Industry News

Arthur J. Gallagher acquires majority interest in Brim AB
BancorpSouth has expanded mortgage credit opportunities for consumers in its eight-state footprint through its Right@ Home mortgage loan program that lowers or eliminates the up-front costs for qualifying borrowers, the company said. Since the program's introduction in December 2015, the Right@ Home program has provided loans to borrowers interested in purchasing a new home or refinancing their existing mortgages. These Right@ Home loans now represent a substantial..."/>
BancorpSouth expands mortgage opportunities through Right@Home program
AMERI Holdings, Inc. has closed a USD10 million-credit facility with Sterling National Bank, principal subsidiary of Sterling Bancorp, the company said. The company said it plans to use this line of credit to further its expansion strategy of acquiring SAP-based IT services and consulting companies. AMERI Holdings, Inc. is an SAP-based strategy consulting firm that brings synergies of classic technology consulting and product-based technology consulting services to its..."/>
AMERI secures financing with Sterling National Bank
Realogy Holdings Corp. today announced that it intends to refinance its Term Loan B credit facility to extend its maturity date by two years to 2022.. The Company also has arranged commitments from its bank group for a new Term Loan A tranche with a 2021 maturity date and expected proceeds of $330 million. Realogy plans to use the net proceeds from the new Term Loan A issuance, borrowings under its revolving credit facility and cash on hand, to..."/>
Realogy Announces Intent To Refinance Its Term Loan B Credit Facility And Extend Maturity Date By Two Years
Ashford Hospitality Trust Inc has priced an underwritten public offering of 4,800,000 shares of 7.375% series F cumulative preferred stock at USD25.00 per share, it stated on Wednesday. Also, the company said that dividends on the preferred stock will accrue at an annual rate of 7.375% on the liquidation preference of USD25.00 per share and the offering will close on or about 13 July 2016.. Net proceeds will be used by the company to redeem shares of its 9.000% series E cumulative..."/>
Ashford Trust prices public offering of 4.8m preferred stock at USD25.00 per share
Legg Mason, Inc. today announced that it has agreed to acquire an 82% majority equity interest in Financial Guard LLC, an online Registered Investment Advisor and innovative technology-enabled wealth management and investment advice platform. Financial terms of the transaction were not disclosed. The firm will operate as part of Legg Mason's alternative distribution strategies business, which focuses on combining technology with Legg..."/>
Legg Mason Announces Acquisition of Financial Guard LLC
Flagstar Bancorp, Inc. today released instructions for its second quarter 2016 earnings call, which will be held Tuesday, July 26, 2016, at 11 a.m. The purpose of the call is to discuss Flagstar's second quarter 2016 financial results, which will be released at approximately 6:30 a.m. July 26, 2016.. To join the call, please dial 723-6604 toll free or 830-7977, and use passcode 1789408."/>
Flagstar Announces Second Quarter 2016 Earnings Call
Sandy Spring Bancorp, Inc. will announce its second quarter earnings on Thursday, July 21, 2016. The company will hold a conference call that day at 2:00 p.m. to discuss results and answer questions. The conference call will be webcast live through the Sandy Spring Bank website."/>
Sandy Spring Bancorp, Inc. to Webcast Second Quarter Earnings Conference Call on July 21, 2016
Sprott Inc. today announced that its total assets under management have surpassed $10 billion.. “Our year-to-date AUM growth has been driven in part by renewed investor interest in precious metals and alternative income strategies,” said Peter Grosskopf, CEO of Sprott.“ We expect further growth in the second half of 2016 given several important product launches, including the Sprott World Gold Fund and additional alternative income strategies.”."/>
Sprott Passes $10 Billion in Assets Under Management
National Bank Holdings Corporation expects to report its second quarter financial results after the markets close on Thursday, July 21, 2016. Management will host a conference call to review the results at 11:00 a.m. Eastern Time on Friday, July 22, 2016. Interested parties may listen to this call by dialing 272-6762/ 800-6832 using the Conference ID of 92236155 and asking for the NBHC Second Quarter Earnings conference call."/>
National Bank Holdings Corporation Announces Date for Second Quarter Earnings Release
Chatham Lodging Trust, a lodging real estate investment trust that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 133 hotels wholly or through joint ventures, today announced that it will report second quarter 2016 financial results on Wednesday, August 3, 2016, before the opening of the market. That same day at 10:00 a.m. ET, Jeffrey H. Fisher, Chatham’ s chief executive officer, Dennis M. Craven,..."/>
Chatham Lodging Announces Second Quarter Earnings Call to be Held on Wednesday, August 3, 2016
STORE Capital Corporation, an internally managed net-lease real estate investment trust that invests in S ingle T enant O perational R eal E state, today announced that it will release financial results for the second quarter ended June 30, 2016, before the market opens on Thursday, August 4, 2016.. A conference call and audio webcast with analysts and investors will be held later that..."/>
STORE Capital to Report Second Quarter 2016 Financial Results on August 4, 2016
Western Asset Mortgage Capital Corporation today announced that it will release financial results for the second quarter ended June 30, 2016 after the market closes on Wednesday, August 3, 2016. The Company will host a corresponding conference call with a live webcast on Thursday August 4, 2016 at 11:00 a.m. Eastern Time/8: 00 a.m. Pacific Time, to discuss those results and answer questions."/>
Western Asset Mortgage Capital Corporation To Report Second Quarter 2016 Financial Results
Rexford Industrial Realty, Inc., a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced the acquisition of two assets, including the remaining 85% interest in a property previously held in a joint venture for approximately $21.8 million..."/>
Rexford Industrial Acquires Two Properties for $29.4 Million and Sells Two Properties for $19.2 Million
Assured Guaranty Ltd. have made debt service payments to holders of insured general obligation and other bonds on which Puerto Rico and certain of its instrumentalities defaulted on July 1, 2016. The table below lists the defaulting issuers, the total principal and interest payments due July 1 from such issuers on bonds insured by Assured Guaranty Municipal Corp. and Assured Guaranty Corp., and the total gross and net..."/>
Assured Guaranty Protects Insured Bondholders from Puerto Rico Default
Gramercy Property Trust, a real estate investment trust, announced today that Gramercy Property Europe plc, a Europe-focused real estate investment fund sponsored and managed by a subsidiary of the Company, acquired a 244,200 square foot portfolio of five car dealerships via a sale and lease back transaction in locations across the Netherlands for €27.4 million. The properties range in size from 18,100 to 106,200 square feet and are all leased for an initial term of..."/>
Gramercy Europe Closes on €27.4 Million Sale and Leaseback of Five Car Dealerships in the Netherlands
Boston Properties Inc declared on Thursday that it has acquired a 49.8% interest in an existing joint venture with Teachers Insurance and Annuity Association that owns the fee interests in Colorado Center in Santa Monica, California, for a total gross purchase price of about USD511.1m. Also, the company said that this gross price is about USD503.6m net of credits for free rent, unfunded leasing costs and other adjustments. Also, it has a 49.8% interest in the property without any..."/>
Boston Properties acquires Colorado Center in Santa Monica for about USD511.1m gross
Assurant Inc revealed on Thursday that it acquired American Title Inc, a title and valuation services provider, for USD45m in cash and with a potential earn-out based on future performance. Further, American Title will operate as part of the company's Mortgage Solutions business, which capabilities include property preservation, appraisal and valuation services. ATI's main business lines include title services, settlement services and valuation for home equity loans,..."/>
Assurant announces acquisition of American Title Inc for USD45m cash
Empire State Realty Trust Inc reported on Thursday that its borrowing capacity under its unsecured revolving credit facility was increased by USD300m to USD1.1bn. Also, the company said that it has the ability to further increase the facility's total capacity to USD1.25bn, with additional exercises of the accordion during its term, which will initially mature in 2019.. A real estate investment trust, Empire State owns, manages, operates, acquires and re-positions office and..."/>
Empire State Realty Trust announces increase of borrowing capacity to USD1.1bn
Assurant, Inc. announced today its acquisition of American Title, Inc., a leader in title and valuation services for home equity lenders. American Title will operate as part of Assurant's Mortgage Solutions business, whose capabilities include property preservation, appraisal and valuation services."/>
Assurant Acquires American Title, Leader in Title and Valuation
National Storage Affiliates Trust stated on Thursday that it closed its underwritten public offering of 12,046,250 common shares at USD20.75 per share that includes 1,571,250 common shares issued with the full exercise of the underwriters' option for additional shares at that price less the underwriting discount. Net proceeds of about USD237.7m was received by the company, after the underwriting discount and estimated offering expenses payable, it said."/>
National Storage closes public offering of 12.0m common stock and full exercise of underwriters’ option

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