Tenant

W. P. Carey Inc. to Release Third Quarter 2021 Financial Results on Friday, October 29, 2021

Friday, October 15, 2021 - 12:30pm

NEW YORK, Oct. 15, 2021 /PRNewswire/ --W. P. Carey Inc. (NYSE: WPC), a net lease real estate investment trust, announced today that it will release its financial results for the third quarter ended September 30, 2021 before the market opens on Friday, October 29, 2021.

Key Points: 
  • NEW YORK, Oct. 15, 2021 /PRNewswire/ --W. P. Carey Inc. (NYSE: WPC), a net lease real estate investment trust, announced today that it will release its financial results for the third quarter ended September 30, 2021 before the market opens on Friday, October 29, 2021.
  • The company will host a conference call and live audio webcast to discuss its financial results at 10:00a.m.
  • Eastern Time the same day, details of which are provided below.
  • Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.

Rosalind Franklin University Awarded $2 Million in State Wet Lab Capital Funds

Thursday, October 14, 2021 - 7:48pm

The grant is part of the state's Wet Lab Capital program, which leverages Rebuild Illinois dollars to fund advancements in research and medicine, according to DCEO officials.

Key Points: 
  • The grant is part of the state's Wet Lab Capital program, which leverages Rebuild Illinois dollars to fund advancements in research and medicine, according to DCEO officials.
  • "This funding will allow us to develop and open state-of-the art wet lab space for collaboration with industry partners," Dr. Kaplan added.
  • RFU President and CEO Wendy Rheault, PT, PhD, FASAHP, FNAP, DipACLM, said the funds paired with $2 million from RFU will help the university accelerate recruitment from among many life-science companies seeking move-in ready space.
  • The university embodies the spirit of inquiry and excellence modeled by its namesake Dr. Rosalind Franklin, whose Photo 51 was crucial to solving the structure of DNA.

JPMorgan Chase Committing $8.4 Million to Improve Household Stability for Black, Hispanic and Latino and Other Underserved Households

Thursday, October 14, 2021 - 6:26pm

JPMorgan Chase today announced six organizations to receive philanthropic capital as part of the firms $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino and other underserved households.

Key Points: 
  • JPMorgan Chase today announced six organizations to receive philanthropic capital as part of the firms $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino and other underserved households.
  • Through JPMorgan Chases commitments, six organizations will design and test innovative models to improve household stability with the goal of expanding successful models across the U.S.
  • Todays announcement will help promote immediate housing stability for underserved households and is one step toward our goal of addressing barriers to affordable housing and homeownership, especially for Black, Latino and Hispanic families.
  • Recently, the JPMorgan Chase PolicyCenter released data-driven policy recommendations to improve household stability weakened by the pandemic.

Shifting paper contracts to digital: GA technologies iBuyer business RENOSY provides key contracts on app

Thursday, October 14, 2021 - 5:00pm

TOKYO, Oct. 14, 2021 /PRNewswire/ -- RENOSY, the comprehensive one-stop real estate transaction platform runs by GA technologies Co.,Ltd.

Key Points: 
  • TOKYO, Oct. 14, 2021 /PRNewswire/ -- RENOSY, the comprehensive one-stop real estate transaction platform runs by GA technologies Co.,Ltd.
  • By turning an average of 177 pages of paper documents needed per contract into electronic files, RENOSY saved about 480,000 pieces of paper annually.
  • OWNR by RENOSY is an App for smartphones and tablets targeted at customers who have purchased properties by using RENOSY service.
  • RENOSY is a comprehensive one-stop real estate platform provided by GA technologies under the concept of "making house hunting and assets management easier."

KPG Funds Predicts Imminent Surge of Leasing Activity in NYC

Thursday, October 14, 2021 - 1:44pm

NEW YORK, Oct. 14, 2021 /PRNewswire/ -- Real estate investment firm KPG Funds (KPG) announced today their 3rd Quarter RSSI Index Results.

Key Points: 
  • NEW YORK, Oct. 14, 2021 /PRNewswire/ -- Real estate investment firm KPG Funds (KPG) announced today their 3rd Quarter RSSI Index Results.
  • KPG predicts an imminent surge of office leasing activity in NYC.
  • "Office demand figures serve as an indicator of future leasing activity", said Greg Kraut, CEO of KPG Funds
    Midtown South actual leasing activity totaled 1.7 million square feet this quarter.
  • KPG Funds ("KPG") is a fully integrated real estate private equity platform with Asset Management, Project Management, Development, Design, Leasing and Property Management.

Dottid Integrates Dottid Leasing and Asset Management with ARGUS® Cloud Platform

Thursday, October 14, 2021 - 1:38pm

DALLAS, Oct. 14, 2021 /PRNewswire/ -- Dottid , the commercial real estate (CRE) SaaS technology platform for asset management and leasing transactions, announced its full integration of their Dottid and Altus Group Limited's ARGUS Cloud platforms.

Key Points: 
  • DALLAS, Oct. 14, 2021 /PRNewswire/ -- Dottid , the commercial real estate (CRE) SaaS technology platform for asset management and leasing transactions, announced its full integration of their Dottid and Altus Group Limited's ARGUS Cloud platforms.
  • The platform integration will provide cloud-enabled ARGUS Enterprise and Dottid customers with direct, real-time, and easy-to-access data that, until now, had to be maintained manually.
  • "Dottid and ARGUS Enterprise manage various connected processes within asset management, from valuation and acquisition to leasing and management," said Jorge Blanco, Chief Product Officer of Altus Group.
  • Dottid's unique, custom platform was introduced in January of 2020 after years of input from CRE leasing and asset management professionals.

Dream Industrial REIT Announces $250 Million Equity Offering, and Provides Update on 5 Million Square Feet of Acquisitions Across Canada and Europe

Wednesday, October 13, 2021 - 9:32pm

TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Dream Industrial REIT (DIR.UN-TSX) or (the “Trust” or the “REIT” or “we”) today announced the launch of a $250 million equity offering and an update on its robust pace of capital deployment.

Key Points: 
  • A 124,000 square foot asset located in the Greater Montreal Area for a purchase price of $26 million.
  • A 118,000 square foot urban logistics asset in the Eindhoven Region, Netherlands for 14 million ($21 million).
  • In Germany, the Trust waived all conditions on two logistics assets totalling 380,000 square feet for 33 million ($48 million).
  • As at June 30, 2021, Dream Industrial REIT owns and operates a global portfolio comprising approximately 39 million square feet of gross leasable area in key markets across North America and Europe.

EPR Properties Prices $400.0 Million of 3.600% Senior Notes due 2031

Wednesday, October 13, 2021 - 9:15pm

EPR Properties (NYSE:EPR) (the Company) announced today that it has priced an underwritten public offering of $400.0 million of 3.600% Senior Notes due 2031.

Key Points: 
  • EPR Properties (NYSE:EPR) (the Company) announced today that it has priced an underwritten public offering of $400.0 million of 3.600% Senior Notes due 2031.
  • However, certain of the Companys domestic subsidiaries will be obligated to guarantee the notes under certain circumstances.
  • U.S. Bancorp Investments, Inc. and UMB Financial Services, Inc. are acting as co-managers for the offering.
  • 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.

St. John Properties Continues Accelerated Growth in Utah with Signing of Two Leases Totaling 87,000 Square Feet in Pleasant Grove

Wednesday, October 13, 2021 - 1:05pm

St. John Properties has served our growing office space needs with the highest professionalism, states Shaun Sorensen, CEO for Kenect.

Key Points: 
  • St. John Properties has served our growing office space needs with the highest professionalism, states Shaun Sorensen, CEO for Kenect.
  • By December of this year, Kenect is expected to occupy 58,000 square feet on two floors of Valley Grove II in Pleasant Grove which is immediately accessible from I-15.
  • Development of St. John Properties Valley Grove began in 2017, and the business community now contains 15 buildings totaling 675,000 square feet of Class A office space, restaurants, and retail businesses.
  • Expanding regionally in three Utah communities, St. John Properties recognizes the States economic strength, pro-business climate and growth.

Broad Street Realty, Inc Announces Closing Of Previously Announced Merger Transaction Of The Shops At Greenwood Village

Tuesday, October 12, 2021 - 9:00pm

BETHESDA, Md., Oct. 12, 2021 /PRNewswire/ -- Broad Street Realty, Inc. (OTCQX: BRST), a fully integrated and self-managed publicly owned real estate company, continued its previously announced series of mergers by completing the merger of the 198,327square foot The Shops at Greenwood Village, a retail shopping center located in Greenwood Village, Colorado, on October 6, 2021.

Key Points: 
  • BETHESDA, Md., Oct. 12, 2021 /PRNewswire/ -- Broad Street Realty, Inc. (OTCQX: BRST), a fully integrated and self-managed publicly owned real estate company, continued its previously announced series of mergers by completing the merger of the 198,327square foot The Shops at Greenwood Village, a retail shopping center located in Greenwood Village, Colorado, on October 6, 2021.
  • The Company has entered into an interest rate swap which fixes the interest rate of the loan at 4.082%.
  • Baird is serving as exclusive financial advisor to Broad Street, and Morrison & Foerster and Shulman Rogers are serving as legal advisors to Broad Street.
  • Broad Street is also a market-leading commercial real estate services firm that delivers cost-effective solutions for office, industrial and retail clients.