Berkshire Income Realty Announces FFO of $5,411,032 for Nine Month Period Ended September 30, 2008

Berkshire Income Realty, Inc.(“Berkshire” or the “Company”) reported its results for the periods ended September 30, 2008. Financial highlights for the three and nine-month periods include: The Company’s Funds from Operations (“FFO”), a non-GAAP financial measure, for the three and nine months ended September 30, 2008 were $2,071,466 and $5,411,032, respectively, as compared to $2,259,707 and $4,235,769, respectively,... 

InStorage REIT Board of Trustees Provides Further Update, Announces Discussions With Canadian Storage Partners, ULC

The Board of Trustees of InStorage Real Estate Investment Trust (“InStorage”) (Toronto:IS-UN.TO – News) today provided a further update regarding the status of InStorage’s process to review strategic alternatives to the take-over bid made by Canadian Storage Partners, ULC (“Partners ULC”) to acquire all of the outstanding trust units of InStorage at a price of $3.75 per unit. InStorage and Partners ULC have agreed,... 

Teles Properties Celebrates Year One Anniversary With Expansion into Brentwood and Addition of Top Producing Agent Carol Whitley

Teles Properties, Los Angeles’ fastest-growing residential real estate agency, celebrates its one year anniversary with the addition of yet another top-producing agent. As the brokerage bucks the industry trend with an expansion into Brentwood, Teles Properties welcomes agent Carol Whitley to its burgeoning team of seasoned, local market realtors. “As we reflect on our first year in business, to say that we’re elated with our progress would... 

Crombie REIT announces monthly distribution

Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from November 1, 2008 to and including November 30, 2008. The distribution will be payable on December 15, 2008 to unitholders of record as at November 30, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the... 

Revenue Properties advises that shareholders approve going-private transaction proposed by Morguard Corporation

Revenue Properties Company Limited a subsidiary of Morguard Corporation (“Morguard”), announced that at its special meeting of shareholders (“Shareholders”) held earlier today in Mississauga, Ontario, Canada, Shareholders (including a majority of minority shareholders) approved the amalgamation of RPCL and 2187675 Ontario Inc. (the “Amalgamation”), an indirect wholly-owned subsidiary of Morguard, as described in... 

Andres Gavinet Appointed CFO of Younan Properties

Younan Properties, Inc., one of the nation’s largest privately-held real estate investment and asset management companies, announced that it has appointed Andres R. Gavinet to the new post of Chief Financial Officer. Mr. Gavinet will leverage his significant real estate experience to support Younan’s growing portfolio of nearly 15.0 million square feet of Class A office space. According to Zaya S. Younan, Chairman and CEO of Younan, “Andres... 

Crystal Properties Holdings Inc. Announces Strong Gains Are Projected for 2008

Crystal Properties Holdings Inc. announced the selling trends of the Las Vegas area bank-owned real estate are much more favorable than previous estimated. The acquisition team is projecting strong gains based on the quarterly market analysis and forecast. If real estate trends continue, the original projections of $12 million will reach closer to $18 million by the end of 2008. Peter Anello, the president of Crystal Properties Holdings Inc., stated,... 

RCC Launches New Company Website

RCC Holdings Corp is pleased to announce its new company website at www.rcciws.com. The new website was created to better describe the opportunities and markets that RCC/IWS now finds available to it. The company began as a wastewater treatment system company for new rural subdivisions, and now finds that its main market resides with repairing or modularly replacing systems that are currently either non-performing, or in areas where health issues... 

Guardian Management LLC Signs Agreement to Acquire Atherton-Newport Assets in Excess of 4,000 Multifamily Units

Guardian Management LLC (Guardian), a Pacific Northwest real estate investment and asset management firm specializing in multifamily housing investments, has signed preliminary agreements to acquire the real estate portfolio of Atherton-Newport Investments (ANI). ANI is a multifamily housing firm, based in Orange County California, which has been working under Chapter 11 reorganization since January. The assets to be acquired by Guardian include more... 

Cascadia Investments, Inc. Offers Corporate Update to Current and Potential Shareholders

Cascadia Investments, Inc. announced today that the company, as stated in previous releases, is currently in the process of strategically positioning the company to take advantage of the impending market bottom and the resulting opportunities. Several targeted acquisitions are currently being assessed and Cascadia is positioning itself to reap the benefits by increasing assets at advantageous prices. This year, foreclosure rates are up 82.6% year-to-date...