Real Estate News

Scaled Platform and Differentiated Focus on Tier II and III Markets

De-levered Balance Sheet and Cash Flow Generation to Support Growth

Additional Value Creation Opportunities Include up to $125 Million of Targeted Annual Opex and Capex Synergies and Enhanced Strategic Optionality

LITTLE ROCK, Ark.

TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc.

THE WOODLANDS, Texas, May 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 505 homes in April 2024.

As of April 30, 2024, the Company had 127 active selling communities.

WINTER PARK, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter ended March 31, 2024.

SAN FRANCISCO, May 02, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that Eric Feder, President of LENX and a senior executive at Lennar Corporation, has been appointed to its Board of Directors, effective as of May 1, 2024.

SAN FRANCISCO, May 02, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its first quarter ended March31, 2024.

WEST PALM BEACH, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today byLXP Industrial Trust(NYSE:LXP), please note that the percentage underneath the "Subsequent Events" header was changed from "8%" to "26.9%".The corrected release follows:

LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on single-tenant warehouse/distribution real estate investments, today announced results for the quarter ended March31, 2024.

FREEHOLD, NJ, May 02, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended March 31, 2024 of $57.7 million as compared to $52.6 million for the quarter ended March 31, 2023, representing an increase of 10%.

Glass Lewis Further Recommends That Shareholders Do Not Vote For Any EREZ Nominees

HOUSTON, May 02, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that leading independent proxy advisory firm Glass Lewis has recommended that shareholders vote FOR ALL of Whitestone's board nominees on the WHITE proxy card at its 2024 Annual Meeting of Shareholders ("Annual Meeting") scheduled to be held on May 14, 2024.

JACKSONVILLE, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, “Regency” or the “Company”) (Nasdaq: REG) today reported financial and operating results for the period ended March31, 2024 and provided updated 2024 earnings guidance.