Residential Building & Real Estate

Apartment Investment and Management Company Announces 2020 Dividend Income Tax Allocation

Saturday, January 16, 2021 - 2:12am

Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today the 2020 dividend allocation for federal income tax purposes for its Class A Common Stock.

Key Points: 
  • Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today the 2020 dividend allocation for federal income tax purposes for its Class A Common Stock.
  • Aimcos tax return for the year ended December 31, 2020 has not yet been filed.
  • As a result, the income tax character for the distributions shown below has been calculated using the best available information as of the date of this release.
  • Aimco encourages shareholders to consult with their own tax advisors with respect to federal, state and local income tax effects of these distributions.

Connecticut Water Files Application With Connecticut Public Utilities Regulatory Authority (PURA) to Amend Rates

Friday, January 15, 2021 - 9:37pm

The Connecticut Water Company (Connecticut Water), a wholly owned subsidiary of SJW Group (NYSE: SJW), announced the filing today of an application to amend customer rates with the Connecticut Public Utilities Regulatory Authority (PURA).

Key Points: 
  • The Connecticut Water Company (Connecticut Water), a wholly owned subsidiary of SJW Group (NYSE: SJW), announced the filing today of an application to amend customer rates with the Connecticut Public Utilities Regulatory Authority (PURA).
  • PURA has 200 days to review the application, and the approved rates will go into effect soon after.
  • Since rates were set in 2010 during the companys last general rate case, Connecticut Water has returned $14.7 million to customers through temporary rate reductions.
  • Connecticut Water provides water service to nearly 350,000 people in 60 Connecticut communities and wastewater service to 10,000 people in Southbury, Connecticut.

Radian to Webcast Fourth Quarter Conference Call

Friday, January 15, 2021 - 9:30pm

Radian Group Inc. (NYSE: RDN) today announced that it will hold a conference call on Thursday, February 25, 2021, at 10:00 a.m. Eastern time to discuss the companys fourth quarter and year-end 2020 results, which will be announced after the market closes on Wednesday, February 24, 2021.

Key Points: 
  • Radian Group Inc. (NYSE: RDN) today announced that it will hold a conference call on Thursday, February 25, 2021, at 10:00 a.m. Eastern time to discuss the companys fourth quarter and year-end 2020 results, which will be announced after the market closes on Wednesday, February 24, 2021.
  • The conference call will be broadcast live over the Internet at https://radian.com/who-we-are/for-investors/webcasts or at www.radian.com .
  • The call may also be accessed by dialing 888.771.4371 inside the U.S., or 847.585.4405 for international callers, using passcode 50081023.
  • Visit www.radian.com to learn more about how Radian is shaping the future of mortgage and real estate services.

Essex Reports Characteristics of 2020 Dividends

Friday, January 15, 2021 - 9:15pm

55 of the Internal Revenue Code of 1986, the Company apportions $0.13 per common share attributable to depreciation assuming a full year of ownership.

Key Points: 
  • 55 of the Internal Revenue Code of 1986, the Company apportions $0.13 per common share attributable to depreciation assuming a full year of ownership.
  • The Company did not incur any foreign taxes during 2020.
  • Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Essex Property Trust, Inc. dividends.
  • Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

Georgia Multiple Listing Service Announces Record Production Numbers by Members In 2020

Friday, January 15, 2021 - 7:55pm

In 2020, members produced $39.9 billion in sales volume, for an increase of 18.5%, or $6.18 billion over 2019s previous record numbers.

Key Points: 
  • In 2020, members produced $39.9 billion in sales volume, for an increase of 18.5%, or $6.18 billion over 2019s previous record numbers.
  • Members also recorded 134,770 closed transactions, for an increase of 8.6% over the previous years transactions of 124,104.
  • Georgia MLS, Georgias largest real estate marketplace, has provided real estate tools, services and education to real estate professionals for 58 years.
  • With member offices ranging from the North Georgia Mountains, Metropolitan Atlanta, through central Georgia, and along the Georgia coast, members have consistently sold more homes through Georgia MLS than any other multiple listing service in the state.

Lithko Contracting, LLC Announces Asset Acquisition of Capitol Concrete Contractors, Inc.

Friday, January 15, 2021 - 3:57pm

Lithko Contracting, LLC (Lithko), a leading national concrete contractor, along with their equity partners The Pritzker Organization and DNS Capital, announced today that on December 31, 2020 they acquired assets of Capitol Concrete Contractors, Inc. (Capitol).

Key Points: 
  • Lithko Contracting, LLC (Lithko), a leading national concrete contractor, along with their equity partners The Pritzker Organization and DNS Capital, announced today that on December 31, 2020 they acquired assets of Capitol Concrete Contractors, Inc. (Capitol).
  • Capitol has been providing superior concrete contracting services since 2003, specializing in total package concrete construction, including foundations, tilt-walls, slabs, and site work.
  • Jordan Moore, Capitol Vice President, said, The team at Capitol is excited to partner with Lithko.
  • Rob Strobel, Lithko President, said, Capitol has an exceptional team and a proven track record of delivering value to its customers.

LegalShield Economic Stress Index™ Shows that the Homebuilding Industry Continues To Lead the Economic Recovery

Friday, January 15, 2021 - 3:00pm

Concurrently, the Housing Sales Index reached an all-time high in December, indicating that demand for homes should sustain existing home sales into 2021.

Key Points: 
  • Concurrently, the Housing Sales Index reached an all-time high in December, indicating that demand for homes should sustain existing home sales into 2021.
  • Highlights from the December 2020 LegalShield Economic Stress Index are as follows:
    The Consumer Stress Index fell (improved) 2.7 points in December to 65.9.
  • Meanwhile, the Conference Boards Consumer Confidence Index decreased 4.3 points to 88.6 in December, the second consecutive month of decline.
  • The Bankruptcy Index dropped (improved) 1.8 points to 29.9 in December, after rising in each of the prior two months.

Skyline Champion Corporation Announces Third Quarter Fiscal Year 2021 Earnings Release Date and Conference Call

Friday, January 15, 2021 - 2:15pm

Skyline Champion Corporation (NYSE:SKY) ("Skyline Champion"), will release its earnings results for the third quarter fiscal year 2021 after the market closes on Monday, February 1, 2021.

Key Points: 
  • Skyline Champion Corporation (NYSE:SKY) ("Skyline Champion"), will release its earnings results for the third quarter fiscal year 2021 after the market closes on Monday, February 1, 2021.
  • Skyline Champion will hold a conference call to discuss the results the following morning, Tuesday, February 2, 2021 at 8:00 A.M. Eastern Time.
  • Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of Skyline Champions website at http://skylinechampion.com .
  • Skyline Champion Corporation (NYSE: SKY) was formed in June of 2018 as the result of the combination of Skyline Corporation and the operating assets of Champion Enterprises Holdings, LLC.

Dynex Capital, Inc. Announces Redemption of All Outstanding Shares of 7.625% Series B Cumulative Redeemable Preferred Stock

Friday, January 15, 2021 - 1:30pm

Dynex Capital, Inc. (NYSE: DX) (the Company) announced today that it intends to redeem all, approximately 2.8 million shares, of its outstanding Series B Cumulative Redeemable Preferred Stock (NYSE: DXPRB) (the Series B Preferred Stock) on February 15, 2021.

Key Points: 
  • Dynex Capital, Inc. (NYSE: DX) (the Company) announced today that it intends to redeem all, approximately 2.8 million shares, of its outstanding Series B Cumulative Redeemable Preferred Stock (NYSE: DXPRB) (the Series B Preferred Stock) on February 15, 2021.
  • The Series B Preferred Stock will be redeemed for $25 per share, plus $0.1535590 per share in accumulated and unpaid dividends, for an aggregate redemption price of $25.1535590 per share.
  • On the Redemption Date, dividends on the Series B Preferred Stock will cease to accumulate, and all rights relating to the Series B Preferred Stock will terminate, except the right to receive the Redemption Amount.
  • Payment of the Redemption Amount will be made only upon delivery and surrender of the Series B Preferred Stock to Computershare Inc., the Companys redemption and paying agent, during its normal business hours at the address specified in the Notice of Redemption.

KB Home Announces the Grand Opening of Fieldstone, Its Latest New-Home Community in Hughson, California

Friday, January 15, 2021 - 1:00pm

KB Home (NYSE: KBH) today announced the grand opening of Fieldstone, the homebuilders newest community of ranch-style homes situated in the charming city of Hughson, California.

Key Points: 
  • KB Home (NYSE: KBH) today announced the grand opening of Fieldstone, the homebuilders newest community of ranch-style homes situated in the charming city of Hughson, California.
  • View the full release here: https://www.businesswire.com/news/home/20210115005061/en/
    KB Home announces the grand opening of Fieldstone, its latest new-home community in Hughson, California.
  • The community will also feature the KB Home Office, a dedicated room that homebuyers can personalize for the way they work.
  • As with other KB Home communities, Fieldstone provides home shoppers the opportunity to purchase a personalized, new KB home at a price that fits their budget.