Real Estate News

NEW YORK, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided $49 million in Freddie Mac financing for a multifamily property in Los Angeles, CA.

Los Angeles, California, Dec. 20, 2021 (GLOBE NEWSWIRE) -- The InterGroup Corporation (NASDAQ: INTG) today announced that its Board of Directors has authorized the Company to purchase up to an additional 125,000 shares of the Company’s common stock under its existing stock repurchase program, reflecting the Board’s confidence in management and the Company’s business, as well as belief that the Company’s shares are undervalued.

Acquisition of newly built 246-unit Class A apartment community extends Avanti’s South Florida presence, where the firm has invested $300 million in apartments during the second half of 2021

ORLANDO, Florida, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Pay.How is pleased to announce that it will begin rolling out its business profile features over the next several days, allowing thousands of new businesses to join the platform nationwide.

Divestiture of Driven Deliveries, Inc. and its subsidiaries will immediately return 12.5 million shares to treasury, reduce total liabilities by $7.1 million, and increase working capital by $4.1 million

Total expenses will be reduced by $9.6 million annually, positioning the Company to achieve a positive Adjusted EBITDA in CY 2022

Company will focus all resources on high-growth, high-margin vertically integrated cultivation, processing and retail operations in California and Oregon

Adam Berk has resigned as CEO and Steve Hubbard, co-founder and current CFO, has been appointed interim CEO

BOCA RATON, Fla.

First Quarter 2022 Dividend is Paid Monthly at an Annual Amount of $0.43, representing 43% of Whitestone’s FFO Core(1)

HOUSTON, Dec.

NEW YORK, Dec. 16, 2021 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that it acquired the Highland Lakes shopping center in Palm Harbor, FL for a contract price of $15.0 million.

WASHINGTON, Dec. 16, 2021 (GLOBE NEWSWIRE) -- WashREIT (NYSE: WRE) announced today that it has issued its Green Bond Allocation Report, outlining the full allocation of net proceeds of its $350 million inaugural green bond offering, which closed on December 17, 2020.

Multifamily real estate investment trust increases share price by 14.7%

AUSTIN, Texas, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Upside Avenue (Multi-Housing Income REIT, Inc.)announced today that its NAVwill change from $10.00 per share to$11.47.This change will be effectiveJanuary 1, 2022.The increase in Net Asset Value per share comes as a result ofCasoroGroup’s ability to increase net operating income for each of the assets Upside has invested in, thereby creating a significant market premium over book value.Management continues to execute on its value-add program, while also exploring “ground-up development” opportunities to further drive returns for its shareholders.

Consumers Can Expect Rising Interest Rates, Loan Volume Reductions, Stable Housing Market in 2022