Real Estate News

Harbor Custom Development, Inc. Enters Contract to Sell 30 Developed lots in Horseshoe Bay Texas for $6,045,000

Gig Harbor, Washington , Nov. 08, 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 that it has entered into a contract with Modern Homestead, LLC for the sale of 30 developed lots in the Summit Rock golf course development in Horseshoe Bay Texas for $6,045,000.

CorePoint Lodging Reports Third Quarter 2021 Results

IRVING, Texas, Nov. 08, 2021 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”), a pure play select-service hotel owner strategically focused on the midscale and upper-midscale segments, today reported operational and financial results for the third quarter ended September30, 2021.

CorePoint Lodging To Be Acquired By A Joint Venture Between Affiliates Of Highgate And Cerberus Capital Management, L.P. In $1.5 Billion All-Cash Transaction

CorePoint Stockholders to Receive $15.65 Per-Share in Cash

IRVING, Texas, Nov. 08, 2021 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”), a pure play select-service hotel owner strategically focused on the midscale and upper-midscale segments, today announced that it has entered into a definitive agreement to be acquired through a joint venture between affiliates of Highgate and Cerberus Capital Management, L.P.

Duke Realty Targets Carbon Neutrality by 2025

Company Near-Term and Long-Term Sustainability Goals Combat Climate Change

INDIANAPOLIS, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE: DRE), the leading domestic only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces the company will target achieving carbon neutrality for its own operations by 2025 and achieving carbon neutrality in alignment with the Paris Climate Accords by 2040.

Monmouth to be Acquired by ILPT for Approximately $4.0 Billion

Comprehensive Strategic Review Process Results in All-Cash, Value-Maximizing Transaction

Shareholders to Receive $21.00 Per Share in Cash

HOLMDEL, N.J., Nov. 05, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE: MNR), or Monmouth, announced today that it has entered into a definitive merger agreement with Industrial Logistics Properties Trust (Nasdaq: ILPT) under which ILPT will acquire all of the outstanding shares of Monmouth for $21.00 per share in an all-cash transaction valued at approximately $4.0 billion including the assumption of debt and the committed acquisition and expansion pipeline (the “Transaction”).

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