Real Estate News

Alpine Income Property Trust Announces the Acquisition of a Diversified Portfolio for $14.8 Million Through a Partial OP Unit Transaction

DAYTONA BEACH, Fla., June 30, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today it has acquired a diversified portfolio of nine high-quality retail net lease properties, and is under agreement to acquire a tenth property (together, the “Portfolio”) for a total combined purchase price of $14.8 million.

Park Hotels & Resorts Inc. Completes the Sale of the Hotel Indigo San Diego Gaslamp Quarter and Courtyard Washington Capitol Hill Navy Yard

TYSONS, Va., June 30, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 210-room Hotel Indigo San Diego Gaslamp Quarter in San Diego, CA and the 204-room Courtyard Washington Capitol Hill Navy Yard in Washington, DC, for combined gross proceeds of $149 million, or approximately $360,000 per key.

International Land Alliance Establishes Sales and Distribution Channels for CBD Hemp Operations

Partnerships to Accelerate Monetization of Successful First Hemp Harvest

SAN DIEGO, CALIFORNIA, June 29, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILA” or the “Company”), an international land investment and development firm, has established sales and distribution channels for its CBD hemp growing operations at the Company’s Southern California property.

New York Mortgage Trust Announces Pricing of Public Offering of 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

NEW YORK, June 29, 2021 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today the pricing of a public offering of 5,000,000 shares of its 6.875% SeriesF Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series F Preferred Stock”), liquidation preference $25.00 per share, for gross proceeds of $125,000,000 before deducting underwriting discounts and offering expenses.

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