Real Estate News

Sun Communities Reports Results for the Second Quarter and First Six Months of 2024

Net Income per Diluted Share of $0.42 for the Quarter

Core FFO per Share of $1.86 for the Quarter

North America Same Property NOI increased by 3.6% for the Quarter and 5.6% for the First Six Months of 2024 versus corresponding 2023 Periods

North America Same Property Adjusted Blended Occupancy for MH and RV of 98.7% represents a 150 basis point year-over-year increase

Reiterating Full-Year Core FFO per Share Guidance for 2024 of $7.06 - $7.22

Full-Year North America Same Property NOI Growth Guidance Range of 4.7% - 5.7%, Maintaining 5.2% Midpoint and Revising Full-Year UK Same Property NOI Growth Guidance Range to 8.6% - 10.4%

Southfield, MI, July 31, 2024 (GLOBE NEWSWIRE) -- – Sun Communities, Inc.

Landsea Homes Reports Second Quarter 2024 Results

Home sales revenue increased 43.5% to $418.2 millionNet new home orders of 760 increased 34.5%Net income of $2.9 million or $0.08 per shareAdjusted net income of $13.3 million or $0.36 per share, a 9% increaseHome sales gross margin of 14.9%, 21.1% on an adjusted basisBook value per share of $17.94

DALLAS, Aug.

Lynd and Declaration Partners form programmatic partnership to invest in multifamily asset workouts and distressed situations

Partnership already working with owners and lenders on numerous portfolios comprising 23,000 units

SAN ANTONIO, TX, July 17, 2024 (GLOBE NEWSWIRE) -- The Lynd Group, a national multifamily owner, operator and developer, has formed a programmatic partnership with Declaration Partners to invest capital for workout and distressed situations primarily involving multifamily assets.

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