Highwoods Properties Inc., a real estate investment trust based in Raleigh, N.C., has announced the pricing of 5 million shares of its common stock. The net proceeds of approximately $195.2 million will be used initially to repay borrowings under its $450 million unsecured revolving credit facility, Highwoods said. The company can be found on the Web at http://www.highwoods.com.
A memo from Fannie Mae and Freddie Mac has separate links for each company's form to ask for the policy exception for compliance with the Nov. 2 deadline.
Better must formally accept the proxy results, which would move forward the founder's plan to reshape the board of directors and tap a new interim CEO.
Nearly 21% of the homes for sale were reduced in price during September, the highest for the month on record, while inventory grew over 5%, Realtor.com noted.
Home value fell in real terms, as inflation ran 1.5 percentage points above price growth, down slightly from 3.5% in June, according to the Case-Shiller index.
The Federal Reserve's preferred measure of inflation came in lower for August than it had in earlier months, but a recent methodology change raises questions about the strength of the signal.
New York Life's investment arm is buying a majority stake in Verus' parent, as higher rates draw insurers to non-QM. Lenders should expect deeper-pocketed buyers and competition.
