Real Estate News

New Again Houses® Welcomes New Cash Home Buyers in the Tampa Bay Area, FL

Multi-Faceted Real Estate Business Celebrates Continued Success with the Opening of Its 54th Cash Home Buying Franchise in the Tampa Bay Area, FL

TAMPA, Fla., Feb. 14, 2025 (GLOBE NEWSWIRE) -- New Again Houses®, a company that transforms old houses into fantastic modern homes, is thrilled to announce the opening of their 54th location in Tampa, FL! The brand-new franchise location—led by Oliver and Doris Cahueque—will now be able to buy and sell homes in the Tampa Bay Area, throughout Pinellas and Hillsborough Counties in Florida.

Elme Communities Announces Fourth Quarter and Full Year 2024 Results

Board of Trustees Initiates Review of Strategic Alternatives to Maximize Shareholder Value

BETHESDA, Md., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter and year ended December 31, 2024:

Fourth Quarter Financial and Operational Highlights

Net loss was $3.0 million, or $0.03 per diluted shareCore FFO was $20.7 million, or $0.24 per diluted shareSame-store multifamily NOI increased by 1.7% compared to the prior year quarterAverage Effective Monthly Rent Per Home increased 1.9% compared to the prior year quarter for our Same-Store PortfolioEffective blended Lease Rate Growth was 1.3% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (3.6)% and effective renewal Lease Rate Growth of 5.1%Same-store Retention was 68%, up 3% compared to the prior year quarterSame-store multifamily Average Occupancy was 95.0% during the quarter, up 0.1% compared to the prior year quarterSame-store multifamily Ending Occupancy was 95.4%, up 0.1% compared to the prior year quarter and up 0.6% compared to the prior quarter.

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