Capital Lease Funding Inc., a New York-based real estate investment trust, has announced that its stock will be added to the MSCI US REIT Index (formerly the Morgan Stanley REIT Index) after the close of business May 31.Capital Lease Funding specializes in owning and financing commercial real estate that is net leased chiefly to single tenants with investment-grade credit ratings.
Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
