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  • TIER REIT Announces Commencement of Domain 11 Development

    Source: Business Wire
    Fri, 23 Jun 2017 07:00:00 EDT
    Project is 98% Pre-Leased to HomeAway DALLAS--(BUSINESS WIRE)-- TIER REIT, Inc. (NYSE: TIER) announced today it is commencing development of Domain 11, a LEED certified, 16-story office building located within The Domain, one of the nation’s premier live-work-play communities in northwest Austin, Texas. The landmark tower within Austin’s “second downtown” is 98% pre-leased to HomeAway®, the ...
  • Saul Centers Declares Quarterly Dividends

    Source: PR Newswire
    Thu, 22 Jun 2017 16:50:00 EDT
    BETHESDA, Md., June 22, 2017 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.51 per share on its common stock, to be paid July 31, 2017 to holders of record on July 17, 2017. The common dividend is consistent with the amount paid in the previous quarter, and represents a $0.04 (8.5%) increase over the amount paid in the prior year's comparable quarter. ...
  • UDR Declares Quarterly Dividend

    Source: Business Wire
    Thu, 22 Jun 2017 16:16:00 EDT
    DENVER--(BUSINESS WIRE)-- UDR, Inc. (NYSE:UDR), a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the second quarter of 2017 in the amount of $0.31 per share, payable in cash, on July 31, 2017 to UDR common stock shareholders of record as of July 10, 2017. The July 31st dividend will be ...
  • Summit Hotel Properties Completes $163 Million, 5-Hotel Portfolio Acquisition

    Source: PR Newswire
    Thu, 22 Jun 2017 06:58:00 EDT
    AUSTIN, Texas, June 22, 2017 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) ("Summit") today announced the completion of the 812-guestroom, 5-hotel portfolio acquisition from Xenia Hotels & Resorts, Inc. (NYSE: XHR) for a total purchase price of $163 million, or approximately $201,000 per key. The portfolio includes the 203-guestroom Courtyard Fort Worth Downtown/Blackstone, the ...
  • Vornado Completes $220 Million Financing of The Bartlett

    Source: Marketwired
    Wed, 21 Jun 2017 16:33:00 EDT
    NEW YORK, NY -- (Marketwired) -- 06/21/17 -- VORNADO REALTY TRUST (NYSE: VNO) announced today that it has completed a $220 million financing of The Bartlett, a 699 unit residential building with a 39,000 square foot Whole Foods Market at its base, located in Arlington, Virginia. The five-year interest-only loan is at LIBOR plus 1.70%, currently 2.90%, and matures in June 2022.As contemplated ...
  • Regency Centers Declares Quarterly Cash Dividend on Preferred Stock

    Source: Business Wire
    Fri, 02 Jun 2017 08:45:00 EDT
    JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Regency Centers Corporation (the “Company”) (NYSE: REG) announced today that its Board of Directors declared a quarterly cash dividend of $0.3750 per share on the Company’s Series 7 Preferred Stock (CUSIP: 758849806; NYSE: REGPrG), payable on June 30, 2017 to shareholders of record on June 14, 2017. About Regency Centers Corporation Regency is the ...
  • DiamondRock Announces Second Quarter Dividend of $0.125 Per Share

    Source: PR Newswire
    Fri, 02 Jun 2017 08:35:00 EDT
    BETHESDA, Md., June 2, 2017 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that its Board of Directors declared a quarterly dividend of $0.125 per share to stockholders of record as of June 30, 2017. The dividend will be paid on July 12, 2017. About the Company DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) ...
  • Carey Watermark Investors 2 Acquires the Charlotte Marriott City Center

    Source: PR Newswire
    Fri, 02 Jun 2017 07:30:00 EDT
    NEW YORK, June 2, 2017 /PRNewswire/ -- Carey Watermark Investors 2 Incorporated (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Charlotte Marriott City Center, located in Uptown, Charlotte's central business district (CBD). Key Facts Newly renovated, high-quality asset: Over $40 million ...
  • Douglas Emmett Declares Quarterly Cash Dividend

    Source: PR Newswire
    Thu, 01 Jun 2017 19:26:00 EDT
    SANTA MONICA, Calif., June 1, 2017 /PRNewswire/ -- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that its Board of Directors has declared a quarterly cash dividend on each share of its common stock of $0.23, or $0.92 on an annualized basis. The dividend will be paid on July 14, 2017 to shareholders of record as of June 30, 2017. About Douglas Emmett, ...
  • Alexander's Completes $500 Million Refinancing of 731 Lexington Avenue Office Condominium Realizing $188 Million of Net Proceeds

    Source: Marketwired
    Thu, 01 Jun 2017 19:17:00 EDT
    PARAMUS, NJ -- (Marketwired) -- 06/01/17 -- ALEXANDER'S, INC. (NYSE: ALX) announced today that it has completed a $500 million refinancing of the office portion of 731 Lexington Avenue. The interest-only loan is at LIBOR plus 0.90%, currently 1.95%, and matures in June 2024, as extended. The Company realized net proceeds of approximately $188 million after repaying the existing $300 million ...
  • Park Hotels & Resorts Inc. Announces Secondary Offering of 15,000,000 Shares of Common Stock

    Source: Business Wire
    Thu, 01 Jun 2017 16:46:00 EDT
    MCLEAN, Va.--(BUSINESS WIRE)-- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that certain selling stockholders (the “Selling Stockholders”) affiliated with The Blackstone Group L.P. have commenced a secondary offering of 15,000,000 shares of Park’s common stock. Park is not offering any shares of common stock in the offering and will not receive any proceeds ...
  • Summit Hotel Properties Completes Acquisition of Courtyard by Marriott Fort Lauderdale

    Source: PR Newswire
    Thu, 01 Jun 2017 16:40:00 EDT
    AUSTIN, Texas, June 1, 2017 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") announced today that on May 23, 2017, it completed the previously announced acquisition of the 261-guestroom Courtyard by Marriott Fort Lauderdale (the "Hotel"), which includes a 0.8 acre vacant land parcel and 6,200 square feet of high-quality retail space, for a total purchase price of $85.0 ...
  • PREIT Declares Quarterly Dividend for Common and Preferred Shares

    Source: PR Newswire
    Thu, 01 Jun 2017 16:30:00 EDT
    PHILADELPHIA, June 1, 2017 /PRNewswire/ -- Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced that its Board of Trustees has declared a quarterly cash dividend of $0.21 per common share. The dividend is payable on September 15, 2017 to common shareholders of record on September 1, 2017. The September 15th dividend payment will be the Company's 162nd consecutive distribution since ...
  • MAA Announces Regular Quarterly Preferred Dividend

    Source: PR Newswire
    Thu, 01 Jun 2017 16:20:00 EDT
    MEMPHIS, Tenn., June 1, 2017 /PRNewswire/ -- MAA (NYSE: MAA) today announced a full quarterly dividend of $1.0625 per outstanding share of its 8.50% Series I Cumulative Redeemable Preferred Stock. The dividend is payable on June 30, 2017 to shareholders of record on June 15, 2017. About MAAMAA is a self-administered real estate investment trust (REIT) and member of the S&P 500 index. MAA ...
  • Gladstone Land Acquires Farms in Arizona for $27.5 Million

    Source: GlobeNewswire
    Thu, 01 Jun 2017 16:17:00 EDT
    MCLEAN, Va., June 01, 2017 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (NASDAQ:LAND) (“Gladstone Land” or the “Company”) announced today that it has acquired four farms totaling 3,253 gross acres and 3,032 irrigated acres (a portion of which is organic) in southwestern Arizona for $27.5 million. Approximately 1,221 of the irrigated acres are subject to leases with the State of Arizona. Upon ...
  • Easterly Government Properties Completes $175 Million Private Placement of Senior Unsecured Notes

    Source: Business Wire
    Wed, 31 May 2017 09:00:00 EDT
    WASHINGTON--(BUSINESS WIRE)-- Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, announced today that it has completed a private placement of $175 million principal amount of fixed rate ...
  • Taubman Reminds Shareholders of the June 1st Annual Meeting Date

    Source: Business Wire
    Wed, 31 May 2017 09:00:00 EDT
    Urges Shareholders to Vote “FOR” Taubman Centers’ Highly Qualified Director Nominees on the WHITE Proxy Card Today BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- Taubman Centers, Inc. (NYSE: TCO) (the “Company”) urges shareholders to vote “FOR” all three of the Company’s experienced and highly qualified director nominees on the WHITE proxy card TODAY. Shareholders can vote online or by telephone ...
  • CyrusOne Forms Strategic Alliance with CSRA to Modernize Federal IT Systems

    Source: Business Wire
    Wed, 31 May 2017 08:00:00 EDT
    Partnership provides CSRA’s government customers with CyrusOne’s state-of-the-art data center space and power DALLAS--(BUSINESS WIRE)-- CyrusOne (NASDAQ: CONE), a premier global data center Real Estate Investment Trust (REIT), announced today it has established a strategic alliance with CSRA, a leading provider of IT solutions for government agencies and programs. As part of the alliance ...
  • Home BancShares Set to Join S&P MidCap 400 and Chatham Lodging Trust to Join S&P SmallCap 600

    Source: PR Newswire
    Tue, 30 May 2017 17:59:00 EDT
    NEW YORK, May 30, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent Home BancShares Inc. (NASD: HOMB) will replace Valspar Corp. (NYSE: VAL) in the S&P MidCap 400, and Chatham Lodging Trust (NYSE: CLDT) will replace Home BancShares in the S&P SmallCap 600 effective prior to the open on Friday, June 2. S&P 500 constituent The Sherwin-Williams Co. (NYSE: SHW) is acquiring Valspar in a deal ...
  • EastGroup Properties Announces Recent Business Activity

    Source: PR Newswire
    Tue, 30 May 2017 17:09:00 EDT
    JACKSON, Miss., May 30, 2017 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) announced today its recent business activity. PERSONNEL Two new executive officers recently joined the Company to serve as Senior Vice Presidents over the Texas and Western regions, both of whom assumed their new positions in late May. Reid Dunbar, formerly a Senior Vice President with Prologis, assumed the role of ...
  • MVP REIT and MVP REIT II Announce Definitive Merger Agreement

    Source: PR Newswire
    Tue, 30 May 2017 17:00:00 EDT
    LAS VEGAS, May 30, 2017 /PRNewswire/ -- MVP REIT, Inc. and MVP REIT II, Inc. announced today that they have entered into a definitive merger agreement, pursuant to which MVP I will merge with and into a wholly-owned merger subsidiary of MVP II with the merger subsidiary continuing as the surviving entity. The merger agreement was negotiated on behalf of MVP I by an independent special ...
  • Hines and Cousins Sign Lease With Crown Castle at 8000 Avalon in Atlanta, Georgia

    Source: PR Newswire
    Tue, 30 May 2017 16:30:00 EDT
    ATLANTA, May 30, 2017 /PRNewswire/ -- Hines, the international real estate firm, and Cousins Properties (NYSE: CUZ), the Atlanta-based REIT, announced today that Crown Castle, the nation's largest provider of shared wireless infrastructure, has signed a 55,622 square-foot lease at 8000 Avalon, a 224,000 square foot Class A office development in Atlanta, GA. "We are excited to have Crown Castle ...
  • One Liberty Properties Increases Industrial Property Ownership With An $8.7 Million Acquisition

    Source: Marketwired
    Tue, 30 May 2017 16:15:00 EDT
    GREAT NECK, NY -- (Marketwired) -- 05/30/17 -- One Liberty Properties, Inc. (NYSE: OLP), announced that it acquired a 78,319 square foot light manufacturing and distribution property on 18.58 acres located in the Huntersville suburb of Charlotte, North Carolina for $8.7 million, including $5.2 million of mortgage debt obtained in connection with the acquisition. The mortgage debt matures in ...
  • Apollo Commercial Real Estate Finance, Inc. Announces Public Offering of Common Stock

    Source: Business Wire
    Tue, 30 May 2017 16:08:00 EDT
    NEW YORK--(BUSINESS WIRE)-- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Company has commenced an underwritten public offering of 12,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 1,800,000 additional shares of common stock. ARI intends to use all or a portion of the net proceeds from ...
  • Extra Space Storage Inc. Celebrates 40 years in the Storage Industry

    Source: PR Newswire
    Tue, 30 May 2017 16:01:00 EDT
    SALT LAKE CITY, May 30, 2017 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) is celebrating its 40th anniversary in the storage industry. Founder, Ken Woolley, constructed his first property in Billings, MT in May of 1977 after becoming interested in the business through a research project as a graduate student at Stanford University. Since that time, the company has gone ...
  • Broadstone Net Lease Acquires 25 Bob Evans Restaurant Properties for $48.9 Million

    Source: GlobeNewswire
    Tue, 30 May 2017 14:45:00 EDT
    ROCHESTER, N.Y., May 30, 2017 (GLOBE NEWSWIRE) -- Broadstone Net Lease, Inc. (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), continues to grow its national portfolio of triple-net leased commercial properties. Today, BNL announced the sale leaseback acquisition of a portfolio of 25 Bob Evans Restaurant locations in eight states, for a ...

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