Real Estate News

Pipeline of New Rental Homes Remains Robust

WASHINGTON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- NeighborWorks America announced today that the total of owned and managed rental homes of the NeighborWorks network grew to 211,856 in Fiscal Year 2024, an increase from 204,563 at the end of year Fiscal Year 2023.

Celebration, FL, Jan. 30, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ:LRHC) (“La Rosa” or the “Company”), a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced the appointment of industry veteran Jose Miguel “JM” Padron, to lead the national expansion of La Rosa’s commercial real estate division.

WEST PALM BEACH, Fla., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), part of TCG Real Estate, today announced that it closed a senior secured revolving credit facility (“Credit Facility”), with East West Bank serving as agent and providing an initial commitment of $50 million, with the ability to expand to $200 million, subject to certain conditions and lender participation.

PHILADELPHIA, Jan. 30, 2025 (GLOBE NEWSWIRE) -- GREA’s Student Housing Group is pleased to announce the sale of two student properties in Upstate New York: Block 20 Buffalo, totaling 192 units and 640 beds in Amherst, New York and The Hill at Rochester, totaling 182 units and 358 beds located in Rochester, NY.

All dollar references are in U.S. dollars, unless noted otherwise.

BROOKFIELD NEWS, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Brookfield Property Partners (“BPY” or the “Partnership”) announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on March 31, 2025, to holders of record at the close of business on March 3, 2025.

SAN DIEGO, Jan. 29, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust (“REIT”) announced that in the fourth quarter of 2024, through subsidiary and affiliate entities, have sold five homes for a total of approximately $2.7 million.

RALEIGH, N.C., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended December 31, 2024, which equates to an annualized dividend of $2.00 per share.

NEW CANAAN, Conn., Jan. 29, 2025 (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 the tax treatment of its common stock dividends declared in 2024.

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WEST PALM BEACH, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), an affiliate of TCG Real Estate, today announced that it has committed $10.3 million to a $41.0 million note-on-note bridge loan.