Real Estate News

United Development Funding IV and United Development Funding Income Fund V Announce Management and Board of Trustee Changes

GRAPEVINE, Texas, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Pending appeal of the recent conviction of two executives associated with United Development Funding IV (“UDF IV”) and United Development Funding Income Fund V (“UDF V” and together the “Trusts”), the Trusts announced the following management and Board of Trustee changes effective immediately:

Jim Kenney was appointed acting Chief Executive Officer of UDF IV and UDF V and elected to the UDF IV Board of Trustees as a Managing TrusteeStacey Dwyer was appointed acting Chief Financial Officer of UDF IV and UDF VLarry Jones was elected to the UDF V Board of Trustees as an independent trustee; he will also serve as Chairman of the Board of Trustees of both TrustsHollis Greenlaw resigned as a trustee of both Trusts

About United Development Funding IV

United Development Funding IV is a Maryland real estate investment trust.

Hersha Hospitality Trust Announces Dividend Classification for 2021

PHILADELPHIA, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT); (“Hersha” or “the Company”), owner of high quality upscale hotels in urban gateway markets and coastal destinations, today announced the tax classification of its Series C Cumulative Redeemable Preferred Share (“Series C Preferred Shares”), Series D Cumulative Redeemable Preferred Share (“Series D Preferred Shares”) and Series E Cumulative Redeemable Preferred Share (“Series E Preferred Shares”) distributions for 2021 for Federal income tax reporting purposes.

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