Real Estate News

Industry Veterans Apply Altruistic Mission to New LIHTC Effort

NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- Greystone Real Estate Capital, a newly-launched, privately-controlled Low Income Housing Tax Credit (LIHTC) syndication platform led by Greg Voyentzie, has come to market to partner with investors and developers on the creation and preservation of critical affordable housing nationwide through several new proprietary and multi-investor LIHTC fund offerings.

Brings YTD leasing to Approximately 1.1 million SF

Atlanta, June 03, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont” or “the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company will be participating at this week’s NAREIT Investor Conference in New York City.

Southfield, MI, June 03, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”) a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”) communities and marinas (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $0.94 per share of common stock for the second quarter of 2024.

FREEHOLD, NJ, June 03, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), today announced that the Company will attend the Department of Housing and Urban Development's annual Innovative Housing showcase for the 4th year in a row.

Celebration, FL, June 04, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today provided an update on its subsidiary, La Rosa Property Management LLC (“LRPM”), which reports that its properties under management increased by 12% year-to-date.

WASHINGTON, June 04, 2024 (GLOBE NEWSWIRE) -- Alchemy of Money, the nation's only financial services firm exclusively for real estate entrepreneurs, is proud to announce the launch of Alchemy AI, the first CPA-approved AI chatbot specifically designed to assist real estate professionals in decoding and strategizing their taxes and financials.

$227 million of proceeds from contributions to KKR JV

Repurchased shares totaling over $175 million

NASHVILLE, Tenn., June 03, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) announced in early May that it had entered into a strategic joint venture with KKR (“KKR JV”) to own and invest in quality medical outpatient buildings.

Greenwich, CT, June 03, 2024 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ”), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value (“NAV”) as of March 30, 2024 of $361.66 million or $99.59 per Class A unit.

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) announced today that it has published its 2024 Corporate Responsibility Report highlighting the Company’s environmental, social and governance ("ESG") policies and practices.

Acquisition increases presence in growing Asheville-Brevard market

MOORESVILLE, N.C., June 03, 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 the acquisition of a manufactured housing community in Brevard, North Carolina.