Real Estate: Mortgage

Blackstone Mortgage Trust Announces Pricing Of Public Offering Of Convertible Senior Notes

NEW YORK, March 22, 2018 -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the "Company") today announced the pricing of an underwritten public offering of $220.0 million aggregate principal amount of its 4.75% convertible senior notes due 2023 (the "Notes"). The offering is expected to close on March 27, 2018 and is subject to customary closing conditions. The offering will generate gross proceeds of approximately $220.0 million, or $253.0 million if the underwriters exercise their option...

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Forest City Announces Conclusion of Strategic Review Process and Substantial Board Refreshment

CLEVELAND, March 22, 2018 -- Forest City Realty Trust, Inc. (NYSE: FCEA) ("Forest City" or the "Company") announced today that its Board of Directors concluded its previously announced review of strategic alternatives. After extensive evaluation and deliberation, including review and analysis of multiple offers, the Board has determined that stockholder value would be better enhanced on a standalone basis than by pursuing a transaction on the terms and pricing indicated by the offers received. The...

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FRP Holdings, Inc. (NASDAQ-FRPH) Announces Contract to Sell its Industrial Warehouse Portfolio to Blackstone for $358.9 Million

JACKSONVILLE, Fla., March 22, 2018 -- FRP Holdings, Inc. (the “Company”) (NASDAQ-FRPH) today announced that it has entered into a contract to sell its 41 industrial warehouses and two adjacent lots to an affiliate of Blackstone Real Estate Partners VIII, L.P. (“Blackstone”), for a total purchase price of $358.9 million. The sale is subject to customary closing conditions, including approval by the Company’s shareholders. The transaction is expected to close in the second or third quarter...

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IBERIABANK Corporation to Announce First Quarter Results and 2020 Strategic Goals

LAFAYETTE, La., March 22, 2018 -- IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 131-year-old IBERIABANK (www.iberiabank.com), announced today that it will release first quarter 2018 results along with its 2020 Strategic Goals after the close of business on Thursday, April 19, 2018, and follow with a conference call the next morning. The first quarter release of earnings, the Company's 2020 Strategic Goals, and related supplemental presentation materials...

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Western Asset Mortgage Capital Corporation Declares First Quarter Dividend Of $0.31 Per Share

PASADENA, Calif., March 22, 2018 -- Western Asset Mortgage Capital Corporation (the "Company") (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.31 per share for the first quarter of 2018. Today's dividend is payable on April 26, 2018 to common shareholders of record as of April 2, 2018, with an ex-dividend date of March 29, 2018.    In addition, the Company estimates that its book value per share, as of February 28, 2018, was approximately...

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Money One FCU and Pyramid FCU to Offer CU RateReset Products

“The CU RateReset solutions give us an affordable way to enter into our digital transformation journey with award winning and tested solutions that we know will make a difference.” Dustin Powell, Vice President of Lending for Pyramid FCU MCLEAN, Va. March 22, 2018 CU RateReset, the provider of Financial Product Reset, Acquisition and Retention Software, today announced that Money One Federal Credit Union and Pyramid Federal Credit Union have agreed to license its Reset Auto and Digital...

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Pappas: $94 million in property tax refunds available on new website

CHICAGO, March 22, 2018 -- Cook County property owners can recover $94.1 million in tax overpayments by going to cookcountytreasurer.com, Treasurer Maria Pappas said today. The money is unclaimed even though since 2009 nearly $544 million in overpayments has been refunded or prevented by the Treasurer's Office. Because refund claims often are disputed among different payers, including mortgage companies, banks, buyers and sellers, the application requires proof that the refund applicant paid...

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Freddie Mac March 2018 Outlook

Freddie Mac March 2018 Outlook SOURCE: Freddie Mac March 22, 2018 12:00 ET Home Price Appreciation: Winners and Losers MCLEAN, VA--(Marketwired - Mar 22, 2018) - Freddie Mac (OTCQB: FMCC) today released its monthly Outlook for March, which looks at how increasing home prices are helping many current homeowners build equity, while making it more difficult for many first-time homebuyers to achieve homeownership. Outlook Highlights  While...

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Ally teams with Drive Motors to Provide Digital Financing that Allows Consumers to Shop Online for Vehicles Directly from Dealer Websites

LAS VEGAS, March 22, 2018 -- Ally Financial Inc. and Drive Motors today announced that they have entered into a strategic relationship naming Ally the preferred finance company for Drive Motors. The agreement provides Ally with the opportunity to receive consumer financing applications submitted digitally by dealerships using Drive Motors' software, which is an e-commerce solution for dealership websites. "Drive Motors' cutting-edge business model offers dealers a convenient...

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Green Brick Partners Announces New Community in Suwanee, Georgia

PLANO, Texas and SUWANEE, Ga., March 22, 2018 -- Green Brick Partners, Inc. (NASDAQ:GRBK) (“Green Brick”) in conjunction with its Team Builder, The Providence Group, today announced it will be the first builder in the multi-phase development Harvest Park, a 208-home community in Suwanee, Georgia. The Providence Group is slated to construct 38 single-family homes and 61 townhomes for a total of 99 homes in the community.“We are excited to have The Providence Group as one of the premiere builders...

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Mortgage Rates Hold Steady After Last Week's Drop

Mortgage Rates Hold Steady After Last Week's Drop SOURCE: Freddie Mac March 22, 2018 10:00 ET MCLEAN, VA--(Marketwired - Mar 22, 2018) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing little change to mortgage rates after falling for the first time in 2018 last week. News Facts 30-year fixed-rate mortgage (FRM) averaged 4.45 percent with an average 0.5 point...

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Large Business Innovator: Bentall Kennedy Wins 2018 GLOBE Climate Leadership Award

TORONTO & OTTAWA, Ontario--(BUSINESS WIRE)--Bentall Kennedy received the Climate Leadership Award for the Large Business Innovator category in a ceremony held at the GLOBE Forum 2018 – Leadership Summit for Sustainable Business. Adjudicated by an independent panel, the award was presented to Bentall Kennedy by award sponsors: The Minister of Environment and Climate Change, the Honourable Catherine McKenna; John Dillon, Senior Vice President, Policy and Corporate Counsel for the Business Council...

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Block One Capital Inc. Provides Update on Finzat

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, March 22, 2018 -- Block One Capital Inc. (TSXV:BLOK) (OTCQB:BKPPF) (Frankfurt:ES3) (the “Company” or “Block One”), an investment company focused on high growth opportunities in the blockchain and digital currency mining sector, is pleased to provide an update on its investment company: Finzat Block LLC (“Finzat”).Finzat is a New York, USA based...

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