General Growth Properties, Chicago, one of the largest commercial REITs in the nation, said director Glen Rufrano has resigned from its board. In a new SEC filing, the company said his departure "is not due to any disagreement between Mr. Rufrano" and the company. General Growth is a real estate investment trust that invests and owns shopping malls, master planned communities, and other CRE assets.
The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.
Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.
The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
The arm of the asset management giant is paying over $100 million for the Cherry Hill business started in part with Freedom Mortgage over a decade ago.
The average down payment across the list was 17.1%, well above 13.1% nationally, and the median credit score was 766, compared with 747 countrywide.
HBT Financial in Bloomington, Illinois, has agreed to acquire Tri-County Financial Group in a deal valued $204.6 million.
