Real Estate News – Page 173

Healthcare Realty Trust Announces Strategic Joint Venture With KKR

Contributes seed portfolio valued at $383 million to the JV, resulting in proceeds of approximately $300 million

Additional KKR capital commitment of up to $600 millionto increase the potential value of the JV to more than $1 billion

NASHVILLE, Tenn.

Whitestone REIT Exposes New Information Revealing that Erez Nominee Bruce Schanzer Colluded with Terminated Whitestone Chairman and CEO James Mastandrea in a Failed Attempt to Acquire Whitestone

Reflects Schanzer’s pattern of lies, deception and self-dealing

Schanzer has been disingenuous and is leading a duplicitous proxy battle

HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) has received new information revealing that Erez Asset Management (“Erez”) nominee Bruce Schanzer colluded in late 2023 with terminated Whitestone Chairman and CEO James Mastandrea in an attempt to acquire Whitestone.

Vornado Announces First Quarter 2024 Financial Results

NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today:

Quarter Ended March 31, 2024 Financial Results

NET LOSS attributable to common shareholders for the quarter ended March 31, 2024 was $9,034,000, or $0.05 per diluted share, compared to net income attributable to common shareholders of $5,168,000, or $0.03 per diluted share, for the prior year's quarter.

Matterport Announces First Quarter 2024 Financial Results

Annualized Recurring Revenue hits record $96 million, up 21% year-over-yearNet loss improved 33% year-over-year; Non-GAAP net loss improved 80% year-over-yearCash used in operating activities improved 81% year-over-yearNet Dollar Expansion rate of 107% Total subscribers reach 1.0 million, up 30% year-over-yearSquare feet under management reached 40.7 billion, up 35% from prior year

SUNNYVALE, Calif.

Alexander’s, Inc. Extends Bloomberg LP’s Global Headquarters Lease at 731 Lexington Avenue Tower Through 2040

Leading Business and Financial Information Company Will Maintain Nearly One Million Square Feet of Office Space at Iconic Midtown Tower Through 2040

NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Alexander’s, Inc.

Uniti Group Inc. Declares $0.15 Per Share Quarterly Dividend

LITTLE ROCK, Ark., May 02, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Board of Directors declared a quarterly cash dividend of $0.15 per share, payable on June 28, 2024 to stockholders of record on June 14, 2024.

LGI Homes Opens New Community North of Seattle in Marysville

The Townhomes at The Village at Whiskey Ridge

The Village at Whiskey Ridge by LGI Homes offers new, move-in-ready townhomes located near I-5 in Marysville.

Uniti Group Inc. Reports First Quarter 2024 Results

Announced Merger with Windstream Creates Premier Insurgent Fiber Provider

Updates 2024 Outlook

Net Income of $41.3 Million for the First QuarterNet Income of $0.16 Per Diluted Common Share for the First QuarterAFFO Per Diluted Common Share of $0.32 for the First Quarter

LITTLE ROCK, Ark.

Uniti to Merge with Windstream Creating Premier Insurgent Fiber Provider

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.

Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Notes Offering

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.