Tag: REIT

Griffin Capital Essential Asset REIT Engages Robert A. Stanger & Co. to Review Strategic Alternatives

EL SEGUNDO, Calif., Sept. 13, 2016 (GLOBE NEWSWIRE) — A special committee consisting of the nominating and corporate governance committee of the board of directors (the “Committee”) of Griffin Capital Essential Asset REIT, Inc. (“GCEAR”) announced today that it engaged Robert A. Stanger & Co., Inc. as a financial advisor to assist GCEAR in exploring…

Orchid Island Capital Announces September 2016 Monthly Dividend and August 31, 2016 RMBS Portfolio Characteristics

September 2016 Monthly Dividend of $0.14 Per Share RMBS Portfolio Characteristics as of August 31, 2016 VERO BEACH, Fla., Sept. 12, 2016 (GLOBE NEWSWIRE) — Orchid Island Capital, Inc. (the “Company”) (NYSE:ORC) announced today that the Board of Directors declared a monthly cash dividend for the month of September 2016. The dividend of $0.14 per…

Sprott Asset Management LP Announces Proposed Mergers and Related Investment Strategy Change, Name Changes and Sub-Advisor Change

TORONTO, Sept. 09, 2016 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott”) announced today that it proposes to merge (each a “Merger” and collectively, the “Mergers”) Sprott Timber Fund and Sprott Global Agriculture Fund into Sprott Global REIT & Property Equity Fund and Sprott Tactical Balanced Fund and Sprott Tactical Balanced Class into Sprott Real…

Potlatch Board Declares Distribution on Common Stock

SPOKANE, Wash., Sept. 09, 2016 (GLOBE NEWSWIRE) — The board of directors of Potlatch Corporation (NASDAQ:PCH) has declared a quarterly distribution on the Company’s common stock. The distribution of $0.375 per share is payable September 30, 2016 to stockholders of record on September 20, 2016.   ABOUT POTLATCH Potlatch is a Real Estate Investment Trust…

Condor Hospitality Trust Announces Sale of Non-Core Legacy Hotel

BETHESDA, Md., Sept. 09, 2016 (GLOBE NEWSWIRE) — Condor Hospitality Trust, Inc. (NASDAQ:CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, today announced the closing on the sale of a legacy asset, the 54-room Super 8 located at 1000 Grand Avenue, Mount Pleasant, IA for $1.85 million.  The…

Griffin Capital Essential Asset REIT Reports Second Quarter 2016 Results

EL SEGUNDO, Calif., Sept. 08, 2016 (GLOBE NEWSWIRE) — Griffin Capital Essential Asset REIT, Inc. (the “REIT”) announced its operating results for the second quarter 2016.  As of June 30, 2016, the REIT’s portfolio consisted of 76(1) assets encompassing approximately 18.9 million(1) square feet of space in 20 states with a total acquisition value of…

Griffin Capital Essential Asset REIT II Reports Second Quarter of 2016 Results

EL SEGUNDO, Calif., Sept. 08, 2016 (GLOBE NEWSWIRE) — Griffin Capital Essential Asset REIT II, Inc. announced its operating results for the second quarter of 2016.  As of June 30, 2016, our portfolio consisted of 18 properties (25 buildings) encompassing approximately 3.9 million square feet of space in 12 states with a total acquisition value…

Prospect Capital Reports $1.04 of Net Investment Income per Share in 2016 Fiscal Year and $0.26 of Net Investment Income per Share in June 2016 Quarter, Exceeding Dividends per Share in Both Periods

NEW YORK, Aug. 29, 2016 (GLOBE NEWSWIRE) — Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal year and fourth fiscal quarter ended June 30, 2016. For the year ended June 30, 2016, our net investment income (“NII”) was $371.1 million or $1.04 per weighted average share. For the…

CCA Provides Update on Customer Interactions in Response to DOJ Announcement

NASHVILLE, Tenn., Aug. 29, 2016 (GLOBE NEWSWIRE) — On August 19, 2016, Corrections Corporation of America (NYSE:CXW) (the “Company” or “CCA”), America’s largest owner of partnership correctional, detention, and reentry facilities, issued a press release responding to the Federal Bureau of Prisons’ (“BOP”) decision to amend the Criminal Alien Requirement XVI (“CAR 16”) solicitation and…

American Healthcare Investors Negotiates Credit Facility of up to $200 Million on Behalf of Griffin-American Healthcare REIT IV

IRVINE, Calif., Aug. 26, 2016 (GLOBE NEWSWIRE) — American Healthcare Investors, LLC and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT and certain of its subsidiaries have entered into a revolving credit facility totaling $100 million with Merrill Lynch, Pierce, Fenner & Smith Incorporated and KeyBanc Capital…

U.S. Commercial Real Estate Benefits From Brexit Vote, New Global Classification Sector

HOUSTON, Aug. 25, 2016 (GLOBE NEWSWIRE) — The impact of Brexit will be long and protracted, which will likely result in increased volatility in the capital markets, according to the latest edition of “the BRIEFING,” a Transwestern report that covers the global economy and commercial real estate. In the short term, the impact has been…

Sotherly Hotels Inc. Announces Closing of Upsized Offering of Series B Cumulative Redeemable Perpetual Preferred Stock

WILLIAMSBURG, Va., Aug. 23, 2016 (GLOBE NEWSWIRE) — Sotherly Hotels Inc. (NASDAQ:SOHO) (the “Company”) today announced it has closed its upsized underwritten public offering of 1,610,000 shares of its 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) for net proceeds of approximately $38,125,000 after deducting estimated offering-related expenses. The Company has…

CCA Responds to the Department of Justice's Decision to Reduce Reliance on Privately Operated Prisons and Announces Investor and Analyst Conference Call

NASHVILLE, Tenn., Aug. 19, 2016 (GLOBE NEWSWIRE) — Corrections Corporation of America (NYSE:CXW) (the “Company” or “CCA”), America’s largest owner of partnership correctional, detention, and reentry facilities, responded today to the Federal Bureau of Prisons’ (“BOP”) decision to amend the Criminal Alien Requirement XVI (“CAR 16”) solicitation by reducing the previously announced 10,800 contract beds…

Griffin-American Healthcare REIT III Reports Second Quarter 2016 Results

Acquisitions of $178.6 million completed in 2nd quarter; portfolio currently at $2.7 billion1 IRVINE, Calif., Aug. 17, 2016 (GLOBE NEWSWIRE) — Griffin-American Healthcare REIT III, Inc. today announced operating results for the company’s second quarter ended June 30, 2016. “Griffin-American Healthcare REIT III completed the acquisition of nearly $180 million of properties during the second…

Sotherly Hotels Inc. Announces Pricing of Upsized Offering of Series B Cumulative Redeemable Perpetual Preferred Stock

WILLIAMSBURG, Va., Aug. 16, 2016 (GLOBE NEWSWIRE) — Sotherly Hotels Inc. (NASDAQ:SOHO) (the “Company”) today announced the pricing of its upsized underwritten public offering of 1,610,000 shares of its 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) for total expected gross proceeds of approximately $40,250,000 before expenses. The Company has granted…

Sotherly Hotels Inc. Announces Launch of Offering of Series B Cumulative Redeemable Perpetual Preferred Stock

WILLIAMSBURG, Va., Aug. 15, 2016 (GLOBE NEWSWIRE) — Sotherly Hotels Inc. (NASDAQ:SOHO) (the “Company”) today announced that it has commenced an underwritten public offering of shares of its Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”). The Company expects to grant to the underwriters a 30-day option to purchase up to an…

Whitestone REIT’s Sunset at Pinnacle Peak Property Drives Occupancy to 96% from 66% with “Internet-Resistant” Tenants; Property Net Operating Income Increases 43%  

HOUSTON, Aug. 15, 2016 (GLOBE NEWSWIRE) — Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that the transformation and repositioning of its Sunset at Pinnacle Peak property in North Scottsdale has substantially increased the occupancy to 96% from 66% at the time the property was acquired in May 2012.  Over the same period, net…

Dividend Capital Diversified Property Fund Provides Second Quarter 2016 Portfolio Update

1.44% total shareholder return for the quarter; 4.9% total shareholder return for the last twelve months1 Acquired Suniland Shopping Center, a retail center in South Florida comprising approximately 82,000 square feet, for $67 million Repaid approximately $79 million of secured borrowings with a weighted average interest rate of approximately 6.0%; subsequent to quarter end repaid…

Spirit Realty Capital Prices Private Offering of Senior Unsecured Notes

DALLAS, Aug. 11, 2016 (GLOBE NEWSWIRE) — Spirit Realty Capital, Inc. (NYSE:SRC) (“Spirit” or the “Company”), a net lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today announced that its operating partnership, Spirit Realty, L.P. (the “operating partnership”), has priced its previously announced private offering of $300.0 million aggregate…

Communications Sales & Leasing, Inc. Reports 2016 Second Quarter Financial Results

Revenues of $188.6 million for the quarter Net loss of $0.02 per diluted common share AFFO per diluted common share of $0.66 for the quarter Closed acquisition of PEG Bandwidth Announced expected acquisition of Tower Cloud Completed disposition of Windstream’s retained stake LITTLE ROCK, Ark., Aug. 11, 2016 (GLOBE NEWSWIRE) — Communications Sales & Leasing,…

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