Hoya Hotseat: UMH Properties (UMH) President & CEO Sam Landy joined the Hoya Hotseat to discuss the company's strategy, housing market fundamentals, and the benefits of the REIT structure. UMH Properties, Inc. is the third largest manufactured housing REIT, owning a portfolio of 135 manufactured home communities with approximately 25,800 developed homesites. These communities are located in eleven states: New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH Quick Facts: IPO Date: 1985 Market Cap: $1.0B (Small-Cap) Index: Hoya Capital Housing Index Dividend Yield: 5.45% (📅 Quarterly) Debt/EV Ratio: 41% All of the interviews are available here: https://lnkd.in/drBG6Y3B David Auerbach | REIT Academy & The Executive REIT Masterclass | UMH Properties, Inc. | The Daily REIT Beat Newsletter | Nareit | #REITs #Dividends #Investing #Income #Yield #RealEstate #Housing #Stocks #Bonds #HighYield #DividendInvesting #IncomeInvesting #Diversification #Inflation #realassets #investment

Secure your Future with Boing Paragon Properties! "Don't wait to buy real estate. Buy real estate and wait." – Will Rogers This Monday, let’s kickstart our week with a mindset for growth and investment. Real estate isn't just a purchase; it’s a powerful step toward securing your future. The value of land and property has the potential to grow over time, making your investment work for you even as you sleep. Are you ready to make your move? Start building your wealth today with smart real estate investments. Remember, the best time to invest was yesterday—the second best is now. Contact us on: 07071828292 #MotivationalMonday #RealEstateInvesting #WealthBuilding #WillRogers #investmentmindset

Realty Income plans to acquire Spirit Realty Capital in an all-stock deal valued at $9.3 billion. This acquisition is expected to significantly boost Realty Income's position, making it the fourth-largest REIT on the S&P 500 with an enterprise value of $63 billion. The merger aims to enhance growth, diversify portfolios, and consolidate the net-lease market. It will not require external capital, and cost savings are estimated at around $50 million in general and administrative expenses. The deal would result in: - overlapping top clients/tenants - increase annual rental income ($3.8B to $4.5B) - diversify industry sectors - particularly in convenience stores and industrial properties. Spirit Realty's CEO sees this acquisition as a culmination of efforts to enhance their assets and financial standing, offering immediate value to shareholders. Once closed, Realty Income and Spirit shareholders will own 87% and 13%, respectively, of the combined entity, subject to approval from Spirit shareholders and certain closing conditions. There's a provision allowing Spirit to explore other offers within 45 days, with associated breakup fees (~$93M). This comes after acquiring VEREIT in 2021, and some notable acquisitions in 2022 including a stake in the Bellagio Las Vegas for $950 million, the $1.7 billion sale-leaseback of Wynne's hotel and casino near Boston, and $1 billion investment focused on the emerging trend of vertical farming and lining up a loan earlier this year to bank on future real estate investments. As transaction volume has been muted relative to the past few years - it will be interesting to see if more consolidations occur within the REIT space. Feel free to leave your thoughts below.

La Rosa Holdings Corp. (Nasdaq: LRHC) Reports 154% Year-Over-Year Increase in Revenue to $19.1 Million for the Second Quarter of 2024   Successfully Acquires Eleven Brokerages Since Company's #IPO in October 2023 Residential Real Estate Services Revenue Increased 237% to $15.9 Million in Q2 2024 vs Q2 2023   La Rosa Holdings Corp. (#NASDAQ: #LRHC), a holding company for five #agent-centric, technology-integrated, cloud-based, multi-service #real estate segments, provided a business update and reported #financial results for the second quarter ended June 30, 2024.   https://lnkd.in/e7q8TdYy #LaRosaHoldings #RealEstate

🏢 #REIT Headlines - January 11, 2024 🌐 PEAK's Breakthrough Venture: * Healthpeak Properties, Inc. enters a strategic JV with Breakthrough Properties, selling a 65% stake in Healthpeak’s Callan Ridge lab campus. * Valued at $236M, the deal showcases a 5.3% cash cap rate. 🏢 WPC's Office Portfolio Sale: * W. P. Carey Inc. concludes the sale of a 70-property office portfolio to the State of Andalusia for $359M, marking the largest office sale. * The sale aligns with its strategic plan to exit office assets. 💼 NLOP's Office Property Sale: * Net Lease Office Properties announces the sale of four U.S. office properties, yielding $43.1M in gross proceeds. * Funds used for loan repayments, enhancing financial flexibility. 📊 PSTL's Q4 Update: * Postal Realty Trust provides a comprehensive update on Q4 2023, covering portfolio, collections, acquisitions, and capital markets activity. * Highlights its year-end portfolio and balance sheet. 🔄 SITC's Transaction Update: * SITE Centers shares insights into its transaction activity for Q4 2023 and the first quarter of 2024 🏢 CDP's Leasing Milestones: * COPT Defense Properties celebrates leasing achievements, exceeding 2023 guidance by executing 747,000 sf of development leasing and completing 452,000 sf of vacancy leasing with a WALT of over 9 years. 📜 O's Spirit Realty Exchange: * Realty Income Corporation reports the successful tender of Spirit Realty Capital, Inc (NYSE: SRC) notes, marking a significant milestone in the ongoing exchange offers. 🏨 CLDT's Hilton Garden Inn Sale: * Chatham Lodging Trust finalizes the sale of the 180-room Hilton Garden Inn Denver Tech Center for $18M. * Proceeds earmarked for corporate investments and debt repayment. 🖥️ IRM's Regency Technologies Acquisition: * Iron Mountain completes the acquisition of Regency Technologies for $200M, emphasizing a 7.5x EBITDA multiple. * Strengthening its position in IT asset disposition services. Stay Informed in the world of REITs and learn more at www.thedailyreitbeat.com! 🏡📊 #REITs #RealEstateInvesting #MarketUpdate

🏢 #REIT Headlines - January 11, 2024 🌐 PEAK's Breakthrough Venture: * Healthpeak Properties, Inc. enters a strategic JV with Breakthrough Properties, selling a 65% stake in Healthpeak’s Callan Ridge lab campus. * Valued at $236M, the deal showcases a 5.3% cash cap rate. 🏢 WPC's Office Portfolio Sale: * W. P. Carey Inc. concludes the sale of a 70-property office portfolio to the State of Andalusia for $359M, marking the largest office sale. * The sale aligns with its strategic plan to exit office assets. 💼 NLOP's Office Property Sale: * Net Lease Office Properties announces the sale of four U.S. office properties, yielding $43.1M in gross proceeds. * Funds used for loan repayments, enhancing financial flexibility. 📊 PSTL's Q4 Update: * Postal Realty Trust provides a comprehensive update on Q4 2023, covering portfolio, collections, acquisitions, and capital markets activity. * Highlights its year-end portfolio and balance sheet. 🔄 SITC's Transaction Update: * SITE Centers shares insights into its transaction activity for Q4 2023 and the first quarter of 2024 🏢 CDP's Leasing Milestones: * COPT Defense Properties celebrates leasing achievements, exceeding 2023 guidance by executing 747,000 sf of development leasing and completing 452,000 sf of vacancy leasing with a WALT of over 9 years. 📜 O's Spirit Realty Exchange: * Realty Income Corporation reports the successful tender of Spirit Realty Capital, Inc (NYSE: SRC) notes, marking a significant milestone in the ongoing exchange offers. 🏨 CLDT's Hilton Garden Inn Sale: * Chatham Lodging Trust finalizes the sale of the 180-room Hilton Garden Inn Denver Tech Center for $18M. * Proceeds earmarked for corporate investments and debt repayment. 🖥️ IRM's Regency Technologies Acquisition: * Iron Mountain completes the acquisition of Regency Technologies for $200M, emphasizing a 7.5x EBITDA multiple. * Strengthening its position in IT asset disposition services. Stay Informed in the world of REITs and learn more at www.thedailyreitbeat.com! 🏡📊 #REITs #RealEstateInvesting #MarketUpdate

Hoya Hotseat: Generation Income Properties (GIPR) Generation Income (NASDAQ: GIPR) is a micro-cap ($10.6M) Net Lease REIT that owns 26 properties across 13 states. GIPR - which went public in 2021 - focuses primarily on single-tenant retail (55% of its portfolio) and net lease office (35%). Founder & CEO David Sobelman joins the Hoya Hotseat to discuss the firm's strategy of focusing on investment-grade tenants with shorter lease terms -which lends to a capitalization rate - and the advantage of its active, hands-on approach to property management. GIPR Quick Facts: 🎂 IPO Date: 2021 📈 Market Cap: $10.6M (Micro-Cap) 💸 Dividend Yield: 11.40% (📅Monthly) 🏦 Debt/EV Ratio: 75% 💳 Credit Rating: None All of the interviews are available here: https://lnkd.in/drBG6Y3B The Daily REIT Beat Newsletter | REIT Academy & The Executive REIT Masterclass | David Auerbach | Alex Pettee, CFA | Nareit | #REITs #Dividends #Investing #Income #Yield #RealEstate #Housing #Stocks #Bonds #HighYield #DividendInvesting #IncomeInvesting #Diversification #Inflation #realassets #investment

📈 #REIT Headlines - July 26, 2024 📅 🍓 Alliance Global Partners initiates Strawberry Fields REIT with a Buy rating setting a $13 price target 📊 Piper Sandler upgrades Alexander & Baldwin to Overweight from Neutral and raises price target raised by $5 to $22 🏅 Evercore ISI upgrades Invitation Homes to Outperform from Inline and maintains $37 price target 🌟 Morningstar upgrades Digital Realty to Hold from Sell and increases price target by $5 to $140 📅 Quarterly Earnings Reports announced by Alexander & Baldwin, CTO Realty Growth, Inc., Cousins Properties, Digital Realty, Healthpeak Properties, Inc., Gaming and Leisure Properties, Inc., Howard Hughes Holdings Inc., Phillips Edison & Company ⚖️ Equity Commonwealth Activist Investors Heating Up * Irenic Capital Management, LP issued a statement regarding the need for the Company’s Board of Trustees to heed shareholder feedback and pursue a liquidation * “We agree with Indaba Capital and Land & Buildings, and we urge the Board to heed the clear shareholder feedback and commit to scheduling a vote on a prospective liquidation when second quarter earnings are announced next week.” 🏢 Cousins Properties acquires two mezzanine loans 🔹 Secured by lifestyle office properties in Nashville and Charlotte 🔹 Initial commitment: $27.2M; Potential total: $37.0M 🔹 Maturity dates: June 2025 and February 2026 🔹 Weighted average interest rate: SOFR + 866 bps 🛒 Phillips Edison & Company acquires Des Peres Corners 🔹 Grocery-anchored shopping center in Des Peres, MO 🔹 Joint venture with Cohen & Steers Income Opportunities REIT, Inc. 🔹 80% owned by CNSREIT, 20% by PECO 🔹 JV focus: Open-air, grocery-anchored shopping centers 👤 Public Storage appoints Maria R. Hawthorne to its Board of Trustees 🔹 Effective immediately, term expires at the 2025 annual meeting 🔹 Will serve on the Audit Committee

📈 #REIT Headlines - July 26, 2024 📅 🍓 Alliance Global Partners initiates Strawberry Fields REIT with a Buy rating setting a $13 price target 📊 Piper Sandler upgrades Alexander & Baldwin to Overweight from Neutral and raises price target raised by $5 to $22 🏅 Evercore ISI upgrades Invitation Homes to Outperform from Inline and maintains $37 price target 🌟 Morningstar upgrades Digital Realty to Hold from Sell and increases price target by $5 to $140 📅 Quarterly Earnings Reports announced by Alexander & Baldwin, CTO Realty Growth, Inc., Cousins Properties, Digital Realty, Healthpeak Properties, Inc., Gaming and Leisure Properties, Inc., Howard Hughes Holdings Inc., Phillips Edison & Company ⚖️ Equity Commonwealth Activist Investors Heating Up * Irenic Capital Management, LP issued a statement regarding the need for the Company’s Board of Trustees to heed shareholder feedback and pursue a liquidation * “We agree with Indaba Capital and Land & Buildings, and we urge the Board to heed the clear shareholder feedback and commit to scheduling a vote on a prospective liquidation when second quarter earnings are announced next week.” 🏢 Cousins Properties acquires two mezzanine loans 🔹 Secured by lifestyle office properties in Nashville and Charlotte 🔹 Initial commitment: $27.2M; Potential total: $37.0M 🔹 Maturity dates: June 2025 and February 2026 🔹 Weighted average interest rate: SOFR + 866 bps 🛒 Phillips Edison & Company acquires Des Peres Corners 🔹 Grocery-anchored shopping center in Des Peres, MO 🔹 Joint venture with Cohen & Steers Income Opportunities REIT, Inc. 🔹 80% owned by CNSREIT, 20% by PECO 🔹 JV focus: Open-air, grocery-anchored shopping centers 👤 Public Storage appoints Maria R. Hawthorne to its Board of Trustees 🔹 Effective immediately, term expires at the 2025 annual meeting 🔹 Will serve on the Audit Committee

I promise I didn’t write about terriers in this week’s EG editor’s comment just so I could share a pic of my gorgeous little fella. Well, it wasn’t the sole reason. Big thanks to Custodian Property Income REIT plc’s Richard Shepherd-Cross (and Tim Burke ) for the simile. EDITOR’S COMMENT Is it just me or are you starting to feel a slight change in sentiment in the market? There’s definitely a change in tone among much of the listed sector, a confidence that now might be the time to start spending again – if, of course, vendors are willing to accept actual valuations. While I am still firmly in the “survive until 25” camp, very much believing that we’re not going to see high volumes of investment deals, real positive growth and a return to something that feels like a more normal real estate market until next year, I do feel a tinge of positivity. And it is summer. And the sun is trying to shine on us a bit. So, let’s sit with that for a while and focus on a few reasons to be cheerful. At Hammerson, chief executive Rita-Rose Gagné is not just feeling cheerful, but relieved. After three years of hard graft, cutting jobs, selling off assets and focusing firmly on the numbers, she may have finally started to turn the REIT around. While the sale of Hammerson’s stake in Value Retail to LVMH-backed L Catterton, may have been at a chunky discount, getting out of the complex structure that has delivered very little return to the business has gifted Gagné £600m to pay down debt, appease shareholders (a little) and the ability to get back out into the market to play. In the world of student beds, Unite says the environment today provides the “strongest investment opportunity” for the business in a number of years. As such it has raised almost £450m from a share placing to give a total firepower of £700m. It expects to have spent that £700m by the end of the year and is hungry for assets. Even Custodian Property Income REIT boss Richard Shepherd-Cross is hungry for growth, despite still smarting from the firm’s failed £1bn merger with Abrdn Property Income Trust. “I feel like a terrier that’s been bitten by a rat,” he tells us in this week’s EG Interview, commenting on whether he has been put off growing the business through M&A. “I’m now really angry and now I really want to do one.” Maybe the terrier simile is perfect for the real estate market at the moment. Terriers are known for having endurance, for being loyal, but notoriously difficult to train. If a terrier wants something, it will go for it and keep going until it gets it, no matter how many treats you may waft under its nose. As the environment does start to shift and sentiment moves from one in which we’ve seen the whole industry scale back to one that is scaling back up, maybe we all need to be a little bit more terrier. Determined, relentless and focused on capturing our prey. Read in full at https://lnkd.in/e8zG5TJC