Leksa at CityPlace Celebrated its Grand Opening, Debuting 391 Luxury Apartment Residences in Doral, FL
MIAMI, May 01, 2025 (GLOBE NEWSWIRE) -- Willow Bridge Property Company proudly celebrated the grand opening of Leksa at CityPlace on Wednesday, April 23, 2025, bringing together developers, partners, and project contributors to mark the official debut of the luxury apartment community in the heart of Miami’s vibrant Doral district.
Brentwood Commons to Address Atlanta’s Growing Need for Attainable Housing
ORLANDO, Fla. and ATLANTA, May 01, 2025 (GLOBE NEWSWIRE) -- Wendover Management, the property management division of Wendover Housing Partners, one of the Southeast’s leading multifamily housing developers, is now accepting applications for Brentwood Commons, a new affordable housing community in Atlanta.
LOS ANGELES, May 01, 2025 (GLOBE NEWSWIRE) -- PearlX, an energy infrastructure and capital partner to multifamily owners and developers, and Cal Solar Inc.
NASHVILLE, Tenn., May 01, 2025 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today announced results for the first quarter ended March31, 2025. Net (loss) income attributable to common stockholders for the three months ended March31, 2025 was $(44.9) million, or $(0.13) per diluted common share.
Strong Same-store NOI and Occupancy Growth
Operating Initiatives Driving Higher Fee Income
Solid Rental Rate Growth
BETHESDA, Md., May 01, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE: ELME), a multifamily REIT, reported financial and operating results today for the quarter ended March 31, 2025:
Financial Results Three months ended March 31,20252024Net loss per diluted share$ (0.05)$ (0.04)Core FFO per diluted share 0.24 0.23Operational Highlights
Same-store multifamily NOI increased by 5.5% compared to the prior year quarterSame-store Average Effective Monthly Rent Per Home increased 1.7% compared to the prior year quarterEffective blended Lease Rate Growth was 1.9% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (2.0)% and effective renewal Lease Rate Growth of 5.0%Retention was 62% during the quarter, in line with expectationsSame-store multifamily Average Occupancy was 94.8% during the quarter, up 0.5% compared to the prior year quarterBalance Sheet
Available liquidity was $324 million as of March 31, 2025, consisting of availability under the Company's revolving credit facility and cash on handAnnualized first quarter Net Debt to Adjusted EBITDA ratio was 5.6xThe Company has a strong balance sheet with only $125 million of debt maturing before 2028 and no secured debt“Our operating business delivered strong results this quarter, and demand trends across our portfolio remain solid as we head into our peak leasing season,” said Paul T.
– Acquired one property for $79.8 million –– Signed comparable leases on 109,000 square feet for growth of 37.2% –– Current signed-not-open pipeline of $4.0 million –
WINTER PARK, Fla.
LITTLE ROCK, Ark., May 01, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present at the following upcoming conferences:
J.P.
NASHVILLE, Tenn., May 01, 2025 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the three months ended March 31, 2025.
FREEHOLD, NJ, May 01, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended March 31, 2025 of $61.2 million as compared to $57.7 million for the quarter ended March 31, 2024, representing an increase of 6%.
DALLAS, May 01, 2025 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company intends to release its results for the first quarter of 2025 after the market closes on Monday, May 12, 2025, and to host a conference call on Tuesday, May 13, 2025, at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session.
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