Real Estate News – Page 571

Matterport Announces Third Quarter 2021 Financial Results

Total subscribers increased 116% to 439,000 from year-ago periodPaid subscribers rose 35% to 53,000 from year-ago periodSubscription revenue grew 36% to $16 million from year-ago period Annual recurring revenue grew to $63 millionGAAP loss per share of $0.86, Non-GAAP loss per share of $0.06

SUNNYVALE, Calif.

Former Cardinal Group Executives Launch Echelon Energy with Growth Investment from Union Main Group

Funding to accelerate the company’s mission to help real estate ownersreduce utilities consumption, improve cash flow and meet ESG mandates

DENVER, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Echelon Energy (“Echelon”) today announced a significant minority growth investment by Union Main Group.

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the Third Quarter and Nine Months Ended September 30, 2021

JACKSONVILLE, Fla., Nov. 03, 2021 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH)

Third Quarter Operational Highlights

Dock 79 ended the reporting period with residential occupancy above 94% for the fourth straight quarterLeasing efforts have begun at Riverside as well as the second building at Bryant Street, Chase 1BAverage residential occupancy above 95% for the quarter for both Dock 79 and The MarenBoth Dock 79 and The Maren are now 100% commercially leased

Third Quarter Consolidated Results of Operations

Net income attributable to the Company for the third quarter of 2021 was $352,000 or $.04 per share versus $5,455,000 or $.57 per share in the same period last year.

327 Unit Apartment Development, Bridges at Flatiron, Now Leasing in Broomfield, CO

BROOMFIELD, Colo., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Bridges at Flatiron, a brand-new apartment development within Flatiron Marketplace, is now leasing in Broomfield, CO.

Greystone Affordable Development Appoints James Baugh as VP, Finance

NEW YORK, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Greystone Affordable Development, a national affordable housing developer, announced James Baugh has been named Vice President, Finance.

Greystone Provides $19.7 Million Fannie Mae Loan to Refinance Newly Constructed Illinois Multifamily Property

NEW YORK, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $19.7 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 48-unit multifamily property in Glen Ellyn, IL.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2021

FREEHOLD, NJ, Nov. 03, 2021 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) reported Total Income for the quarter ended September 30, 2021 of $48.0 million as compared to $43.1 million for the quarter ended September 30, 2020, representing an increase of 11%.

RPT Realty Reports Third Quarter 2021 Results; Raises Full Year 2021 Outlook

Net income (loss) attributable to common shareholders for the third quarter 2021 of $24.0 million, or $0.29 per diluted share, compared to $(3.6) million, or $(0.05) per diluted share for the same period in 2020.

Ares Management Commences Construction on Turnpike North Logistics Center

Dallas development consists of two industrial properties totaling 636,000 square feet

Turnpike North Logistics Center

NewLake Capital Partners to Host Third Quarter 2021 Earnings Call on November 12th at 8:30 a.m. ET

NEW CANAAN, Conn., Nov. 03, 2021 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OCTQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced that it plans to host a conference call and report financial results for the quarter-ended September 30, 2021 before the markets open on Friday, November 12, 2021.