American Campus Communities, Austin, Texas, has priced an initial public offering of 12 million shares of common stock at $17.50 per share.The real estate investment trust, which focuses on the financing, development, and management of student housing, said the shares will trade on the New York Stock Exchange under the symbol ACC. Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. were the joint book-running managers of the offering. ACC said it has granted the underwriters an option to buy up to 1.815 million additional shares to cover any overallotments.
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New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
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Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28