Aaron Weiss Joins Management Team
Southfield, MI, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) a real estate investment trust that owns and operates, or has an interest in, manufactured housing communities, recreational vehicle resorts and marinas, announced today the appointment of Aaron Weiss as Executive Vice President of Corporate Strategy and Business Development.
DAYTONA BEACH, Fla., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced that it has successfully executed a new $80.0 million unsecured term loan (the “Term Loan”).
UNIONDALE, N.Y., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced today that it has priced the public offering of7,000,000 shares of its 6.25% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series F Preferred Stock”), liquidation preference $25.00 per share, for gross proceeds of $175 million, before deducting underwriting discounts and estimated offering expenses.
Construction Progress Drives Sales Momentum and Demand for New Home Construction
SAN DIEGO, CALIFORNIA, Oct. 05, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc.
MONTREAL and LOS ANGELES, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Ivanhoé Cambridge is expanding its relationship with Mount Auburn Multifamily by investing $150 million of preferred equity directly into the company.
Gig Harbor, Washington, Oct. 04, 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 the pricing of its underwritten public offering (the “Offering”) of 2,400,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock (the “Series A Preferred Stock”) and 12,000,000 warrants to each purchase one share of common stock (“Warrants”).
LX Collection Serves International Buyers and Investors Interested in the World’s Most Prestigious Luxury Condominiums Around the Globe
NEWPORT BEACH, Calif., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the third quarter of 2021 before the market opens on Wednesday, November 10, 2021.
NEW YORK, Oct. 05, 2021 (GLOBE NEWSWIRE) -- INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced the following updates on leasing, its acquisition and development pipeline, its potential dispositions and other corporate matters for the three months ended September 30, 2021 (the “2021 third quarter”):
Highlights
Acquired a 139,500 square foot industrial/logistics building in Lakeland, Florida for a purchase price of $17.8 millionEntered into an agreement to acquire, for a purchase price of $31.5 million, an under-construction, approximately 184,000 square foot industrial/logistics portfolio in Nashville, TennesseeEntered into an agreement to acquire, for a purchase price of $14.6 million, an approximately 128,000 square foot, fully-leased, industrial/logistics building in Charlotte, North CarolinaEntered into an agreement to acquire, for a purchase price of $2.25 million, approximately 10.6 acres of undeveloped land in the Lehigh Valley of Pennsylvania, upon which INDUS intends to construct, on speculation, an approximately 90,000 square foot industrial/logistics buildingEntered into three separate non-binding letters of intent (“LOIs”) for three industrial/logistics buildings totaling approximately 690,000 square feet for a combined purchase price of approximately $77.8 millionCompleted new leases of approximately 115,000 square feet and renewals of approximately 145,000 square feet in the industrial/logistics portfolioGenerated proceeds of approximately $7.4 million from real estate sales in the 2021 third quarter and announced approximately $40.7 million under contract for saleEntered into a new secured revolving credit facility of up to $100 millionStabilized industrial/logistics portfolio1 was 99.4% leased as of September 30, 2021Industrial/Logistics Leasing Activity2
INDUS reported the following metrics for its industrial/logistics portfolio for the 2021 third quarter:
Number of LeasesSquare FeetWeighted Avg.2021 Cohort of Early-Stage Real-Estate Tech Companies Will Receive Coaching, Funding Opportunities and Executive Networking
NEWARK, N.J., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Audience Town, the advertising platform for real estate, moving and home, announced today that the company has been selected among the 2021 midyear cohort to participate in the Moderne Ventures Passport Program, a leading financial and business development partnership that builds resources and expertise among early-stage real-estate tech startups.
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