Real Estate News

Ryman Hospitality Properties, Inc. Announces Cash Tender Offer for Any and All 5.00% Senior Notes Due 2023

NASHVILLE, Tenn., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today that its subsidiaries, RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together with the Operating Partnership, the “Issuers”), have commenced a cash tender offer (the “Tender Offer”) for any and all of their outstanding $400 million aggregate principal amount of 5.00% senior notes due 2023 (the “2023 Notes”), which were jointly issued by the Issuers and are jointly and severally guaranteed, on an unsecured unsubordinated basis by the Company and its subsidiaries that guarantee the Company’s senior secured credit facility.

Ryman Hospitality Properties, Inc. Announces Proposed $400 Million Senior Notes Offering

NASHVILLE, Tenn., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today that its subsidiaries, RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together, with the Operating Partnership, the “Issuers”), intend to offer, in a private placement, subject to market and other conditions, up to $400 million aggregate principal amount of senior notes due 2029 (the “notes”).

American Assets Trust, Inc. Reports Fourth Quarter and Year-End 2020 Financial Results and COVID-19 Operational Update

Net income available to common stockholders of $2.9 million and $27.7 million for the three months and year ended December 31, 2020, respectively, or $0.05 and $0.46 per diluted share, respectively

Funds From Operations per diluted share decreased 27% and 14% year-over-year for the three months and year ended December 31, 2020, respectively, or $0.41 and $1.89 per diluted share, respectively

Collected 92% to date of rents that were due during the fourth quarter of 2020

SAN DIEGO, Feb.

CareTrust REIT Promotes David Sedgwick to President

SAN CLEMENTE, Calif., Feb. 09, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that David Sedgwick, CareTrust’s Chief Operating Officer and one of the original members of CareTrust’s seasoned management team, has been promoted to President of the company.

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