REIT

TPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock

Retrieved on: 
Tuesday, June 14, 2022

TPG RE Finance Trust, Inc. (NYSE: TRTX) (TRTX or the Company) today announced that on June 13, 2022, the Companys Board of Directors declared a cash dividend of $0.24 per share of common stock for the second quarter of 2022.

Key Points: 
  • TPG RE Finance Trust, Inc. (NYSE: TRTX) (TRTX or the Company) today announced that on June 13, 2022, the Companys Board of Directors declared a cash dividend of $0.24 per share of common stock for the second quarter of 2022.
  • The dividend will be payable on July 25, 2022 to common stockholders of record as of June 28, 2022.
  • TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States.
  • The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset management firm TPG Inc. (NASDAQ: TPG).

Parque Arauco and Hasta Capital Sign a Purchase Promise Agreement for the Development of a Multi-Family Residential Property in Medellín, Colombia

Retrieved on: 
Tuesday, June 14, 2022

Parque Arauco S.A. (PARAUCO.SN) announces a partnership with Hasta Capital to develop its second multi-family residential property in Colombia.

Key Points: 
  • Parque Arauco S.A. (PARAUCO.SN) announces a partnership with Hasta Capital to develop its second multi-family residential property in Colombia.
  • Today, Parque Arauco signed a purchase promise agreement of a plot of land in Medellin where it will develop its second multi-family project in Colombia.
  • Parque Arauco will own 95% of the asset, while Hasta Capital will own the remaining 5%.
  • We will continue our tradition of rigorously assigning capital to profitable projects that add value to the shareholders of Parque Arauco.

SMTA Liquidating Trust Provides Update

Retrieved on: 
Tuesday, June 14, 2022

SMTA LIQUIDATING TRUST (the Trust) (a successor to Spirit MTA REIT (SMTA)) is today providing an update on its asset sale process and the distributions expected to be made by the Trust.

Key Points: 
  • SMTA LIQUIDATING TRUST (the Trust) (a successor to Spirit MTA REIT (SMTA)) is today providing an update on its asset sale process and the distributions expected to be made by the Trust.
  • The trustees of the Trust are pleased to announce that the Trust will make a liquidating distribution of $0.52 per unit of beneficial interest of the Trust.
  • SMTA Liquidating Trust is a Maryland common law trust.
  • The purpose of SMTA Liquidating Trust is to liquidate its assets and distribute the net proceeds to the holders of its units.

U.S. Remodeler Index (USRI) Bullish Despite Complex Conditions

Retrieved on: 
Tuesday, June 14, 2022

Remodelers and home improvement professionals nationwide remain bullish about residential construction activity according to the latest U.S. Remodeler Index, a gauge of sentiment and remodeling activity conducted quarterly by Qualified Remodeler and John Burns Real Estate Consulting.

Key Points: 
  • Remodelers and home improvement professionals nationwide remain bullish about residential construction activity according to the latest U.S. Remodeler Index, a gauge of sentiment and remodeling activity conducted quarterly by Qualified Remodeler and John Burns Real Estate Consulting.
  • For the first quarter of 2022, the aggregate reading was 67.7 on a scale where any reading over 50 is positive.
  • Large-scale projects are driving the market, and projects continue getting bigger despite rapidly rising costs.
  • To learn more about Qualified Remodeler or SOLA Group Inc ., contact Paul Degrandis at [email protected] .

InvenTrust Properties Corp. Announces Quarterly Cash Dividend

Retrieved on: 
Tuesday, June 14, 2022

InvenTrust Properties Corp. (InvenTrust IVT or the Company) (NYSE: IVT) announced today that its Board of Directors declared a quarterly cash distribution of $0.2052 per share of common stock for the quarter ending June 30, 2022.

Key Points: 
  • InvenTrust Properties Corp. (InvenTrust IVT or the Company) (NYSE: IVT) announced today that its Board of Directors declared a quarterly cash distribution of $0.2052 per share of common stock for the quarter ending June 30, 2022.
  • InvenTrust Properties Corp. (we, the Company, our, us, "IVT" or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.
  • We pursue our business strategy by acquiring retail properties in Sun Belt markets, opportunistically disposing of retail properties, maintaining a flexible capital structure, and enhancing environmental, social and governance (ESG) practices and standards.
  • Investors and others should note that InvenTrust routinely announces material information to investors and the marketplace using U.S. Securities and Exchange Commission filings, press releases, public conference calls, webcasts and the InvenTrust investor relations website.

Team of Investment Industry Veterans Launches o15 Capital Partners, a Mission-Driven Alternatives Investment Firm

Retrieved on: 
Tuesday, June 14, 2022

ATLANTA, June 14, 2022 /PRNewswire/ -- Finance veterans Colin Meadows, Kenneth Saffold, and Brian Morris, today announced the official launch of o15 Capital Partners ("o15"), a mission-driven alternatives investment firm that will provide capital to companies led by and serving undercapitalized entrepreneurs and communities. o15 seeks to provide institutions the opportunity to invest in a more diverse economy through credit and equity investments in lower-middle-market businesses in the United States, with a particular emphasis on businesses led by women or minorities. Invesco Ltd. (NYSE: IVZ), a global investment management firm with $1.6 trillion in assets under management (as of March 31, 2022), is a strategic partner and will serve as an investor in the firm's o15 Emerging America Credit Opportunities Fund LP (the "Fund").

Key Points: 
  • ATLANTA, June 14, 2022 /PRNewswire/ -- Finance veterans Colin Meadows, Kenneth Saffold, and Brian Morris, today announced the official launch of o15 Capital Partners ("o15"), a mission-driven alternatives investment firm that will provide capital to companies led by and serving undercapitalized entrepreneurs and communities.
  • Since 2011, the firm's founders have committed $1.9 billion in more than 50 transactions directly related to o15's investment strategy.
  • "The diversity of the leadership team enables the firm to identify strong investment opportunities in undercapitalized markets that others may overlook," added Brian Morris, Co-Founder and Managing Partner of o15.
  • Headquartered in Atlanta, Georgia,o15 is an alternatives investment firm with a mission to provide growth capital to companies led by and serving undercapitalized entrepreneurs and communities.

Slate Asset Management Completes Acquisition of Presima, a $1.1-Billion Montreal-Based Specialist Investment Manager Focused on Global Real Estate Securities

Retrieved on: 
Tuesday, June 14, 2022

Slate Asset Management (Slate), a global alternative investment platform targeting real assets, today announced it has completed the previously announced acquisition of Presima Inc. (Presima), a Montreal-based asset manager focused on global real estate securities (the Transaction).

Key Points: 
  • Slate Asset Management (Slate), a global alternative investment platform targeting real assets, today announced it has completed the previously announced acquisition of Presima Inc. (Presima), a Montreal-based asset manager focused on global real estate securities (the Transaction).
  • Presima is a specialist investment manager with a 20-year track record of performance in public market real estate investing.
  • The close of this Transaction marks an exciting milestone in the growth of our investment management business and our broader global investment and asset management platform, said Blair Welch, Founding Partner at Slate.
  • Presima is a specialist asset manager that excels in its niche listed REIT market, wholly owned by Slate Asset Management.

Alex Kleyner’s ABK Capital Continues to Grow In Florida Real Estate Market

Retrieved on: 
Tuesday, June 14, 2022

Debt financing company ABK Capital keeps on expanding thanks to the visionary strategies of its young founder, Alex Kleyner.

Key Points: 
  • Debt financing company ABK Capital keeps on expanding thanks to the visionary strategies of its young founder, Alex Kleyner.
  • ABK Capital is particularly focused on the Miami real estate market which has been booming in recent years.
  • Although this may seem like a wise move, it makes the real estate market harder to navigate.
  • Alex Kleyner and ABK Capital are there to help them achieve their goals.

SL Green Realty Corp. Announces Common and Preferred Stock Dividends

Retrieved on: 
Tuesday, June 14, 2022

NEW YORK, June 14, 2022 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattans largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.3108 per share of common stock.

Key Points: 
  • NEW YORK, June 14, 2022 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattans largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.3108 per share of common stock.
  • About SL Green Realty Corp.
    SL Green Realty Corp., Manhattans largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties.
  • As of March 31, 2022, SL Green held interests in 72 buildings totaling 34.7 million square feet.
  • This included ownership interests in 26.7 million square feet of Manhattan buildings and 7.2 million square feet securing debt and preferred equity investments.