Charter Real Estate Investment Trust (“Charter REIT”) is pleased to announce a $0.01333 per unit distribution for November 2008. The distribution will be paid on December 15, 2008 to unitholders of record on November 28, 2008. Charter REIT offers a distribution reinvestment plan whereby residents of Canada may elect to have their cash distributions reinvested in additional units of Charter REIT. To date, approximately 27% of the total...
Signaling its intent to step-up acquisition efforts, Watt Companies has added two seasoned executives to lead the firm’s acquisition activities, with a focus on office opportunities and retail development. John Lee has joined Watt Realty Advisors as Vice President with responsibility for office acquisitions and brings significant experience with major firms in California as well as Texas. Kenneth Hira joins Watt Commercial Properties to reload their...
Signaling its intent to step-up acquisition efforts, Watt Companies has added two seasoned executives to lead the firm’s acquisition activities, with a focus on office opportunities and retail development. John Lee has joined Watt Realty Advisors as Vice President with responsibility for office acquisitions and brings significant experience with major firms in California as well as Texas. Kenneth Hira joins Watt Commercial Properties to reload their...
Headline of release should read Golf Trust of America, Inc. Announces Stock Repurchase Program (sted Golf Trust of America, Inc. Announces Stock Purchase Program). Golf Trust of America, Inc. announced today that its Board of Directors authorized the repurchase of up to $500,000 in shares of the Company’s common stock. “During this period of extreme market volatility, our strong balance sheet and surplus liquidity allow us to enhance shareholder...
Headline of release should read Golf Trust of America, Inc. Announces Stock Repurchase Program (sted Golf Trust of America, Inc. Announces Stock Purchase Program). GOLF TRUST OF AMERICA, INC. ANNOUNCES STOCK REPURCHASE PROGRAM Golf Trust of America, Inc. announced that its Board of Directors authorized the repurchase of up to $500,000 in shares of the Company’s common stock. “During this period of extreme market volatility, our strong...
Chartwell Seniors Housing Real Estate Investment Trust (“Chartwell REIT”) announced today a cash distribution of $0.06167 per Trust Unit for the month of November, 2008. The cash distribution will be payable on December 15, 2008 to Unitholders of record on November 28, 2008. Unitholders can participate in Chartwell’s Unitholder Distribution Reinvestment Plan (DRIP). Eligible investors registered in the DRIP will have their monthly...
Corporate Office Properties Trust announced today that it is breaking ground on the first building at North Gate Business Park in Aberdeen, Maryland. A ceremony will be held today at the site beginning at 11:30 am Eastern Time. When completed, North Gate Business Park will be a 765,000 square foot business park that will include a small portion of retail space that will support the park. The business park is strategically located on Route 22 at the...
Eastern Light Capital, Incorporated. a specialty lender organized as a real estate investment trust (“REIT”), announced net income of $5,244 ($0.01 basic and diluted per share) for the three months ended September 30, 2008, as compared to net loss of $764,368 (($2.01) basic and diluted) for the like period in 2007. ELC also reported net income of $16,610 ($0.04 basic and diluted per share) for the nine months ended September 30, 2008 as...
Weingarten Realty Investors and Hines Real Estate Investment Trust, Inc. (“Hines REIT”) announced the formation of a joint venture transaction in which a subsidiary of Hines REIT will acquire a 70% interest in a WRI portfolio of 12 high-volume supermarket-anchored shopping centers. The aggregate transaction price is approximately $271 million and the transaction will close on multiple dates. The initial closing occurred on November 13,...
Ventas, Inc. that management will make a presentation regarding the Company at the Bank of America 2008 Credit Conference in Orlando, Florida on Friday, November 21, 2008, at 9:10 a.m. Eastern Time. The presentation will be audio-webcast and may be accessed through the Company’s website at www.ventasreit.com. Any written materials accompanying the presentation will also be available on the Company’s website at the time of the presentation. The...