Real Estate News

Whitestone REIT Continues Board Refreshment with Appointment of Two Independent Trustees

Veteran Real Estate C-Suite Executives Kristian M. Gathright and Donald A. Miller Bring Deep Industry Expertise and Financial and Operational Acumen

HOUSTON, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced the appointments of Kristian (“Krissy”) M.

Kimco Realty® Announces Commencement of Cash Tender Offer to Purchase All of Its Outstanding Depositary Shares Representing 1/1,000 of a Share of 7.25% Class N Cumulative Convertible Perpetual Preferred Stock and Consent Solicitation

JERICHO, N.Y., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Kimco Realty Corporation (NYSE: KIM) (the “Company”) today announced the commencement of a tender offer to purchase for cash any and all of its outstanding depositary shares (each, a “Security” and, collectively, the “Securities”) representing 1/1,000 of a share of 7.25% Class N Cumulative Convertible Perpetual Preferred Stock, par value $1.00 per share (the “Class N Preferred Stock”), at a price per Security of $62.00, plus any accrued and unpaid dividends (the “Offer”).

FRP Holdings, Inc. Announces Release Date for Its 2024 Third Quarter Earnings and Details for the Earnings Conference Call

JACKSONVILLE, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its third quarter earnings results on Wednesday, November 6, 2024.

GRESB Real Estate Assessment Ranks Macerich #1, U.S. Retail, for 10th Consecutive Year

Leading Retail REIT Again Recognized by Respected Sustainability Assessment for Industry-Leading Commitment to Performance and ESG Practices

SANTA MONICA, Calif., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of major retail properties in top markets, has earned the #1 ranking among all U.S.

Landsea Homes Reports Third Quarter 2024 Results

Net income increased 29% to $11.1 million or $0.30 per share, a 36% increaseAdjusted net income increased 36% to $15.9 million or $0.44 per share, a 47% increaseHome sales revenue increased 26.2% to $325.6 millionNew home deliveries increased 40% to 629 homesNet new home orders of 626 increased 28.8%Home sales gross margin of 17.1%, adjusted home sales gross margin of 22.8%Book value per share of $18.27

DALLAS, Nov.

Ward Village® Welcomes Residents to Victoria Place® as Newest Residential Tower Opens in Acclaimed Howard Hughes Community in Honolulu

Seventh residential tower set unprecedented sales record for premier O‘ahu community

Victoria Place®, seventh residential tower in Ward Village®

Sunrise Realty Trust Commits $30.0 Million in a Senior Loan for Sixth & Rio Condominium Development in Fort Lauderdale

WEST PALM BEACH, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $30.0 million, of which the Company funded $3.6 million, to a $96.0 million senior loan for the development of the Sixth & Rio condominium project (the “Project”) in Fort Lauderdale, Florida.

Southern Realty Trust Commits $60.0 Million in a Senior Loan for Sixth & Rio Condominium Development in Fort Lauderdale

WEST PALM BEACH, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it has committed $60.0 million of a $96.0 million senior loan for the development of the Sixth & Rio condominium project (the “Project”) in Fort Lauderdale, Florida, with an affiliate holding a participation interest with respect to $30.0 million of SRT’s $60.0 million commitment.

Uniti Group Inc. Reports Third Quarter 2024 Results

Third Quarter Consolidated Bookings Monthly Recurring Revenue of $0.9 Million Increased Over 20% From Prior Year

Updates 2024 Outlook

Net Income of $12.2 Million for the Third QuarterNet Income of $0.05 Per Diluted Common Share for the Third QuarterAFFO of $0.33 Per Diluted Common Share for the Third Quarter

LITTLE ROCK, Ark.

Greystone Provides $33.3 Million in HUD-Insured Financing for Major Hospital System in Alabama

NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $33,250,000 HUD-insured LEAN 223(f) loan to refinance the Health Care Authority of the City of Anniston (RMC Health System), the leading healthcare provider for a five-county service area in Northeast Alabama.