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(Photo / Thinkstock ) A West Coast real estate investment and asset management company has paid $13 million for a mobile home park portfolio that includes communities in Central and Northeast Pennsylvania. Happy Home Communities , the mobile home and RV park investment arm of Los Angeles-based Gelt Inc., recently purchased three properties with 439 home sites from Horizon Land Coy . The three properties are in Luzerne, Lycoming and Snyder counties. The closest to Harrisburg is in Selinsgrove. It is the 77- space Wedgewood Mobile Homes Community along U.S. Route 15, near the Susquehanna Valley Mall . The other two communities are near the Wyoming Valley Mall in Exeter and the Lycoming Mall near Williamsport. Officials with Happy Homes, which launched in May, said they saw a stable portfolio with the potential to add affordable homes on 48 empty lots. Over the next three years, the company is planning to upgrade common areas and add other amenities to the communities, including...

BICX's SI was 14,200 shares in August as released by FINRA. About 463,833 shares traded or 0.79% up from the average. 15, 2017, the shares were bought at an average price of $12.92, giving away a sum of $200,131. About 782,475 shares traded. It is down 26.05% since August 11, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company's stock. Therefore 46% are positive. Huntington Bancshares Incorporated had 51 analyst reports since August 6, 2015 according to SRatingsIntel. The total value of its holdings decreased 53.6%. 4,196,038 shares of the company's stock traded hands . The stock has "Outperform" rating by Wedbush on Thursday, October 27. The firm earned "Equal Weight" rating on Tuesday, January 3 by Barclays Capital. Now the shares of Huntington Bancshares Incorporated (HBAN) has th...

Canadian Apartment Properties REIT  (TSX:CAR.UN) released its quarterly results earlier this month. I’ll look at how the company did, the strength of its financials, and if you should consider buying the stock. The company owns and operates residential rental properties , including apartments and townhomes, in many large urban centres in various locations across Canada. Although it’s predominantly in Canada, Canadian Apartment Properties has locations in Europe as well, specifically in Ireland and the Netherlands. The stock is a little different than many other REITs in that it focuses on apartments and residential spaces; other trusts rely more on commercial tenants. This stock would allow… Canadian Apartment Properties REIT (TSX:CAR.UN) released its quarterly results earlier this month. I’ll look at how the company did, the strength of its financials, and if you should consider buying the stock. The company owns and operates residential rental pr...

CBRE SL Green sells suburban office property for $97M SL Green and TH Real Estate have sold Stamford Towers in Stamford, CT for $97 million. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s Institutional Properties represented the sellers. CBRE Global Investors purchased the Property. Stamford Towers is comprised of two adjacent Class A office buildings located in the Stamford CBD, one block from the Stamford Transportation Center . The property is also near the 722,000 s/f Stamford Town Center Mall (anchored by Macy’s, Barnes & Noble, H&M, and Saks Off 5th) as well as dozens of restaurants and retails options. Stamford Towers is currently leased to institutional and high credit tenants , including Citigroup, UBS Financial Services , H/ 2 Credit Manager , Titan Advisors, Gerald Metals, Bank of Ireland, Oaktree Capital, Oppenheimer, CoreCommodity and Newmark, among others. Recent capital improvements include the addition of a fitness center and basketball court, c...

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...

NEW YORK, NY -  Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing , and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has provided an $11. 4 MM Fannie Mae DUS Choice refinancing for the Woodchase Apartments in St. Louis, Missouri. Woodchase Apartments is a garden style multifamily facility that was built in 1984 and comprises 17 two- and three- story residential buildings , and one single-story office/clubhouse.  The property consists of a total of 186 units, and the unit mix is made up of 92 one-bedroom and 48 two- bedroom apartments , and 18 one-bedroom and 28 two- bedroom townhome units .  The loan is a 10- year fixed rate facility with a 30- year amortization period . The portfolio was refinanced to secure a new low interest rate . Centerline is one of the nation’s leading Mortgage Banking institutions in the multif...

PR Newswire NEW YORK, Aug. 15, 2017 /PRNewswire/ -- Bluerock Value Exchange ("BVEX") announced today the sellout of its latest 1031 exchange program , BR Big Creek, DST, a Class A, 372-unit, apartment community ("the property") located in Alpharetta, Georgia. The securities offering was fully subscribed for more than $35 million in capital. Completed in 2016, Big Creek is a class A apartment community in the affluent, high growth, mixed-use neighborhood of Alpharetta in Atlanta, GA. In keeping with the value creation strategy of BVEX, the property offers steady cash flow with upside potential in rents. "Bluerock Value Exchange concentrates solely on acquiring high-quality, Class A 1031 replacement properties with potential to deliver attractive current cash flow and grow investor capital . There's significant need, particularly among independent broker dealers , for high- caliber replacement properties from established sponsors with proven performance...

By Diana Hubbell Travellers have long looked towards Asia – with its shimmering azure waters and near-limitless selection of palm-fringed white-sand beaches – in their search for paradise. Intrepid hippies put the area on the map as a tourist destination in the 1960s. The intervening years, meanwhile, have seen rustic bamboo beach shacks edged out by a growing phalanx of upscale hotels and resorts. Indeed, these days it is just as likely to be high- powered investors making for the region’s resort destinations as singlet-wearing backpackers and other holidaymakers.   Countries such as Thailand, Vietnam, Indonesia, Cambodia and the Philippines, can ably cater to the most demanding of buyers, with sumptuous properties ranging from secluded island hideaways to palatial residences with easy access to first-class restaurants and highly developed transport infrastructure . MORE: The Mediterranean is still the dream second home for wealthy Asianssztbauwa Investors who are as keen on po...

TOLLING THE TYCOONS — Albanese calls for 'politically popular' pied-à-terre tax, by POLITICO New York’s Conor Skelding : Foreign "oligarchs" who own real estate in New York but don't live in the city should have to pay two or three times what they pay now in property taxes, Democratic mayoral candidate Sal Albanese said Wednesday. The "politically popular" new tax's revenue, which Albanese said would amount to billions, could then be put toward the development of affordable housing . "Look, there's a lot of money across the world that people want to outsource," he said during a news conference outside the gates of City Hall. "There's a lot of money there, and we can use that to build real affordable housing ." Mayor Bill de Blasio promised years ago to "take a look" at a pied-à-terre tax, but the proposal is opposed by many of the city's real estate interests . "They own Bill de Blasio , big real estat...