Real Estate News

Lexington Realty Trust Announces Pricing of Public Offering of $400 Million of Senior Notes

NEW YORK, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE: LXP) (“Lexington”), a real estate investment trust (“REIT”) focused on single-tenant industrial real estate investments, today announced that it has priced an underwritten public offering of $400 million aggregate principal amount of 2.375% senior unsecured notes due October 1, 2031 at a price equal to 99.758% of the principal amount, to yield 2.402%.

QuantmRE Leverages Algorand to Launch a User-Friendly Blockchain-Based, Tokenized Home Equity Real Estate Marketplace

NEWPORT BEACH, Calif., Aug. 17, 2021 (GLOBE NEWSWIRE) -- QuantmRE today announced that it will be leveraging the Algorand protocol to deliver a groundbreaking, blockchain-based real estate marketplace that allows investors -- including individuals, family offices and institutions -- to buy, sell and trade fractionalized interests in the equity in residential homes, thereby enabling digital access to this $18 trillion asset class.

Opendoor Technologies Inc. Prices Upsized $850 Million Convertible Senior Notes Offering

SAN FRANCISCO, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN) (“Opendoor”), a leading digital platform for residential real estate, today announced the pricing of its offering of $850,000,000 aggregate principal amount of 0.25% convertible senior notes due 2026 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Harbor Custom Development, Inc. Purchases 177 Unit Condominium Site in Lacey, Washington for $4,425,000

Gig Harbor, Washington , Aug. 18, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI; HCDIP; HCDIW), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced it has purchased an 8.44 acre property entitled for the construction of 177 condominium units in Lacey, Washington for $4,425,000.

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