Real Estate News

LXP Industrial Trust Announces Pricing of Cash Tender Offer for Up to $150,000,000 of Outstanding 6.750% Notes due 2028

WEST PALM BEACH, FL., Oct. 16, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE: LXP) (the “Company”), a real estate investment trust (REIT) focused on Class A warehouse and distribution real estate investments, announced today the consideration payable in connection with the previously announced tender offer (the “Offer”) to purchase for cash an amount of its 6.750% Notes due 2028 (the “Notes”) with an aggregate purchase price up to $150,000,000 (excluding accrued and unpaid interest, which also will be paid to, but excluding, the applicable settlement date and excluding fees and expenses related to the Offer) (the “Tender Cap”) as described in the table below.

Gyrodyne Announces Agreement with Star Equity Fund

Agrees to Board Size Reduction and Certain Director Compensation Limitations; Star Equity Withdraws Nominations

ST. JAMES, N.Y., Oct. 17, 2025 (GLOBE NEWSWIRE) -- Gyrodyne, LLC (Nasdaq: GYRO), an owner and manager of a diversified portfolio of real estate properties (“Gyrodyne”), today announced that it has entered into an agreement (the “Agreement”) with Star Equity Fund, LP (“Star Equity Fund”), under which Star Equity Fund has withdrawn its slate of nominees for election at the 2025 annual shareholders meeting, and Gyrodyne will reduce the size of its board from five to four directors, freeze director compensation and limit the aggregate fee paid to the Chairman to $65,000.

Southern Realty Trust Inc. and Tannenbaum Capital Group Provide Senior Loan Financing for CollectionSuites Projects in Florida

WEST PALM BEACH, Fla., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced that it has committed $11.0 million to a $36.6 million senior loan commitment originated by TCG Real Estate for the financing of the CollectionSuites, an industrial-for-sale development including two projects located in Doral and Palm Springs, Florida (together, “CollectionSuites” or the “Project”).

Sunrise Realty Trust, Inc. and Tannenbaum Capital Group Provide Senior Loan Financing for CollectionSuites Projects in Florida

WEST PALM BEACH, Fla., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”) (Nasdaq: SUNS), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced that it has committed $25.6 million to a $36.6 million senior loan commitment originated by TCG Real Estate for the financing of the CollectionSuites, an industrial-for-sale development including two projects located in Doral and Palm Springs, Florida (together, “CollectionSuites” or the “Project”).

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