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Bruce A. Riggins Appointed CFO for LaSalle Hotel Properties
Wednesday, January 5, 2011 - 10:15am | 43LaSalle Hotel Properties (NYSE: LHO) today announced that Mr. Bruce A. Riggins has been appointed Executive Vice President and Chief Financial Officer effective January 24, 2011. Mr. Riggins is currently Chief Financial Officer of Interstate Hotels & Resorts.
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Plum Creek Retires $463 million of Debt
Wednesday, January 5, 2011 - 10:09am | 31Plum Creek (NYSE: PCL) announced that it has used the proceeds from its recent $575 million, 4.7 percent bond issuance to prepay $463 million of debt.
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Senior Housing Properties Trust Announces Regular Quarterly Dividend of $0.37
Tuesday, January 4, 2011 - 5:30pm | 52Senior Housing Properties Trust (NYSE: SNH) today announced its regular quarterly common share dividend of $0.37 per common share. The regular quarterly dividend will be paid to common shareholders of record as of the close of business on January 14, 2011 and distributed on or about February 11,...
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Harvey Lenkin Retires From Public Storage Board
Tuesday, January 4, 2011 - 10:02am | 58Public Storage (NYSE: PSA) announced today that Harvey Lenkin has retired from the Board of Trustees of Public Storage effective January 3, 2011 after nearly 20 years of service on the Board. Mr. Lenkin also served in a wide variety of executive positions with the Company from 1978 until his...
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Sovran Self Storage, Inc. Announces $0.45 Dividend on Common Stock
Monday, January 3, 2011 - 5:31pm | 76The Board of Directors of Sovran Self Storage, Inc. (NYSE: SSS), a self storage real estate investment trust (REIT), announced today the Company's quarterly dividend of $.45 per share of common stock. The annualized dividend of Sovran Self Storage, Inc. is $1.80 per share, which, based on today's...
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Host Hotels Stays Neutral - Analyst Blog
Monday, January 3, 2011 - 1:03pm | 582We maintain our 'Neutral' rating on Host Hotels & Resorts Inc. (HST), the largest lodging real estate investment trust (REIT) in the U.S. Host Hotels is one of the largest owners of luxury and upper-upscale hotels, primarily operated under premium brands, such as Marriott, Westin, Sheraton...
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Host Hotels Stays Neutral - Analyst Blog
Monday, January 3, 2011 - 12:30pm | 582We maintain our 'Neutral' rating on Host Hotels & Resorts Inc. (HST), the largest lodging real estate investment trust (REIT) in the U.S. Host Hotels is one of the largest owners of luxury and upper-upscale hotels, primarily operated under premium brands, such as Marriott, Westin, Sheraton...
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LTC Declares Its Monthly Common Stock Cash Dividend of $0.14/sh
Monday, January 3, 2011 - 10:31am | 70LTC Properties, Inc. (NYSE: LTC) announced today that it had declared a monthly cash dividend on its common stock for the first quarter of 2011. The Company declared a monthly cash dividend of $0.14 per common share per month for the months of January, February and March 2011, payable on January...
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LaSalle Hotel Properties Announces Sale of Chicago Joint Venture Property
Wednesday, December 29, 2010 - 2:47pm | 114LaSalle Hotel Properties (NYSE: LHO) today announced that Modern Magic Hotel, LLC, a joint venture in which the Company holds a 95.0% controlling interest, closed on the sale of the joint venture's portion of the building located at 330 N. Wabash Avenue in downtown Chicago, IL for $58.8 million....
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Ventas Acquires Assets in Wisconsin - Analyst Blog
Monday, December 27, 2010 - 11:33am | 413Ventas Inc. (VTR), a leading health care real estate investment trust (REIT), has recently acquired five Class A medical office buildings (MOB) in Wisconsin for $36.6 million. The acquisition was made through Lillibridge Healthcare Services Inc., a wholly-owned subsidiary of Ventas. The medical...
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Ventas Acquires Assets in Wisconsin - Analyst Blog
Monday, December 27, 2010 - 10:15am | 413Ventas Inc. (VTR), a leading health care real estate investment trust (REIT), has recently acquired five Class A medical office buildings (MOB) in Wisconsin for $36.6 million. The acquisition was made through Lillibridge Healthcare Services Inc., a wholly-owned subsidiary of Ventas. The medical...
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Morgan Keegan Has Outperform Rating On Health Care REIT (HCN)
Monday, December 27, 2010 - 8:05am | 140Morgan Keegan has an Outperform rating and a $55 price target on shares of Health Care REIT, Inc. (NYSE: HCN). In a note sent to clients, Morgan Keegan writes, "Health Care REIT is purchasing four senior housing properties from a joint venture and leasing them to Capital Senior Living (CSU-$6.87,...
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Capital Senior Living Corporation Announces a Four Community Lease Transaction
Wednesday, December 22, 2010 - 5:47pm | 126Capital Senior Living Corporation (NYSE: CSU) announced today that joint ventures in which it holds a five percent partnership interest, have entered into an agreement to sell four senior living communities to Health Care REIT, Inc. (NYSE: HCN). Upon closing the transaction, anticipated in the...
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Ashford Declares 4Q Dividends of $0.53
Tuesday, December 21, 2010 - 1:00pm | 65Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced the Board of Directors declared a quarterly cash dividend of $0.5344 per diluted share for the Company's 8.55% Series A Cumulative Preferred Stock for the fourth quarter ending December 31, 2010. The dividend, which equates to an annual...
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Wells Fargo Initiating SSS Coverage With MP Rating
Tuesday, December 21, 2010 - 11:01am | 106Wells Fargo is initiating coverage of Sovran Self Storage, Inc. (NYSE: SSS) with a Market Perform rating and a 12-month valuation range of $36-38 per share. “While the current valuation appears attractive relative to its public peers and the balance sheet remains solid, fundamentals have lagged and...