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Freddie Mac Announces K-AIV, Single Borrower Offering of Approximately $538 Million in Multifamily Securities
Monday, May 23, 2011 - 10:56am | 74Read More...Freddie Mac (OTC: FMCC) today announced a new offering of Structured Pass-Through Certificates, multifamily mortgage-backed securities. The company expects to offer approximately $538 million in K Certificates, which are backed by 19 multifamily properties owned by Apartment Investment &...
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Apartment Investment & Management Refinances, Extends And Fixes Debt
Monday, May 23, 2011 - 7:39am | 92Read More...In a recent report from Keefe, Bruyette & Woods, Apartment Investment & Management (NYSE: AIV) is refinancing, extending and fixing parts of their debt now that the Apartment fundamentals industry are now in recovery. Keefe, Bruyette & Woods maintains a $31.00 price target on AIV. In...
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A Peek Into The Market Before The Trading Starts
Monday, May 23, 2011 - 7:28am | 414Read More...Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 121 points to 12,345.00 and futures on the S&P 500 stock index fell 13.10 points to 1,314.70. Nasdaq 100 futures dropped 24.25 points to 2,319.25. A Peek Into Global Markets Asian...
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Education Realty Trust Acquires Collegiate Housing Community Adjacent to the University of California, Berkeley for $16.3M
Monday, May 23, 2011 - 7:03am | 113Read More...Education Realty Trust Inc. (NYSE: EDR) today completed the purchase of Westminster House, an historic collegiate housing community adjacent to the University of California, Berkeley for $16.3 million. The Westminster House community, comprised of two buildings adjacent to the north and south...
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Apartment Investment and Management Company Sees Q2 FFO of $0.18 to $0.22
Friday, May 20, 2011 - 9:46am | 113Read More...Apartment Investment and Management Company (NYSE: AIV) announced today that it has completed a series of financing transactions over the last six months that repaid 19 non-recourse property loans scheduled to mature between 2012 and 2016 with proceeds from new long-term, fixed-rate, non-recourse...
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Apartment Investment Cut to Sell From Neutral at Goldman Sachs
Friday, May 20, 2011 - 7:35am | 22Read More...Goldman Sachs cut its rating on Apartment Investment (NYSE: AIV) from Neutral to Sell.
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UMH Properties Announces 1M Share Offering of Series A Cumulative Redeemable Preferred Stock
Wednesday, May 18, 2011 - 2:14pm | 83Read More...UMH Properties, Inc. (NYSE: UMH) today announced the launch of an underwritten public offering of 1,000,000 shares of the Company's Series A Cumulative Redeemable Preferred Stock, under an existing shelf registration statement. The underwriters are expected to be granted a 30-day over-allotment...
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UPDATE: Wunderlich Initiates Post Properties at Hold (PPS)
Wednesday, May 11, 2011 - 8:17am | 105Read More...Wunderlich is out with its report today on Post Properties (NYSE: PPS), initiating coverage at Hold. In a note to clients, Wunderlich writes, "We are initiating coverage of Post Properties, Inc. with a Hold rating and a $41 price target on the shares. We expect current portfolio and development...
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Wunderlich Securities Initiates Coverage On BRE
Wednesday, May 11, 2011 - 7:51am | 141Read More...Wunderlich Securites is initiating coverage on BRE Properties (NYSE: BRE) with a Buy rating and a price target set at $54. Says Wunderlich, in its report, “We are initiating coverage of BRE Properties, Inc. (BRE) with a Buy rating and a $54 price target on the shares. We believe the company's...
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Essex Announces Joint Venture and Acquires Interest in 373-Unit Oxnard Community for $92M, May Invest Up To $500M (ESS)
Tuesday, May 10, 2011 - 4:59pm | 156Read More...Essex Property Trust, Inc. (NYSE: ESS) a fully integrated Real Estate Investment Trust that invests in apartment communities located in highly desirable, supply-constrained markets, announced today that the Company has acquired Arbors at Parc Rose, a 373-unit community located in Oxnard, California...
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Credit Suisse Initiates Coverage On Apollo Global Management At Outperform
Monday, May 9, 2011 - 10:12am | 160Read More...Credit Suisse sees strong secular growth dynamics for private equity and credit investing, its outlook for improved capital markets conditions and a solid track record of investment performance with significant realization opportunities ahead underpin its constructive thesis for Apollo Global...
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UPDATE: Morgan Keegan Raises PT on Essex Property Trust to $154 (ESS)
Monday, May 9, 2011 - 9:39am | 121Read More...Morgan Keegan is out with its report today on Essex Property Trust (NYSE: ESS), raising its PT from $145 to $154. In a note to clients, Morgan Keegan writes, "Our 12-month target price is raised by $9 per share, from $145 to $154 per share, which would represent a multiple of 24.7x our 2012 FFO/...
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KBW Maintains Outperform on BRE Properties (BRE)
Monday, May 9, 2011 - 7:51am | 111Read More...KBW is out with its report today on BRE Properties (NYSE: BRE), maintaining Outperform. In a note to clients, KBW writes, "BRE issued 9.2M shares (assuming full greenshoe) at $48.00/sh, grossing $442M. Initial use of proceeds includes preferred redemption, asset purchase & line paydown and is...
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KBW Raises MAA Target To $71
Monday, May 9, 2011 - 7:28am | 29Read More...KBW is raising its PT on shares of Mid-America Apartment Communities Inc. (NYSE: MAA) to $71. Mid-America Apartment Communities closed Friday at $67.54.
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BRE Properties 8M Share Offering Priced at $48 per Share
Friday, May 6, 2011 - 9:16am | 90Read More...BRE Properties, Inc. (NYSE: BRE) today announced the pricing of its public offering of 8,000,000 shares of its common stock at a price of $48.00 per share. The company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock to cover over-...

