Real Estate News

Greystone Affordable Development and Weaver-Kirkland Development Partner on New Senior Affordable Housing Project in North Carolina

70-Unit Multifamily Project Marks Greystone Affordable Development’s First New Construction Structure

NEW YORK, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Greystone Affordable Development and Weaver-Kirkland Development, LLC are pleased to announce the financial closing and official groundbreaking for Kirkwood Grove Apartments, a 70-unit affordable senior housing community in Hudson, North Carolina.

CTO Realty Growth Announces Acquisition of a Grocery-Anchored Retail Property in Atlanta, Georgia and Sale of Its Downtown Daytona Beach Land Parcel

DAYTONA BEACH, Fla., Dec. 30, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced it has acquired Phase I of The Exchange at Gwinnett, a grocery-anchored retail property in the Buford submarket of Atlanta, Georgia (the “Property”) for $34.0 million.

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) Announces Quarterly Dividend

CHICAGO, Dec. 31, 2021 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (“REFI” or “the Company”), a leading institutional lender to state-licensed cannabis operators, today announced that its Board of Directors has declared a quarterly dividend for the quarter ending December 31, 2021 of $0.26 per outstanding share of common stock, payable on January 14, 2022 to the common stockholders of record on December 31, 2021.

LXP Industrial Trust Launches Joint Venture

$550 Million Recapitalization of Special Purpose Industrial Portfolio

Focuses LXP as a Pure-Play Single-Tenant Warehouse and Distribution REIT

NEW YORK, Jan. 03, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust focused on single-tenant industrial real estate investments, today announced that it recapitalized a 22-property special purpose industrial portfolio consisting primarily of manufacturing assets through a sale to a new joint venture with an affiliate of Davidson Kempner Capital Management LP.

Harbor Custom Development, Inc. Enters Contract to Purchase 60 Acre Townhome site in Tamp Bay, Florida Metro Market for $7,400,000

Gig Harbor, Washington , Dec. 29, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has entered into a contract with JIBA Family, LP and Bayonet Point Holdings, LLC for the purchase of 60 acres in Hudson, Florida for $7,400,000.

Upside Avenue Adds 16.6 Acres of Land to Portfolio

Multi-Housing Income REIT, Inc. adds San Antonio land development project

AUSTIN, Texas, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Upside Avenue (Multi-Housing Income REIT, Inc.) announced today that during the fourth quarter of 2021, it contributed $531,483 for a minority interest in CG Sunset Land, LLC (“Sunset Land”).

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