividend

Wednesday, December 1, 2021 - 9:15pm

The Board of Trust Managers of Camden Property Trust (NYSE:CPT) (the Company) declared a fourth quarter cash dividend of $0.83 per share to holders of record as of December 16, 2021 of its Common Shares of Beneficial Interest.

Key Points: 
  • The Board of Trust Managers of Camden Property Trust (NYSE:CPT) (the Company) declared a fourth quarter cash dividend of $0.83 per share to holders of record as of December 16, 2021 of its Common Shares of Beneficial Interest.
  • The dividend is to be paid on January 18, 2022.
  • Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities.
  • Camden owns interests in and operates 171 properties containing 58,588 apartment homes across the United States.