Tenant

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Monday, February 26, 2024
REIT, Cannabis, Natural Resources, Commercial Building & Real Estate, Construction & Property, Acquisition, Collection, FFO, Loan agreement, LP, Total, Note, IIP, Investment, ATM, Renting, Debt-to-GDP ratio, Tenant, Loan, Letter, Line of credit, GAAP, Judgement, Pleasanton Unified School District, Webcast, Tax, Normalization, Vertical, Credit, Partnership, Property management

Issued shares of common stock under IIP’s “at-the-market” offering program (ATM Program) for net proceeds of approximately $9.6 million.

Key Points: 
  • Issued shares of common stock under IIP’s “at-the-market” offering program (ATM Program) for net proceeds of approximately $9.6 million.
  • Executed a new lease with a tenant at one of IIP’s retail properties in Michigan that was previously leased to Green Peak.
  • Industrial (cultivation and/or processing), retail (dispensing) and combined industrial/retail represent 92%, 2% and 6% of the operating portfolio, respectively.
  • Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Tuesday, February 27, 2024 to discuss IIP’s financial results and operations for the fourth quarter and year ended December 31, 2023.

VTS Announces Accelerate 2024, the Leading Innovation Conference for Commercial Real Estate Executives

Retrieved on: 
Tuesday, February 27, 2024
Technology, Other Construction & Property, Other Technology, Commercial Building & Real Estate, Software, Construction & Property, Building Systems, Dark, Data science, Real estate, Sigma, Dark Ages, Corporate title, Intelligence, CRE, Property management, CBRE, Tenant, Tishman Speyer, VTS, Greystar Real Estate Partners, Two Sigma, Organization, Ecosystem, Ideation, Tishman, RXR, Acceleration, Work, Boundary, Management

The premier conference will bring together more than 400 innovative executives and influential thought leaders to discuss the technologies, trends, and ideas that define modern real estate, as well as methods and tactics to best leverage intelligence to achieve success in today’s market.

Key Points: 
  • The premier conference will bring together more than 400 innovative executives and influential thought leaders to discuss the technologies, trends, and ideas that define modern real estate, as well as methods and tactics to best leverage intelligence to achieve success in today’s market.
  • Accelerate 2024 will be a one-day event, featuring content including keynote presentations from distinguished guest speakers and VTS executives, VTS user-education content, and networking events.
  • Attendees will leave Accelerate 2024 armed with actionable tactics to help their organizations best navigate current dynamics in the market and seize opportunities.
  • Accelerate also will provide the opportunity to interface with product pop-ups, live demos, and a technical genius bar.

Peakstone Realty Trust Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Office, AIG, WALT, Sale, Tenant, Insurance, GAAP, Webcast, Trustee, Hand, American International Group, Software, Self storage

Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter and full year ended December 31, 2023.

Key Points: 
  • Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter and full year ended December 31, 2023.
  • In the fourth quarter, total revenue was approximately $63.1 million compared to $75.9 million for the same quarter last year.
  • In the fourth quarter, Same Store Cash NOI was approximately $48.2 million compared to $46.2 million for the same quarter last year, an increase of 4.5%.
  • PKST will host a webcast to present the fourth quarter results on Thursday, February 22, 2024 at 5:00 p.m. Eastern Time.

Versa Networks Releases Industry’s First SASE Solution Designed for Mobile Operators – Versa SASE on SIM

Retrieved on: 
Thursday, February 22, 2024
Data Management, Technology, Security, Telecommunications, Software, Artificial Intelligence, Networks, Internet, VoIP, Mobile, Wireless, Hardware, Mobile network operator, SIM, Internet of things, ID, Tenant, Zero trust security model, Network, IMSI, Push technology, Mobile virtual network operator, IP, Workforce, Monolithic kernel, Mobile phone

Versa Networks, the global leader in AI/ML-powered Unified Secure Access Service Edge (SASE), today announced its release of Versa SASE on SIM™ for Mobile Operators.

Key Points: 
  • Versa Networks, the global leader in AI/ML-powered Unified Secure Access Service Edge (SASE), today announced its release of Versa SASE on SIM™ for Mobile Operators.
  • The patented solution leverages SIM-based identity for authentication and access control – enabling Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MVNOs) to seamlessly deploy SASE services and enforce advanced security policies at the mobile network edge.
  • Versa SASE on SIM for Mobile Operators blends the capabilities of SASE with SIM-based identity for authentication and access control in their mobile networks.
  • With Versa SASE gateways integrated into the mobile network data path, SASE services can now be applied to these endpoints.

Broadstone Net Lease Announces 2023 Results and its Healthcare Portfolio Simplification Strategy

Retrieved on: 
Wednesday, February 21, 2024
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, OP, Investment, Dialysis, Sale, Tenant, BNL, MOB, Risk, ABR, Line of credit, Public expenditure, Plasma, Environment, Commercial property

Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), today announced its operating results for the year and quarter ended December 31, 2023, and its healthcare portfolio simplification strategy.

Key Points: 
  • Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), today announced its operating results for the year and quarter ended December 31, 2023, and its healthcare portfolio simplification strategy.
  • See Healthcare Portfolio Simplification Strategy section below for additional information.
  • Refer to our fourth quarter 2023 investor presentation for more detailed information regarding our healthcare portfolio simplification strategy.
  • Our healthcare portfolio simplification strategy is an extension of our focus on portfolio quality and evolution, which we believe will result in meaningful value creation for investors.”

Nova Credit Partners with SafeRent Solutions, Further Expanding Income Navigator Solution in the Property Management Sector

Retrieved on: 
Wednesday, February 21, 2024
Finance, Business, Banking, Accounting, Professional Services, Tenant, Credit, FCRA, Learning, Risk, National Apartment Association, Insurance, Partnership, Property management

To address this, many are incorporating income verification into their tenant screening process to guarantee that potential renters possess a stable and adequate income for meeting rental obligations.

Key Points: 
  • To address this, many are incorporating income verification into their tenant screening process to guarantee that potential renters possess a stable and adequate income for meeting rental obligations.
  • Nova Credit’s Income Navigator solution works to accelerate the screening of potential candidates while reducing fraud by using data that is straight from the source and advanced document-scanning technology.
  • Now, as a part of SafeRent’s comprehensive resident screening reports and solutions, property managers who use SafeRent can perform fast, wide-coverage, FCRA-compliant income verifications seamlessly within the tenant screening process.
  • We are excited to have found that solution in our partner, Nova Credit,” said Blanca Esparza of SafeRent.

Medical Properties Trust, Inc. Reports Fourth Quarter and Full-Year Results

Retrieved on: 
Wednesday, February 21, 2024
Health, Hospitals, Commercial Building & Real Estate, Construction & Property, General Health, REIT, MPT, Hospital, Running, Circle Health, Investment, MPW, Steward Health Care System, International joint venture, Table, Growth, Bed, Sale, Exercise, Disclosure, Tenant, Medi-Cal, Patient, St. Francis, Priory Group, NFFO, Medical Properties Trust, Commercial property

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2023, as well as certain events occurring subsequent to quarter end.

Key Points: 
  • Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2023, as well as certain events occurring subsequent to quarter end.
  • Medical Properties Trust has total assets of approximately $18.3 billion, including $12.0 billion of general acute facilities, $2.6 billion of behavioral health facilities and $1.7 billion of post-acute facilities.
  • Net loss for the quarter ended December 31, 2023 included several non-recurring write-offs and impairments detailed in the tables below.
  • These adjustments as they relate to fourth quarter and full-year 2023, as well as prior-year reporting, are included in this release and in the earnings supplemental.

JBG Smith Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 20, 2024
Interior Design, Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Sale, Tenant, NOI, GAAP, Trustee, Airline

Same Store NOI ("SSNOI") at our share increased 7.1% quarter-over-quarter to $80.3 million for the three months ended December 31, 2023.

Key Points: 
  • Same Store NOI ("SSNOI") at our share increased 7.1% quarter-over-quarter to $80.3 million for the three months ended December 31, 2023.
  • SSNOI at our share increased 1.6% year-over-year to $299.9 million for the year ended December 31, 2023.
  • The operating multifamily portfolio was 96.0% leased and 94.7% occupied as of December 31, 2023, compared to 96.9% and 95.6% as of September 30, 2023, at our share.
  • Across our multifamily portfolio, we increased effective rents by 7.0% upon renewal for fourth quarter lease expirations while achieving a 56.0% renewal rate.

Crown Castle Co-Founder Ted B. Miller Issues Statement on Crown Castle's Rewrite of Cooperation Agreement with Elliott

Retrieved on: 
Monday, March 4, 2024
Boot, Participation, Crown Castle, ANY, Common stock, WHEN, Common, Tenant, Annual general meeting, GOLD, Security (finance), WRCB, UPON, Corporation, AS, Investment

HOUSTON, March 4, 2024 /PRNewswire/ -- Ted B. Miller, co-founder of Crown Castle Inc. (NYSE: CCI) ("Crown Castle" or the "Company") and his investment vehicle Boots Capital Management, LLC ("Boots Capital") today issued the following statement:

Key Points: 
  • Similarly, statements that describe the Participants' (as defined below) objectives, plans or goals are forward-looking.
  • There can be no assurance that any idea or assumption herein is, or will be proven, correct.
  • BOOTS CAPITAL STRONGLY ADVISES ALL SHAREHOLDERS OF CROWN CASTLE TO READ THE PRELIMINARY PROXY STATEMENT, ANY AMENDMENTS OR SUPPLEMENTS TO SUCH PROXY STATEMENT, THE DEFINITIVE PROXY STATEMENT, AS WELL AS PROXY MATERIALS FILED BY CROWN CASTLE AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
  • IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.

Crown Castle Co-Founder Ted B. Miller Files Lawsuit to Invalidate Crown Castle's Unlawful Cooperation Agreement with Elliott

Retrieved on: 
Wednesday, February 28, 2024
Boot, Participation, Crown Castle, ANY, Common stock, WHEN, Cardinal Health, Common, Tenant, Annual general meeting, GOLD, Security (finance), WRCB, UPON, Corporation, AS, Investment

HOUSTON, Feb. 28, 2024 /PRNewswire/ -- Ted B. Miller, co-founder of Crown Castle Inc. (NYSE: CCI) ("Crown Castle" or the "Company") and his investment vehicle Boots Capital Management, LLC ("Boots Capital") today filed a complaint in the Court of Chancery of the State of Delaware (the "Court") seeking to invalidate the cooperation agreement between Crown Castle's Board of Directors (the "Board") and Elliott Investment Management, L.P. (together with its affiliates, "Elliott") announced on December 20, 2023. Under the terms of the cooperation agreement, Elliott and the Company appointed two new directors, Jason Genrich, Partner at Elliott, and Sunit Patel, Chief Financial Officer of Ibotta Inc. (collectively, the "Elliott Directors"), to the Board. Elliott received substantial governance rights without the customary provision that it be required to maintain an equity ownership position in the Company.1

Key Points: 
  • Similarly, statements that describe the Participants' (as defined below) objectives, plans or goals are forward-looking.
  • There can be no assurance that any idea or assumption herein is, or will be proven, correct.
  • IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.
  • 1 For example, Pinterest, Inc. entered into a cooperation agreement with Elliott on December 6, 2022, and Cardinal Health, Inc. entered into a cooperation agreement with Elliott on September 5, 2022, which each required that Elliott maintain an equity ownership threshold of 4.3% and 2.25%, respectively.