Nursing
Summit Healthcare REIT, a publicly registered non-traded real estate investment trust (REIT), has announced the sale of a portfolio of three skilled nursing facilities in San Bernardino County, California. The portfolio, consisting of 191 licensed beds, was sold for $30,000,000 to affiliates of the current operator of the
Real estate investment trusts
Benefit Street Partners L.L.C. (BSP) has announced the closing of a $265 million loan on a multifamily portfolio of 1,262 units across three properties in Saint John's County, Florida. The loan, provided in partnership with Electra Capital Advisors, features a floating-rate, cross-collateralized senior loan structure.
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
Nursing homes
CareTrust REIT, Inc. has expanded its portfolio with the acquisition of two skilled nursing facilities in separate transactions. The company invested approximately $62.1 million to acquire the facilities, which have a total of 259 licensed beds. The acquisitions were funded using cash on hand, and the company currently has
Real estate investment trusts
APOLLO Insurance, a Canadian digital insurance provider, has strengthened its partnership with Payquad Solutions to embed tenant insurance directly into Payquad's workflows, making it easier for renters to access tenant insurance. Payquad's property management platform now provides seamless access to tenant insurance, eliminating the need for
Federal Realty Investment Trust
Federal Realty Investment Trust will host its third quarter 2024 earnings conference call on Wednesday, October 30, 2024, at 5:00 PM ET. The call will cover the company's earnings for the third quarter of 2024 and will be available to listen via live webcast or by dialing
Real estate industry
The Employees Provident Fund Board has disclosed its change in substantial securities holder's interest in Pavilion Real Estate Investment Trust. On August 28, 2024, the Fund disposed of 287,700 units in the Trust through CITIGROUP NOMINEES (TEMPATAN) SDN BHD, its nominee. This transaction resulted in a decrease
Estate taxes
JLL Income Property Trust, a leading institutional real estate investment platform, has successfully completed the offering of JLLX Diversified IV, DST, a Delaware statutory trust designed to provide 1031 exchange investors with a tax-efficient opportunity to reinvest proceeds from the sale of appreciated real estate. The $120 million program, structured
Real estate investment trusts
Nexus Industrial REIT, a growth-oriented real estate investment trust, has declared two cash distributions for the months of September and October 2024. The September distribution of $0.05333 per unit, representing $0.64 per unit on an annualized basis, will be paid on October 15, 2024, to unitholders of record
Equity Residential Properties Trust
Equity Residential, a leading residential real estate company, provided an update on its same store operating trends, highlighting healthy demand and pricing for its apartment units. The company remains on track to meet its guidance range for same store revenue growth, with 2.0% to 3.0% Blended Rate growth
Real estate industry
Recent executive career moves, board changes, and other notable individual achievements within the REIT and publicly listed real estate market have been highlighted by the National Association of Real Estate Investment Trusts (NAREIT). Blackstone Real Estate Income Trust, Inc. (BREIT) announced that Wesley LePatner will become the new CEO as
