UNIONDALE, N.Y., May 26, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced today that it will redeem all of the outstanding (i) 1,551,500 shares of its 8.250% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), (ii) 1,260,000 shares of its 7.75% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”), and (iii) 900,000 shares of its 8.50% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock” and, together with the Series A Preferred Stock and the Series B Preferred Stock, the “Outstanding Preferred Stock”), at redemption prices equal to $25.00 per share of Outstanding Preferred Stock, plus any accumulated and unpaid dividends thereon to, but not including, June 24, 2021 (the “Redemption Date”).
Real Estate News
NEW YORK, May 26, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $16,376,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 168-unit multifamily community in Pensacola, Florida.
UNIONDALE, N.Y., May 25, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced today that it has priced the public offering of 8,000,000 shares of its 6.375% Series D Cumulative Redeemable Preferred Stock (the “Series D Preferred Stock”), liquidation preference $25.00 per share, for gross proceeds of $200 million, before deducting underwriting discounts and estimated offering expenses.
NEW YORK, May 25, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided $20,740,000 in HUD 223(f) financing for the acquisition of a 265-unit multifamily property in Rapid City, South Dakota.
NEW YORK, May 25, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a total of $34,960,000 in HUD-insured loans to refinance a portfolio of five skilled nursing facilities across southeastern Wisconsin comprising 558 beds.
Exclusive Agreement Provides Advanced Energy Solutions to ILA’s Plaza Bajamar
SAN DIEGO, CALIFORNIA, and SALT LAKE CITY, UTAH, May 25, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc.
Arbor Realty Trust, Inc. Announces Public Offering of Series D Cumulative Redeemable Preferred Stock
UNIONDALE, N.Y., May 25, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE: ABR) announced today that it plans to make a public offering of an initial issuance of its Series D Cumulative Redeemable Preferred Stock (the “Series D Preferred Stock”).
SAN DIEGO, May 24, 2021 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) has entered into an agreement to acquire Eastgate Office Park, consisting of an approximately 280,000 square foot, multi-tenant office campus in the premier I-90 corridor submarket of Bellevue, Washington.
INDIANAPOLIS, May 25, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today it has been recognized as a 2021 Green Lease Leader by the U.S.