Alexandria Real Estate Equities, a real estate investment trust based in Pasadena, Calif., has announced plans to offer 2.5 million shares of common stock.The office/laboratory REIT said the expected proceeds of approximately $240 million will be used to reduce the balance on its unsecured line of credit. Merrill Lynch, Pierce, Fenner & Smith Inc. and Banc of America Securities LLC are the joint book-running managers for the offering. The REIT has granted the underwriters an option to buy up to 375,000 additional shares to cover any overallotments.
-
Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
2h 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.
3h 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.
3h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
5h 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