Commercial Building & Real Estate

EPR Properties Declares Monthly Dividend for Common Shareholders

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Monday, August 15, 2022 - 9:31pm

EPR Properties (NYSE:EPR) today announced that its Board of Trustees has declared its monthly cash dividend to common shareholders.

Key Points: 
  • EPR Properties (NYSE:EPR) today announced that its Board of Trustees has declared its monthly cash dividend to common shareholders.
  • The dividend of $0.275 per common share is payable September 15, 2022 to shareholders of record on August 31, 2022.
  • This dividend represents an annualized dividend of $3.30 per common share.
  • EPR Properties is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry.

Broadmark Realty Capital Declares Monthly Dividend for August 2022

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Monday, August 15, 2022 - 9:15pm

Broadmark Realty Capital Inc. (NYSE: BRMK) (the Company), an internally managed secured real estate finance company, today announced that its board of directors has declared a cash dividend of $0.07 per share of common stock for August 2022.

Key Points: 
  • Broadmark Realty Capital Inc. (NYSE: BRMK) (the Company), an internally managed secured real estate finance company, today announced that its board of directors has declared a cash dividend of $0.07 per share of common stock for August 2022.
  • The dividend will be payable on September 15, 2022 to stockholders of record as of August 31, 2022.
  • Broadmark Realty Capital Inc. (NYSE: BRMK) is a specialty real estate finance company, providing financing solutions generally in the $2 to $50 million range across the entire debt capital stack for commercial and residential real estate opportunities throughout the United States.
  • Broadmark is particularly well equipped to address complex financing requirements that require rapid response, investing across a variety of market conditions and economic cycles.

Sunnova Announces Proposed Private Offering of $425 Million of Convertible Senior Notes

Retrieved on: 
Monday, August 15, 2022 - 9:05pm

The notes will be senior, unsecured obligations of Sunnova and will accrue interest payable semiannually in arrears on February 15 and August 15 of each year, beginning on February 15, 2023.

Key Points: 
  • The notes will be senior, unsecured obligations of Sunnova and will accrue interest payable semiannually in arrears on February 15 and August 15 of each year, beginning on February 15, 2023.
  • The notes will be convertible into cash, shares of Sunnovas common stock, par value $0.0001, or a combination of cash and shares of Sunnovas common stock, at Sunnovas election.
  • The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering.
  • Sunnova intends to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions described below.

Sabra Health Care REIT, Inc. to Participate in SafelyYou’s Inaugural Silicon Valley Senior Living Summit

Retrieved on: 
Monday, August 15, 2022 - 9:05pm

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Talya Nevo-Hacohen, the companys Chief Investment Officer, will be attending SafelyYous Inaugural Silicon Valley Senior Living Summit on August 29 31, 2022 and participating on the Capital Partner panel on August 30, 2022, at the Rosewood Sand Hill hotel in Menlo Park, California.

Key Points: 
  • Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Talya Nevo-Hacohen, the companys Chief Investment Officer, will be attending SafelyYous Inaugural Silicon Valley Senior Living Summit on August 29 31, 2022 and participating on the Capital Partner panel on August 30, 2022, at the Rosewood Sand Hill hotel in Menlo Park, California.
  • Sabra Health Care REIT, Inc., a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a "REIT") that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20220815005004/en/

Targeted Real Estate Equities LLC and Holly Pond Capital LLC close on Norwalk office building acquisition

Retrieved on: 
Monday, August 15, 2022 - 8:55pm

Targeted Real Estate Equities LLC (Targeted), as a Principal and Special Advisor, and Holly Pond Capital LLC (Holly Pond), as Sponsor (together, New Ownership), have closed on the acquisition of 69 East Avenue, a 14,000+ square foot office building in downtown Norwalk, CT. New Ownership intends to upgrade the building as well as convert the general office space to medical office space.

Key Points: 
  • Targeted Real Estate Equities LLC (Targeted), as a Principal and Special Advisor, and Holly Pond Capital LLC (Holly Pond), as Sponsor (together, New Ownership), have closed on the acquisition of 69 East Avenue, a 14,000+ square foot office building in downtown Norwalk, CT. New Ownership intends to upgrade the building as well as convert the general office space to medical office space.
  • Simultaneous with the closing of the acquisition, a long-term lease was signed with The Center for Advanced Pediatrics to occupy the entire 1st floor of the building (50% of the buildings rentable space).
  • The consolidation in the marketplace of the large hospitals and various medical groups has created a heightened demand for medical office space in Fairfield County.
  • Added Brian Jarmain of Holly Pond, Very few commercial buildings in the area have the required parking spaces to accommodate medical use.

Portions of LA County Called to Eliminate Outdoor Watering for 15 Days While Important Water Delivery Pipeline Repaired

Retrieved on: 
Monday, August 15, 2022 - 6:04pm

Starting Tuesday, Sept. 6, residents and businesses in portions of greater Los Angeles County are being called on to suspend outdoor watering for 15 days as a critical imported water pipeline is shut down for emergency repairs.

Key Points: 
  • Starting Tuesday, Sept. 6, residents and businesses in portions of greater Los Angeles County are being called on to suspend outdoor watering for 15 days as a critical imported water pipeline is shut down for emergency repairs.
  • The Metropolitan Water District is joined by its member agencies and local retail water agencies in the water-saving call to stretch Southern Californias severely limited water supplies as Metropolitan repairs this pipeline.
  • The 36-mile Upper Feeder pipeline is an important part of Metropolitans regional water system, delivering Colorado River water into Southern California.
  • While we do this work, we need people who normally get water from this pipeline to eliminate their outdoor water use to stretch the limited available water supplies, Metropolitan Water System Operations Manager Brent Yamasaki said.

Western Window Systems launches new streamlined website

Retrieved on: 
Monday, August 15, 2022 - 4:52pm

Western Window Systems , part of PGT Innovations (NYSE: PGTI) family of brands, launched a new website this week.

Key Points: 
  • Western Window Systems , part of PGT Innovations (NYSE: PGTI) family of brands, launched a new website this week.
  • Additionally, it embodies the Western Window Systems brand to support a highly enhanced website visit.
  • Western Window Systems, part of PGT Innovations family of brands, designs and manufactures moving glass walls and windows that bring indoor and outdoor spaces together.
  • The PGT Innovations family of brands include CGI , PGT Custom Windows and Doors , WinDoor , Western Window Systems , Anlin Windows & Doors , Eze-Breeze , CGI Commercial , NewSouth Window Solutions , and a 75 percent ownership stake in Eco Window Systems .

World Mineral Wool Insulation Market Analysis Report 2022: A $31.4 Billion Market by 2027 - Trends, Opportunities and Competitive Landscape - ResearchAndMarkets.com

Retrieved on: 
Monday, August 15, 2022 - 1:44pm

The "Mineral Wool Insulation Market: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Mineral Wool Insulation Market: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
  • The global mineral wool insulation market is expected to reach an estimated $31.4 billion by 2027 with a CAGR of 5.4% from 2021 to 2027.
  • The future of the mineral wool insulation market looks promising with opportunities in the residential & non-residential construction, industrial, HVAC, and appliance markets.
  • Growth Opportunities: Analysis on growth opportunities in different end use industries, product types, material types, and regions for the mineral wool insulation market.