REIT | Jotup

Columbia Property Trust Announces New Board Chair

Retrieved on:

Monday, January 4, 2021

Commercial Building & Real Estate, Construction & Property, REIT, Articles, Business, New York Stock Exchange, Trust law, Board of directors, Independent director

Columbia Property Trust, Inc. (NYSE: CXP) announced today that Constance B. Moore has been appointed as chair of its board of directors, effective December 31, 2020.

Key Points:

Columbia Property Trust, Inc. (NYSE: CXP) announced today that Constance B. Moore has been appointed as chair of its board of directors, effective December 31, 2020.
Mr. Dixon has elected to step down as chair but will continue as an independent director on the board.
View the full release here: https://www.businesswire.com/news/home/20210104005072/en/
Constance B. Moore has been appointed as chair of the board of directors of Columbia Property Trust, effective December 31, 2020.
Columbia Property Trust (NYSE: CXP) creates value through owning, operating, and developing Class-A office buildings in New York, San Francisco, Washington D.C., and Boston.

New York City REIT, Inc. Announces Common Stock Dividend for First Quarter 2021

Retrieved on:

Friday, January 1, 2021

Commercial Building & Real Estate, Construction & Property, REIT, Equity securities, Financial markets, Financial economics, Real estate investment trust, Corporate finance, Dividend, New York Stock Exchange, Common stock, David Lerner Associates

New York City REIT, Inc. (NYSE: NYC) (NYC) announced today that it intends to continue to pay dividends on its shares of Class A common stock and Class B common stock at an annualized rate of $0.40 per share or $0.10 per share on a quarterly basis.

Key Points:

New York City REIT, Inc. (NYSE: NYC) (NYC) announced today that it intends to continue to pay dividends on its shares of Class A common stock and Class B common stock at an annualized rate of $0.40 per share or $0.10 per share on a quarterly basis.
Accordingly, NYC declared a dividend of $0.10 per share on each share of NYCs Class A common stock and Class B common stock payable on January 15, 2021 to common stock holders of record at the close of business on January 11, 2021.
About New York City REIT, Inc.
New York City REIT, Inc. is a publicly traded REIT that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.
These forward-looking statements involve substantial risks and uncertainties that could cause the outcome to be materially different.

Wilshire Quinn Provides $3,400,000 Refinance Loan in New York, New York

Retrieved on:

Thursday, December 31, 2020

Commercial Building & Real Estate, Construction & Property, Finance, Urban planning, Banking, REIT, Professional services, Small business, Residential Building & Real Estate, Loans, Notary

announced Thursday that its private lending fund, the Wilshire Quinn Income Fund, has provided a $3,400,000 refinance loan in New York, New York.

Key Points:

announced Thursday that its private lending fund, the Wilshire Quinn Income Fund, has provided a $3,400,000 refinance loan in New York, New York.
Wilshire Quinn typically funds loans in 5 to 7 business days and originates bridge loans ranging from $200,000-$20,000,000.
Loans are made or arranged by Wilshire Quinn Income Fund, LLC pursuant to California Finance Lenders Law license #603J060.
Any such offer to purchase securities will be made only through the Private Placement Memorandum of Wilshire Quinn Income Fund, LLC.

FCPT Announces Sale-Leaseback of a Jiffy Lube Property for $1.6 Million

Retrieved on:

Thursday, December 31, 2020

Retail, Restaurant, Bar, Commercial Building & Real Estate, Specialty, Construction & Property, REIT, Contract law, Leaseback, Leasing, Sales, Real estate investing, Real estate investment trust, Economy

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Jiffy Lube property for $1.6 million via a sale-leaseback transaction.

Key Points:

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Jiffy Lube property for $1.6 million via a sale-leaseback transaction.
The property is located in a strong retail corridor in Indiana and is occupied under a new triple net lease by a franchisee operator (Hoosier Automotive Services) with 15 years of term remaining.
The transaction was priced at a going-in cash capitalization in range with previous FCPT transactions.
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

FCPT Announces 2020 Acquisition Volume and Sale-Leaseback of a Chili’s Restaurant Property for $2.9 million

Retrieved on:

Thursday, December 31, 2020

REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Contract law, Leaseback, Leasing, Sales, Real estate investing, Economy

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Chilis restaurant property for $2.9 million via a sale-leaseback transaction.

Key Points:

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Chilis restaurant property for $2.9 million via a sale-leaseback transaction.
The property is located in a strong retail corridor in South Carolina and is occupied under a new triple net lease by a franchisee operator with 20 years of term remaining.
Including today's acquisitions, in 2020 FCPT completed real estate acquisitions of 101 properties for a total investment of $222.7 million, exclusive of transaction costs.
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

Anworth Announces Increase to Series B Preferred Stock Conversion Rate

Retrieved on:

Thursday, December 31, 2020

Construction & Property, Professional services, REIT, Finance, Finance, Money, Equity securities, Corporate finance, Stock market, Financial ratios, Financial markets, Preferred stock, Dividend yield, Common stock, Dividend, Yield

Anworth Mortgage Asset Corporation (NYSE: ANH) announced that in accordance with the terms of Anworths 6.25% Series B Cumulative Convertible Preferred Stock, or Series B Preferred Stock, the conversion rate of the Series B Preferred Stock has increased from 6.1874 shares of Anworths common stock to 6.2176 shares of its common stock effective January 2, 2021.

Key Points:

Anworth Mortgage Asset Corporation (NYSE: ANH) announced that in accordance with the terms of Anworths 6.25% Series B Cumulative Convertible Preferred Stock, or Series B Preferred Stock, the conversion rate of the Series B Preferred Stock has increased from 6.1874 shares of Anworths common stock to 6.2176 shares of its common stock effective January 2, 2021.
When Anworth pays a cash dividend during any quarterly fiscal period to its common stockholders in an amount that results in an annualized common stock dividend yield greater than 6.25% (the dividend yield on the Series B Preferred Stock), the conversion rate on the Series B Preferred Stock is adjusted based on a formula specified in the Articles Supplementary Establishing and Fixing the Rights and Preferences of the Series B Preferred Stock (and also available on the Series B Pfd.
Stock Conversion page of Anworths web site at http://www.anworth.com ).
As a result of this dividend, the conversion rate has increased from 6.1874 shares of Anworths common stock to 6.2176 shares of its common stock effective January 2, 2021.

Phillips Edison & Company Announces Preliminary Results of Tender Offer

Retrieved on:

Thursday, December 31, 2020

Following the settlement of the Tender Offer, PECO will have approximately 319.7 million shares of Common Stock and OP Units outstanding.

Key Points:

Following the settlement of the Tender Offer, PECO will have approximately 319.7 million shares of Common Stock and OP Units outstanding.
Payments for the shares accepted for purchase under the Tender Offer are expected to be initiated on January 7, 2021.
It is not a recommendation, an offer to purchase, or a solicitation of an offer to sell shares of the Company.
Phillips Edison & Company, Inc. (PECO), an internally-managed REIT, is one of the nations largest owners and operators of grocery-anchored shopping centers.

LPC West and Geyser Holdings Acquire Creative Office and Entertainment Campus at 959 Seward, the Center of Hollywood’s Original Content Production

Retrieved on:

Thursday, December 31, 2020

Commercial Building & Real Estate, Construction & Property, Entertainment, Urban planning, REIT, Landscape, Interior design, Building Systems, Architecture, Residential Building & Real Estate, Geyser, Seward, Alaska, Landforms

LPC West, the West Coast arm of national real estate firm Lincoln Property Company, has partnered with Geyser Holdings to acquire 959 Seward, a creative office campus developed in 2015 by J.H.

Key Points:

LPC West, the West Coast arm of national real estate firm Lincoln Property Company, has partnered with Geyser Holdings to acquire 959 Seward, a creative office campus developed in 2015 by J.H.
The campus at 959 Seward is a rare asset, given its size, quality, and prime location in Hollywood, which has become the epicenter of original content creation.
As more technology companies develop content creation capabilities, the demand for office space to accommodate content production is growing.
Over the past decade Geyser Holdings has acquired more than half a billion dollars in retail, office and hotel assets.

Granite REIT Notice of Conference Call for Fourth Quarter and Year-End 2020 Results

Retrieved on:

Thursday, December 31, 2020

Professional services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Granite Real Estate, Real estate investment trust

Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the fourth quarter and year-ended December 31, 2020 after the close of markets on Wednesday, March 3, 2021.

Key Points:

Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the fourth quarter and year-ended December 31, 2020 after the close of markets on Wednesday, March 3, 2021.
Granite will hold a conference call on Thursday, March 4, 2021 at 11:00 a.m. (ET).
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe.
Granite owns over 110 investment properties representing approximately 47 million square feet of leasable area.

Terreno Realty Corporation Acquires Property in Tukwila, WA for $6.6 Million

Retrieved on:

Thursday, December 31, 2020

Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Tukwila, Washington

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property in Tukwila, Washington on December 30, 2020 for a purchase price of approximately $6.6 million.

Key Points:

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property in Tukwila, Washington on December 30, 2020 for a purchase price of approximately $6.6 million.
The 2.1-acre improved land parcel at 12119 East Marginal Way S is adjacent to State Routes 99 and 599 and Interstate 5.
The property is 100% leased to one tenant and the estimated stabilized cap rate is 4.6%.
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.