NEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $22.6 million HUD-insured 223(f) loan to refinance a 96-unit multifamily property in Shelby Township, Michigan.
Real Estate News
eXp World Holdings Reports Record Third Quarter 2022 Revenue of $1.2 Billion
Situated in the booming Tampa and Orlando submarkets, the additional investments will focus on decarbonization retrofits through Taurus affiliate, RENU Communities
BOSTON, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Taurus Investment Holdings, LLC (Taurus), a global private equity real estate firm and Aegon Asset Management (Aegon AM), the asset management arm of Aegon N.V.
WASHINGTON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington metro area and the Sunbelt, reported financial and operating results today for the quarter ended September 30, 2022:
Financial Results
Net loss was $10.7 million, or $0.12 per diluted shareNAREIT FFO was $12.9 million, or $0.15 per diluted shareCore FFO was $20.5 million, or $0.23 per diluted shareNet Operating Income (NOI) was $35.0 millionOperational Highlights
Same-store multifamily NOI increased by 10.4% compared to the prior year period and continues to accelerate into the fourth quarterEffective new Lease Rate Growth was 10.5%, effective renewal Lease Rate Growth was 10.1%, and effective blended Lease Rate Growth was 10.3% during the quarter for our same-store portfolioEffective new Lease Rate Growth was 13.8%, effective renewal Lease Rate Growth was 18.4%, and effective blended Lease Rate Growth was 16.3% during the quarter for our non-same store portfolioPost quarter end, to date we have achieved effective blended Lease Rate Growth of 9.7% for our non-same store portfolio and 7.1% for our same-store portfolioSame-store retention was 60%, unchanged compared to the prior year period, and above the historical average while achieving very strong double-digit renewal lease rate growthSame-store multifamily Average Occupancy decreased 20 basis points from the third quarter of 2021 to 95.6%, in line with the targeted rangeSame-store multifamily occupancy increased post quarter-end to 95.7% as of October 27, 2022Transformation Update
Rebranded as Elme Communities to reflect our ongoing commitment to elevating the value-living experience for our residents.NEW YORK, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared a regular quarterly dividend of $.53 per share, payable on November18, 2022 to common shareholders of record on November 7, 2022.
Fund Pursues Value-Add Investments in Commercial Real Estate Nationally
HOUSTON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- (OCT. 26, 2022 – Houston) – Transwestern Investment Group (TIG), the investment management arm of the Transwestern family of companies, announces that it has raised $325 million of commitments for Transwestern Strategic Partners Fund III (“TSP Fund III”), a discretionary closed-end fund.
NEW CANAAN, Conn., Oct. 27, 2022 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced that it plans to host a conference call and report financial results for the third quarter ended September 30, 2022 on Thursday, November 10, 2022.
WINTER PARK, Fla., Oct. 27, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter ended September 30, 2022.
Oasis at Lakeport To Become Premier Osage Beach Tourist Destination Offering Amusement Rides and Attractions, Hotels, Restaurants, Amphitheater, Marina and Boardwalk
$300 Million Family Resort and Entertainment District Planned for Missouri’s Lake of the Ozarks
NEW YORK, Oct. 27, 2022 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a fourth quarter 2022 regular cash dividend of $0.13 per common share.