5% Dividend Yield From Postal Office Real Estate: Postal Realty (NYSE:PSTL)

Postal Realty Trust (PSTL) is an internally managed real estate investment trust (‘REIT’) that owns properties leased to the United States Postal Service (‘USPS’). The fragmented state of USPS properties makes PSTL an unlikely growth story with a hefty 5% dividend yield as a starting point. While the tenant concentration is a potential cause for concern, PSTL appears to be a worthy addition to any dividend growth portfolio.

Postal Office Real Estate

For those who are unfamiliar with postal office real estate, the USPS is a government entity whereas the underlying USPS properties are often privately owned. PSTL owns 666 such properties spread across 47 states, with a heavy concentration everywhere except the West coast:

(2020 Investor Presentation)

While it is tempting to put PSTL in the same league as triple net lease (‘NNN’) operators such as Realty Income (O), there are important distinctions to make. Typical NNN REITs like

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Florida’s Choice Realty Celebrates Grand Opening of Real Estate Company Serving Ocala, Gainesville and Jacksonville, Florida – Press Release

Buying or selling a home in Northeast and Central Florida just became much more simple. Florida’s Choice Realty is answering the call with a deeply experienced, knowledgeable, and motivated team of real estate professionals.

Northeast and Central Florida are prime places to buy and sell real estate. Of course, trying to navigate the local real estate scene without professional assistance can be a huge challenge. Fortunately, there’s a new option available in the area both ready and willing to help. In exciting news, Florida’s Choice Realty recently announced the grand opening of its office, with a dedicated team who are helping clients both buy and sell homes. Florida’s Choice Realty are serving the Ocala, Gainesville and Jacksonville, Florida communities. The new real estate company has been met with enthusiasm.

“Our team of agents team of agents bring a combined 25+ years of experience in the residential real estate industry,” commented

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Realty investor grabs Milpitas apartments near tech hubs

MILPITAS — A veteran real estate investor with a national reach has bought a big apartment complex in Milpitas, a deal that points to ongoing strong buyer interest in the Silicon Valley housing market.

Victorian Square, an apartment complex in Milpitas, has been bought by an affiliate of Klingbeil Capital Management, a real estate firm with a San Francisco office and roots in Ohio, according to public property and business records.

The 96-unit Victorian Square, located at 2021 N. Milpitas Blvd. in Milpitas, was bought for $36.3 million, property records filed with Santa Clara County officials on Oct. 2. show.

Located near tech hubs in San Jose, Milpitas, and Fremont, the apartment complex appears to be in strong demand from renters. The apartments.com website states that none of the units in the complex are available for rent.

Investors appear to hunger for apartment complexes throughout Silicon Valley and the East

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Federal Realty: The Best Multi-Tenant Retail Real Estate Is On Sale (NYSE:FRT)

Investment Thesis

In the eyes of the market, Dividend King Federal Realty Trust (FRT) has lost much of its luster in the COVID-19 pandemic. Despite an astounding 53-year dividend growth streak, the stock has shed 43% of its value this year. The REIT owns and manages well-located mixed-use real estate and high-end open air shopping centers in major (mostly coastal) metropolitan markets across the United States. The focus on quality also extends to FRT’s balance sheet, as it is one of only six REITs that has earned an “A” credit rating.

I first bought FRT shares early this year after selling my rapidly appreciated shares of Taubman Centers (TCO) after the Simon Property Group (SPG) buyout agreement. After feeling very happy with myself for locking in a ~50% gain, it didn’t take long to see most of that value plummet in my FRT position.

Today, I am more bullish than

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CTO Realty Growth Announces Purchase of 106,000 Square Foot Grocery-Anchored Retail Property in Hialeah, Florida for $21 Million

The MarketWatch News Department was not involved in the creation of this content.

DAYTONA BEACH, Fla., Sep 28, 2020 (GLOBE NEWSWIRE via COMTEX) —
CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the acquisition of an approximately 108,000 square foot retail property in Hialeah, Florida (the “Property”) for $21 million, or approximately $194 per square foot. The Property is situated on approximately 8 acres and is master-leased to a national retail developer (“Master Tenant”). The property, which serves a 3-mile population of over 225,000, is occupied by Aldi, Ross Dress for Less (S&P rated: BBB+), Bed, Bath & Beyond and dd’s Discount (S&P rated: BBB+). The 25-year master lease has an initial investment yield within the range of the 2020 Guidance and includes annual rental rate escalations as well as certain future purchase rights by the Master Tenant. The transaction was purchased through a 1031 like-kind exchange using

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