Investors Real Estate Trust Announces Increase in Regular Quarterly Common Share Distribution, and Declares Series A Preferred Share Distribution

Investors Real Estate Trust announced that its Board of Trustees has declared a regular quarterly distribution of 16.95 cents per share/unit payable on January 14, 2009, to common shareholders and unitholders of record at the close of business on January 2, 2009. The distribution reinvestment price will be the closing NASDAQ share price on January 14, 2009, less a discount of 5%. The Company has filed a registration statement with the Securities... 

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,... 

For IRA Investors, a Stock-Market Alternative: High-Yielding Notes Secured by Real Estate

Real estate investing in Individual Retirement Accounts will be the focus of a friendly, live Web event, open to all, as two Colorado companies collaborate to shed light on a safe and high-yielding alternative to the rollercoaster ride of financial markets. The IRA-Real Estate Investing Webinar is set for Nov. 20 from 4-5 p.m. MST. Individual questions will be answered. Register in advance at www.newdirectionira.com or www.cmyatescapital.com. Denver... 

Temple REIT announces November 2008 distribution

Temple Real Estate Investment Trust announced today a distribution of $0.10 per unit ($1.20 per unit on an annualized basis) for the month of November 2008. Payment will be made on December 15, 2008 to the Unitholders of record as of November 30, 2008. TREIT is a real estate investment trust, which is listed on the TSX Venture Exchange under the symbols TR.UN (trust units), TR.DB.A and TR.DB.B (convertible debentures). The objective of TREIT is to... 

Grubb & Ellis Company Forms Financial Services Asset Management Practice to Help Clients Create Value in Current Environment

Grubb & Ellis Company, a leading real estate services and investment firm, today announced that it has formed the Financial Services Asset Management Practice designed to provide critical services to financial institutions, special servicers and government agencies dealing with challenged real estate and mortgage assets. “The current environment is placing significant stress on a variety of our clients who are managing real estate debt as... 

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... 

Primaris Retail REIT Announces November Distribution

Primaris Retail REIT announces today its November 2008 monthly distribution in the amount of $0.1016. Payment will be made on December 15th, 2008 to holders of record as of December 1, 2008. In addition, unitholders who elect to participate in the DRIP will receive a further distribution, payable in units, equal in value to 3% of each cash distribution reinvested by them. The price at which units will be purchased with such cash distributions is based... 

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... 

Cousins Declares Fourth Quarter Common Stock Dividend and Announces Extension and Expansion of Stock Repurchase Program

Cousins Properties Incorporated announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per share, or $1.00 per share on an annualized basis, payable December 22, 2008, to common stockholders of record on December 8, 2008. The fourth quarter 2008 common stock dividend is $0.12 per share lower than the third quarter 2008 common stock dividend. “Cousins is not under stress from debt commitments or loan maturities,...