Real Estate News

BTR Communities Group, LLC and WNC & Associates Begin Construction on East Center Village in Lexington, NC

The new development will create 54 affordable housing unitsfor seniors at 40% and 60% of area median income (AMI)

LEXINGTON, N.C., July 23, 2024 (GLOBE NEWSWIRE) -- BTR Communities Group, LLC, a North Carolina-based developer and owner of affordable housing, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, have begun construction on East Center Village, an all-new 3-story affordable housing development in central North Carolina.

Postal Realty Trust Declares Second Quarter 2024 Dividend

CEDARHURST, N.Y., July 23, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,950 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.24 per share.

AMREP Reports Fiscal 2024 Results

HAVERTOWN, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $6,690,000, or $1.25 per diluted share, for its 2024 fiscal year ended April 30, 2024 compared to net income of $21,790,000, or $4.11 per diluted share, for the same period of the prior year.

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