REIT

Weingarten Realty Investors Revises First Quarter 2020 Conference Call Time and Updates Investment Status

Wednesday, April 1, 2020 - 9:27pm

Weingarten Realty Investors (NYSE:WRI) announced today that it has revised the date and start time of its previously announced first quarter 2020 conference call to Friday, May 8, 2020 at 12:00 p.m. Central Time.

Key Points: 
  • Weingarten Realty Investors (NYSE:WRI) announced today that it has revised the date and start time of its previously announced first quarter 2020 conference call to Friday, May 8, 2020 at 12:00 p.m. Central Time.
  • The Company is also assessing all construction projects as well as other non-essential capital expenditures and will provide additional updates on its First Quarter 2020 earnings call.
  • For those without Internet access, the first quarter 2020 earnings release and supplemental data package will be available by mail upon request.
  • Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer.

COPT Launches Webpage on Sustainability

Wednesday, April 1, 2020 - 9:16pm

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties.

Key Points: 
  • COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties.
  • The Company also owns a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (Regional Office Properties).
  • As of December 31, 2019, the Company derived 88% of its core portfolio annualized rental revenue from Defense/IT Locations and 12% from its Regional Office Properties.
  • Forward-looking statements can be identified by the use of words such as may, will, should, could, believe, anticipate, expect, estimate, plan or other comparable terminology.

National Storage Affiliates Announces Internalization of Its Largest PRO and Appointment of David Cramer as Its Chief Operating Officer

Wednesday, April 1, 2020 - 9:01pm

Also effective April 1, 2020, Dave Cramer, previously president and chief executive officer of SecurCare, was appointed Executive Vice President and Chief Operating Officer of NSA.

Key Points: 
  • Also effective April 1, 2020, Dave Cramer, previously president and chief executive officer of SecurCare, was appointed Executive Vice President and Chief Operating Officer of NSA.
  • Further details are contained in NSA's current report on Form 8-K, filed with the SEC on February 24, 2020.
  • Tamara Fischer, President and Chief Executive Officer, commented, "Im pleased to announce that despite the unprecedented economic environment, the internalization of SecurCare was completed as originally scheduled.
  • Dave Cramer, NSAs new Executive Vice President and Chief Operating Officer, added, "Im excited to transition to the NSA management team and further develop the corporate operating platform.

Principal Real Estate Investors Earns ENERGY STAR® Partner of the Year Sustained Excellence Award

Wednesday, April 1, 2020 - 7:09pm

For the third consecutive year, Principal Real Estate Investors has been named an ENERGY STAR Partner of the Year Sustained Excellence award winner.

Key Points: 
  • For the third consecutive year, Principal Real Estate Investors has been named an ENERGY STAR Partner of the Year Sustained Excellence award winner.
  • A top 10 global real estate manager1, Principal Real Estate Investors has been an ENERGY STAR partner since 2009 and continues to integrate energy efficiency into its Pillars of Responsible Property Investing (PRPI) initiative.
  • We are proud to receive another Sustained Excellence award as an ENERGY STAR partner, said Jennifer McConkey, senior director of operations and sustainability for Principal Real Estate Investors.
  • Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors , a diversified asset management organization and a member of the Principal Financial Group .

OmniTRAX Launches Rail-Ready Sites Program at Winchester & Western Railroad

Wednesday, April 1, 2020 - 5:00pm

OmniTRAX, one of the fastest growing railroads in North America and an affiliate of The Broe Group, announces the launch of its new Rail-Ready Sites program.

Key Points: 
  • OmniTRAX, one of the fastest growing railroads in North America and an affiliate of The Broe Group, announces the launch of its new Rail-Ready Sites program.
  • This program, designed to bring together rail-served sites and customers in need of development properties, kicks off with 10 Rail-Ready Sites along the New Jersey division of the Winchester and Western Railroad (WW).
  • Together, the 10 sites total close to 600 acres and range in size from seven to more than 140 acres.
  • The Rail-Ready Sites program is a way to collaborate with our community partners and bring rail-served properties to market, aiding those communities and embracing rail-related growth.

UC Asset Reported 7 Cents/Unit Net Gain for 2019 And 8.58% YoY Net Equity Growth

Wednesday, April 1, 2020 - 3:46pm

View the full release here: https://www.businesswire.com/news/home/20200401005483/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200401005483/en/
    For the year of 2019, UC Asset reported a $0.07 per unit net gain and, after factored in the distribution of $.0.050/unit in the year of 2018, its net equity per unit has grown 39%, which equals to 8.58% year over year compound growth, since its inception.
  • We are looking forward to better performance in the years to come, says Greg Bankston, UC Assets managing partner.
  • Most recently, Litchfield Hills Research gave UC Asset a buy rating and a target price of $5.50 per share.
  • For more information about UC Asset, please visit: www.ucasset.com
    This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Terreno Realty Corporation Announces Lease in Oakland, CA

Wednesday, April 1, 2020 - 2:15pm

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a full building lease for 93,000 square feet in Oakland, California with a lithium extraction technology and services company.

Key Points: 
  • Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a full building lease for 93,000 square feet in Oakland, California with a lithium extraction technology and services company.
  • The lease commenced March 31, 2020 and expires May 31, 2023.
  • Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.
  • We caution investors that forward-looking statements are based on managements beliefs and on assumptions made by, and information currently available to, management.

ClosingCorp Reports Average Mortgage Closing Cost Data for 2019

Wednesday, April 1, 2020 - 2:00pm

ClosingCorp , a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, today released its most recent closing cost data, which showed that in 2019 national average closing costs for a single-family property were $5,749 including taxes, and $3,339 excluding taxes.

Key Points: 
  • ClosingCorp , a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, today released its most recent closing cost data, which showed that in 2019 national average closing costs for a single-family property were $5,749 including taxes, and $3,339 excluding taxes.
  • ClosingCorp uses home price data from CoreLogic to estimate closing costs for an average home at the state, core-based statistical area (CBSA) and county levels.
  • Unlike the cost of many products that spike when demand goes up, the costs associated with mortgage closings remained flat in 2019.
  • In fact, the difference in the average closing cost between 2018 and 2019 was only $30, including taxes, and $5, excluding taxes.

LTC Declares Its Monthly Common Stock Cash Dividend for the Second Quarter of 2020

Wednesday, April 1, 2020 - 2:30pm

LTC Properties, Inc. (NYSE:LTC) announced today that it had declared a monthly cash dividend on its common stock for the second quarter of 2020.

Key Points: 
  • LTC Properties, Inc. (NYSE:LTC) announced today that it had declared a monthly cash dividend on its common stock for the second quarter of 2020.
  • The Company declared a monthly cash dividend of $0.19 per common share per month for the months of April, May and June 2020, payable on April 30, May 29 and June 30, 2020, respectively, to stockholders of record on April 22, May 21 and June 22, 2020, respectively.
  • LTC holds more than 200 investments in 28 states with 30 operating partners.
  • The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.

New Residential Investment Corp. Announces Agreements to Sell Certain Non-Agency Securities

Wednesday, April 1, 2020 - 1:30pm

New Residential Investment Corp. (NRZ, New Residential, the Company) today announced that the Company has entered into definitive agreements to sell approximately $6.1 billion face value of non-agency residential mortgage-backed securities to several buyers.

Key Points: 
  • New Residential Investment Corp. (NRZ, New Residential, the Company) today announced that the Company has entered into definitive agreements to sell approximately $6.1 billion face value of non-agency residential mortgage-backed securities to several buyers.
  • In line with those goals, we sold a portfolio of non-agency securities and reduced our short-term financing exposure.
  • New Residential has built a diversified, hard-to-replicate portfolio with high-quality investment strategies that have generated returns across different interest rate environments over time.
  • New Residential is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm, and headquartered in New York City.