THE WOODLANDS, Texas, Nov. 01, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the third quarter ended September30, 2022.
Real Estate News
NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (NASDAQ: SSIC) (“SSIC”), allocated a total of $21 million to the recently announced Verano Holdings Corp.
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.
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.