Inland Residential Properties Trust

Service Properties Trust Announces Quarterly Dividend on Common Shares

Retrieved on:

Thursday, January 12, 2023

REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Inland Residential Properties Trust, SVC, Cryptocurrency

Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year).

Key Points:

Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year).
This distribution will be paid to SVC’s common shareholders of record as of the close of business on January 23, 2023 and distributed on or about February 16, 2023.

Essex Announces Release and Conference Call Dates for Its Fourth Quarter 2022 Earnings

Retrieved on:

Friday, January 6, 2023

Residential Building & Real Estate, Construction & Property, REIT, ESS, NYSE, Internet, Inland Residential Properties Trust, Essex Property Trust, Webcast, Video game

Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its fourth quarter 2022 earnings after the market closes on Tuesday, February 7, 2023.

Key Points:

Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its fourth quarter 2022 earnings after the market closes on Tuesday, February 7, 2023.
A conference call with senior management is scheduled for Wednesday, February 8, 2023 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.
The fourth quarter conference call is open to everyone and can be accessed by:
Internet: Go to www.essex.com ; click on Investors and the fourth quarter earnings webcast.
To access the replay online, go to www.essex.com and select Investors and the fourth quarter earnings webcast.

Renew Financial's Residential PACE Program in California Surpasses $945 Million in Energy Efficiency and Renewable Energy Investments

Retrieved on:

Friday, November 11, 2022

OAKLAND, Calif., Nov. 11, 2022 /PRNewswire/ -- Renew Financial, the nation's most experienced and one of the leading providers of residential Property Assessed Clean Energy (R-PACE) financing, announced today that its California program, CaliforniaFirst, has funded renewable energy, energy efficiency, water conservation, and seismic resiliency projects totaling over $945 million to date.

Key Points:

OAKLAND, Calif., Nov. 11, 2022 /PRNewswire/ -- Renew Financial , the nation's most experienced and one of the leading providers of residential Property Assessed Clean Energy (R-PACE) financing, announced today that its California program, CaliforniaFirst, has funded renewable energy, energy efficiency, water conservation, and seismic resiliency projects totaling over $945 million to date.
Since its founding in 2008, Renew Financial has never fallen short of fulfilling its mission with transparency and accountability every step of the way.
"Renew Financial is fully committed to ensuring that every contractor and homeowner who works with our organization thoroughly understands the financing program and what their obligations are," Mark Floyd, CEO of Renew Financial, said.
Renew Financial administers the Residential Property Assessed Clean Energy (R-PACE) program in California and Florida to strengthen communities by making homes and businesses safer, more energy efficient, and more valuable.

The Texas Rangers, The Cordish Companies and City of Arlington Celebrate Groundbreaking of Luxury Residential Community in the Arlington Entertainment District

Retrieved on:

Thursday, October 27, 2022

ARLINGTON, Texas, Oct. 27, 2022 /PRNewswire/ -- The Texas Rangers and The Cordish Companies gathered yesterday to celebrate the groundbreaking of One Rangers Way, a luxury residential community in the heart of the Arlington Entertainment District. The Rangers and Cordish were joined by Arlington Mayor Jim Ross, Arlington City Council, and community and business leaders from the City of Arlington and Tarrant County to recognize this exciting milestone. One Rangers Way continues the incredible momentum of new development in the Entertainment District that began with the opening of Texas Live! in 2018. The project continues the next phase of over $1 billion of new development currently under construction in the Entertainment District that includes the forthcoming Loews Arlington Hotel & Convention Center, National Medal of Honor Museum and Spark Coworking.

Key Points:

"Today marks an important milestone in the continued development and expansion of the Arlington Entertainment District," said Texas Rangers Managing Partner and Majority Owner Ray Davis.
The Texas Rangers are proud to partner with the City of Arlington and The Cordish Companies on this incredible project."
"It is a great honor for The Cordish Companies to continue its partnership with the Texas Rangers and City of Arlington," stated Blake Cordish, Principal of The Cordish Companies.
"The Cordish Companies," "The Cordish Company" and "Cordish" are trademarks used under license by independent corporations, legal liability companies and partnerships ("Cordish Entities").

Renew Financial's Residential PACE Program in Florida Surpasses $430 Million in Resiliency and Energy Efficiency Investments

Retrieved on:

Tuesday, October 25, 2022

Sunshine State, Policy, Residential area, Carbon, Inland Residential Properties Trust, Multimedia, Investment, Goal, Greenhouse gas, Industry, Lists of disasters, Water, FAO Major Fishing Areas, Town, PACE, View, Renewable energy

MIAMI, Oct. 25, 2022 /PRNewswire/ -- Renew Financial, the nation's most experienced provider of residential Property Assessed Clean Energy (R-PACE) financing, announced today that its R-PACE financing program has funded storm hardening, home resiliency, and energy efficiency projects in Florida totaling over $430 million to date. More than half of these investments were dedicated toward storm hardening projects, including storm shutters, impact windows and doors, and wind-resistant roofing.

Key Points:

MIAMI, Oct. 25, 2022 /PRNewswire/ -- Renew Financial , the nation's most experienced provider of residential Property Assessed Clean Energy (R-PACE) financing, announced today that its R-PACE financing program has funded storm hardening, home resiliency, and energy efficiency projects in Florida totaling over $430 million to date.
The R-PACE model was designed to enable homeowners to access low-cost, upfront financing for critical storm hardening, energy efficiency, and renewable energy improvements.
Renew Financial administers the Residential Property Assessed Clean Energy (R-PACE) program in California and Florida to strengthen communities by making homes and businesses safer, more energy-efficient, and more valuable.
Renew Financial is a trademark of Renew Financial Holdings, Inc.
View original content to download multimedia: https://www.prnewswire.com/news-releases/renew-financials-residential-pa...

Columbia Property Trust Earns 2022 GRESB 5 Star Rating

Retrieved on:

Tuesday, October 18, 2022

Columbia Property Trust, Inc. today announced that it has earned a 5 Star rating for its performance in the 2022 Global Real Estate Sustainability Benchmark (GRESB), which is the highest rating offered by GRESB for distinguished Environmental, Social and Governance (ESG) leadership and performance.

Key Points:

Columbia Property Trust, Inc. today announced that it has earned a 5 Star rating for its performance in the 2022 Global Real Estate Sustainability Benchmark (GRESB), which is the highest rating offered by GRESB for distinguished Environmental, Social and Governance (ESG) leadership and performance.
View the full release here: https://www.businesswire.com/news/home/20221018005229/en/
Columbia Property Trust has achieved a 5 Star rating for its performance in the 2022 Global Real Estate Sustainability Benchmark (GRESB), which is the highest rating offered by GRESB for distinguished Environmental, Social and Governance (ESG) leadership and performance.
The GRESB 5 Star rating recognizes Columbia for achieving a score among the highest 20% of all 1,820 participants scores in the 2022 Real Estate Assessment worldwide.
For 2022, Columbia also earned a GRESB Green Star Ranking for the third consecutive year.

Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share

Retrieved on:

Thursday, October 13, 2022

Service Properties Trust (Nasdaq: SVC) today announced its Board of Directors has declared a quarterly cash dividend at $0.20 per common share ($0.80 per share per year), representing a 37% payout ratio based on Q2 2022 normalized funds from operations, or Normalized FFO.

Key Points:

Service Properties Trust (Nasdaq: SVC) today announced its Board of Directors has declared a quarterly cash dividend at $0.20 per common share ($0.80 per share per year), representing a 37% payout ratio based on Q2 2022 normalized funds from operations, or Normalized FFO.
We also believe a dividend at this level balances our desire to return excess cashflows to shareholders with the companys near-term liquidity needs.
After payment of this dividend, SVC expects to have over $750 million of available liquidity, which is far in excess of near-term obligations.
Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties.

Service Properties Trust Third Quarter 2022 Conference Call Scheduled for Friday, November 4th

Retrieved on:

Thursday, October 6, 2022

Professional Services, Commercial Building & Real Estate, Lodging, Finance, Construction & Property, Travel, REIT, Newton, Trust, Inland Residential Properties Trust, SVC, Webcast, REIT, Nasdaq, Security (finance)

Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its third quarter 2022 results after the Nasdaq closes on Thursday, November 3, 2022.

Key Points:

Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its third quarter 2022 results after the Nasdaq closes on Thursday, November 3, 2022.
A replay of the conference call will be available through Friday, November 11, 2022.
Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties.
As of June 30, 2022, SVC also owned 775 retail service-focused net lease properties totaling over 13 million square feet throughout United States.

Service Properties Trust Announces Amendment to Credit Agreement

Retrieved on:

Tuesday, October 4, 2022

Service Properties Trust (Nasdaq: SVC) today announced it has amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.

Key Points:

Service Properties Trust (Nasdaq: SVC) today announced it has amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.
Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties.
These statements may imply that SVCs operating results and financial position will improve as a result of the amendments to SVCs credit agreement.
As a result, SVC may not realize the benefits it expects from the amendments to its credit agreement.

Service Properties Trust Provides Update on Hotel Sales

Retrieved on:

Wednesday, September 28, 2022

SVC has entered into agreements to sell six additional hotels totaling 790 keys for an aggregate sales price of $34.2 million, excluding closing costs.

Key Points:

SVC has entered into agreements to sell six additional hotels totaling 790 keys for an aggregate sales price of $34.2 million, excluding closing costs.
SVC expects to close these six sales during the third and fourth quarters of 2022.
Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties.
The sales of SVCs properties are subject to conditions; accordingly, SVC cannot provide any assurance that it will sell any of these properties and the sales may be delayed, may not occur or their terms may change.