Busch Properties, Inc.

Healthpeak Properties Board Appoints Kathy Sandstrom as Chair

Retrieved on: 
Thursday, April 27, 2023
Judicial Appointments Board for Scotland, Rotation, Busch Properties, Inc., PEAK, Chairperson, NYSE, Chair, Management

DENVER, April 27, 2023 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that Kathy Sandstrom was appointed as independent Chair of the Board of Directors.

Key Points: 
  • DENVER, April 27, 2023 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that Kathy Sandstrom was appointed as independent Chair of the Board of Directors.
  • Ms. Sandstrom succeeds Brian Cartwright, who will continue to serve on the Board as an independent director.
  • Kathy's experience and Board tenure make her ideally suited to take on the added responsibilities of Board Chair.
  • Ms. Sandstrom added, "I am fortunate to follow in the footsteps of a gifted Board Chair who has fostered a collegial and disciplined Board culture.

Stratus Properties Inc. Secures Financing for and Begins Construction of Holden Hills, a Residential Project in the Barton Creek Community

Retrieved on: 
Tuesday, February 14, 2023
Environment, Residential Building & Real Estate, Sustainability, Alternative Energy, Energy, Construction & Property, Urban Planning, Barton Creek Greenbelt, Texas Hill Country, Architecture, STRS, Holden, Nature, Comerica, Busch Properties, Inc., Health, Research, Sustainability consultant, Knowledge, Consultant, Climate, Partnership, Share repurchase, Multimedia, Building material, LEED, Construction, Security (finance), Central Texas, Stratus

Stratus considers Holden Hills, which is the last remaining single-family project in the Barton Creek community, to be a crown jewel of its 30-plus years of residential development.

Key Points: 
  • Stratus considers Holden Hills, which is the last remaining single-family project in the Barton Creek community, to be a crown jewel of its 30-plus years of residential development.
  • View the full release here: https://www.businesswire.com/news/home/20230214005769/en/
    Stratus has entered into a joint venture with an unrelated third-party investor that contributed 50% of the equity to develop Holden Hills.
  • The partnership has secured all key construction permits for Phase I and construction has commenced.
  • Project Architect Arthur Andersson, said “Our inspiration for the Holden Hills residences comes from land and climate.

Explore How Innovations in Financial Technology Are Revolutionizing Investing

Retrieved on: 
Tuesday, December 13, 2022
Busch Properties, Inc., Blockchain, Hearing, USP, DMG, Growth, Education, Common, Acquisition, Machine, Cryptocurrency, USPC

JUPITER, Fla., Dec. 13, 2022 /PRNewswire-PRWeb/ -- An upcoming episode of Advancements with Ted Danson will focus on improvements in modern technology and real estate investing.

Key Points: 
  • JUPITER, Fla., Dec. 13, 2022 /PRNewswire-PRWeb/ -- An upcoming episode of Advancements with Ted Danson will focus on improvements in modern technology and real estate investing.
  • The segment will explore the current instability of currencies, cryptocurrencies, and "so-called" stable coins, demonstrated in recent bouts of inflation and global tension.
  • In contrast, while stable and relatively predictable, the real estate market is historically illiquid compared to other investment options.
  • USPC is a real estate backed cryptocurrency that is designed to provide fractional ownership of an income-producing real estate portfolio, allowing investors to fractionally invest using web3/blockchain technology.

Stratus Properties Inc. Announces $50 Million Return of Capital to Shareholders

Retrieved on: 
Friday, September 2, 2022
Construction & Property, Residential Building & Real Estate, Our Boarding House, Program, Busch Properties, Inc., NASDAQ, Time, Comerica, Sale, Board, Share repurchase, STRS, Financial Accounting Standards Board, U.S. Securities and Exchange Commission, Board of directors, Compliance, Annual report, Compte rendu, Acquisition, Forward-looking statement, Car rental, Security (finance), Stratus

Stratus Properties Inc. (NASDAQ: STRS) (Stratus or the Company) today announced that its Board of Directors (Board) has decided that Stratus will return $50 million to Stratus shareholders in the form of a special cash dividend totaling approximately $40 million and a new $10 million share repurchase program.

Key Points: 
  • Stratus Properties Inc. (NASDAQ: STRS) (Stratus or the Company) today announced that its Board of Directors (Board) has decided that Stratus will return $50 million to Stratus shareholders in the form of a special cash dividend totaling approximately $40 million and a new $10 million share repurchase program.
  • Stratus Board also approved a new share repurchase program, which authorizes repurchases of up to $10 million of Stratus common stock.
  • The share repurchase program authorizes Stratus, in managements discretion, to repurchase shares from time to time, subject to market conditions and other factors.
  • Our Board carefully considered alternatives, listened to our shareholders and determined that the special cash dividend and repurchase program are the best approach at this time for our Company and shareholders.

Stratus Properties Inc. Announces Construction Financing for The Saint George, a Multi-Family Project in North-Central Austin

Retrieved on: 
Thursday, July 21, 2022
Residential Building & Real Estate, Commercial Building & Real Estate, General Entertainment, Entertainment, Construction & Property, Goal, Acquisition, Sale, University, Comerica, STRS, Busch Properties, Inc., U.S. Securities and Exchange Commission, Forward-looking statement, Partnership, Board, Compte rendu, Apple, Multimedia, Q2 Stadium, NASDAQ, Saint George, Restaurant, Moses Austin, Board of directors, Saint-Georges-du-Bois, Sarthe, Annual report, Security (finance), Stratus

Stratus Properties Inc. (NASDAQ: STRS) (Stratus or the Company) today announced that it has completed construction financing for the development of The Saint George, a 316-unit luxury wrap-style multi-family project to be constructed in north-central Austin on Burnet Road.

Key Points: 
  • Stratus Properties Inc. (NASDAQ: STRS) (Stratus or the Company) today announced that it has completed construction financing for the development of The Saint George, a 316-unit luxury wrap-style multi-family project to be constructed in north-central Austin on Burnet Road.
  • The Saint George will be a high-quality addition to our portfolio, ultimately adding value to our leasing operations.
  • The project is owned by The Saint George Apartments, L.P., a Texas limited partnership and a Stratus subsidiary.
  • The construction financing consists of a four-year construction loan from Comerica Bank to the limited partnership in the amount of $56.8 million, which is secured by the project.

Stratus Properties Inc. Completes Sale of Block 21 to Ryman Hospitality Properties, Inc. for $260 Million

Retrieved on: 
Wednesday, June 1, 2022
Professional Services, Entertainment, TV and Radio, General Entertainment, Residential Building & Real Estate, Finance, Construction & Property, Leadership, Moody, Ryman, Annual report, Forward-looking statement, Comerica, Block 21, Ryman Hospitality Properties, Santal people, Multimedia, City, Busch Properties, Inc., U.S. Securities and Exchange Commission, STRS, Music, Sale, Acquisition, Compliance, NASDAQ, Board, Compte rendu, Strategic planning, Block, Risk management, Stratus

Stratus expects to record a pre-tax gain on the sale of approximately $120 million in the second quarter of 2022 (approximately $94 million after-tax).

Key Points: 
  • Stratus expects to record a pre-tax gain on the sale of approximately $120 million in the second quarter of 2022 (approximately $94 million after-tax).
  • View the full release here: https://www.businesswire.com/news/home/20220531005964/en/
    Block 21 was Stratus wholly owned mixed-use real estate property in downtown Austin, Texas.
  • William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, said, We are pleased to conclude the sale of Block 21.
  • I am confident that Block 21 will continue to thrive as an Austin icon within the Ryman portfolio.

Stratus Properties Inc. and Ryman Hospitality Properties, Inc. Provide Update on Anticipated Closing Date for Sale of Block 21

Retrieved on: 
Monday, March 28, 2022
Residential Building & Real Estate, Other Retail, Lodging, Commercial Building & Real Estate, Music, Construction & Property, Travel, General Entertainment, Events, Concerts, Entertainment, Retail, Ryman Hospitality Properties, NASDAQ, Sale, Moody, Forward-looking statement, Block 21, Stratus, W Austin Hotel and Residences, Ryman, U.S. Securities and Exchange Commission, COVID-19, Compte rendu, Annual report, STRS, Busch Properties, Inc., Acquisition, Commercial property

Stratus Properties Inc. (NASDAQ: STRS) (Stratus) and Ryman Hospitality Properties, Inc. (Ryman) announced today that the anticipated closing date for the previously announced sale of Block 21 by Stratus to Ryman has been extended, as the parties complete the process of obtaining the remaining required approvals of the assumption of the propertys existing mortgage loan by the purchaser.

Key Points: 
  • Stratus Properties Inc. (NASDAQ: STRS) (Stratus) and Ryman Hospitality Properties, Inc. (Ryman) announced today that the anticipated closing date for the previously announced sale of Block 21 by Stratus to Ryman has been extended, as the parties complete the process of obtaining the remaining required approvals of the assumption of the propertys existing mortgage loan by the purchaser.
  • Block 21 is Stratus wholly owned mixed-use development in downtown Austin, Texas, that contains the W Austin Hotel and office, retail and entertainment space, including the ACL Live at Moody Theater concert venue.
  • This press release contains forward-looking statements in which Stratus discusses factors it believes may affect its future performance.
  • Forward-looking statements are all statements other than statements of historical fact, including statements regarding whether and when the sale of Block 21 will be completed.

ORPHEUM Property, Inc Announces Voluntary Chapter 11 (Subchapter V) Filing of KLMKH, Inc Division

Retrieved on: 
Friday, March 11, 2022
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The timing of the filing was in response to a scheduled auction of KLMKH's assets related to a $4.67MM judgment issued and reported last summer.

Key Points: 
  • The timing of the filing was in response to a scheduled auction of KLMKH's assets related to a $4.67MM judgment issued and reported last summer.
  • With all negotiations with the lender being unsuccessful, the petition was filed to give KLMKH an opportunity to meet its financial obligations in full.
  • The separate assets and liabilities of the Company are not part of or affected by the KLMKH filing.
  • The Company has been expanding its scope of operations, including into cryptocurrency tokens, a Crypto COLO Center and several other energy sectors.

EastGroup Properties Announces New Director

Retrieved on: 
Thursday, February 3, 2022
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JACKSON, Miss., Feb. 3, 2022 /PRNewswire/ --EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "EastGroup") announced today that David M. Fields has been appointed to the EastGroup board of directors (the "Board") effective February 1, 2022 and will serve on its compensation committee.

Key Points: 
  • JACKSON, Miss., Feb. 3, 2022 /PRNewswire/ --EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "EastGroup") announced today that David M. Fields has been appointed to the EastGroup board of directors (the "Board") effective February 1, 2022 and will serve on its compensation committee.
  • Mr. Fields has served on the board of directors of CBL Properties since November 2021 and chairs the Nominating/Corporate Governance Committee.
  • "EastGroup is a company recognized for its solid legacy, sustained growth and impressive leadership.
  • EastGroup Properties, Inc. (NYSE: EGP), a S&P Mid-Cap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.

Capital Properties, Inc. Declares Regular Quarterly Dividend

Retrieved on: 
Friday, January 28, 2022
Advertising, Indian stock exchange, Company, Director, CPTP, Board, OTCQX, Busch Properties, Inc., Holding company, Commercial property, Security (finance)

PROVIDENCE, R.I., Jan. 28, 2022 /PRNewswire/ --Capital Properties, Inc. (OTCQX: CPTP) announced that, at its regular quarterly meeting held on January 26, 2022, the Board of Directors declared a regular quarterly dividend of $0.07 (seven cents) per share on the Company's outstanding Class A Common Shares (6,599,912) payable on February 25, 2022 to shareholders of record as of the close of business on February 11, 2022.

Key Points: 
  • PROVIDENCE, R.I., Jan. 28, 2022 /PRNewswire/ --Capital Properties, Inc. (OTCQX: CPTP) announced that, at its regular quarterly meeting held on January 26, 2022, the Board of Directors declared a regular quarterly dividend of $0.07 (seven cents) per share on the Company's outstanding Class A Common Shares (6,599,912) payable on February 25, 2022 to shareholders of record as of the close of business on February 11, 2022.
  • Capital Properties, Inc. and its subsidiary's principal business consist of the long-term leasing of certain of its real estate interests in downtown Providence, Rhode Island for commercial development and the leasing of locations along interstate and primary highways in Rhode Island and Massachusetts for outdoor advertising purposes.