Thomas Properties Group Inc., Los Angeles, has priced a public offering of 8 million shares of common stock at $16 per share.The real estate operating company said the joint book-running managers, UBS Investment Bank, Banc of America Securities LLC, and Friedman, Billings, Ramsey & Co., have been granted an option to buy up to 1.2 million additional shares to cover any overallotments.
New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
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Rocket Cos. reported an increase in gain-on-sale margin but warned that going forward it is likely to slip back to levels seen in the second half of last year.
The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
