Digital Realty Trust Inc., a San Francisco-based real estate investment trust, has priced a public offering of 3.5 million shares of common stock at $39.38 per share.The company said it plans to use the net proceeds from the offering to temporarily repay borrowings under its credit facility. Digital Realty has granted the underwriters an option to buy up to 525,000 additional shares of common stock to cover any overallotments. Merrill Lynch & Co. and Credit Suisse Securities served as the joint book-running managers for the offering. Digital Realty, which focuses on the ownership of technology real estate, can be found online at http://www.digitalrealtytrust.com.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24