Real Estate News

Whitestone’s Turnaround Strategy Has Been Successful Under New Board / Leadership Team

Our Reset Strategy Has Momentum and the Market Is Recognizing Our Accomplishments

Do Not Let Erez Interrupt Our Momentum, Derail Our Strategy and Destroy Value

Glass Lewis and Egan Jones, Two Leading Proxy Advisory Firms, Both Recommended that Shareholders Vote "FOR ALL" of Whitestone's Board Nominees on the WHITE Proxy Card

HOUSTON, May 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it has issued a letter to shareholders related to the upcoming 2024 Annual Meeting of Shareholders scheduled to be held on May 14, 2024.

First Quarter 2024 Revenue Totaled $12.6 Million, an increase of 10.4% Year-Over-Year

First Quarter 2024 Net Income Attributable to Common Stockholders Totaled $6.9 Million, Funds from Operations Totaled $10.6 Million, and Adjusted Funds from Operations Totaled $11.0 Million

Conference Call and Webcast Scheduled for May9, 2024, at 11 a.m.

NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced that its Low Income Housing Tax Credit (LIHTC) syndication platform, Greystone Real Estate Capital, has added Jay Reed as an Assistant Vice President, Tax Credit Underwriter.

Caption: ID Oakland Park Entranceway with Clubhouse and Pool Deck

OAKLAND PARK, Fla., May 09, 2024 (GLOBE NEWSWIRE) -- Ceiba Groupe’s newest multifamily development, ID Oakland Park, is now open and leasing.

Greystone is #3 Fannie Mae DUS® Lender Overall

NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced that Senior Managing Director Dan Sacks has ranked as the #1 Multifamily Loan Originator for Fannie Mae’s Delegated Underwriting and Servicing (DUS®) platform for 2023.

IRVINE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, has closed WNC Institutional Tax Credit Fund 56, L.P.

WESTPORT, Conn., May 09, 2024 (GLOBE NEWSWIRE) -- Regency Centers has acquired the Compo Shopping Centers, a 76,000-square foot retail destination in the heart of Westport, Connecticut.

Net Income of $0.17 Per Diluted Share

Normalized FFO of $0.33 Per Diluted Share

Multifamily Same Store NOI Growth of 2.6% (GAAP) and 2.5% (Cash)

Positive Renewal Spreads on Commercial Leases of 11.5% (GAAP) and 3.7% (Cash)

Maintained 2024 Full-Year Normalized FFO Guidance Range of $1.21 to $1.27 Per Diluted Share

VIRGINIA BEACH, Va.

JACKSONVILLE, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH)—

First Quarter Highlights and Recent Developments

Executive Summary and Analysis

This quarter represented another meaningful step in the growth of this Company.

Not for distribution to U.S. newswire services or dissemination in the United States.

TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U) (TSX: MHC.UN) today announced that each of the seven individuals nominated for election as a trustee of Flagship at the REIT’s Annual Meeting of Unitholders held onMay 8, 2024(the "Meeting"), was elected.