Real estate industry
Melcor Developments, through an arrangement agreement, will acquire the remaining 45% unowned equity interest in Melcor REIT Limited Partnership for $4.95 per unit, totaling approximately 13.0 million units. This acquisition is expected to close in the fourth quarter of this year, subject to customary closing conditions. The REIT
Financial services
The Real Brokerage Inc. has welcomed the high-performing RealD2D Team, led by Duane Richins, a top-producing agent and coach, to its ranks. Richins has brought 40 agents from 13 states to the company, solidifying the RealD2D Team's position as a key player in the real estate market. With
Real estate industry
The National Association of Real Estate Investment Trusts (NAREIT) has released its annual update of REIT property counts and estimated gross asset values by state and property sector. As of the end of 2023, U.S. public REITs owned an estimated 580,000 properties, a 1% increase from the previous
Real estate industry
Apple Hospitality REIT, Inc. declared a regular monthly cash distribution of $0.08 per common share, which represents an annual yield of approximately 6.6% based on the Company's common stock closing price of $14.46 on September 18, 2024. The distribution is payable on October 15, 2024,
Real estate industry
Granite Real Estate Investment Trust has declared a distribution of CDN $0.275 per stapled unit for the month of September 2024. This distribution will be paid on October 15, 2024, to stapled unitholders of record at the close of trading on September 27, 2024. The trust confirms that no
Real estate industry
Northwest Healthcare Properties Real Estate Investment Trust, a leading owner and operator of healthcare real estate infrastructure, has announced a distribution of $0.03 per unit for the month of September 2024. This represents an annualized rate of $0.36 per unit. The distribution will be payable on October 15,
Real estate industry
With over 30 years of experience in the real estate arena, HCBS Developments has emerged as one of the top developers in Gurugram's realty landscape. The company operates across various segments, including residential, commercial, independent floors, and IT & ITES units, with a focus on strategic location selection,
Real estate industry
KIP Real Estate Investment Trust has announced proposals for an acquisition, placement, and placement to Dato' Ong Kook Liong and persons connected, a significant development in the company's operations. The trust has shared detailed information with Bursa Malaysia Stock Exchange regarding the proposed transactions, outlining key terms
Real estate
Doorvest, a full-service real estate investing platform, has acquired Getaway, a PropTech company that helps real estate investors find and finance investment properties. The acquisition enables Doorvest to offer customers a true end-to-end experience, with the launch of Getaway's financing products, creating a vertically-integrated platform for sourcing, financing,
Real estate
Doorvest, a full-service real estate investing platform, has acquired Getaway, a PropTech company that helps real estate investors find and finance investment properties. The acquisition enables Doorvest to offer customers a true end-to-end experience with the launch of Getaway's financing products. The combined forces of Doorvest and Getaway
Real estate industry
Stor-Age Property REIT Limited, a prominent real estate investment trust in South Africa, has disclosed significant share vesting for top executives and a notable sale by one of its directors. Three senior executives, including CEO G M Lucas, Financial Director S C Lucas, and Executive Director S J Horton, received
Real estate industry
The Employees Provident Fund Board (EPF), a Malaysian government-linked pension fund, has made significant changes to its shareholdings in AXIS Real Estate Investment Trust (REIT). As of 03 September 2024, EPF acquired 303,300 units, while disposing of 269,700 units in the same company. This move has resulted in
