Real Estate News

Landsea Homes Agrees to Repurchase $30 Million in Common Stock from Its Controlling Stockholder

NEWPORT BEACH, Calif., June 01, 2022 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today that it has entered into an agreement to repurchase approximately $30 million in shares of its common stock owned by Landsea Holdings Corporation (“LHC”), the Company’s controlling stockholder, at a repurchase price of $6.82 per share, an approximate 5% discount to the closing price of the Company’s common stock on May 31, 2022, the day before the repurchase agreement was signed.

Hersha Hospitality Trust Announces Quarterly Dividends

PHILADELPHIA, May 27, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that its Board of Trustees declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the second quarter ending June 30, 2022.

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