Real Estate News

Providing significant capital to deploy into growing multifamily portfolioPlanning expanded geographic focus into the Southeast

WASHINGTON, June 15, 2021 (GLOBE NEWSWIRE) -- WashREIT (NYSE: WRE) (“WashREIT” or the “Company”), as part of its multi-year strategic transformation into a multifamily REIT, announced today that it has entered into a definitive agreement to sell substantially all its office portfolio to a Brookfield Asset Management private real estate fund for an aggregate purchase price of $766 million.

NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced that Ms. Sampada D’silva has joined Greystone as a Deputy Chief Credit Officer, reporting to Scott Thurman, Greystone’s Head of Credit for the FHA lending platform.

THE WOODLANDS, Texas, June 14, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) (“LGI Homes” or the “Company”) today announced that it has commenced a private offering (the “Offering”) of $300 million aggregate principal amount of unsecured Senior Notes due 2029 (the “Notes”) to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S.

NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.10 per share on shares of its common stock for the quarter ending June 30, 2021.

Launches Outdoor Growth Operations with Initial 2500 Hemp Plants

SAN DIEGO, CALIFORNIA, June 14, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc.

Gig Harbor, Washington, June 11, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the closing of its previously announced underwritten public offering (the “Offering”) of 1,200,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock and 4,140,000 warrants to each purchase one share of Common Stock at an exercise price of $5.00, including 540,000 warrants as a result of a partial exercise of the over-allotment option granted to the underwriter.

HOUSTON, June 11, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT’s (NYSE:WSR) (“Whitestone” or the “Company”) Board of Trustees has declared a monthly cash dividend of $0.035833 per share on the Company’s common shares and operating partnership units.

Gig Harbor, Washington, June 09, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI) ( “Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the pricing of its underwritten public offering (the “Offering”) of 1,200,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock.

DAYTONA BEACH, Fla., June 10, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the issuance and sale of an additional 420,000 shares of the Company’s common stock pursuant to the full exercise of the underwriters’ over-allotment option in connection with the Company’s previously announced offering of common stock.

UNIONDALE, N.Y., June 10, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced the closing of a $815 million commercial real estate mortgage loan securitization (the “Securitization”).