Sunstone Hotel Investors Inc., San Clemente, Calif., has priced a public offering of 2.2 million shares of 8.0% series A cumulative redeemable preferred stock at $25 per share.The real estate investment trust said the shares form a single class with its outstanding shares of 8.0% series A preferred stock. Deutsche Bank was the sole bookrunner for 1.0 million shares of the offering, and certain advisory clients of Security Capital Research & Management Inc. agreed to purchase 1.2 million shares directly from Sunstone, the company reported. The REIT can be found online at http://www.sunstonehotels.com.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
30m ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
2h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
3h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
5h ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24