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Crown Realty Partners Acquires Two Class-A Assets in Burlington
GlobeNewswire News Room· 2025-06-18 12:30
Core Insights - Crown Realty Partners has acquired two Class A office properties, 1111 & 1122 International Boulevard, totaling 271,571 square feet on 12.8 acres in Burlington, Ontario [1] - The properties are strategically located alongside the QEW and near Appleby GO Station, offering a premier suburban office experience with 87% occupancy by national and multinational financial services tenants [2][3] - This acquisition is part of Crown's strategy to invest in well-located, well-built assets, supported by a $260 million fund focused on active leasing and operational excellence [3] Company Overview - Crown Realty Partners is an integrated commercial real estate investment and management firm with a focus on value-add opportunities in Ontario, managing over 10 million square feet of real assets [4] - The firm has a strong track record and an experienced team, emphasizing a hands-on approach to deliver superior returns for investors and enhance workplace environments for tenants [4]
备受瞩目的锦上万象府首开均价65600元/㎡,比之前板块限价涨19100元/㎡
Sou Hu Cai Jing· 2025-06-18 05:26
Core Viewpoint - The launch of the Jinshang Wanxiangfu project in Hangzhou marks a significant price increase, with an average opening price of 65,600 yuan per square meter, representing a 41.1% increase from the previous price limit of 46,500 yuan per square meter [1][3][5]. Group 1: Project Overview - Jinshang Wanxiangfu is the first unrestricted price residential project in the Chengdong New City area, attracting considerable market attention since its land acquisition in November last year [1][3]. - The project consists of four high-rise buildings and two stacked villas, with unit sizes ranging from 183 to 251 square meters [3][5]. - The opening includes 63 high-rise units, with the lowest total price at 8.66 million yuan for a 185 square meter unit and the highest at 31.08 million yuan for a 354 square meter penthouse [3][5]. Group 2: Market Context - The previous price limit for residential properties in the Anqier area was set at 46,500 yuan per square meter, with two limited-price projects launched last year that were well-received by buyers [5]. - The pricing strategy for Jinshang Wanxiangfu is influenced by surrounding second-hand properties, which have an average price range of 60,000 to 80,000 yuan per square meter [5]. - The project features high-quality finishes and materials, aiming to enhance its market appeal and justify the higher price point [5][7]. Group 3: Future Market Trends - Following the launch of Jinshang Wanxiangfu, several other high-end projects are expected to enter the market, potentially pushing property prices higher in the region [7][8]. - Upcoming projects such as Aoying Mingcuifu and other "land king" developments are anticipated to have opening prices ranging from 85,000 to 120,000 yuan per square meter, indicating a trend of increasing property values in Hangzhou [8].
How to buy a home: Cleaning up your credit, saving for a down payment, getting a mortgage
Yahoo Finance· 2025-06-17 23:46
Shark Tank's Barbara Corcoran and other experts discuss tips to help you become a homeowner. From saving for a down payment, cleaning up your credit, the best time to buy, and figuring out how much you can afford. You won't want to miss this, future homeowner. 00:00 How much can you afford, Ross Mac 02:58 Barbara Corcoran, state of the housing market, picking a home 08:08 Cleaning up your credit, Rulon Washington, Wells Fargo 12:13 Saving for a down payment, Debt Free Guys 17:56 Using cash gifts as a down p ...
Brandywine Realty Trust Prices $150 Million of 8.875% Guaranteed Notes Due 2029 With a Re-Offer Yield of 7.039%
Globenewswire· 2025-06-17 22:02
Core Viewpoint - Brandywine Realty Trust announced a public offering of $150 million in 8.875% guaranteed notes due 2029, with interest payments starting on October 12, 2025 [1][2]. Offering Details - The notes are priced at 106.000% of their principal amount, yielding 7.039% upon re-offer [2]. - The offering is expected to close on June 27, 2025, subject to customary closing conditions [2]. Use of Proceeds - The net proceeds from the offering are anticipated to be approximately $148 million, which will be used to repay outstanding borrowings under a $600 million unsecured revolving credit facility, fund a partial repayment of secured debt, and for general corporate purposes [3]. Company Overview - Brandywine Realty Trust is a major publicly traded real estate investment trust (REIT) focused on the Philadelphia and Austin markets, managing a portfolio of 125 properties totaling 19.4 million square feet as of March 31, 2025 [7].
Digital Realty Announces Pricing of €850 million of Guaranteed Notes due 2034
Prnewswire· 2025-06-17 20:10
Core Viewpoint - Digital Realty, the largest global provider of cloud- and carrier-neutral data center solutions, announced the pricing of €850 million in 3.875% Guaranteed Notes due 2034, indicating a strong capital raising effort to support its operational and growth strategies [1][2]. Group 1: Offering Details - The offering consists of €850 million aggregate principal amount of 3.875% Guaranteed Notes, priced at 99.137% of the principal amount [1]. - The Euro Notes will be senior unsecured obligations and fully guaranteed by Digital Realty and its operating partnership, with interest payable annually at a rate of 3.875% starting June 25, 2025, maturing on July 15, 2034 [2]. - The closing of the offering is expected on June 25, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the Euro Notes will be used to temporarily repay borrowings under the operating partnership's global revolving credit facilities, acquire additional properties or businesses, and fund development opportunities [3]. - Additional uses include investing in interest-bearing accounts and short-term securities, working capital, and potentially repaying other debt or redeeming outstanding equity or debt securities [3]. Group 3: Regulatory and Compliance Information - The Euro Notes are being sold only outside the United States under Regulation S of the U.S. Securities Act, and they have not been registered under the Securities Act [4]. - The offering is not intended for retail investors in the European Economic Area (EEA) or the United Kingdom, ensuring compliance with local regulations [7][10].
YouTube Star Kyler Ferris Brings $164M Team to eXp Realty, Launches First-of-Its-Kind Video-Powered Mega Team in Houston
GlobeNewswire News Room· 2025-06-17 16:00
Kyler Ferris, founder of Ferris Realty, reunites with eXp Realty, bringing a 45-agent team and partnering with Joe Rodriguez to create a mega Houston YouTube presence BELLINGHAM, Wash., June 17, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that Kyler Ferris, founder of Ferris Realty in Conroe, Texas, has rejoined eXp Realty, bringing a powerhouse 45-agent team and $164 ...
Whitestone REIT Acquires 5000 South Hulen in Fort Worth, Texas
Globenewswire· 2025-06-17 11:00
Core Viewpoint - Whitestone REIT has acquired a high-volume shopping center, 5000 South Hulen, in Fort Worth, Texas, positioning itself to benefit from strong neighborhood dynamics and upcoming developments in the area [1][2]. Company Overview - Whitestone REIT is a neighborhood-focused real estate investment trust (REIT) that operates open-air shopping centers primarily in Texas and Arizona [7]. - The company emphasizes community connections and tenant relationships as key components of its acquisition strategy and operational success [8]. Acquisition Details - The newly acquired shopping center spans 86,907 square feet and is strategically located near Hulen Mall, the most visited mall within a 30-mile radius [1][5]. - The center is situated between two major thoroughfares, I-20 and Hulen Street, which collectively attract over 182,000 vehicles daily [5]. - The surrounding area has a population of over 300,000 residents within a 5-mile radius, with an average household income of $113,520, resulting in approximately $14 billion in spending power [5]. Strategic Implications - The acquisition marks Whitestone's 29th asset in Texas and its 10th in the Dallas-Fort Worth metroplex, reinforcing its presence in one of the fastest-growing states in the U.S. [1][6]. - The company plans to leverage its existing leasing and property management teams to enhance operational efficiency and drive earnings growth [6].
Summit Hotel Properties (INN) Earnings Call Presentation
2025-06-17 10:54
Hampton Inn & Suites – Austin Downtown FEBRUARY 2025 Investor Presentation Element – Miami Brickell Forward looking statements We make forward-looking statements in this presentation that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans, and objectives. When we use the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "inten ...
高盛:中国 5 月 70 个城市平均新建商品住宅价格进一步下跌
Goldman Sachs· 2025-06-17 06:17
16 June 2025 | 12:26PM HKT China: 70-city average primary property prices fell further in May Bottom line: The National Bureau of Statistics' 70-city house price data suggest the weighted average property price in the primary market fell by 2.4% mom annualized in May after seasonal adjustments. The widening in sequential decline of house prices was broad-based across all city tiers. We emphasize the 70-city data are for primary market transactions (new home sales) only; secondary market data by NBS and some ...
This Stock Is Up Over 8,700%, and Still Makes Sense to Own Today
The Motley Fool· 2025-06-17 00:32
Company Overview - Realty Income is a real estate investment trust (REIT) that finances, owns, and operates income-producing real estate, primarily focusing on single-unit freestanding commercial properties [4][5] - The company has over 15,600 properties across 91 industries and eight countries, with notable clients including 7-Eleven, Dollar Tree, and FedEx [6] Investment Performance - Realty Income's stock has experienced an impressive return of over 8,700% since its inception, significantly outperforming the stock market's average annual return of around 10% [2][1] - The stock price has grown 1,280%, with dividends accounting for the majority of total returns [7][8] Dividend Characteristics - Realty Income offers a monthly dividend of $0.2690, which annualizes to $3.228, and has a compound annual growth rate (CAGR) of 4.2% [8][14] - The company has declared dividends for 660 consecutive months and has increased its dividend payout for the past 111 quarters [14] Economic Resilience - Realty Income maintains a high occupancy rate of 98.5%, with a historical low of 96.6% recorded in 2010, indicating strong tenant retention [10] - Approximately 91% of the company's rent comes from clients that are resilient to economic downturns, such as grocery stores and drugstores [11][12] Market Potential - The total addressable market (TAM) for Realty Income is estimated to be around $14 trillion, indicating significant growth opportunities in the future [13]