The owner of money-losing shared office provider WeWork told employees on Thursday it has slashed its cash burn rate almost in half from the end of last year and obtained a $1.1 billion commitment in new financing from majority owner SoftBank Group Corp. The company said in an e-mail to employees that its second-quarter results show the coronavirus pandemic has hurt business but its financial p...
China's new home prices rose at a slightly slower monthly pace in July but growth remained steady, data showed on Friday, as consumer confidence continues to recover from the coronavirus crisis. Average new home prices in 70 major cities rose 0.5% from July, compared with a 0.6% increase in June, Reuters calculations showed.
Aareal Bank AG: * DGAP-ADHOC: AAREAL BANK SELLS 30 PER CENT STAKE IN IT SUBSIDIARY AAREON TO ADVENT INTERNATIONAL. * FINANCIAL TERMS OF SALE ARE BASED ON AN ENTERPRISE VALUE FOR AAREON OF APPROXIMATELY EUR 960 MILLION. * PURCHASE PRICE FOR 30% STAKE OF APPROXIMATELY EUR 260 MILLION, PAYABLE IN CASH. * AAREAL BANK GROUP WILL REALISE A CAPITAL GAIN OF APPROXIMATELY EUR 180 MILLION FROM TRANSACTION.
Automotive Properties Real Estate Investment Trust: * AUTOMOTIVE PROPERTIES REIT REPORTS FINANCIAL RESULTS FOR SECOND QUARTER OF 2020. * QTRLY RENTAL REVENUE $18.8 MILLION VERSUS $16.4 MILLION. * QTRLY FFO PER UNIT $0.222. * QTRLY AFFO PER UNIT $0.205 Source text for Eikon: Further company coverage:
SEAL BEACH, Calif. The Roadmap to Homeownership answers three key questions: Low interest rates, coupled with the benefits of a long-term investment of buying a home in the current market can be appealing to current eligible renters. Olson makes it an easy decision for being the community of choice for many prospective homebuyers.
HOUSTON, Aug. 13, 2020 The valuation process is now more efficient than ever, thanks to the launch of Market Valuation Services' latest software, Fully Loaded Asset Report Evaluator. Ryan Moore, CSO of Market Valuation Services.
Boardwalk Real Estate Investment Trust : * BOARDWALK REIT REPORTS SECOND QUARTER FUNDS FROM OPERATIONS PER UNIT GROWTH OF 4.4% * BOARDWALK REAL ESTATE INVESTMENT TRUST QTRLY FFO OF $0.71 PER TRUST UNIT. * BOARDWALK REAL ESTATE INVESTMENT TRUST - EXCLUDING RETIREMENT COSTS, QTRLY FFO OF $0.75 PER TRUST UNIT.
The We Company, owner of WeWork, told employees on Thursday that it cut its cash burn rate almost in half to $671 million from the end of last year and obtained a $1.1 billion commitment in new financing from majority owner SoftBank.
Northview Apartment REIT: * PROVIDES TRANSACTION AND COVID-19 UPDATES, ANNOUNCES Q2 2020 FINANCIAL RESULTS. * QTRLY TOTAL REVENUE $98.3 MILLION, UP 0.7% * QTRLY FFO PER UNIT $0.53. * Q2 FFO PER SHARE VIEW C$0.54 -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:
BETHESDA, Md., Aug. 13, 2020 Walker & Dunlop (WD), Inc. announced today that it arranged bridge financing in the amount of $51,884,493 for The Rise Central, a newly built, 230-unit apartment project in downtown Beaverton, Oregon. The Rise Central is located in a burgeoning business district less than ten miles from downtown Portland, Oregon.
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