Real Estate News – Page 601

Michael Wohl Acquires EXIT Realty Upper New England

Michael Wohl

United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Third Extended Hostile Tender Offer; Provides Supplemental Information

GRAPEVINE, Texas, March 18, 2021 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) announced that it recommends Trust shareholders reject the third extended unsolicited tender offer made by hedge fund NexPoint Strategic Opportunities Fund (“NexPoint”) to purchase all Trust common shares (the “Shares”) for $1.10 per share (the “Tender Offer”).

NewLake Capital Partners and GreenAcreage Real Estate Corp. Announce Closing of Merger, Creating One of the Largest Cannabis Real Estate Companies in the Industry

--Combined Company, to be branded NewLake Capital Partners, owns a diversified portfolio of 24 properties across 9 states with $325 million of combined assets

Tenants include many of the highest credit-quality companies in the cannabis industry, such as Curaleaf, Cresco, Columbia Care and Trulieve

Combined company has over $110 million in cash

Combined management team of David Weinstein as CEO, Anthony Coniglio as President and Chief Investment Officer and Gordon DuGan as Chairman of the Board--

CHICAGO, March 18, 2021 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc.

LGI Homes Opens Community Near Downtown Portland

Harts Crossing offers townhomes with upgraded kitchens, attached garages and light rail access

Harts Crossing townhomes by LGI Homes now for sale in Portland, Oregon.

Kite Realty Group Trust Announces Pricing of $175 Million Exchangeable Senior Notes Offering

INDIANAPOLIS, March 18, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that on March 17, 2021 its operating partnership, Kite Realty Group, L.P.

Whitestone Signs Over 9,800 Square Feet of Significant Leases, Increasing NOI by 31% at Las Colinas Village in Irving, TX

Signings Underscore the Recovery Strength of the DFW Market

HOUSTON, March 18, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT is pleased to announce leasing signings at its Las Colinas Village property in the super-hot Dallas-Fort Worth market.

Greystone Provides $12.5 Million in Fannie Mae Financing for Colorado Student Housing

NEW YORK, March 17, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided $12,458,000 in Fannie Mae Delegated Underwriting and Servicing (DUS®) financing for a 32-unit student housing property in Boulder, CO.

Black Creek Group Continues to Develop in the Inland Empire as Need for Logistics Space Remains High

Firm to develop 1.7 million square feet and approaches completion of 624,000 square feet

DENVER, March 17, 2021 (GLOBE NEWSWIRE) -- Black Creek Group, a Denver-based real estate investment management firm with a more than 25-year history, today announced it will be kicking off two development projects in the Inland Empire, Etiwanda Commerce Center and Riverside Logistics Center.

Audience Town Hires Andrew Green as Vice President of Sales

Green Will Drive Business Development for Real Estate Advertising Platform

NEWARK, N.J., March 17, 2021 (GLOBE NEWSWIRE) -- Audience Town, the advertising platform for real estate, moving and home, announced today that the company had hired Andrew Green as Vice President of Sales.

Real Estate Innovator Homie Aims to Add 1,000 Buyer Agents in 2021

Homie’s alternative real estate model emphasizes experienced, local professional support aided by technology to help buyers get their dream homes

SALT LAKE CITY, March 17, 2021 (GLOBE NEWSWIRE) -- Homie, a disruptive real estate company changing the way homes are bought and sold, today announced plans to significantly expand its already rapidly growing team of dedicated buy-side real estate agents by adding 1,000 new buyer agents across all of its markets.