Real Estate https://www.benzinga.com/views/taxonomy/term/142057 en JLL Income Property Trust Announces Q3 2018 Earnings Call https://www.benzinga.com/pressreleases/18/11/r12681029/jll-income-property-trust-announces-q3-2018-earnings-call <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">CHICAGO</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZIPTAX#NASDAQ" rel="nofollow">ZIPTAX</a>, <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://www.nasdaq.com/symbol/ziptmx" rel="nofollow" rel="nofollow">ZIPTMX</a>, <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://www.nasdaq.com/symbol/zipiax" rel="nofollow" rel="nofollow">ZIPIAX</a>, <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://www.nasdaq.com/symbol/zipimx" rel="nofollow" rel="nofollow">ZIPIMX</a>)), will hold a public earnings call on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Wednesday, November 21, 2018</span> at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">9:00 AM CST</span> to review third quarter 2018 operating and financial results. <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Allan Swaringen</span>, President and CEO of JLL Income Property Trust, and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Gregg Falk</span>, Chief Financial Officer will present an overview of recent economic events that directly influence the business of the company and commercial real estate markets, along with a detailed review of the financial performance and more noteworthy accomplishments of the quarter and year.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/491287/JLL_Income_Property_Trust_Logo.jpg" title="JLL Income Property Trust (PRNewsfoto/JLL Income Property Trust)" alt="JLL Income Property Trust (PRNewsfoto/JLL Income Property Trust)" /></p> </div> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Date: </b><span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Wednesday, November 21, 2018</span> <br xmlns="http://www.w3.org/1999/xhtml" /><b xmlns="http://www.w3.org/1999/xhtml">Time:</b> <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">9:00 AM CST</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Dial-in Number (<span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Toll Free</span>):</b> 1-877-407-9205 <br xmlns="http://www.w3.org/1999/xhtml" /><b xmlns="http://www.w3.org/1999/xhtml">Dial-in Number (International):</b> 201-689-8054</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Replay Number (<span xmlns="http://www.w3.org/1999/xhtml" ...</b></p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12681029/jll-income-property-trust-announces-q3-2018-earnings-call alt=JLL Income Property Trust Announces Q3 2018 Earnings Call>Full story available on Benzinga.com</a></p> Banking/Financial Services commercial real estate Conference Call Announcements Mutual Funds ZIPIAX ZIPIMX ZIPTAX ZIPTMX Press Releases Real Estate ZIPTAX ZIPTMX ZIPIMX ZIPIAX Press Releases Real Estate Benzinga Mon, 12 Nov 2018 22:30:00 +0000 PRNewswire 12681029 at https://www.benzinga.com Minto Apartment REIT's Third Quarter 2018 Financial Results Exceed Forecast https://www.benzinga.com/pressreleases/18/11/r12680934/minto-apartment-reits-third-quarter-2018-financial-results-exceed-fore <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">OTTAWA</span></span>, <span xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span></span><span xmlns="http://www.w3.org/1999/xhtml"> </span> <span xmlns="http://www.w3.org/1999/xhtml">/CNW/ - Minto Apartment Real Estate Investment Trust (the &#34;REIT&#34;) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MI#TSX" rel="nofollow">MI</a>) today announced its financial results for the third quarter ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> (&#34;Q3 2018&#34;). The REIT acquired its initial property portfolio on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">July 2, 2018</span> and completed its Initial Public Offering (the &#34;IPO&#34;) and commenced trading on the Toronto Stock Exchange on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">July 3, 2018</span>. Accordingly, the results for Q3 2018 comprise the 91-day period from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">July 2, 2018</span> to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span>, as opposed to the 92-day period from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">July 1, 2018</span> to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span>. However, the REIT indicated that the one-day difference in the duration of the period compared to the financial forecast (the &#34;Forecast&#34;) presented in the REIT&#39;s prospectus dated <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">June 22, 2018</span>, did not constitute a material difference in its results.</span></p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">The following summary of the REIT&#39;s financial results for Q3 2018 are presented in comparison to the Forecast. Full Financial Statements and Management&#39;s Discussion and Analysis (MD&amp;A) for Q3 2018 are available on the REIT&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://www.mintoapartments.com/" rel="nofollow" rel="nofollow">www.mintoapartments.com</a> and at <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://www.sedar.com/" rel="nofollow" rel="nofollow">www.SEDAR.com</a>.</span></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">Q3 2018 Highlights</span></b></p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">Total revenue in Q3 2018 was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$21.1 million</span>, 3.4% above the Forecast of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$20.4 million</span>.</span> </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">Net Operating Income<sup xmlns="http://www.w3.org/1999/xhtml">1</sup> (&#34;NOI&#34;) of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$13.1 million</span> was 6.5% higher than the Forecast of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$12.3 million</span>. </span></li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">NOI<sup xmlns="http://www.w3.org/1999/xhtml">1</sup> margin was 62.0%, which exceeded the Forecast by 180 basis points.</span> </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">Funds from Operations<sup xmlns="http://www.w3.org/1999/xhtml">1</sup> (&#34;FFO&#34;) of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$8.0 million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.22</span> per Unit, was 11.7% above the Forecast of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$7.2 million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.19</span> per Unit.</span> </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">Adjusted Funds from Operations<sup xmlns="http://www.w3.org/1999/xhtml">1</sup> (&#34;AFFO&#34;) of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$6.8 million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.18</span> per Unit, exceeded the Forecast of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$5.9 million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.16</span> per Unit, by 14.2%.</span> </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">The REIT established a monthly distribution of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.03416</span> per Unit, representing <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.41</span> per Unit on an annualized basis. </span></li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">The REIT declared distributions totaling <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.10028</span> per Unit for Q3 2018. </span></li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">Occupancy as at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> was 99.0% versus the Forecast of 96.7%.</span> </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">Average monthly rent as at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1,388</span> per suite compared to Forecast of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1,382</span> per suite.</span> </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">Debt to Gross Book Value<sup xmlns="http://www.w3.org/1999/xhtml">1</sup> (&#34;Debt to GBV&#34;) as at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> was 45.8%.</span> </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">On <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">July 10, 2018</span>, the IPO underwriters </span><span xmlns="http://www.w3.org/1999/xhtml">exercised their overallotment option,</span><span xmlns="http://www.w3.org/1999/xhtml"> acquiring a further 2,069,100 Units</span><span xmlns="http://www.w3.org/1999/xhtml"> of the REIT; resulting in additional gross proceeds of approximately <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$30 million</span>. The proceeds were used to redeem 2,069,100 Class B LP Units held by Minto Properties Inc.</span></li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"></p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml"><br /> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" id="convertedTable13a6" cellspacing="0" cellpadding="0" border="0" class="prngen1"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><sup xmlns="http://www.w3.org/1999/xhtml">1</sup>  </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><i xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">NOI, FFO, AFFO, and Debt to GBV are non-IFRS financial measures. See &#34;Non-IFRS Financial Measures&#34; in this news release.</span></i></span></p> </td> </tr> </table> </div> <p></p></span></p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">&#34;We&#39;re pleased with the success of our first quarter as a publicly traded REIT where our financial performance exceeded all Forecasted metrics&#34; said <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Michael Waters</span>, the REIT&#39;s Chief Executive Officer. &#34;We also advanced multiple initiatives to realize organic growth and assessed opportunities across an active acquisition pipeline. Looking out over the balance of the 12-month Forecast period ending <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">June 30, 2019</span>, management is confident the REIT will achieve its Forecast AFFO<sup xmlns="http://www.w3.org/1999/xhtml">1</sup> of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$23.2 million</span>.&#34;</span></p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml">The REIT generated significant organic growth during Q3 2018 through both gain-to-lease activities and asset repositioning. As new tenants take occupancy of suites, the REIT is able to move rental rates from in-place levels to current market rates, thereby realizing on the gain-to-lease opportunities in the portfolio. During the quarter, the ...</span></p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12680934/minto-apartment-reits-third-quarter-2018-financial-results-exceed-fore alt=Minto Apartment REIT&#039;s Third Quarter 2018 Financial Results Exceed Forecast>Full story available on Benzinga.com</a></p> Earnings Residential Real Estate TSX:MI TSX:MI.UN Press Releases Real Estate TSX:MI.UN TSX:MI Earnings Press Releases Real Estate Benzinga Mon, 12 Nov 2018 22:00:00 +0000 PRNewswire 12680934 at https://www.benzinga.com FCP Closes $755 Million FCP Realty Fund IV, L.P. https://www.benzinga.com/pressreleases/18/11/r12680843/fcp-closes-755-million-fcp-realty-fund-iv-l-p <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">CHEVY CHASE, Md.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /PRNewswire/ -- FCP℠ today announced the closing of FCP Realty Fund IV, L.P. (Fund IV), a <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$755.0 million</span> fund targeting multifamily and commercial property opportunities throughout the Eastern U.S. and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Texas</span>. Fund IV, when fully invested, is expected to accommodate approximately <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$2.5 billion</span> of total investments. FCP has already closed on one investment through Fund IV, an adaptive re-use creative office project, known as Sylvan Supply, located in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Nashville, TN.</span> </p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/783401/Sylvan_Supply_Rendering_Aerial.jpg" title="Sylvan Supply in Nashville, TN marks the first investment by FCP through Fund IV." alt="Sylvan Supply in Nashville, TN marks the first investment by FCP through Fund IV." /></p> </div> <p xmlns="http://www.w3.org/1999/xhtml">&#34;FCP is extremely pleased with investors&#39; appetites for our value-add Fund IV offering,&#34; said FCP Managing Partner, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Esko Korhonen</span>. &#34;Since our inception, FCP has built a robust operating platform allowing us to effectively deploy fund capital. Over the years, we have added exceptionally talented professionals and are fully operational in 12 markets where we have deep local knowledge and established relationships.&#34;</p> <p xmlns="http://www.w3.org/1999/xhtml">Mr. Korhonen continued, &#34;FCP continues to have high conviction in a balanced investment approach. The foundational piece of our portfolio continues ...</p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12680843/fcp-closes-755-million-fcp-realty-fund-iv-l-p alt=FCP Closes $755 Million FCP Realty Fund IV, L.P.>Full story available on Benzinga.com</a></p> Banking/Financial Services commercial real estate Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Mon, 12 Nov 2018 21:34:00 +0000 PRNewswire 12680843 at https://www.benzinga.com BRT Apartments Corp. Announces Sale of Factory at Garco Park for $51.7 Million https://www.benzinga.com/pressreleases/18/11/g12680688/brt-apartments-corp-announces-sale-of-factory-at-garco-park-for-51-7-m <link type="text/css" rel="stylesheet" href="http://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="left">GREAT NECK, N.Y., Nov. 12, 2018 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRT#NYSE" rel="nofollow">BRT</a>) today announced the sale of Factory at Garco Park, located in North Charleston, South Carolina, in which the Company held a 65% joint venture equity interest.  This 271-unit property was sold for a gross sales price of $51.7 million and a gain of approximately $12.0 million. BRT&#039;s share of this gain, after giving effect to non-controlling interests of approximately $6.3 million, will be approximately $5.7 million, and will be recognized in the 1<sup>st</sup> quarter of fiscal 2019.  The Company anticipates recycling a portion of sales proceeds into a new acquisition in the coming months.</p> <p align="justify">Jeffrey A. Gould, President and CEO commented, "We were pleased to generate an IRR of 20% over three years on our interest in Factory at Garco Park. We entered into this venture as a ground up development and believe that ...</p><p><a href=https://www.benzinga.com/pressreleases/18/11/g12680688/brt-apartments-corp-announces-sale-of-factory-at-garco-park-for-51-7-m alt=BRT Apartments Corp. Announces Sale of Factory at Garco Park for $51.7 Million>Full story available on Benzinga.com</a></p> BRT Press Releases Real Estate BRT US0556453035 Press Releases Real Estate Benzinga Mon, 12 Nov 2018 21:15:00 +0000 Globe Newswire 12680688 at https://www.benzinga.com Are Assisted Living Prices Sustainable: Premium Prices for a Premium Product https://www.benzinga.com/pressreleases/18/11/r12680484/are-assisted-living-prices-sustainable-premium-prices-for-a-premium-pr <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">NORWALK, Conn.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /PRNewswire-PRWeb/ -- The SeniorCare Investor will host an important webinar — Are Assisted Living Prices Sustainable? Premium Prices for a Premium Product— on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Thursday, November 15, 2018</span>, at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">1:00 PM ET</span>. A recording of the webinar will also be made available following its live presentation. The webinar is part of the Interactive Webinar Series.</p> <p xmlns="http://www.w3.org/1999/xhtml">The average price per unit paid in the assisted living market rose to new heights in the years after the Great Recession. But for the higher-quality assisted living communities, the premium paid over the ...</p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12680484/are-assisted-living-prices-sustainable-premium-prices-for-a-premium-pr alt=Are Assisted Living Prices Sustainable: Premium Prices for a Premium Product>Full story available on Benzinga.com</a></p> Press Releases Real Estate Press Releases Real Estate Benzinga Mon, 12 Nov 2018 20:45:00 +0000 PRNewswire 12680484 at https://www.benzinga.com HomeAid Austin and Lennar Join Forces to Host Inaugural Fundraising Luncheon November 16 https://www.benzinga.com/pressreleases/18/11/r12680450/homeaid-austin-and-lennar-join-forces-to-host-inaugural-fundraising-lu <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">AUSTIN, Texas</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /PRNewswire/ -- HomeAid Austin, the newest chapter of HomeAid America, a non-profit provider of housing for homeless families and individuals for more than 20 years, announces plans to team up with Lennar, the nation&#39;s leading homebuilder, to host the inaugural &#39;Building Homes: Rebuilding Lives&#39; fundraising luncheon to raise funds that will directly impact HomeAid&#39;s mission to provide housing for homeless families and individuals. The public is invited to attend the <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">November 16</span> event at the JW Marriott located at 110 East 2<sup xmlns="http://www.w3.org/1999/xhtml">nd</sup> Street, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Austin, Texas</span> 78701. Doors open at <span ...</p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12680450/homeaid-austin-and-lennar-join-forces-to-host-inaugural-fundraising-lu alt=HomeAid Austin and Lennar Join Forces to Host Inaugural Fundraising Luncheon November 16>Full story available on Benzinga.com</a></p> LEN Press Releases Real Estate LEN US5260571048 Press Releases Real Estate Benzinga Mon, 12 Nov 2018 20:33:00 +0000 PRNewswire 12680450 at https://www.benzinga.com Southern Trust Mortgage Announces Robert O'Bday as SVP / Regional Manager https://www.benzinga.com/pressreleases/18/11/r12680312/southern-trust-mortgage-announces-robert-obday-as-svp-regional-manager <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">CHARLOTTE, N.C.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /PRNewswire-PRWeb/ -- Southern Trust Mortgage is proud to announce the addition of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Robert O&#39;Bday</span> as SVP / Regional Manager based out of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Charlotte, North Carolina</span>. Robert and his teams at Southern Trust Mortgage understand the unique challenges of the mortgage industry. As a <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Charlotte</span>-based regional manager, Robert works to constantly embrace new technology, employ the best within the industry, and ensure that each loan officer at Southern Trust Mortgage grows and elevates their business. Robert provides his team with the tools they need ...</p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12680312/southern-trust-mortgage-announces-robert-obday-as-svp-regional-manager alt=Southern Trust Mortgage Announces Robert O&#039;Bday as SVP / Regional Manager>Full story available on Benzinga.com</a></p> Banking/Financial Services Press Releases Real Estate Press Releases Real Estate Benzinga Mon, 12 Nov 2018 20:00:00 +0000 PRNewswire 12680312 at https://www.benzinga.com Mesirow Financial Expands Sale-Leaseback Team with the Appointment of a New Vice President Dedicated to New Business Development https://www.benzinga.com/pressreleases/18/11/r12680270/mesirow-financial-expands-sale-leaseback-team-with-the-appointment-of- <p xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">-- Zach Fox Joins Mesirow Financial with over a Decade of Experience in Real Estate and Sale-Leaseback Capital; Will Support the Ongoing Growth of the Business --</i></p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">CHICAGO</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /PRNewswire/ -- Mesirow Financial today announced that <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Zach Fox</span> has joined the firm&#39;s <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://www.mesirowfinancial.com/markets/cmib/sale-leaseback-capital/" rel="nofollow" rel="nofollow">Sale-Leaseback Capital</a> group as a vice president. In this new position, which is based in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Chicago</span>, Mr. Fox will focus on new business development and client management, leveraging his extensive industry expertise and long-standing relationships to further enhance Mesirow Financial&#39;s position as a nationally recognized leader of sale-leaseback capital. </p> <p xmlns="http://www.w3.org/1999/xhtml">Mr. Fox joins Mesirow Financial from Transwestern Commercial Services, where he served as co-head of the <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Chicago</span> suburban agency leasing team. Over the course of his 11-year real-estate services career, he has completed over 500 transactions consisting of more than 4 ...</p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12680270/mesirow-financial-expands-sale-leaseback-team-with-the-appointment-of- alt=Mesirow Financial Expands Sale-Leaseback Team with the Appointment of a New Vice President Dedicated to New Business Development>Full story available on Benzinga.com</a></p> Banking/Financial Services Press Releases Real Estate Press Releases Real Estate Benzinga Mon, 12 Nov 2018 19:49:00 +0000 PRNewswire 12680270 at https://www.benzinga.com J.G. Wentworth Home Lending Takes Top-Rated Lender Award https://www.benzinga.com/pressreleases/18/11/r12680215/j-g-wentworth-home-lending-takes-top-rated-lender-award <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">CHESTERBROOK, Pa.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /PRNewswire-PRWeb/ -- LendingTree provides an online marketplace where more than 500 lenders compete for consumers&#39; business. Part of the LendingTree network, J.G. Wentworth Home Lending, LLC offers home financing and refinancing at low rates that include fixed-rate and adjustable-rate mortgages, as well as FHA loans and VA mortgages.</p> <p xmlns="http://www.w3.org/1999/xhtml">The LendingTree ratings are based on customer reviews posted on its website. Lender rankings are determined using a weighted average of overall rating and total volume of customer reviews. Customers rated J.G. ...</p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12680215/j-g-wentworth-home-lending-takes-top-rated-lender-award alt=J.G. Wentworth Home Lending Takes Top-Rated Lender Award>Full story available on Benzinga.com</a></p> Awards Banking/Financial Services Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Mon, 12 Nov 2018 19:35:00 +0000 PRNewswire 12680215 at https://www.benzinga.com H&R REIT Reports Third Quarter 2018 Results https://www.benzinga.com/pressreleases/18/11/r12680125/h-r-reit-reports-third-quarter-2018-results <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">TORONTO</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /CNW/ - H&amp;R Real Estate Investment Trust (&#34;H&amp;R&#34; or &#34;the REIT&#34;) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/HR#TSX" rel="nofollow">HR</a>) is pleased to announce its financial results for the three and nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span>.</p> <p xmlns="http://www.w3.org/1999/xhtml">H&amp;R has been reallocating capital by way of property dispositions, acquisitions, developments and the repurchase and cancellation of REIT units (&#34;Units&#34;). The objectives of these capital recycling transactions are to simplify H&amp;R&#39;s businesses and enhance the REIT&#39;s internal growth profile by increasing the contributions from its core portfolio and making H&amp;R easier for investors to understand, analyze and value. The following 2018 transactions highlight H&amp;R&#39;s progress in achieving its strategic objectives identified in its letter to unitholders included in H&amp;R&#39;s 2017 Annual Report:</p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml">Sold 63 lower growth U.S. retail assets for U.S. <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$633.0 million</span>; </li> <li xmlns="http://www.w3.org/1999/xhtml">Sold H&amp;R&#39;s ownership interest in F1RST Tower in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Calgary, AB</span> for <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$53.5 million</span>; </li> <li xmlns="http://www.w3.org/1999/xhtml">Sold H&amp;R&#39;s ownership interest in five non-core Canadian industrial assets and two non-core Canadian retail assets for <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$72.1 million</span>; </li> <li xmlns="http://www.w3.org/1999/xhtml">Reinvested sales proceeds in higher growth assets by acquiring multi-family properties in the U.S. for U.S. <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$182.3 million</span> and an additional investment of U.S. <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$73.9 million</span> which closed in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">October 2018</span>; </li> <li xmlns="http://www.w3.org/1999/xhtml">Further advanced and expanded the development pipeline to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1.2 billion</span> of properties under development; </li> <li xmlns="http://www.w3.org/1999/xhtml">Purchased and cancelled 6.6 million Units for <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$136.3 million</span>; and </li> <li xmlns="http://www.w3.org/1999/xhtml">Eliminated H&amp;R Finance Trust (&#34;Finance Trust&#34;) and the Stapled Unit structure to return H&amp;R to a single trust structure in line with industry peers.</li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"></p> <p xmlns="http://www.w3.org/1999/xhtml">The above noted transactions have reduced Property operating income and Funds from Operations (&#34;FFO&#34;) in 2018, due to the lag between property sales and the reinvestment of proceeds as well as the lower initial yields on acquisitions relative to sold properties. H&amp;R looks forward to benefitting from the full reinvestment of the sale proceeds and the enhanced growth profile, resulting in positive Property operating income, FFO and Net Asset Value (&#34;NAV&#34;) growth in 2019 and beyond.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">FINANCIAL HIGHLIGHTS</b></p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" cellpadding="0" border="1" class="prntbls"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">3 months ended September 30, 2018</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">9 months ended September 30, 2018</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2018</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5 prnpr6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%<br xmlns="http://www.w3.org/1999/xhtml" />Change</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2018</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%<br xmlns="http://www.w3.org/1999/xhtml" />Change</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Rentals from investment properties (millions) </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$286.2</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$289.6</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(1.2%)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$879.1</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$870.4</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1.0%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Property operating income (millions)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$186.4</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$195.3</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(4.6%)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">541.9</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$542.0</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Same-Asset property operating income (cash<br xmlns="http://www.w3.org/1999/xhtml" />basis) - Canada<sup xmlns="http://www.w3.org/1999/xhtml">(1) </sup>(millions)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$134.1</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$131.5</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2.0%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$398.0</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$393.8</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1.1%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Same-Asset property operating income (cash<br xmlns="http://www.w3.org/1999/xhtml" />basis) - U.S. in U.S. dollars<sup xmlns="http://www.w3.org/1999/xhtml">(1) </sup>(millions)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$37.6</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$40.6</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5 prnpr4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(7.4%)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$113.0</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$114.5</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(1.3%)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Same-Asset property operating income (cash<br xmlns="http://www.w3.org/1999/xhtml" />basis) total in Canadian dollars<sup xmlns="http://www.w3.org/1999/xhtml">(1) </sup>(millions)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$183.4</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$183.2</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">0.1%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$543.7</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$543.8</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Net income before income taxes</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$111.7</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$76.1</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">46.8%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$279.7</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$367.1</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(23.8%)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Net income (millions)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$105.5</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$78.8</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">33.9%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$276.8</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$342.7</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(19.2%)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">FFO (millions)<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$127.6</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$141.0</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(9.5%)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$395.2</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$422.6</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(6.5%)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">FFO per Unit (basic and diluted)<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$0.42</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$0.46</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(9.1%)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$1.30</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$1.39</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(6.6%)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Distributions per Unit </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$0.35</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$0.35</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$1.04</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$1.04</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Payout ratio per Unit (as a % of FFO)<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">81.4%</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">74.7%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">6.7%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">79.4%</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">74.4%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">5.0%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">NAV per Unit as at September 30<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$25.73</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$25.01</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2.9%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$25.73</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$25.01</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2.9%</span></p> </td> </tr> </table> </div> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" id="convertedTabledf9a" cellspacing="0" cellpadding="0" border="0" class="prngen2"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen13"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(1)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen13"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">These are non-GAAP measures. See &#34;Non-GAAP Financial Measures&#34; in this press release. H&amp;R&#39;s management discussion and analysis (&#34;MD&amp;A&#34;) for the three and nine months ended September 30, 2018 includes a reconciliation of property operating income to Same-Asset property operating income (cash basis) and net income to FFO as well as the calculation of NAV per Unit. Readers are encouraged to review the reconciliations and calculation in H&amp;R&#39;s MD&amp;A.</span></p> </td> </tr> </table> </div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Property operating income decreased by <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$8.9 million</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.1 million</span>, respectively, for the three and nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> compared to the respective 2017 periods primarily due to the sale of 63 U.S. retail properties in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">June 2018</span>, partially offset by Lantower Residential property acquisitions. The nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2017</span> were impacted by a <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$5.6 million</span> non-cash write-off of straight-line rent that reduced property operating income in 2017.</p> <p xmlns="http://www.w3.org/1999/xhtml">Same-Asset property operating income (cash basis) from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Canada</span> increased by 2.0% and 1.1%, respectively, for the three and nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> compared to the respective 2017 periods, primarily due to an increase in occupancy, contractual rental escalations and renewed leases at higher rents from H&amp;R&#39;s Ontario Office properties.</p> <p xmlns="http://www.w3.org/1999/xhtml">Same-Asset property operating income (cash basis) from the U.S. in U.S. dollars decreased by 7.4% and 1.3%, respectively, for the three and nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> compared to the respective 2017 periods, primarily due to ECHO receiving lease termination fees of U.S. <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$4.0 million</span> at H&amp;R&#39;s ownership interest in Q3 2017. Excluding these lease termination fees, Same-Asset property operating income (cash basis) from the U.S. would have increased 2.8% in Q3 2018 compared to Q3 2017 and 2.2% for the nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> compared to the respective 2017 period.</p> <p xmlns="http://www.w3.org/1999/xhtml">Total Same-Asset property operating income (cash basis) increased by 0.1% and 0%, respectively, for the three and nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> compared to the respective 2017 periods. Excluding the lease termination fees received, total Same-Asset property operating income (cash basis) would have increased 2.9% in Q3 2018 compared to Q2 2017 and 0.8% for the nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> compared to the respective 2017 period.</p> <p xmlns="http://www.w3.org/1999/xhtml">Net income before income taxes increased (decreased) by <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$35.6 million</span> and (<span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$87.4 million</span>), respectively, for the three and nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2018</span> compared to the respective 2017 periods, primarily due to non-cash items. Excluding non-cash items, which consist of fair value adjustments, gain (loss) on sale of real estate assets and foreign exchange, net income before income taxes net income decreased by <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1.0 million</span> from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$129.3 million</span> in Q3 2017 to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$128.3 million</span> in Q3 2018 and by <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$20.9 million</span> from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$379.6 million</span> for the nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, 2017</span> to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$358.7 million</span> for the nine months ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 30, ...</span></p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12680125/h-r-reit-reports-third-quarter-2018-results alt=H&amp;R REIT Reports Third Quarter 2018 Results>Full story available on Benzinga.com</a></p> Earnings TSX:HR TSX:HR.DB TSX:HR.DB.D TSX:HR.DB.E TSX:HR.DB.H TSX:HR.UN Retail Sales Press Releases Real Estate TSX:HR.UN TSX:HR.DB.D TSX:HR TSX:HR.DB TSX:HR.DB.E TSX:HR.DB.H Earnings Retail Sales Press Releases Real Estate Benzinga Mon, 12 Nov 2018 19:06:00 +0000 PRNewswire 12680125 at https://www.benzinga.com Bennett Realty & Development Welcomes New Managing Director https://www.benzinga.com/pressreleases/18/11/r12679990/bennett-realty-development-welcomes-new-managing-director <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">HOLMDEL, N.J.</span>, Nov. 12, 2018 /PRNewswire/ -- Bennett Realty &amp; Development welcomes <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Bill Howard</span> as Managing Director. Bill joins Bennett Realty and Development with over 35 years of experience in the real estate and investment market. Bill&#39;s focus will be working with high net worth investors seeking single tenant net lease assets and multi-tenant net lease assets with low risk and long-term income. Bill brings with him over <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$300 million</span> in closed transactions across <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">the United States</span> and never a missed distribution.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/783242/Bennett_Realty___Bill_Howard.jpg" title="Bill Howard, Managing Director, Bennett Realty &amp; Development, Holmdel, NJ" alt="Bill Howard, Managing ...</p></div><p><a href=https://www.benzinga.com/pressreleases/18/11/r12679990/bennett-realty-development-welcomes-new-managing-director alt=Bennett Realty &amp; Development Welcomes New Managing Director>Full story available on Benzinga.com</a></p> commercial real estate Press Releases Real Estate Press Releases Real Estate Benzinga Mon, 12 Nov 2018 18:49:00 +0000 PRNewswire 12679990 at https://www.benzinga.com Auction Date Approaches for 335-Acre Equestrian Estate in Central New York https://www.benzinga.com/pressreleases/18/11/r12679962/auction-date-approaches-for-335-acre-equestrian-estate-in-central-new- <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">COOPERSTOWN, N.Y.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /PRNewswire/ -- This Saturday, <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://platinumluxuryauctions.com/listings/335-acre-equestrian-retreat-cooperstown-ny/" rel="nofollow" rel="nofollow">335 acres in central <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">New York</span></a> will be offered for sale at a live auction. The large-acreage, equestrian property is located in the village of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Fly Creek</span>, just outside of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Cooperstown, NY</span>. It was previously for sale for nearly <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$3 million</span>. The financial institution that owns the property retained <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span>-based auction house Platinum Luxury Auctions to manage the sale in cooperation with listing brokerage Keller Williams Capital District. Listing agent <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Jill Cunningham</span> is representing Keller Williams in the sale.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml" title="This 335-acre, equestrian estate just outside of Cooperstown in central New York is headed to a live auction sale on Saturday, November 17, 2018. Although once asking nearly $3 million, there is no minimum bid or required price for the auction, although the high bid will be subject to confirmation by the financial institution that owns the property. Platinum Luxury Auctions is managing the sale in cooperation with listing brokerage Keller Williams Capital District. NewYorkLuxuryAuction.com"> <object xmlns="http://www.w3.org/1999/xhtml" width="560" height="315" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000"><param xmlns="http://www.w3.org/1999/xhtml" name="movie" value="https://stream1.newswire.ca/static/StrobeMediaPlayback.swf" /><param xmlns="http://www.w3.org/1999/xhtml" name="flashvars" value="src=https://mma.prnewswire.com/media/783228/Platinum_Luxury_Auctions___equestrian_estate_Cooperstown.mp4&amp;poster=https://mma.prnewswire.com/media/783228/Platinum_Luxury_Auctions___equestrian_estate_Cooperstown.jpg?p=Medium" /><param xmlns="http://www.w3.org/1999/xhtml" name="value=" /><param xmlns="http://www.w3.org/1999/xhtml" name="allowscriptaccess" value="always" /><embed xmlns="http://www.w3.org/1999/xhtml" src="https://stream1.newswire.ca/static/StrobeMediaPlayback.swf" type="application/x-shockwave-flash" allowscriptaccess="always" true_="true_" width="560" height="315" flashvars="src=https://mma.prnewswire.com/media/783228/Platinum_Luxury_Auctions___equestrian_estate_Cooperstown.mp4&amp;poster=https://mma.prnewswire.com/media/783228/Platinum_Luxury_Auctions___equestrian_estate_Cooperstown.jpg?p=Medium"></embed></object></p> </div> <p xmlns="http://www.w3.org/1999/xhtml">The +/-335 acres represent the sum of two, separate parcels that comprise the property. One, +/-133-acre parcel contains a large residence along with a collection of outbuildings and equestrian amenities. A vacant, +/-204-acre parcel includes a conservation easement, but allows for limited development and other uses. The parcels may be offered separately or collectively at the auction, depending upon bidder interest, according to Platinum.</p> <p xmlns="http://www.w3.org/1999/xhtml">Each parcel will be sold subject to lender confirmation, meaning that the lender that owns the parcels can accept, reject, or counter the highest bid(s). &#34;While this form of lender-directed auction represents a very small percentage of our annual sales, it is ...</p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12679962/auction-date-approaches-for-335-acre-equestrian-estate-in-central-new- alt=Auction Date Approaches for 335-Acre Equestrian Estate in Central New York>Full story available on Benzinga.com</a></p> Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Mon, 12 Nov 2018 18:38:00 +0000 PRNewswire 12679962 at https://www.benzinga.com Tech-Enabled Home Renovation Company Curbio Inc. Announces $4M Series Seed Round to Fuel Hypergrowth in Real Estate Tech Space https://www.benzinga.com/pressreleases/18/11/r12679739/tech-enabled-home-renovation-company-curbio-inc-announces-4m-series-se <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">POTOMAC, Md.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /PRNewswire/ -- Curbio Inc., an emerging leader in pre-sale home renovation, announced the closing of a <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$4 million</span> Series Seed funding round. The investment will be used to continue development of Curbio&#39;s tech-enabled home renovation platform and to support expansion into new markets including <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Atlanta</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Dallas</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Houston</span>, and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Phoenix</span> in 2019 Q1. The <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Maryland</span>-based company currently operates in the metro and suburban areas of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Washington DC</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Baltimore</span>, and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Philadelphia</span>/South Jersey.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/783184/Curbio_Logo.jpg" title="Curbio is the hassle-free home renovation company that realtors trust to ensure faster home sales and greater net proceeds for sellers. Only Curbio defers payment until settlement." alt="Curbio is the hassle-free home renovation company that realtors trust to ensure faster home sales and greater net proceeds for sellers. Only Curbio defers payment until settlement." /></p> </div> <p xmlns="http://www.w3.org/1999/xhtml">The funding round was led by the Maryland Venture Fund with participation by Curbio CEO <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Rick Rudman</span> and other individual investors from the local area. <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Andy Jones</span> from the Maryland Venture Fund has also joined the Curbio Board of Directors. </p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;We ...</p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12679739/tech-enabled-home-renovation-company-curbio-inc-announces-4m-series-se alt=Tech-Enabled Home Renovation Company Curbio Inc. Announces $4M Series Seed Round to Fuel Hypergrowth in Real Estate Tech Space>Full story available on Benzinga.com</a></p> Press Releases Real Estate Press Releases Real Estate Benzinga Mon, 12 Nov 2018 17:49:00 +0000 PRNewswire 12679739 at https://www.benzinga.com Upcoming Earnings: Home Depot Takes The Stage As Housing Data Looks Mixed https://www.benzinga.com/news/earnings/18/11/12679646/upcoming-earnings-home-depot-takes-the-stage-as-housing-data-looks-mixe <p>Home improvement retailer <strong>Home Depot Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hd#NYSE">HD</a>) reports before market open on Tuesday, Nov. 13.&nbsp;</p> <p>For Q3, HD is expected to report adjusted EPS of $2.26 on revenue of $26.26 billion, according to third-party consensus analyst estimates. In the same quarter last year, adjusted EPS came in at $1.84 on revenue of $25.03 billion.&nbsp; &nbsp;</p> <p>The last time the company reported, it beat top and bottom-line estimates as seasonal sales rebounded from prolonged cold that negatively impacted spring sales at the start of the year. In Q2, comp sales were up 8 percent year over year, compared to a 4.4 percent increase in Q1. The biggest driver was the increase in customer transactions, which went from a 1.3 percent decline in Q1 to a 3.1 percent increase in Q2.&nbsp;</p> <p>Now that the seasonal lumpiness from the first half of the year is behind HD, analysts and investors are likely to be looking to see what normal performance&nbsp; could be like for the back half of the year. With the last report, management said they expect year-over-year comp sales growth of 5.3 percent.</p> <h3>State of the Housing Market</h3> <p>On last quarter&rsquo;s call, CFO Carol Tom&eacute; said that &ldquo;We continue to expect strong economic growth with the backdrop of a healthy home improvement environment.&rdquo; Now that there&rsquo;s been a few more months of housing data, investors might get an idea tomorrow if that&rsquo;s still the way management is feeling.&nbsp;</p> <p>Management cited continued home price increases, rising wages, low unemployment, and high consumer confidence as some of the reasons for their optimism. Not much has changed regarding those metrics over the past three months. However, affordability issues ...</p><p><a href=https://www.benzinga.com/news/earnings/18/11/12679646/upcoming-earnings-home-depot-takes-the-stage-as-housing-data-looks-mixe alt=Upcoming Earnings: Home Depot Takes The Stage As Housing Data Looks Mixed>Full story available on Benzinga.com</a></p> Earnings HD News S&P Case-Shiller Home Price Index TD Ameritrade Previews Options Markets Trading Ideas Real Estate HD US4370761029 News Earnings Previews Options Markets Trading Ideas Real Estate Benzinga Mon, 12 Nov 2018 17:22:28 +0000 JJ Kinahan 12679646 at https://www.benzinga.com Mobile home park in Apache Junction selling in online/live auction https://www.benzinga.com/pressreleases/18/11/r12679531/mobile-home-park-in-apache-junction-selling-in-onlinelive-auction <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">APACHE JUNCTION, Ariz.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Nov. 12, 2018</span> /PRNewswire/ -- A gated 55,000-square-foot mobile home park in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Apache Junction</span> is selling in an auction that will feature online bidding followed by a live auction on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Wednesday, December 5</span>. <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://www.zinbid.com/" rel="nofollow" rel="nofollow">Cunningham Partners LLC</a> is marketing the property, on which online bidding began <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">November 8</span>. </p> <p xmlns="http://www.w3.org/1999/xhtml">The property includes 16 rental units, 15 of which are occupied.  The mobile home park is located within walking distance (one-fourth to a half mile) to Wal-Mart, Safeway, Starbucks, and several other retail/grocery establishments according to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Carl Cunningham</span>, president of the auction company.  </p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;The ...</p><p><a href=https://www.benzinga.com/pressreleases/18/11/r12679531/mobile-home-park-in-apache-junction-selling-in-onlinelive-auction alt=Mobile home park in Apache Junction selling in online/live auction>Full story available on Benzinga.com</a></p> Banking/Financial Services Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Mon, 12 Nov 2018 17:00:00 +0000 PRNewswire 12679531 at https://www.benzinga.com