The housing slump continues to deepen, gathering pace across new and existing home sales; something investors will have to keep in mind as they assess the Westpac move on St George.
Housing finance is the safest and most profitable form of bank lending, especially with all the added services for personal banking like credit cards, personal [...]
Ventas, Inc. responded to the Sunrise Senior Living Real Estate Investment Trust announcement that it has received an amended, conditional proposal from Health Care Property Investors, Inc. (”HCP”). Ventas noted that HCP has now added an express condition to its proposal. The agreement that Ventas has with Sunrise REIT was entered into after a [...]
The Mills Corp. has agreed to be purchased by a joint venture of Simon Property Group Inc. and Farallon Capital Management LLC, Mills’ largest shareholder, for $25.25 per common share in cash, plus assumed debt.
Chevy Chase, Md.-based The Mills Corp. owns and operates the St. Louis Mills mall in Hazelwood, Mo.
Mills said Friday that [...]
The Mills Corp., which owns the Great Mall in Milpitas, and Farallon Capital Management LLC said Friday they’ve reached an agreement for Simon Property Group entity and funds managed by Farallon to purchase The Mills for about $1.64 billion.
The deal between San Francisco-based Farallon and Mills Corp. calls for about $25.25 per common share in [...]
Hospitality Properties Trust announced that it has commenced a public offering of 4,000,000 common shares of beneficial interest. HPT expects to use the net proceeds to repay a portion of the debt incurred to fund its recently completed acquisition of TravelCenters of America, Inc.. The underwriters will be granted a 30-day option to purchase up [...]
Lexington Realty Trust, a real estate investment trust (REIT) focused on single-tenant real estate investments, announced it has priced its public offering of 6.0 million shares of 7.55% Series D Cumulative Redeemable Preferred Stock at a price of $25.00 per share. Net proceeds from the offering are expected to be $145.0 million, after underwriters’ discounts [...]
Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, today announced that Kenneth J. LeStrange, Chief Executive Officer, is scheduled to speak at the Merrill Lynch Insurance Investors Conference to be held at The Millennium Broadway Hotel in New York City. The presentation will take place on Wednesday, February 14, [...]
Infinity Property and Casualty Corporation, announced Mr. James R. Gober, Chairman, President and CEO will speak at the Merrill Lynch Insurance Investor Conference in New York on Tuesday, February 13, 2007 at 11:55 a.m. (ET). A live webcast will be available at http://ir.ipacc.com. A replay of the webcast will be available until Tuesday, February 27.
Infinity [...]
XL Capital Ltd announced that Mr. Brian M. O’Hara, President and Chief Executive Officer of XL Capital Ltd, is scheduled to present at the Merrill Lynch Insurance Investor Conference at the Millennium Broadway Hotel located at 145 West 44th Street in New York City on Wednesday, February 14, 2007, at 8:45 a.m. EST.
A live webcast [...]
Anthracite Capital, Inc. announced that it has priced an underwritten public offering of 3,000,000 shares of 8.25% Series D Cumulative Redeemable Preferred Stock.
The securities have a $25 liquidation preference per share and will pay a dividend of 8.25% per annum. Bear, Stearns & Co. Inc. was the sole bookrunner of the offering with Stifel Nicolaus, [...]
Senior Housing Properties Trust announced that it commenced a public offering of 4,500,000 common shares. All of the shares will be issued by SNH. SNH expects to use the proceeds of this offering to repay borrowings outstanding under its revolving credit facility and for general business purposes. It is contemplated that the underwriters will also [...]
Senior Housing Properties Trust announced that it has priced a public follow-on offering of 6,000,000 common shares of beneficial interest at a price of $26.49 per share. The settlement of this sale is expected to occur on Monday, February 12, 2007. SNH expects to use the proceeds of the offering to repay borrowings outstanding under [...]
