Construction & Property

FCPT Announces Acquisition of a Buffalo Wild Wings Property for $2.3 Million

Retrieved on: 
Monday, August 8, 2022 - 10:15pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (FCPT or the Company), is pleased to announce the acquisition of a Buffalo Wild Wings property for $2.3 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (FCPT or the Company), is pleased to announce the acquisition of a Buffalo Wild Wings property for $2.3 million.
  • The property is located in a strong retail corridor in Illinois and is occupied under a triple net ground lease with approximately two years of term remaining.
  • The transaction was priced at a 6.3% capitalization rate, exclusive of transaction costs.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties.

Kimco Realty® Announces Redemption in Full of its 3.375% Notes due 2022

Retrieved on: 
Monday, August 8, 2022 - 9:07pm

Kimco Realty (NYSE: KIM) (Kimco Realty or the Company), today announced that it will redeem $288.402 million aggregate principal amount of its 3.375% Notes due October 15, 2022 (CUSIP No.

Key Points: 
  • Kimco Realty (NYSE: KIM) (Kimco Realty or the Company), today announced that it will redeem $288.402 million aggregate principal amount of its 3.375% Notes due October 15, 2022 (CUSIP No.
  • 948741 AH6) (the Senior Notes), representing all of the outstanding Senior Notes, on September 7, 2022 (the Redemption Date).
  • Pursuant to the terms of the Senior Notes, the redemption price (the Redemption Price) will be equal to par, plus accrued and unpaid interest to, but not including, the Redemption Date of $16.125 for each $1,000 principal amount of Senior Notes redeemed.
  • A notice of redemption and related materials will be mailed to holders of record of the Senior Notes on August 8, 2022.

Bridge Investment Group Holdings Inc. Reports Second Quarter 2022 Results

Retrieved on: 
Monday, August 8, 2022 - 9:05pm

Bridge Investment Group Holdings Inc. (NYSE: BRDG) (Bridge or the Company) today reported its financial results for the second quarter ended June 30, 2022.

Key Points: 
  • Bridge Investment Group Holdings Inc. (NYSE: BRDG) (Bridge or the Company) today reported its financial results for the second quarter ended June 30, 2022.
  • Total Revenue and Investment Income were $99.0 million and $104.9 million, respectively, for the quarter ended June 30, 2022.
  • Bridge Investment Group Holdings Inc. issued a full detailed presentation of its second quarter 2022 results, which can be viewed on the Investors section of our website at www.bridgeig.com .
  • Interested parties may access the conference call live over the phone by dialing 1-877-405-1210 (Toll Free) or 1-201-689-8721 (Toll/International) and requesting Bridge Investment Group Holdings Inc.s Second Quarter 2022 Earnings Conference Call.

Seritage Growth Properties Makes $100 Million Loan Prepayment

Retrieved on: 
Monday, August 8, 2022 - 9:30pm

Seritage Growth Properties (NYSE: SRG) (the Company), a national owner and developer of 161 retail, residential and mixed-use properties, today announced that on August 5, 2022, the Company made a voluntary prepayment of $100 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska (Berkshire Hathaway).

Key Points: 
  • Seritage Growth Properties (NYSE: SRG) (the Company), a national owner and developer of 161 retail, residential and mixed-use properties, today announced that on August 5, 2022, the Company made a voluntary prepayment of $100 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska (Berkshire Hathaway).
  • The prepayment will also reduce Seritages total annual interest expense related to the term loan facility by approximately $7 million.
  • Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of diversified and mixed-use properties throughout the United States.
  • The portfolio consists of approximately 15.2 million square feet of GLA held by 136 wholly owned properties and 3.8 million square feet of GLA held by 25 unconsolidated entities.