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Press Release

Toronto Real Estate Board Urging Caution as Toronto City Council Debates if Another Municipal Land Transfer Tax Hike Should be Considered

TORONTO,– With Toronto City Council set to debate a motion to move forward with a proposal for yet another increase to the Municipal Land Transfer Tax (MLTT), at their meeting today, the Toronto Real Estate Board (TREB) is cautioning that the strategy is risky and could have unintended consequences on already challenged home buyers.  TREB … Continue reading Toronto Real Estate Board Urging Caution as Toronto City Council Debates if Another Municipal Land Transfer Tax Hike Should be Considered

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Freddie Mac March Forecast: Lower than expected mortgage rates and house price moderation to help spring homebuying

MCLEAN, Va.– According to Freddie Mac’s (OTCQB: FMCC) March Forecast, the mortgage market is expected to see modest growth in 2019 buoyed by lower mortgage interest rates. Sam Khater, Freddie Mac’s chief economist, says, “The real estate market is thawing in response to the sustained decline in mortgage rates and rebound in consumer confidence – two of … Continue reading Freddie Mac March Forecast: Lower than expected mortgage rates and house price moderation to help spring homebuying

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SVN Affordable brokers 1,776-unit Affordable Housing Portfolio located in VA, NC, SC, GA & FL

Cincinnati, OH,– SVN Affordable | Levental Realty (SVN Affordable) announced today that the second tranche of a 3,751 unit Southeast Affordable Housing Portfolio has sold. SVN Affordable acted as the exclusive listing broker and facilitated a discrete, “invite-only” marketing campaign on behalf of the seller.  The second tranche of the two-part portfolio is comprised of … Continue reading SVN Affordable brokers 1,776-unit Affordable Housing Portfolio located in VA, NC, SC, GA & FL

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Aberdeen Global Premier Properties Fund Announces Performance Data And Portfolio Composition

PHILADELPHIA,– Aberdeen Global Premier Properties Fund¹ (the “Fund”) (NYSE: AWP), a closed-end equity fund, today provided updates on the Fund since the transition of management to Aberdeen Asset Managers Limited (“Aberdeen”) on May 4, 2018, (the “transition date”) including actions of the Board of Trustees in support of the Fund’s discount, and performance data and portfolio composition as of February … Continue reading Aberdeen Global Premier Properties Fund Announces Performance Data And Portfolio Composition

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TRANSWESTERN INVESTMENT GROUP SELLS 3.5 MILLION SF INDUSTRIAL PORTFOLIO

DALLAS,– Transwestern Investment Group (TIG®) today announces it has sold a 3.5 million-square-foot industrial portfolio on behalf of one of its discretionary investment funds, TSP Value and Income Fund I. An institutional foreign buyer acquired the 21 logistics facilities spanning Illinois, Ohio, Indiana and Kentucky. “This sale confirmed TIG’s strategy to acquire smaller portfolios of high-quality … Continue reading TRANSWESTERN INVESTMENT GROUP SELLS 3.5 MILLION SF INDUSTRIAL PORTFOLIO

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Toronto Real Estate Board Raises Concerns About New Proposal Calling for City of Toronto to Rely on Unpredictable Land Transfer Tax Even More

TORONTO,– With City Council in the midst of dealing with a huge shortfall in Land Transfer Tax revenue in 2018, the Toronto Real Estate Board (TREB) is raising concerns about a new proposal calling for the City to rely on this unpredictable revenue stream even more. “City Council just finished a budget process which showed … Continue reading Toronto Real Estate Board Raises Concerns About New Proposal Calling for City of Toronto to Rely on Unpredictable Land Transfer Tax Even More

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Arbor Realty Trust, Inc. Closes Offering of $90 Million of Senior Unsecured Notes due 2024

UNIONDALE, N.Y.– Arbor Realty Trust, Inc. (the “Company”) (NYSE: ABR) announced today that it has closed the private placement of $90 million in aggregate principal amount of 5.75% senior unsecured notes due April 1, 2024 (the “Notes”).   The Company intends to use the net proceeds from the offering to make investments relating to its business and … Continue reading Arbor Realty Trust, Inc. Closes Offering of $90 Million of Senior Unsecured Notes due 2024

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Hyatt House Across From Orlando Universal Resort™ Awarded Opening Hotel Performance Award by Hyatt

AUSTIN, Texas,– Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that its newly-developed Hyatt House Across From Orlando Universal Resort™ was the recipient of the 2018 Opening Hotel Performance Award by Hyatt.  The annual award recognizes an opening hotel sales team that delivered outstanding performance during the opening process for their hotel.  Criteria for … Continue reading Hyatt House Across From Orlando Universal Resort™ Awarded Opening Hotel Performance Award by Hyatt

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EastGroup Properties Announces First Quarter 2019 Earnings Conference Call and Webcast

JACKSON, Miss.— EastGroup Properties (NYSE: EGP) announced today that it will hold its First Quarter Earnings Conference Call and Webcast on Tuesday, April 23, 2019 at 11:00 A.M. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will review the first quarter results and discuss EastGroup’s current operations.  EastGroup plans to release financial results for the quarter after the market closes … Continue reading EastGroup Properties Announces First Quarter 2019 Earnings Conference Call and Webcast

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Innovation in Spades: Realogy Unveils New Real Estate Products, Programs and Tools During First-Ever Realogy Global Exchange

LAS VEGAS,– Realogy Holdings Corp. (NYSE: RLGY) today concluded the first-ever Realogy Global Exchange (RGX), a weeklong gathering of more than 10,000 affiliated real estate professionals across the company’s Better Homes and Gardens® Real Estate, Century 21®, Coldwell Banker®, Coldwell Banker Commercial® and ERA® brands. The first-of-its-kind multi-brand real estate conference was held at the MGM Grand Las Vegas and featured a jampacked … Continue reading Innovation in Spades: Realogy Unveils New Real Estate Products, Programs and Tools During First-Ever Realogy Global Exchange

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