Real Estate News

Greystone Closes $900 Million CRE CLO

Majority Multifamily Offering Highlights Strength in Capital Demand for Apartment Financing

NEW YORK, Aug. 11, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate finance company, announced the closing on August 10, 2021, for Greystone CRE Notes, 2021-FL3 Ltd.

International Land Alliance to Present at Upcoming Investor Conferences

SAN DIEGO, CALIFORNIA, Aug. 11, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILA” or the “Company”), an international land investment and development firm, today announced that management will present at the Q3 Investor Summit Conference taking place virtually August 17-18, 2021, and the SNN Network Summer Conference taking place virtually August 17-19, 2021.

United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Seventh Extended Hostile Tender Offer

GRAPEVINE, Texas, Aug. 10, 2021 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) announced that it recommends Trust shareholders reject the seventh extended unsolicited tender offer made by hedge fund NexPoint Strategic Opportunities Fund (“NexPoint”) to purchase all Trust common shares (the “Shares”) for $1.10 per share (the “Tender Offer”).

Harbor Custom Development, Inc. Closes 189 Unit Oceanfront Condominium Site in Punta Gorda, Florida for $4,700,000

Gig Harbor, Washington , Aug. 10, 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 that it closed on a 40+ acre oceanfront parcel in Punta Gorda, Florida for $4,700,000 for the purpose of constructing 189 oceanfront condominium units.

INDUS Announces Agreement to Acquire Land for Development

NEW YORK, Aug. 09, 2021 (GLOBE NEWSWIRE) -- INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS”), a U.S. based industrial/logistics REIT, announced today that it recently entered into an agreement (the “Purchase Agreement”) to acquire, for a purchase price of $2.25million, approximately 10.6 acres of undeveloped land in the Lehigh Valley of Pennsylvania (the “Lehigh Valley Land”).

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