Real Estate News – Page 684

United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Hostile Tender Offer

GRAPEVINE, Texas, Dec. 17, 2020 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) announced that it recommends Trust shareholders reject the unsolicited tender offer made by hedge fund NexPoint Strategic Opportunities Fund (the “Offeror”) to purchase all Trust common shares (the “Shares”) for $1.10 per share (the “Tender Offer”).

Whitestone REIT Ranks #1 with Strongest Property Foot Traffic Recovery in the US Publicly Traded Shopping Center Industry

HOUSTON, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Recently announced by S&P Global Market Intelligence (S&P) in a December 7th article, Whitestone REIT (NYSE: WSR) ranked first in year-over-year (“YOY”) recovery in Black Friday foot traffic.

WashREIT Completes the Sale of Two Office Properties for $106.5 Million

WASHINGTON, Dec. 17, 2020 (GLOBE NEWSWIRE) -- WashREIT (NYSE: WRE) announced that it has completed the sale of 1227 25th Street, NW and Monument II for a combined $106.5 million.

CareTrust REIT Announces Quarterly Dividend of $0.25 per Share; Strong Q4 Collections

SAN CLEMENTE, Calif., Dec. 17, 2020 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.25 per common share.

MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE COLUMBUS, OH MSA

Holmdel, New Jersey, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 487,900 square foot industrial building located at 8341 Industrial Parkway, Plain City, OH at a purchase price of $73.3 million.

LGI Homes Unveils an Innovative and Reimagined New Website

Experience our New LGIHomes.com

THE WOODLANDS, Texas, Dec. 18, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the launch of a reimagined and innovative website that enables our customers to find their perfect home in the perfect location.

Griffin Announces Fiscal 2020 Fourth Quarter Leasing and Update on Rent Collection

NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin” or the “Company”) announced the following updates on leasing and the impact of the COVID-19 pandemic on rent collections:

Leasing

Griffin reported the following for its industrial/warehouse portfolio for the three months ended November 30, 2020 (the “2020 fourth quarter”):

Number of Leases1Square FeetWeighted Avg.

Dart Appraisal Acquires Nationwide Appraisal Management Company USAMC

TROY, Mich., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Dart Appraisal, a nationwide appraisal management company (AMC), announced that it has acquired USAMC, a nationwide appraisal management company based near Atlanta, GA.

Whitestone Added 9,000 Square Feet of New Tenants at Shops of Starwood Increasing NOI by 16% at the Center and Capitalizing on the Supercharged Growth in Frisco, TX

HOUSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) continues to grow occupancy by drawing expanding businesses to its properties located in the high growth markets of Frisco, TX and other surrounding areas of Dallas.

Greystone Provides $25.9 Million in Fannie Mae DUS® Loans to Refinance Multifamily Properties in the San Francisco Bay Area

NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a total of $25.9 million in Fannie Mae Delegated Underwriting and Servicing (DUS®) Green Rewards loans to refinance two multifamily properties in the San Francisco Bay Area.