Pennsylvania Real Estate Investment Trust is an integrated, self-managed and self-administered real estate investment trust. Co.'s principal investment focus is on owning and operating retail...
Question-and-Answer SessionOperator Thank you, ladies and gentlemen at this time we will now begin the question and answer session. As a reminder, if you have a question please press the star followed by the one on your touchtone phone. If you would like to withdraw your...
PHILADELPHIA -- Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that it has obtained $40 million of additional funding under its previously announced unsecured term loan. New lenders to the term loan, led by Wells Fargo N.A., include National City Bank, Harleysville National Bank and Trust Company, and Citicorp...
FREEHOLD, N.J., Oct. 2 /PRNewswire/ -- The Robotti & Company 5th Annual Manufactured Housing Investor Conference that was to be held on Thursday, October 23, 2008, at The Jolly Madison Hotel in New York City, has been postponed. UMH Properties, Inc. plans to participate in the conference when...
FREEHOLD, N.J., Oct. 1 /PRNewswire-FirstCall/ -- Samuel A. Landy, President of UMH Properties, Inc. is pleased to announce that UMH has been invited to present at the 5th Annual Manufactured Housing Investor Conference sponsored by Robotti & Company. The conference will be held on Thursday, October...
- Also Draws $44 Million Under Its Revolving Credit Facility For Development Properties - PORT WASHINGTON, N.Y., Oct. 1 /PRNewswire-FirstCall/ -- Cedar Shopping Centers, Inc. today announced that it had completed a syndicated property-specific construction financing, led by Manufacturers and Traders Trust Company ("M&T Bank") in...
FREEHOLD, N.J., Oct. 1 /PRNewswire-FirstCall/ -- Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. announced that, on October 1, 2008, the Board of Directors declared a quarterly dividend of $0.18 per share payable December 15, 2008 to shareholders of record at the close of business...
NEW YORK -- Fitch Ratings affirms and simultaneously withdraws the ratings of Pennsylvania Real Estate Investment Trust as follows: --Issuer Default Rating IDR affirmed at 'BB'; --Exchangeable senior notes affirmed at 'BB'; --Preferred stock indicative affirmed at 'B+'. Fitch has revised the...
PHILADELPHIA, Sept. 26 /PRNewswire-FirstCall/ -- Alesco Financial Inc. , a specialty finance real estate investment trust, today confirmed to investors that its trust preferred securities portfolio holds no exposure to Washington Mutual Inc. WaMu. About Alesco Financial Inc. Alesco Financial Inc. is a specialty finance...
PHILADELPHIA -- Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.57 per common share, the Company's 126th consecutive distribution since its initial dividend paid in August of 1962. The dividend will be paid on September 15, 2008...
PHILADELPHIA -- Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that it has completed a $54 million financing of Paxton Towne Centre in Harrisburg, Pennsylvania. The mortgage loan, provided by U.S. Bank National Association as Lead Arranger and Administrative Agent and Aareal Capital Corp. as Syndication Agent, has a...
Conference Call to Be Held on July 24, 2008 at 2:00 PM EST to Discuss Results NEW YORK -- Gramercy Capital Corp. (NYSE: GKK), an integrated commercial real estate finance and property investment company organized as a real estate investment trust, announced today that it...
Brandywine Realty Trust (NYSE: BDN) announcedtoday that Jeff DeVuono has been promoted to the position of Executive VicePresident and Senior Managing Director, Pennsylvania Region. Mr. DeVuono, previously Senior Vice President and Managing Director ofBrandywine's Urban Region, joined the Company in January of 1997. Prior tojoining Brandywine Realty...
NEWTON, Mass. -- Senior Housing Properties Trust (NYSE: SNH) today announced the sale of three properties to Five Star Quality Care, Inc. (AMEX: FVE) for approximately $21.4 million and the amendment of certain leases. In 2003, SNH purchased 10 assisted living facilities (873 units) located...
Brandywine Realty Trust, of Radnor, says it has agreed to sell most of its Northern California properties to CIM Group Inc., Los Angeles, for $270 million in cash up front, plus $40 million in 2010. Brandywine will use the money from the sale of five buildings in Oakland, Calif.,...
* Graham Packaging to Go Public Through Transaction with Special Purpose Acquisition Company * Graham a Global Market Leader in Value-Added Custom Plastic Containers, Widely Regarded as the Technology and Innovation Leader in its Industry * Blackstone Group to Maintain Largest Ownership Stake...
* First Chicago Bancorp is a Bank Holding Company With $1.2 Billion in Assets and Seven Branches in the Chicago Metropolitan Area INDIANAPOLIS & ITASCA, Ill. -- White River Capital, Inc. (AMEX: RVR) ("White River") and First Chicago Bancorp ("First Chicago") today announced the signing...
Three floors of the historic Strawbridge & Clothier building in Center City, vacant since the once-vaunted department store shut its doors two years ago, are becoming the new home of 750 state workers, under a deal to be announced today. The lease, signed last week by the state Department...
WASHINGTON -- The joint venture of The PNC Financial Services Group, Inc. (NYSE: PNC) and Vornado/Charles E. Smith today unveiled its plan for Washington, D.C.'s first office building designed to achieve U.S. Green Building Council LEED Leadership in Energy and Environmental Design Platinum certification. LEED Platinum reflects...
PHILADELPHIA -- Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that it has come to terms on a 224,000 square foot office lease with the Commonwealth of Pennsylvania for space located on the fourth, fifth and sixth floors in the historic Strawbridge & Clothier building at...
PHILADELPHIA -- Janney Montgomery Scott LLC is proud to recognize three of their industry research analysts Debra G. Coy, Water Industry, Stephanie M. Krewson, REITs, and Mitchell B. Pinheiro, Packaged Food, for earning top spots in recent national rankings of the top brokerage analysts in the business....
Articles 2008-06-23
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