SAN DIEGO, CALIFORNIA, Feb. 18, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL) announced today a sales and marketing collaboration with Baja 123 Real Estate (www.baja123.com) for its Plaza Bajamar development.
Real Estate News
Brand-New Floor Plan Designs for Sale in Charming New Sacramento-Area Community
The Magnolia Plan is a brand-new, three-bedroom home featured at The Arbors in Linda, California.
INDIANAPOLIS, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it has scheduled its Annual Meeting of Shareholders to be held on Wednesday, May 12, 2021, at 9:00 a.m.
January 2021 NYS Housing Snapshot
Fourth Quarter Highlights:
Diversified operating platform with a multifamily focus that continues to produce strong distributable earnings and dividends in all cycles GAAP net income of $0.80 and distributable earnings of $0.49 per diluted common share1Raised cash dividend on common stock to $0.33 per share, our third consecutive quarterly increaseContinued strong performance from our residential mortgage banking joint venture generating pretax income of $19.6 millionRaised $105 million of accretive growth capital through the issuance of common sharesAgency Business:
Segment income of $70.9 millionRecord loan originations of $2.75 billion, an 87% increase over last quarterServicing portfolio of $24.63 billion representing 9% growth in the current quarterStructured Business:
Segment income of $39.9 millionPortfolio growth of 7% on $985.2 million of loan originationsFull Year Highlights:
GAAP net income of $1.41 and distributable earnings of $1.75 per diluted common share1Raised annual dividend run rate to $1.32 per share, a 10% increase from a year ago, representing nine straight years of dividend growthRecord originations of $9.15 billion, a 20% increase over 2019Agency servicing portfolio growth of 23% from record loan originations of $6.71 billionStructured portfolio growth of 28% from loan originations of $2.43 billionIndustry leading shareholder return of 7% in 2020 despite ongoing pandemic; all other commercial mortgage REITs in our space had a negative return during 2020Raised $250 million of accretive growth capital through issuance of common stock and senior unsecured debtContinued focus on improving funding sources: issued $275.0 million of 4.50% senior notes to replace higher cost debt, increased warehouse capacity by $420.0 million, added a new $800.0 million CLO vehicle and completed first private label securitization totaling $727.2 millionGenerated pretax income of $75.7 million from residential mortgage banking joint ventureNamed the top Fannie Mae Small Loan Producer two years running (2019-2020); jumped up to sixth on the Top Fannie Mae DUS Multifamily Lender list for 2020UNIONDALE, N.Y.
NEW YORK, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance firm, has provided a $33,136,000 Freddie Mac affordable housing loan for the acquisition of three multifamily properties totaling 170 units in Arizona.
Southfield, MI, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts and marinas, (collectively, the “properties”), today reported its fourth quarter results for 2020.
NASHVILLE, Tenn., Feb. 17, 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”), completed the previously announced private placement of $600 million aggregate principal amount of 4.500% senior notes due 2029 (the “notes”).
Net (loss) income attributable to common shareholders for the fourth quarter 2020 of $(7.4) million, or $(0.09) per diluted share, compared to $71.1 million, or $0.83 per diluted share for the same period in 2019.
- $200 Million Unsecured Notes Placement -- Successfully Amends Senior Credit Facility -- Covenant Waivers Extended Through March 31, 2022 -- Binding Sales Agreements on Six Hotels Totaling $216 Million -
PHILADELPHIA, Feb.