Real Estate News

LGI Homes Announces Private Offering of $300 Million of Unsecured Senior Notes and Conditional Redemption of 6.875% Senior Notes due 2026

THE WOODLANDS, Texas, June 14, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) (“LGI Homes” or the “Company”) today announced that it has commenced a private offering (the “Offering”) of $300 million aggregate principal amount of unsecured Senior Notes due 2029 (the “Notes”) to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S.

Harbor Custom Development, Inc. Announces Closing of $30.0 Million Public Offering of Convertible Preferred Shares & Warrants

Gig Harbor, Washington, June 11, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW) ("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 closing of its previously announced underwritten public offering (the “Offering”) of 1,200,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock and 4,140,000 warrants to each purchase one share of Common Stock at an exercise price of $5.00, including 540,000 warrants as a result of a partial exercise of the over-allotment option granted to the underwriter.

Harbor Custom Development, Inc. Announces Pricing of $30 Million Public Offering of Convertible Preferred Shares & Warrants

Gig Harbor, Washington, June 09, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI) ( “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 1,200,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock.

Alpine Income Property Trust, Inc. Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters’ Over-Allotment Option

DAYTONA BEACH, Fla., June 10, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the issuance and sale of an additional 420,000 shares of the Company’s common stock pursuant to the full exercise of the underwriters’ over-allotment option in connection with the Company’s previously announced offering of common stock.

Landing to Partner with Alabama, Jefferson County, and Birmingham to Establish New HQ

Relocation will introduce new jobs and economic opportunity for the surrounding region

BIRMINGHAM, Ala., June 10, 2021 (GLOBE NEWSWIRE) -- Landing, the company behind the first membership for flexible apartment living, today announces a new partnership with the State of Alabama, Jefferson County, and the City of Birmingham to relocate its headquarters from San Francisco to Birmingham.

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