NEW YORK, Sept. 19, 2017 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) announced that Toys “R” Us (“Toys”) yesterday filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code. Vornado had previously fully reserved for its 32.5% investment in Toys, and carries this investment on its balance sheet at zero. For income tax purposes, it carries this investment at approximately $420 million which could result in a tax deduction in future periods. Further, Vornado does not hold any debt of Toys and does not guarantee any of Toys debt and has no further liability.
FREEHOLD, N.J., Sept. 19, 2017 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a brand new 298,472 square foot industrial building located at 2465 Fontaine Street, Kenton, OH at a purchase price of $18,299,032. The property is net-leased for 10 years to International Paper Company, a New York corporation. The building is situated on approximately 46 acres.
Metro Chicago Real Estate Market Saw Faster Sales of Fewer Homes in August, While Median Price Continued to Climb, RE/MAX Reports
ELGIN, Ill., Sept. 19, 2017 /PRNewswire/ -- August home sales in the metropolitan Chicago real estate market continued to show the impact of a limited supply of property listings. Compared to August 2016, total sales fell 2.5 percent to 11,505 units, the median sales price climbed 3.5 percent to $240,000, and the inventory of homes for sale was down 7.8 percent to 34,619 units.
Sabra Enters into Agreements to Acquire 49% Equity Interest in Senior Housing Joint Ventures Managed by Enlivant; Closing Expected Prior to Year End 2017; Places Sabra on Path to 100% Ownership of Portfolio
IRVINE, Calif., CHICAGO, SAN FRANCISCO and FORT WORTH, Texas, Sept. 19, 2017 (GLOBE NEWSWIRE) -- Sabra Health Care REIT, Inc. ("Sabra" or the "Company") (NASDAQ:SBRA) (NASDAQ:SBRAP), Enlivant and TPG Real Estate, the real estate platform of TPG, jointly announced today that Sabra has entered into definitive agreements to acquire a 49% equity interest in entities that collectively own 183 senior housing communities managed by Enlivant (the “Enlivant Joint Ventures”). The transaction values the portfolio at $1.62 billion and Sabra’s 49% minority interest investment at $371.0 million.
Orlando, Fla., Sept. 19, 2017 (GLOBE NEWSWIRE) -- CNL Healthcare Properties II, a real estate investment trust (REIT) focused on seniors housing and healthcare properties, announced today that the board of directors approved an estimated net asset value per share (NAV) of $10.00 for all share classes as of June 30, 2017. The per share public offering price for each class of common stock in the current offering remains unchanged at $10.93 for Class A shares, $10.50 for Class T shares and $10.00 for Class I shares effective Sept. 19, 2017.
HALIFAX, Nova Scotia, Sept. 19, 2017 (GLOBE NEWSWIRE) -- Killam Apartment REIT (TSX:KMP.UN) is pleased to announce its September 2017 monthly distribution. The distribution of $0.05167 per unit will be paid on October 16, 2017, to unitholders of record on September 29, 2017.
WOODLAND HILLS, Calif., Sept. 19, 2017 (GLOBE NEWSWIRE) -- CENTURY 21 Peak, in partnership with CENTURY 21 Real Estate LLC, participated in a one-day media roundtable event with celebrity designer and interior design influencer Sabrina Soto. The exciting discussion took place at the Beverly Wilshire hotel in Beverly Hills, CA and touched on a wide range of topics, mainly highlighting the Los Angeles real estate market as well as up and coming trends in the interior design industry. Giovany Kirakossian, a premier agent from CENTURY 21 Peak, joined the discussion and shared his insights and expertise.
CHESTERFIELD, Mo.--(BUSINESS WIRE)-- MiTek today announced that it has completed a North American sales and distribution agreement with OZCO Building Products. OZCO Building Produc
EarthTronics Introduces New High-Performance, LED Floodlight Series for Security and General Area Illumination
MUSKEGON, Mich.--(BUSINESS WIRE)-- EarthTronics, dedicated to developing innovative energy efficient lighting products that provide a positive economic and environmental impact for