Senior Housing Properties Trust, a real estate investment trust based in Newton, Mass., has priced a public offering of 5.6 million common shares of beneficial interest at $21.85 per share. The joint book-running managers of the offering are UBS Investment Bank, Merrill Lynch & Co., and Morgan Stanley & Co. The REIT said it has granted the underwriters an option to buy up to 840,000 additional shares to cover any overallotments. The company can be found online at http://www.snhreit.com.
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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.
6h ago -
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.
7h ago -
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
10h ago -
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.
May 6 -
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.
May 6 -
Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
May 6