Real Estate News

$550 Million Recapitalization of Special Purpose Industrial Portfolio

Focuses LXP as a Pure-Play Single-Tenant Warehouse and Distribution REIT

NEW YORK, Jan. 03, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust focused on single-tenant industrial real estate investments, today announced that it recapitalized a 22-property special purpose industrial portfolio consisting primarily of manufacturing assets through a sale to a new joint venture with an affiliate of Davidson Kempner Capital Management LP.

Profitable Short-Term Land Lease for Hemp will be Transitioned to Subdividing Property for Construction of Residential Homes

SAN DIEGO, CALIFORNIA, Dec. 28, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc.

Gig Harbor, Washington , Dec. 29, 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 JIBA Family, LP and Bayonet Point Holdings, LLC for the purchase of 60 acres in Hudson, Florida for $7,400,000.

Multi-Housing Income REIT, Inc. adds San Antonio land development project

AUSTIN, Texas, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Upside Avenue (Multi-Housing Income REIT, Inc.) announced today that during the fourth quarter of 2021, it contributed $531,483 for a minority interest in CG Sunset Land, LLC (“Sunset Land”).

Sold $353M of Non-Core Assets Since Announcing the Acquisition of Office Assets from Preferred Apartment Communities, Inc.

RALEIGH, N.C., Dec. 29, 2021 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc.

IRONWOOD, Mich., Dec. 27, 2021 (GLOBE NEWSWIRE) -- Keweenaw Land Association, Limited (OTC US: KEWL) today announced it has closed the previously announced sale of its timber assets.

VERO BEACH, Fla., Dec. 27, 2021 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced guidance on the January 2022 cash dividend for the Company's Common Stock, which maintains the current monthly dividend rate of $0.10 per Common share.

Meadows North features single-family homes priced from the $330s in North Branch

Gig Harbor, Washington , Dec. 27, 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 closed on the sale of 30 developed lots in the Summit Rock golf course development in Horseshoe Bay Texas to Modern Homestead, LLC for $6,045,000.