Ashford Hospitality Trust, a real estate investment trust based in Dallas, has priced an offering of 8.0 million shares of 8.45% series D cumulative preferred stock at $25 per share.The proceeds will be used to redeem the company's series C preferred stock, Ashford said. Merrill Lynch & Co., Morgan Stanley, and Wachovia Securities were the joint book-running managers of the offering. The REIT can be found online at http://www.ahtreit.com.
-
Higher costs than expected, not just for the mortgage but for repairs and more, have recent buyers' regretting their purchase, Clever RE and Redfin found in separate reports.
1h ago -
New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
2h ago -
Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
3h ago -
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28