Entertainment Properties Trust, a real estate investment trust based in Kansas City, Mo., has agreed to sell 1 million shares of its common stock to JP Morgan and RBC Capital Markets.The company said it expects the net proceeds of the offering to total approximately $35.4 million. The underwriters have been granted an option to buy an additional 150,000 shares of the stock to cover any overallotments. The REIT specializes in the acquisition of high-quality real estate assets leased to entertainment operators.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
8h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
8h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
8h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
11h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25