Construction Maison

US Concrete Inc (NASDAQ:USCR) Q2 2017 Earnings Conference Call August 08, 2017 10:00 AM ET Executives Kevin Kohutek - Vice President and Chief Accounting Officer Bill Sandbrook - President and Chief Executive Officer Analysts Trey Grooms - Stephens Inc Adam Thalhimer - Thompson, Davis Scott Schrier - Citi Craig Bibb - CJS Securities Stanley Elliott - Stifel Nicolaus Roresa Mojo - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the U.S. Concrete, Inc. Second Quarter 2017 Earnings Conference Call . [ Operator Instructions ] I would now like to introduce your host for today's conference, Kevin Kohutek, Vice President and Chief Accounting Officer . You may begin. Kevin Kohutek Thank you, Israh. Good morning, and welcome to U.S. Concrete's Second Quarter 2017 Earnings Conference Call . Joining me on the call today is Bill Sandbrook, our President and Chief Executive Officer . Bill and I will make some prepared remarks, after which we will open the call to your ...

Milestone Apartments REIT has entered into an agreement with Starwood Capital Group to acquire, by way of merger, Landmark Apartment Trust for $8.17 per Landmark share in cash, representing a total enterprise value of approximately $1.9 billion. The acquisition is expected to close in early 2016. Kirkland & Ellis LLP advised Starwood Capital Group and Milestone Apartments REIT in connection with the agreement’s execution. Milestone announced the acquisition of 100 percent interest in 15 high-quality, garden- style properties totaling 4 ,172 units from Landmark Apartment Trust for a gross purchase price of $502 million. The properties average 10 years in age. This acquisition is in line with the REIT’s growth strategy to enhance its portfolio and improve its operating margins and cash-flow position. Starwood will acquire Landmark’s interest in 63 properties, to be managed by the REIT. Milestone also announced its Board of Trustees has approved an approximate 11 percent incr...

I just finished my all-new DAVOS portfolio that includes the following best-in-class REITs: Digital Realty (DLR), American Tower (AMT), Ventas, Inc. (VTR), Realty Income (O), and Simon Property Group (SPG). As a reminder, the DAVOS REITs were picked because of their high-quality attributes and most importantly for their dividend repeatability. While these REITs do not represent all of my favorite picks, they embody a diversified basket that serve as a proxy for robust dividend growth in the REIT sector. I’ll be honest, the last pick was the hardest. It was easy for me to select DLR, VTR, O, and SPG – because these four REITs have scale, experience, and muscle – all essential elements of durability. However, I was torn between the last pick, debating most of my Saturday as to whether I would go with American Tower or AvalonBay (AVB). I was really leaning to go with AvalonBay, but I decided at the last minute to include American Tower . It was a tough call, but after reading this ar...