REIT

ARMOUR Residential REIT, Inc. Confirms April 2024 Common Share and Series C Preferred Share Dividends

Retrieved on: 
Monday, April 1, 2024
Trust, REIT

ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes.

Key Points: 
  • ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes.
  • In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income.
  • Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders.
  • Actual dividends are determined at the discretion of the Company’s Board of Directors, who may consider additional factors including the Company’s results of operations, cash flows, financial condition and capital requirements as well as current market conditions, expected opportunities and other relevant factors.

Sachem Capital Reports Full Year 2023 Results

Retrieved on: 
Monday, April 1, 2024
Real estate investing, Tax, Interest, Growth, Weakness, Partnership, Telephone, Webcast, REIT, Wells Fargo Advisors, Investment, CPA, Cryptocurrency

BRANFORD, Conn., April 01, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the year ended December 31, 2023. The Company will host a conference call on Monday, April 1, 2024 at 8:00 a.m. Eastern Time to discuss its financial and operating results.

Key Points: 
  • BRANFORD, Conn., April 01, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the year ended December 31, 2023.
  • For the year ended 2023, interest income was $49.3 million compared to $42.6 million for the 2022 period.
  • Total operating costs and expenses for the year ended December 31, 2023 were $49.7 million, compared to $31.4 million for the 2022 period.
  • Total shareholders’ equity at December 31, 2023 rose $12.4 million to $230.1 million compared to $217.7 million at December 31, 2022.

Slice Expands to 47 States + D.C. with PHLY AM Best A++ Rated Contractors General Liability Insurance

Retrieved on: 
Tuesday, April 9, 2024
Building Systems, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Insurance, Technology, Small Business, Professional Services, Urban Planning, Other Technology, REIT, Landscape, Interior Design, Networks, Architecture, Other Construction & Property, Partnership, AM Best, General contractor, Life insurance

Slice Labs Inc (Slice), a pioneering technology company revolutionizing insurance solutions for small businesses, proudly announces its expansion into 7 additional states and the District of Columbia with Philadelphia Insurance (PHLY) backed AM Best A++ rated Contractors General Liability small business insurance product, now providing coverage in a total of 47 states; all but Kentucky, Louisiana and New York.

Key Points: 
  • Slice Labs Inc (Slice), a pioneering technology company revolutionizing insurance solutions for small businesses, proudly announces its expansion into 7 additional states and the District of Columbia with Philadelphia Insurance (PHLY) backed AM Best A++ rated Contractors General Liability small business insurance product, now providing coverage in a total of 47 states; all but Kentucky, Louisiana and New York.
  • Slice continues to set the standard in the industry with its fully digital small business insurance offering, featuring PHLY’s top-rated contractors general liability product.
  • This expansion enables agents to provide coverage for over 60 class codes in 47 states plus the District of Columbia.
  • With this latest milestone, Slice reaffirms its commitment to near-nationwide accessibility and superior insurance protection for small businesses across the United States.

Catalyst Investment Partners Closes $186.9 Million in LP Commitments for Catalyst IOS Fund II

Retrieved on: 
Tuesday, April 9, 2024
Consulting, Residential Building & Real Estate, Commercial Building & Real Estate, Urban Planning, Construction & Property, REIT, Professional Services, Transport, Logistics, Supply Chain Management, Other Construction & Property, Finance, Trust, IOS, Fund, Marketing, Growth, Catalysis, LP record, Entrepreneurship

Catalyst Investment Partners, a leading IOS-focused investment manager, announced today it has held a final close of Catalyst IOS Fund II (“Fund II” or the “Fund”) oversubscribed with $186.9 million in LP commitments.

Key Points: 
  • Catalyst Investment Partners, a leading IOS-focused investment manager, announced today it has held a final close of Catalyst IOS Fund II (“Fund II” or the “Fund”) oversubscribed with $186.9 million in LP commitments.
  • Fund II received broad-based institutional interest both domestically and internationally, surpassing the $150 million fundraise target.
  • The Fund is the second in the firm’s IOS Fund Series focused on densely populated, infill industrial markets with high barriers to entry.
  • Fund II will grow the Catalyst IOS portfolio to over $500 million in gross asset value, made possible by the firm’s 20-person team dedicated purely to IOS.

Easterly Government Properties Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Tuesday, April 9, 2024
Courts, White House, Federal Government, Public Policy, Government, Commercial Building & Real Estate, Construction & Property, REIT, DEA, PIN

Easterly Government Properties, Inc. (NYSE: DEA) today announced that the Company will release its first quarter 2024 financial results on April 30, 2024.

Key Points: 
  • Easterly Government Properties, Inc. (NYSE: DEA) today announced that the Company will release its first quarter 2024 financial results on April 30, 2024.
  • A conference call will be held Tuesday, April 30, 2024, at 11:00am Eastern time.
  • The management team will review first quarter performance, discuss recent events and conduct a question-and-answer session.
  • There will also be a live audio, listen-only webcast of the call on the Investor Relations section of Easterly’s Investor Relations website at ir.easterlyreit.com .

Genesis Capital Closes Largest Ever Rated Residential Transition Loan Securitization

Retrieved on: 
Tuesday, April 9, 2024
REIT, Finance, Professional Services, Residential Building & Real Estate, Construction & Property, Multimedia, Morgan Stanley, Acquisition, Capital, Growth, RTL, Sale, Deutsche Bank, Goldman Sachs

Genesis Capital LLC (“Genesis”), a leading business purpose lender that provides innovative debt solutions to professional real estate developers for new acquisition, renovation, ground-up construction, and long-term rental hold projects across the residential spectrum, today announced it has completed a $500 million rated securitization backed by residential transition loans (“RTL”).

Key Points: 
  • Genesis Capital LLC (“Genesis”), a leading business purpose lender that provides innovative debt solutions to professional real estate developers for new acquisition, renovation, ground-up construction, and long-term rental hold projects across the residential spectrum, today announced it has completed a $500 million rated securitization backed by residential transition loans (“RTL”).
  • The transaction, which received support from 46 investors, represents the largest-ever rated residential transition loan securitization and the first rated transaction focused on ground-up construction.
  • View the full release here: https://www.businesswire.com/news/home/20240409467613/en/
    The deal’s structure featured three classes of offered bonds ranging from A (low) rated to BB (low) rated bonds.
  • “The offering will enhance Genesis’ ability to provide innovative, tailored capital solutions to high-quality developers.

 Franklin BSP Realty Trust, Inc. Announces Closing of $125 Million Loan on a Southwest Industrial Portfolio

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Cushman & Wakefield, Southwestern United States

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $125 million floating-rate senior loan facilitating the refinancing of a four-property industrial portfolio located across the Southwestern United States.

Key Points: 
  • Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $125 million floating-rate senior loan facilitating the refinancing of a four-property industrial portfolio located across the Southwestern United States.
  • Inclusive of this loan, FBRT has committed to $716 million of loan originations year-to-date and has a robust forward pipeline.
  • The 1.1 million square foot industrial portfolio is 94.9% leased with properties located throughout Dallas, Las Vegas, and Phoenix/Mesa/Scottsdale MSAs.
  • FBRT’s loan has a two-year initial term and two one-year extension options, subject to the borrower meeting certain requirements.

LTC Announces Date of First Quarter 2024 Earnings Release, Conference Call and Webcast

Retrieved on: 
Tuesday, April 9, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, LTC, Interest

LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), will release first quarter earnings on Monday, April 29, 2024 after market close.

Key Points: 
  • LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), will release first quarter earnings on Monday, April 29, 2024 after market close.
  • LTC will conduct a conference call on Tuesday, April 30, 2024 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the performance and operating results for the quarter ended March 31, 2024.
  • Interested parties may access the live conference call via the following:

Builders FirstSource to Host First Quarter 2024 Financial Results Conference Call and Webcast

Retrieved on: 
Tuesday, April 9, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Urban Planning, Construction & Property, REIT, Professional Services, Landscape, Interior Design, Building Systems, Architecture, Finance, Webcast, Conference, Central Time, Firstsource

Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host a conference call and webcast on Tuesday, May 7, 2024, to discuss the Company’s financial results and other business matters.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host a conference call and webcast on Tuesday, May 7, 2024, to discuss the Company’s financial results and other business matters.
  • The teleconference will begin at 8:00 a.m. Central Time and will be hosted by Dave Rush, Chief Executive Officer, and Peter Jackson, Chief Financial Officer.
  • To participate in the teleconference, please dial into the call a few minutes before the start time at 800-274-8461 (U.S. and Canada) or 203-518-9814 (international), Conference ID: BLDRQ124.
  • A replay of the call will be available at 12:00 p.m. Central Time through Tuesday, May 14, 2024.

Jodi Nishimura, One of the East Bay’s Top Agents, Brings Her Well-Known Boutique Brand to Real

Retrieved on: 
Tuesday, April 9, 2024
Technology, Other Construction & Property, Residential Building & Real Estate, Other Technology, Construction & Property, REIT, Culture, Private label, Real estate

The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing publicly traded brokerage, today announced that Jodi Nishimura, who ranks in the top 1% of agents serving the East Bay, has brought her boutique brand, Kai Real Estate, to the company.

Key Points: 
  • The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing publicly traded brokerage, today announced that Jodi Nishimura, who ranks in the top 1% of agents serving the East Bay, has brought her boutique brand, Kai Real Estate, to the company.
  • The addition of the 12-agent team adds to Real’s growing presence throughout California, which more than doubled in 2023.
  • It’s a pleasure to welcome Jodi and the Kai Real Estate team to Real.
  • She formed Kai Real Estate in 2021, after spending most of her career as an independent agent.