Senior Housing Properties Trust, a real estate investment trust based in Newton, Mass., has priced a follow-on public offering of 5.0 million common shares of beneficial interest at $22.06 per share.The joint book-running managers of the offering are UBS Investment Bank and Merrill Lynch & Co. The REIT said it has granted the underwriters an option to buy up to 750,000 additional shares to cover any overallotments. The company can be found online at http://www.snhreit.com.
-
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
3h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
7h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
10h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24