Real estate industry
At Nareit's REITweek: 2024 Investor Conference, Danny Prosky, president and CEO of American Healthcare REIT, Inc., attributed the company's significant organic same store earnings growth to favorable demographic trends driven by the aging baby boomer population. The company reported a 33.5% same store earnings growth
Real estate industry
The Employees Provident Fund Board, a Malaysia-based pension fund, has acquired an additional 729,700 units in Pavilion Real Estate Investment Trust (PREIT), increasing its stake in the company. The acquisition was made on June 6, 2024, and was disclosed to the Bursa Malaysia Stock Exchange on June 11, 2024.
Nursing homes
Target Healthcare REIT PLC has sold four of its UK care homes to the incumbent tenant for £44.5 million, representing a "modest premium" to the portfolio's carrying value at the end of 2023. The company plans to use the proceeds to repay its revolving credit
Real estate agents
The Indian real estate market is experiencing a significant surge in demand, prompting top players to ramp up their investments and expand their portfolios. Prestige Estates Projects, Sattva, Sobha, Brigade Enterprises, Suraj Estate Developers, and Hiranandani Group are among the leading players making significant announcements in this regard. These companies
Real estate industry
The Employees Provident Fund Board, a prominent Malaysian pension fund, has disclosed its increased stake in Pavilion Real Estate Investment Trust (PRIT) through CITIGROUP NOMINEES (TEMPATAN) SDN BHD. According to a recent filing with Bursa Malaysia Stock Exchange, the fund acquired 1,042,700 units and 932,700 units of
Real estate industry
MREIT Inc., the real estate investment trust of Andrew Tan's Megaworld Corp., is set to diversify its portfolio by including retail assets, in addition to its existing office sector focus. The decision aims to provide shareholders with exposure to the strong performance of the retail sector, enhancing the
Postal service
At Nareit's REITweek: 2024 Investor Conference, Andrew Spodek, CEO of Postal Realty Trust, highlighted both internal and external growth opportunities for the company. The company is well-positioned to take advantage of the vast market potential within its niche, with the U.S. Postal Service leasing around 25,000
Real estate industry
Redefine Properties Limited, a Real Estate Investment Trust approved by the Johannesburg Stock Exchange (JSE), has made notable announcements regarding its financial activities. The company has initiated a full capital redemption under its R30 billion Domestic Medium-Term Note Programme, which was launched on 20 July 2021. Notably, a principal amount
Real estate industry
Moishe Gubin, chairman and CEO of Strawberry Fields REIT, Inc., highlighted the company's strong financial footing in a recent video interview at Nareit's REITweek: 2024 Investor Conference. The REIT achieved consistent rent collection at 100%, with a focus on seasoned professionals and stringent criteria for tenant
Real estate
CenterCal Properties, a full-service commercial real estate company, continues to strengthen its senior executive team with the addition of three new team members: Erick Klafter, John Kim, and Bill Cluverius. This appointment comes as the company remains committed to fostering thriving communities and advancing its strategic goals. The new hires
Landlord-tenant relations
A recent decision by the Landlord and Tenant Board of Ontario highlights the complexities of rent payment arrears and eviction during the COVID-19 pandemic. Ph Phillips Property Management Inc, the landlord, sought to evict tenants Amy Helmer and Darren Warren due to unpaid rent from July 1, 2020 to February
Tenants
In a landmark decision, the Landlord and Tenant Board of Ontario ordered the eviction of Riyadh A. I. Alzeyydi from a rental unit in Toronto. The decision, rendered on March 22, 2021, was made after a video conference hearing where only the landlord's representative was present. The tenant
