KKR Real Estate Finance Trust Inc. to Announce Third Quarter 2020 Results

KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that it plans to release its financial results for the third quarter 2020 on Monday, October 26, 2020, after the closing of trading on the New York Stock Exchange.

A conference call to discuss KREF’s financial results will be held on Tuesday, October 27, 2020 at 10:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U.S. callers); a pass code is not required. Additionally, the conference call will be broadcast live over the Internet and may be accessed through the Investor Relations section of KREF’s website at http://www.kkrreit.com/investor-relations/events-and-presentations. A slide presentation containing supplemental information may also be accessed through this website in advance of the call.

A replay of the live broadcast will be available on KREF’s website or by dialing (877) 344-7529 (U.S. callers) or +1 (412) 317-0088

Read More Read more

Columbia Property Trust and Allianz Real Estate Expand Joint Venture to Include 221 Main Street in San Francisco

Allianz takes 45% interest in Columbia’s South Financial District tower at $400 million valuation

Brings combined gross asset value of joint ventures between Columbia and Allianz to $2.3 billion

Columbia Property Trust, Inc. (NYSE: CXP) and Allianz Real Estate today announced that they have completed the formation of a joint venture to recapitalize 221 Main Street in San Francisco. Allianz contributed cash of $180 million for a 45% ownership interest in the joint venture, which values 221 Main Street at $400 million. Consistent with most of the other ventures between Columbia and Allianz, Columbia will retain a 55% ownership stake and function as general partner for the venture. Columbia will also continue to oversee the day-to-day operations of the asset.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005838/en/

221 Main Street, a fully-leased, 381,000-square-foot office building in San Francisco’s South Financial District, is now part of an

Read More Read more

Washington Real Estate Investment Trust: DC Metro Stability And Redevelopments Will Fuel Long-Term Growth (NYSE:WRE)


Washington Real Estate Investment Trust (WRE) (“WashREIT”) has exposure to an extremely stable market in the Washington DC metro area. Its properties cover ground in downtown DC, northern Virginia, and Maryland suburbs. The diversified REIT boasts multifamily, office, and retail holdings.

Management has de-risked its portfolio by transitioning to lower-cap rate, lower-risk, and higher-growth suburban multifamily properties. Capital recycling from high-cap rate to lower-cap rate properties has resulted in a short-term decrease in core funds from operations per share and an underperforming stock price. However, the company is well-positioned for the long term with a suburban multifamily focus.

The sector and market focus position the company to benefit from population and employment migration to the region, as well as a continued housing shortage. WashREIT is undervalued due to its diversified nature and recent core FFO per share declines. Suburban office is stable, and retail makes a small portion of

Read More Read more

Alpine Income Property Trust, Inc. Announces Sale of Income Property Leased to Outback Steakhouse for Approximately $5.1

Alpine Income Property Trust, Inc. Announces Sale of Income Property Leased to
Outback Steakhouse for Approximately $5.1 Million

DAYTONA BEACH, Fla., Sept. 28, 2020 (GLOBE NEWSWIRE) -- Alpine Income Property
Trust, Inc. (NYSE: PINE) (the “Company”) announced the disposition of a
single-tenant net-leased casual dining retail income property (the “Property”)
located in Charlottesville, Virginia and leased to Outback Steakhouse. The
Property was sold for approximately $5.1 million, representing an in-place cap
rate of 5.75% and generating a gain of approximately $291,000 or $0.03 per
diluted share. The Company anticipates utilizing the proceeds from the sale of
the Property as part of a like-kind 1031 exchange.

Adjusting for the sale of the Property, the Company’s portfolio now consists
of 44 properties located in 31 markets and 17 states across 16 industries,
with a weighted average remaining lease term of 8.6 years.

John P. Albright, President & CEO commented, “We are pleased 
Read More Read more

Strategic Storage Growth Trust II, Inc. Acquires Two Self Storage Facilities Near Tampa, Florida

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

LADERA RANCH, Calif., Sept. 23, 2020 /PRNewswire via COMTEX/ —
LADERA RANCH, Calif., Sept. 23, 2020 /PRNewswire/ — Strategic Storage Growth Trust II, Inc. (“SSGT II”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced today its acquisition of two recently constructed self storage facilities located in St. Petersburg and Lutz, Florida.

“These acquisitions represent Strategic Storage Growth Trust II’s continued expansion in the highly attractive Florida market. The Class A facilities are highly visible and located in growth paths adjacent to community retail centers and residential developments,” said Wayne Johnson, chief investment officer of SSGT II. “These properties are the type of high-quality self storage facilities that Strategic Storage Growth Trust II seeks to acquire on behalf of its investors and we anticipate significant revenue growth from the

Read More Read more

KBRA Assigns Preliminary Ratings to FirstKey Homes 2020-SFR2 Trust


Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 12 classes of FirstKey Homes 2020-SFR2 Trust (FKH 2020-SFR2) single-family rental pass-through certificates.

FKH 2020-SFR2 is a single-borrower, single-family rental (SFR) securitization that will be collateralized by a $2.5 billion loan secured by first priority mortgages on 14,288 income-producing single-family homes. The fixed-rate loan will require interest-only payments and have a five-year term. FKH 2020-SFR2 will be the second securitization issued by FirstKey Homes and the largest securitization issued in the SFR sector to date.

The underlying single-family rental properties are located in or near 41 core-based statistical areas (CBSAs) across 15 states. The top three CBSAs represent 36.1% of the portfolio and include Miami (14.7%), Atlanta (11.5%), and Indianapolis (9.8%). The aggregate BPO value of the underlying homes is $2.8 billion yielding an LTV of 90.0%. KBRA adjusted BPO value is at $2.6 billion. This

Read More Read more