reports
- MarketLine Department
Brandywine Realty Trust - Mergers & Acquisitions (M&A), Partnerships &...
Brandywine Realty Trust - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Brandywine Realty Trust Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Brandywine Realty Trust since January2007. Marketline's Company Mergers & Acquisitions (M&...
- MarketLine Department
Drive Shack Inc - Mergers & Acquisitions (M&A), Partnerships & Allianc...
Drive Shack Inc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Drive Shack Inc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Drive Shack Inc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Allia...
RAIT Financial Trust Announces First Quarter 2018 Preferred Dividends,...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (“RAIT”) announced that on March 13, 2018, RAIT’s Board of Trustees (“the Board”) declared regular first quarter 2018 cash dividends of $0.484375 per share on RAIT’s 7.75% Series A Cumulative Redeemable Preferred Shares, $0.5234375 per share on RAIT’s 8.375% Series B Cumulative Redeemable Preferred Shares and $0.5546875 per share on RAIT’s 8.875% Series C Cumulative Redeemable Preferred Shares. The dividends will be paid on April 2, 2018 to holders of record on March 23,...
RAIT Financial Trust Announces Conclusion of Strategic and Financial A...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that a special committee of RAIT’s independent trustees (the “Special Committee”) delegated the authority by RAIT’s Board of Trustees (the “Board”) to manage RAIT’s previously announced review of strategic and financial alternatives for RAIT has concluded this review. This review, conducted with the support of financial and legal advisors, was deliberate and comprehensive in its evaluation of a wide range of potential alternatives which included,...
RAIT Financial Trust Sells and Divests Seven Properties Totaling $124....
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that it has completed sales of five properties for an aggregate purchase price of approximately $110.4 million and divested an additional two properties with an aggregate net carrying value of approximately $14.3 million during the fourth quarter of 2017. RAIT expects these transactions to result in a reduction of related indebtedness by approximately $128.3 million. These sales and divestitures align with RAIT’s previously announced strategy of ...
RAIT Financial Trust Announces Expected $25 Million Gain in the Fourth...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) ("RAIT") announced today that the previously disclosed process to divest RAIT of a ten property industrial portfolio (the “Portfolio”) has been completed. This process began in the first quarter of 2017 and was completed in November, 2017 when the last of the two remaining industrial properties in the Portfolio were divested. As previously disclosed, RAIT recognized non-cash losses in prior periods as properties in the Portfolio were divested and their respective net car...
RAIT Financial Trust Closes its Eighth Non-Recourse, Floating-Rate CMB...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) ("RAIT") announced today the closing, on November 29, 2017, of its eighth non-recourse, floating-rate CMBS transaction, the underlying assets of which consist of twenty-one floating-rate commercial real estate first lien mortgage loans and two pari passu participation interests in floating-rate mortgage loans, all of which were originated by subsidiaries of RAIT. The transaction involved the sale by a RAIT subsidiary of non-recourse, investment grade notes totaling appro...
RAIT Financial Trust Posts Its Q3 Quarterly Report on Form 10-Q to Its...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (“RAIT”) announced today that it has posted its Quarterly Report on Form 10-Q (the “10-Q”) for the period ending September 30, 2017 to its website. A copy of the 10-Q can be found in the “SEC Filings” section of RAIT’s Investor Relations website or it can be viewed directly by clicking RAIT Q3 2017 10-Q. While RAIT initiated the process to file the 10-Q with the Securities and Exchange Commission (the “SEC”) prior to the submission deadline, due to proces...
RAIT Financial Trust Announces Third Quarter 2017 Financial Results
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (“RAIT”) (NYSE: RAS) — today announced its financial results for the third quarter of 2017. All per share results in this press release are reported on a diluted basis. Q3 2017 Key Highlights Net loss available to common shares of $(24.2) million, $(0.26) loss per share-diluted, and cash available for distribution (“CAD”) of $(1.3) million, or $(0.01) per common share, during the quarter ended September 30, 2017. Senior loan ori...
RAIT Financial Trust Declares Fourth Quarter 2017 Preferred Stock Divi...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (“RAIT”) announced that on November 1, 2017, RAIT’s Board of Trustees (“the Board”) declared a fourth quarter 2017 cash dividend of $0.484375 per share on RAIT’s 7.75% Series A Cumulative Redeemable Preferred Shares, $0.5234375 per share on RAIT’s 8.375% Series B Cumulative Redeemable Preferred Shares and $0.5546875 per share on RAIT’s 8.875% Series C Cumulative Redeemable Preferred Shares. The dividends will be paid on January 2, 2018 to holders of record on December 1,...
RAIT Financial Trust Sells and Divests Thirteen Properties Totaling $1...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that it has completed sales of 6 properties for an aggregate purchase price of approximately $88.4 million and divested an additional 7 properties with an aggregate net carrying value of approximately $40.2 million during the period beginning July 1, 2017 through October 16, 2017, totaling $128.6 million. RAIT expects these transactions to result in a reduction of related indebtedness by approximately $110.4 million. These sales and divestitures ...
RAIT Financial Trust Schedules Third Quarter 2017 Financial Results Re...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) today announced that it expects to release its third quarter 2017 financial results before U.S. stock markets open on Thursday, November 2, 2017 and invites investors and other interested parties to listen to its quarterly results conference call on Thursday, November 2, 2017 at 9:00 a.m. Eastern time. All interested parties can access the live conference call webcast from the home page of the RAIT Financial Trust website at www.rait.com or by dialing 1.844.775....
RAIT Financial Trust Receives a Continued Listing Standard Notice from...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that effective September 21, 2017 it received written notification (the “Notice”) from the New York Stock Exchange (the “NYSE”) that RAIT is not in compliance with the continued listing standard set forth under Rule 802.01C of the NYSE Listed Company Manual because the average closing price of RAIT’s common shares fell below $1.00 over a consecutive 30 trading-day period ending September 15, 2017. Upon receipt of the Notice, RAIT became ...
RAIT Financial Trust Forms Special Committee to Explore Strategic Alte...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that the Board of Trustees of RAIT (the “Board”) has formed a committee of independent members (the “Special Committee”) to explore and evaluate strategic and financial alternatives to enhance shareholder value and capitalize on RAIT’s established and respected commercial real estate lending platform. Such alternatives may include, but are not limited to, (i) refinements of RAIT’s operations or strategy, (ii) financial transactions, such as a rec...
RAIT Financial Trust Announces Final Second Quarter 2017 Financial Res...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (“RAIT”) (NYSE: RAS) today announced its final financial results for the second quarter of 2017, updating RAIT’s August 3, 2017 announcement of its preliminary financial results. The final results disclosed in this press release, including the non-cash asset impairment charges primarily related to an adjustment to the carrying value of certain legacy properties, are consistent with the preliminary results and estimated ranges that were included in RAIT’s previous announcement. Durin...
RAIT Financial Trust Announces Preliminary Second Quarter 2017 Financi...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (“RAIT”) (NYSE:RAS) today announced certain preliminary financial results for the second quarter of 2017. RAIT also announced that it expects to incur non-cash asset impairment charges primarily related to an adjustment to the carrying value of certain legacy properties. In addition, on August 2, 2017, RAIT’s Board of Trustees declared a second quarter 2017 dividend of $0.05 per common share payable on September 15, 2017 to common shareholders of record on August 25, 2017. The Board...
RAIT Financial Trust Announces Preliminary Second Quarter 2017 Financi...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) today announced that it expects to release its preliminary second quarter 2017 financial results before U.S. stock markets open on Thursday, August 3, 2017 and that it is rescheduling its previously announced investor conference call from Tuesday, August 8, 2017 at 9:00 a.m. Eastern time to Thursday, August 3, 2017 at 9:00 a.m. Eastern time. RAIT invites investors and other interested parties to listen to its preliminary results conference call on Thursday, August 3, 201...
RAIT Financial Trust Schedules Second Quarter 2017 Financial Results R...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) today announced that it expects to release its second quarter 2017 financial results before U.S. stock markets open on Tuesday, August 8, 2017 and invites investors and other interested parties to listen to its quarterly results conference call on Tuesday, August 8, 2017 at 9:00 a.m. Eastern time. All interested parties can access the live conference call webcast from the home page of the RAIT Financial Trust website at www.rait.com or by dialing 1.844.775.2541,...
RAIT Financial Trust Sells Four Properties for $73.2 Million in Second...
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE:RAS) (“RAIT”) today announced that it sold four properties during the second quarter of 2017 which generated aggregate gross proceeds of $73.2 million. These transactions align with RAIT’s previously announced strategy of transforming RAIT into a more focused, cost-efficient and lower leverage business concentrated on its core commercial real estate lending business. RAIT sold two office properties located in Downingtown, Pennsylvania and St. Paul, Minnesota, one of t...
RAIT Financial Trust Appoints Two Independent Trustees to its Board
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (“RAIT”) (NYSE: RAS), a national direct lender to owners of commercial real estate and an internally-managed real estate investment trust, announced that, on June 26, 2017, RAIT’s Board of Trustees (the “Board”) increased the size of the Board by two to eleven Trustees and appointed two new independent Trustees to fill the vacancies created by this increase, with these appointments to take effect on July 9, 2017. These new Trustees are Nancy Jo Kuenstner, an experienced strategic co...
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