REIT Watch: Pure Multi-Family Plans $45.5 Million Property Acquisition and $35 Million Equity Issuance

RioCan Completes Sale of C$200 Million Unsecured Debentures, Crombie and Dundee REITs To Pay April Dividend on May 15

UK house prices show 9.5% year-on-year increase Next
REIT Watch: Pure Multi-Family Plans $45.5 Million Property Acquisition and $35 Million Equity Issuance

United States

Pure Multi-Family REIT

Pure Multi-Family REIT (CVE:RUF.U) said on Thursday, April 18, that it has entered into an agreement to buy a multi-family apartment community located in Irving, Texas, for the price of $45.5 million (₤29.7 million). The property, known as Vistas at Hackberry Creek, consists of 560 residential units located in 54 buildings on a 24.5 acre site. "We are pleased to be adding Vista at Hackberry Creek to our portfolio. The property is very well located and maintained by its current institutional owner. This acquisition adds significantly to our portfolio of higher quality multi-family properties in the growing Dallas-Fort Worth metroplex, one of our core markets,” Stephen Evans, chief executive of Pure Multi-Family REIT, said in a company statement.

Pure Multi-Family also said on Thursday that it is going to sell to a syndicate of underwriters co-led by National Bank Financial and Canaccord Genuity Corp. seven million shares at a price of $5 per share for gross proceeds of $35 million (₤22.9 million). The real estate investment trust has also granted underwriters an overallotment option, allowing them to buy an additional 1.05 million shares on the same terms and conditions. The share sale is expected to close on or about May 9.

Sabra Healthcare REIT to Disclose Q1 2013 Results on May 1

Sabra Healthcare REIT (NASDAQ:SBRA) said on Thursday, April 18, that it will release its first quarter financial results after the New York Stock Exchange closes on May 1. The real estate investment trust will host a conference call on May 2 at 10:00 AM Pacific Time to discuss the results.

Select Income REIT to Disclose Q1 2013 Results on May 2

Select Income REIT (NYSE:SIR) said on Thursday, April 18, that it will release its first quarter financial results before the New York Stock Exchange opens on May 2. The real estate investment trust will also host a conference call at 1:00 PM Eastern Time to discuss the results.

Canada

RioCan REIT

RioCan REIT (REI.UN) said on Thursday, April 18, that it has completed its sale of C$200 million (₤128 million) principal amount of Series T senior unsecured debentures. The underwriting syndicate for the offering was co-led by BMO Capital Markets, TD Securities and RBC Capital Markets. The debentures have a coupon rate of 3.725 percent and will mature on April 18, 2023.

Crombie REIT to Pay C$0.07417 per Share in April Dividend

Crombie REIT (TSE:CRR.UN) said on Thursday, April 18, that it will pay C$0.07417 per share in dividend for April 2013. The payment will be made on May 15 to shareholders of record on April 30.

Dundee REIT to Pay C$0.18666 per Share in April Dividend

Dundee REIT (TSE:D.UN) said on Thursday, April 18, that it will pay C$0.18666 per share in dividend for April 2013. The payment will be made on May 15 to shareholders of record on April 30.

Pure Multi-Family REIT’s share price was $5.18 as of 19.04.2013, 07.30 GMT.

Sabra Healthcare REIT’s share price was $29.45 as of 19.04.2013, 07.30 GMT.

Select Income REIT’s share price was $27.81 as of 19.04.2013, 07.30 GMT.

RioCan REIT’s share price was C$28.11 as of 19.04.2013, 07.30 GMT.

Crombie REIT’s share price was C$15.04 as of 19.04.2013, 07.30 GMT.

Dundee REIT’s share price was C$35.67 as of 19.04.2013, 07.30 GMT.

0 Brokers added for comparison:
Clear all