Real Estate News

Dan Swanstrom Named as Chief Financial Officer of The Macerich Company

SANTA MONICA, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) today announced that Daniel E.

Board Authorizes 3.8% Dividend Increase

WEST PALM BEACH, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, today announced results for the quarter ended September30, 2024.

THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 525 homes in October 2024.

As of October 31, 2024, the Company had 138 active selling communities.

Reports 40% Sequential Revenue Growth and 58% Run Rate Annual Recurring Revenue (ARR) Growth

BOCA RATON, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Janover Inc.

Acquisition of six communities in and around Greater Charlotte Region marks largest acquisition to date, growing portfolio by more than 30%

Mooresville, NC, Nov. 06, 2024 (GLOBE NEWSWIRE) -- FG Communities, whose mission is to preserve and improve affordable housing by acquiring and operating manufactured housing communities, is excited to announce its largest acquisition to date – a portfolio of six manufactured housing communities with approximately 280 homesites on 70 acres.

JACKSONVILLE, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) –

FRP Holdings is a real estate asset developer and manager across three differing asset classes including Multifamily, Industrial and Commercial, and Mining and Royalty.

Implementing Comprehensive Restructuring and Cost Cutting Plan Expected to Save $15 - $20 million annually; John McLaren to Return to Company as President; CEO Gary Shiffman to Retire in 2025

Southfield, MI, Nov.

Net Income per Diluted Share of $2.31 for the Quarter

Core FFO per Share of $2.34 for the Quarter

North America Same Property NOI increased by 0.5% for the Quarter and 3.6% for the First Nine Months of 2024 versus corresponding 2023 Periods

North America Same Property Adjusted Blended Occupancy for MH and RV of 98.8% represents a 160 basis point year-over-year increase

Revising Full-Year Core FFO per Share Guidance for 2024 to $6.76 - $6.84

Revising Full-Year North America Same Property NOI Growth Guidance for 2024 to 2.6% - 3.3% and Revising Full-Year UK Same Property NOI Growth Guidance Range to 7.1% - 8.7%

Establishing Preliminary Guidance for 2025 Rental Rate Increases of 5.2% for MH, 5.1% for Annual RV, and 3.7% for Marina in North America, and 3.7% for UK

Southfield, MI, Nov.

Achieves Double Digit Constant Currency Same Store NOI Growth

Record Services Margins for a Third Consecutive Quarter

Announces $148 Million Automation Development in Dallas-Fort Worth

ATLANTA, GA.

CHICAGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, today announced its results for the third quarter ended September 30, 2024.