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Hudson Pacific Sells Element LA Office Campus
Businesswire· 2025-12-05 00:00
Dec 4, 2025 7:00 PM Eastern Standard Time Hudson Pacific Sells Element LA Office Campus Share LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced the sale of Element LA, a 284,000- square-foot office campus located in West Los Angeles. Hudson Pacific sold the property for $150 million and received a separate $81 million payment for terminating the existing lease. Transfer taxes for the sa ...
Global Medical REIT Inc. Announces Retirement of Ronald Marston from its Board of Directors and Declares 2025 Fourth Quarter Common and Preferred Dividends
Businesswire· 2025-12-04 21:10
Global Medical REIT Inc. Announces Retirement of Ronald Marston from its Board of Directors and Declares 2025 Fourth Quarter Common and Preferred Dividends Share BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the "Company†or "GMRE†) today announced that Ronald Marston has notified the Board of Directors (the "Board†) that he plans to retire as a member of the Board at the end of his current term and that the Board has declared the Company's 2025 fourth quarter common and preferre ...
Broadstone Net Lease Provides Business Update and Issues 2026 Guidance in Conjunction with its Upcoming Investor Day
Businesswire· 2025-12-01 11:30
Broadstone Net Lease Provides Business Update and Issues 2026 Guidance in Conjunction with its Upcoming Investor Day Share VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. (NYSE: BNL) ("BNL†, the "Company†, "we†, "our†, or "us†), today provided an update on its recent business activity through December 1, 2025 and provided initial guidance for fiscal year 2026. "We are entering 2026 with strong momentum and a clear runway ahead," said John Moragne, BNL's Chief Executive Officer. Share MAN ...
Dream Impact Trust Announces Voting Results of Special Meeting of Unitholders
Businesswire· 2025-11-27 20:48
Core Points - Dream Impact Trust announced the approval of amendments to its 5.50% convertible unsecured subordinated debentures, changing the conversion price from $31.02 per unit to $2.75 per unit [1][4] - The amendments resolution was approved by approximately 44.43% of the votes cast by unitholders present at the special meeting [3] - The Trust plans to implement these amendments in the fourth quarter of 2025, which includes an increase in the interest rate of the debentures from 5.50% to 6.50% starting January 31, 2026 [4] Voting Results - A total of 8,183,043 units of the Trust were represented at the meeting, either in person or by proxy [3] - The amendments resolution required a simple majority for approval, which was achieved with the votes cast [2] Company Overview - Dream Impact Trust is an open-ended trust focused on impact investing, with a portfolio of real estate assets managed by an experienced team [5] - The Trust aims to create positive impacts through its focus on environmental sustainability, affordable housing, and inclusive communities [5]
Orion Properties Announces that Director Nomination Notice from Kawa is Invalid
Businesswire· 2025-11-26 14:10
Core Viewpoint - Orion Properties Inc. announced that the nomination notice submitted by The Kawa Fund Limited for five candidates to stand for election to the Board of Directors at the 2026 annual meeting is invalid due to non-compliance with the company's bylaws [1][2]. Summary by Sections Board of Directors' Review - The Board of Directors unanimously determined that Kawa's notice did not meet several requirements outlined in Orion's bylaws, including the necessity for Kawa to be a record holder of the company's common stock [2]. - The Board emphasized that Kawa failed to provide proof of being an eligible stockholder and did not comply with other procedural requirements, such as a lack of detailed plans for the company beyond previous acquisition proposals [2]. Company Commitment - Orion's Board and management are dedicated to creating long-term value for all stockholders and will continue to engage with the investment community regarding the company's strategy and performance [2]. - The company will maintain ongoing communications with Kawa despite the invalid nomination notice [2]. Future Actions - Orion will announce the date of the 2026 Annual Meeting and file proxy materials with the SEC in due course, indicating that no action is required from stockholders at this time [3]. Company Overview - Orion Properties Inc. is an internally-managed real estate investment trust (REIT) focused on owning, acquiring, and managing a diversified portfolio of office properties across the United States, primarily leased to creditworthy tenants [4]. - The company was founded on July 1, 2021, and began trading on the New York Stock Exchange on November 15, 2021 [4].
Seritage Growth Properties Makes $130 Million Loan Prepayment
Businesswire· 2025-11-25 22:30
Core Points - Seritage Growth Properties has made a voluntary prepayment of $130 million towards its $1.6 billion term loan facility with Berkshire Hathaway, funded by recent property sales, including the Aventura, FL property [1][2] - Since December 2021, the company has repaid a total of $1.53 billion, leaving $70 million outstanding on the term loan facility, which will reduce annual interest expenses by approximately $9.2 million [2] - Cumulative repayments since December 2021 have led to a total reduction of approximately $108.6 million in annual interest expenses related to the term loan facility [2] Company Overview - Seritage Growth Properties is a national owner and developer of retail, residential, and mixed-use properties, with a portfolio consisting of interests in 13 properties, totaling approximately 1.3 million square feet of gross leasable area and 198 acres of land as of September 30, 2025 [3]
Dream Industrial REIT Announces November 2025 Monthly Distribution
Businesswire· 2025-11-19 16:06
Core Points - Dream Industrial REIT announced a monthly distribution of 5.833 cents per Unit for November 2025, which annualizes to 70 cents [1] - The distribution will be payable on December 15, 2025, to unitholders of record as of November 28, 2025 [1] Company Overview - Dream Industrial REIT is an owner, manager, and operator of a diversified global portfolio of industrial properties, comprising 340 assets (552 buildings) with approximately 73.2 million square feet of gross leasable area across Canada, Europe, and the U.S. as of September 30, 2025 [2] - The REIT aims to deliver strong total returns to unitholders through secure distributions and growth in net asset value and cash flow per unit, supported by its high-quality portfolio and investment-grade balance sheet [2] Financial Performance - Dream Industrial REIT reported a strong Q3 2025, with a 4.3% growth in Funds From Operations (FFO) per Unit and a 6.4% growth in Cash Property Net Operating Income (CP NOI) [6]
Dream Office REIT Announces November 2025 Monthly Distribution
Businesswire· 2025-11-19 16:06
Core Points - Dream Office REIT announced a monthly distribution of 8.333 cents per REIT Unit for November 2025, which annualizes to $1.00 [1] - The distribution will be payable on December 15, 2025, to unitholders of record as of November 28, 2025 [1] - Dream Office REIT is a leading office landlord in downtown Toronto, managing over 4.0 million square feet of high-quality assets [2] Financial Results - Dream Office REIT will release its financial results for Q3 2025 on November 6, 2025, with a conference call scheduled for November 7, 2025, at 10:00 a.m. (ET) [4][7] - The financial results will cover the three months ended September 30, 2025 [4]
Lineage Announces Proposed Offering of Euro-Denominated Senior Notes
Businesswire· 2025-11-19 11:25
Core Viewpoint - Lineage, Inc. plans to offer euro-denominated senior notes through its subsidiary, Lineage Europe Finco B.V., to raise funds for repaying outstanding amounts under its revolving credit facility and for general corporate purposes [1][2]. Group 1: Offering Details - The proposed offering will consist of senior unsecured notes that will be fully guaranteed by Lineage, Inc. and its subsidiaries, excluding certain subsidiaries [1]. - The notes will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers under Rule 144A or to non-U.S. persons in compliance with Regulation S [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended to be used primarily for repaying amounts outstanding under the revolving credit facility and for other general corporate and working capital purposes [2]. Group 3: Regulatory Notices - The offering is not intended for retail investors in the European Economic Area (EEA) or the United Kingdom, and no key information document has been prepared for such investors [5][8]. - The press release is directed only at relevant persons with professional experience in investment matters and should not be relied upon by non-relevant persons [6][7].
Property Play: Leading office REIT CEO says the market is overbuilt
CNBC Television· 2025-11-18 13:27
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