ORINDA, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) is pleased to announce the successful refinancing of the Main Street West property in Napa, CA. The refinancing was completed with EverTrust Bank for approximately $9.5 million, a term for 3 years with a current interest rate of 7.5% (Prime).   The Main Street West property is 40,000 square feet with retail and professional suites located at 1250 Main Street in downtown Napa. Robert ...

Flagstar Financial (FLG) 2025 Conference June 11, 2025 12:15 PM ET Speaker0 Great. Up next, we have Flagstar Financial. I'll read our disclosures. For important disclosures, please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. The taking of photographs and the use of recording devices is not allowed. If you have any questions, please reach out to your Morgan Stanley sales representative. And we are delighted to have with us today Lee Smith, Chief Financial Offi ...

I want to start with the fact that we are in Los Angeles and there has been a lot of discussion about the protests and some of the military presence. And there's a real question as investors, how much some of these types of political backdrops and social backdrops affect where you invest. And Tim, I'm curious to what degree it really is affecting the flow of investment.I think the primary driver, if you just want to look at Los Angeles of investment here, is, you know, where the economies are very active. R ...

Student teams apply ARGUS software to tackle complex CRE investment cases; IREBS International Real Estate Business School at University of Regensburg secures first placeTORONTO, June 09, 2025 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group”) (TSX: AIF), a leading provider of commercial real estate (“CRE”) intelligence, today announced the winners of its 16th annual ARGUS University Challenge – a milestone that reflects both the longevity of the program and Altus Group’s continued leadership in the CR ...

Asia Pacific Equity Research 30 May 2025 Hong Kong Banks What if HIBOR stays weaker for longer? HIBOR continues to trend down, but HK banks share prices have remained resilient. We now believe that HIBOR may stay below trend and the HIBOR- SOFR gap may be out of the normal ranges for months instead of weeks. We have refined our previously-published NII sensitivity analysis (link) to show potential earnings and shareholders' return downside if HIBOR rates from June to Dec stay at an average of 2.6%/2.0%/0.6% ...

BrightSpire Capital (BRSP) 2025 Conference June 03, 2025 08:45 AM ET Speaker0 Hey, good morning. Thanks for being here for the one of the first firesides of NAREIT. I'm Randy Binner. I'm a sell side equity analyst for B. Riley Securities and cover Brightspire. With me here is CEO Mike Mazze, CEO Andy Witt and CFO Frank Saracino from Brightspire. Just want to take a little bit of time for Mike and team to provide a brief overview of the company. It's a really interesting story coming out of Colony Credit and ...

Core Insights - Southern Realty Trust Inc. ("SRT") has expanded its senior secured revolving credit facility by adding EverBank, N.A., increasing total committed capital to $100 million, with the potential to expand to $200 million [1][2][3] Company Overview - SRT was established in 2023 to originate commercial real estate (CRE) debt investments in the Southern U.S., targeting high-quality borrowers and sponsors with transitional business plans [4] - The company aims to create a diversified investment portfolio, focusing on first mortgages, B-notes, mezzanine loans, and debt-like preferred securities across various CRE asset classes [4] Industry Context - TCG Real Estate consists of affiliated CRE-focused debt funds, including SRT, which provide flexible financing for transitional CRE properties with near-term value creation potential [5] - The Southern U.S. markets are highlighted as benefiting from economic tailwinds and growth potential, making them attractive for CRE investments [5]

WEST PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”) (Nasdaq: SUNS), a lender on the TCG Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the “Credit Facility”) with the addition of EverBank, N.A. (“EverBank”). EverBank has committed $50 million to the facility, bringing total committed capital to $140 million. The Credit Facility, originally established with East West Bancorp, Inc. (“East West Bank”) ...

Investment Ratings - CBRE Group, Inc: Overweight; Price Target: $143.00 [16] - Colliers International Group Inc.: Neutral; Price Target: $137.00 [21] - Cushman & Wakefield: Neutral; Price Target: $13.00 [25] - Jones Lang LaSalle Inc: Overweight; Price Target: $285.00 [29] Core Insights - The report indicates an overall positive outlook for the commercial real estate (CRE) services sector, with revenue forecasts for 2025 showing an average increase of 3%, leading to a projected 9% year-over-year growth [1] - The earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates have been revised upward by 4%, indicating a 12% year-over-year growth, while earnings per share (EPS) estimates have increased by 7%, reflecting a 19% year-over-year growth [1] - The report highlights that the estimates have fluctuated over the past six months due to various macroeconomic factors, but recent strong earnings results have led to a renewed optimism in the sector [2][3] Company Summaries CBRE Group, Inc - CBRE is recognized as the largest global provider of CRE services, with a strong track record in capital allocation and organic growth [16] - The company is expected to achieve a compelling earnings growth of 19% in 2025, outperforming asset-heavy landlords and the broader equity market [4] - CBRE's valuation is attractive, trading at 19.8x 2025 EPS, which is below the S&P 500 average of 22.2x [5][17] Colliers International Group Inc. (CIGI) - CIGI is the third largest global CRE services platform, with a brokerage incremental margin of approximately 20%, which is lower than its peers [21] - The company has been actively acquiring businesses, averaging over $300 million per year, and is investing in investment management and engineering acquisitions [21] - CIGI trades at 18.8x 2025 EPS, slightly below CBRE but above CWK [22] Cushman & Wakefield (CWK) - CWK is positioned to benefit from the institutionalization of real estate investing, although it faces challenges due to its higher leverage [25] - The company is expected to improve margins as it scales, but specific risks remain that could impact its performance [25] - CWK trades at a low valuation of 8.4x 2025 EPS, indicating potential upside if it can manage its leverage effectively [26] Jones Lang LaSalle Inc. (JLL) - JLL is the second largest commercial real estate services platform globally, with a competitive EBITDA margin of 14.8% [29] - The company is well-positioned for growth, particularly with expectations of a rebound in capital markets [29] - JLL trades at 12.9x 2025 EPS, which is attractive compared to its peers, and maintains a price target of $285.00 [30][31]

Comprehensive overview of national transaction activity by volume, price, size, and sector U.S. commercial real estate transactions remained muted in Q1 2025 NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of commercial real estate (“CRE”) intelligence, today released its CRE Investment & Transactions Quarterly Report, covering U.S. transaction activity for Q1 2025. In Q1 2025, the U.S. commercial real estate market recorded $69.3 billion in dol ...