Windrose Medical Properties Trust, Indianapolis, has priced a public offering of 3.0 million common shares of beneficial interest at $14.10 per share.Windrose, a real estate investment trust with additional offices in Nashville, Tenn., said it plans to use the net proceeds (approximately $40.7 million) of the offering to fund part of the purchase price of a previously announced acquisition of a 22-property portfolio in Arizona, California, Georgia, and Florida. Cohen & Steers Capital Advisors LLC and Robert W. Baird & Co. acted as placement agents for the offering. The REIT can be found online at http://www.windrosempt.com.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
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One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
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There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
4h ago -
Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
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May 10