ORINDA, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (OTCQX: MKZR) (“MacKenzie” or the “Company”) is announcing that it has today, together with its affiliates, launched a tender offer to purchase up to 700,000 Class S Shares of Starwood Real Estate Income Trust (“Starwood”) for $17.50 per Share, an approximate 24% discount to Starwood’s estimated net asset value of $22.94 as of May 31, 2024.
Real Estate News
Yard South Submits Zone Change Application to the City
South Portland, ME, Aug. 01, 2024 (GLOBE NEWSWIRE) -- After six years of community outreach, planning and studies, and feedback following a 2022 pre-app meeting, the Yard South development team announced that a formal zoning application to create a dynamic mixed-use neighborhood was submitted to the City of South Portland.
NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $74,576,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan to refinance a 672-unit multifamily property in Burleson, Texas.
WEST PALM BEACH, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated and an affiliate of SRT agented a senior loan in the aggregate amount of $42.0 million for the refinancing of the Thompson San Antonio Hotel (the “Project”).
WEST PALM BEACH, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $27.3 million of which the Company funded $25.0 million in a $42.0 million senior loan for the refinancing of the Thompson San Antonio Hotel (the “Project”).
THE WOODLANDS, Texas, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company” or “HHH”) today announced the completion of the spinoff of the Company's Seaport Entertainment division into a separate public company, Seaport Entertainment Group Inc.
Second Quarter Consolidated Bookings Monthly Recurring Revenue of $1.1 Million Increased Approximately 50% From Prior Year
Updates 2024 Outlook
Net Income of $18.3 Million for the Second QuarterNet Income of $0.07 Per Diluted Common Share for the Second QuarterAFFO of $0.34 Per Diluted Common Share for the Second QuarterLITTLE ROCK, Ark.
This press release corrects a clerical error regarding the omission of pro rata adjustments from joint ventures and loss on extinguishment of debt in the reconciliation to net income of funds from operations and adjusted funds from operations in the prior version of the press release issued on July 31, 2024.
– Strong Operating Performance Drives Growth in Net Income and FFO –
– Small Shop Occupancy Matches Record High –
– Raises 2024 Outlook –
JERICHO, N.Y.
JACKSONVILLE, Fla., July 31, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency”) announced today that its Board of Directors (the “Board”) has appointed Gary E.