Real Estate News

Harbor Custom Development, Inc. Closes $19,129,000 Construction Loan with Broadmark Realty Capital

Gig Harbor, Washington , Jan. 03, 2022 (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 closed a $19,129,000 construction loan with Broadmark Realty Capital for the 126 unit first phase of Harbor’s 228 unit Olympic Sunset View Apartment project in Belfair, Washington.

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.

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