Real estate industry
Valor Estate, a listed real estate firm formerly known as DB Realty, is set to launch three to four projects in the ongoing fiscal year, catering to the residential, commercial, and hospitality segments across the Mumbai Metropolitan Region (MMR). These projects will offer a range of apartment configurations, from 1BHK
Real estate industry
NewRiver REIT PLC, a London-based real estate investment trust, has announced a stable opening quarter, marked by continued pursuit of acquisitions to expand its portfolio of assets. The company's financial first quarter, which ended on June 30, saw stable year-on-year occupancy at 97%, while leasing transactions exceeded estimated
Real estate industry
Valor Estate, a listed real estate firm, is planning to launch three to four projects in the ongoing fiscal year, catering to various segments including residential, commercial, and hospitality. The company will focus on apartments with 1BHK to 4BHK configurations in the price range of Rs.1 to Rs.5
Real estate industry
UPDC Real Estate Investment Trust Plc has reported robust financial results for the first half of 2024, driven by a significant increase in total revenue and profit after tax. The company's revenue surged by 67.79% to £1.59 billion, while its profit after tax rose by 83.
Real estate industry
The major asset classes, excluding commodities, experienced a strong rally in July, with US real estate investment trusts (REITs) and foreign property shares leading the charge. The Vanguard Real Estate ETF (VNQ) surged 7.9%, marking its third consecutive monthly advance. Global property shares, as represented by the Vanguard Global
Real estate
ACRES Commercial Realty Corp., a real estate investment trust focused on commercial real estate mortgage loans and equity investments, reported a GAAP net income of $1.7 million for the quarter ended June 30, 2024. The company's president and CEO, Mark Fogel, highlighted the team's skill
Real estate industry
Nexus Select Trust, a leading real estate investment trust (REIT) in India, is aggressively expanding its retail portfolio through an inorganic growth strategy, which includes acquiring five more retail properties in the country. The trust, backed by US-based private equity major Blackstone, has signed term sheets to acquire two retail
Real estate industry
Peakstone Realty Trust has successfully closed an amended and extended $907 million unsecured credit facility, demonstrating the strength of its balance sheet and high-quality portfolio. The amended facility features a $547 million revolving credit line with an extended maturity date of July 2028, a $210 million term loan with the
Commercial real estate
Peakstone Realty Trust, a real estate investment trust, has successfully closed an amended and extended $907 million unsecured credit facility. The new facility, led by KeyBank, National Association, BofA Securities, Inc., and other top-tier banks, underscores the strength of the company's balance sheet and high-quality portfolio. With a
Loans
Invesco Commercial Real Estate Finance Trust, Inc. (INCREF) has closed six loan transactions, bringing its aggregate loan originations to 22 loans, totaling $1.4 billion in committed capital. The portfolio includes 17 multifamily and five industrial loans, all secured by commercial real estate. This milestone marks an important achievement for
Real estate industry
Silver Star Properties REIT, Inc. ("Silver Star" or the "Company") has successfully closed its fourth self-storage property acquisition, a 907 unit, 81,370 square feet Class A facility located in Delray Beach, Florida. This strategic move is part of the Company's repositioning efforts into
Real estate industry
Primary Health Properties PLC (PHP) has released its unaudited interim results for the six months ended June 30, 2024. The report reveals mixed financial performances, with slight increases in net rental income and dividends, but significant drops in earnings per share. Despite the fluctuations, the company's investment property
