Retail Opportunity Investments Corp. Schedules Third Quarter Earnings Release and Conference Call

August 24, 2016 0

SAN DIEGO, Aug. 24, 2016 (GLOBE NEWSWIRE) — Retail Opportunity Investments Corp. (NASDAQ:ROIC) will issue financial and operational results for the third quarter ended September 30, 2016 after the market closes on Tuesday, October 25, 2016.  The Company will conduct a conference call and audio webcast on Wednesday, October 26, 2016 at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time.

To access the conference, dial (877) 312-8783 (domestic), or (408) 940-3874 (international) at least ten minutes prior to the scheduled start of the call. When prompted, provide the Conference ID: 71404857. The live webcast will also be available in listen-only mode at

The conference call will be recorded and available for replay beginning at 12:00 p.m. Eastern Time on October 26, 2016 and will be available until 11:59 p.m. Eastern Time on November 2, 2016. To access the conference call recording, dial (855) 859-2056 (domestic) or (404) 537-3406 (international) and use the Conference ID: 71404857. The conference call will also be archived at for approximately 90 days.

About Retail Opportunity Investments Corp.

Retail Opportunity Investments Corp. (NASDAQ:ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast.  As of June 30, 2016, ROIC owned 77 shopping centers encompassing approximately 9.1 million square feet.  ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast.  ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody’s Investor Services and Standard & Poor’s.  Additional information is available at:

Contact:Ashley Rubino, Investor

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WNC Closes $102 Million Institutional LIHTC Fund

August 23, 2016 0

IRVINE, Calif., Aug. 23, 2016 (GLOBE NEWSWIRE) — WNC, a national investor in real estate and community development initiatives, announced today it has closed WNC Institutional Tax Credit Fund 42, L.P. (WNC Corp. 42), a $102 million institutional low-income housing tax credit (LIHTC) fund.

WNC Corp. 42 is estimated to include 1,504 affordable housing units in total, and is comprised of 17 family and senior housing communities scheduled for new construction and rehabilitation. The properties will be located in 12 states, including Arkansas, California, Iowa, Idaho, Louisiana, Massachusetts, Minnesota, New Jersey, South Dakota, Tennessee, Texas and Wisconsin.

“Approximately 28 percent of the projects in WNC Corp. 42 are new construction and will help to expand the nation’s limited stock of affordable housing,” said WNC Senior Vice President of Investor Relations Christine Cormier. “The remaining 72 percent of the fund’s projects include traditional and historical renovation, preserving the desperately needed affordable housing supply currently available to seniors and families in eight states. WNC is proud to continue existing investment partnerships and expand our investor base with this fund, which consists of two economic investors and four CRA (Community Reinvestment Act) investors.”

This is the second national fund and third multi-investor fund WNC has closed in 2016, totaling $329.7 million year-to-date.

About WNC

WNC, founded in 1971 and headquartered in Irvine, Calif., is a national investor in real estate and community development initiatives, as well as a leading investor in low-income housing tax credits (LIHTC). WNC has acquired more than $7.6 billion of assets totaling in excess of 1,300 properties in 45 states, Washington D.C., and the U.S. Virgin Islands. Since 2000, WNC has been awarded four New Markets Tax Credit (NMTC) allocations, totaling $178 million, and has facilitated development of 17 low-income community projects. WNC’s investor base exceeds 19,500 institutional and retail clients, including Fortune 500 companies, multinational banks, and insurance companies. Additional information is available at

ContactJulie Leber Spotlight Marketing Communications949.427.5172 ext. 703

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Shopoff Realty Investments Acquires Unique Coastal Huntington Beach Redevelopment Project

August 22, 2016 0

HUNTINGTON BEACH, Calif., Aug. 22, 2016 (GLOBE NEWSWIRE) — Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced today that the company has acquired 28.6 acres of land in Huntington Beach, Calif. for redevelopment for $26.5 million. The site is currently home to a former oil storage tank farm and pumping facility.

The property is located at the intersection of Magnolia Street and Banning Avenue and is situated 400 yards from the entrance to the Huntington State Beach on Pacific Coast Highway. Additionally, the property has coastal and ocean views across the Huntington Beach Channel and the beautifully restored Magnolia and Brookhurst Marshes of the Huntington Beach Wetlands Conservancy.

“We intend to employ our expertise and creative planning to transform this now former oil terminal consisting of three 500,000 barrel tanks (approximately 63 million gallons) into a thriving new mixed-use development featuring a visitor-serving resort and commercial and residential components,” said William Shopoff, chief executive officer of Shopoff Realty Investments. “The land parcel is in a phenomenal location with close proximity to the Pacific Ocean. Redevelopment of a site like this is a challenge on many fronts, but creates incredible opportunities, making it an ideal project for our unique team of value-add experts.”

“We intend to have the oil tanks removed and take additional efforts, if needed, to clean up the site, and provide a development that really enhances the local community,” added John Santry, executive vice president of Shopoff Realty Investments Land Division. “We believe that the replacement of this large industrial facility with a beautifully designed mixed use development will better serve the community by providing improved aesthetics and services.”

About Shopoff Realty Investments

Shopoff Realty Investments has a 24-year history of over 100 programs and 529 investments, of which more than 488 have gone full cycle with an average holding period of 2.7 years. Shopoff Realty Investments and its executive leadership have completed more than 5,000 real estate transactions, including the acquisition, management, entitlement and development of more than 23,000 parcels and lots, 77,000 multifamily units, and 6 million square feet of commercial properties, with an aggregate value in excess of $11 billion. For additional information, please visit or call (844) 4-SHOPOFF.


Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers. Securities offered through Shopoff Securities, Inc. member FINRA/SIPC, 2 Park Plaza, Suite 1120, Irvine, CA 92614, (844) 4-SHOPOFF.

Contact: Jill SwartzSpotlight Marketing Communications949.427.5172, ext.

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Mango Capital, Inc. Announces the Retention of Boutique Investment Banking Firm

August 18, 2016 0

FAR HILLS, N.J., Aug. 18, 2016 (GLOBE NEWSWIRE) — Mango Capital, Inc. (OTC:MCAP) today announces the retention of premier investment bank, Meyers Associates, L.P.

“We are thrilled to join forces with such a respected institution,” stated Mango President Rick Makoujy.  “Having this partnership should greatly broaden our ability to opportunistically grow Mango’s balance sheet for the benefit of MCAP shareholders.”

As a decades old boutique investment banking firm, Meyers Associates provides financial and brokerage services to a select group of corporate, individual and institutional clients.  Meyers’ key focus is on public offerings, private placements, and merger and acquisition advisory services. Meyers seeks companies that have strong management teams and high growth potential.  Meyers not only helps its clients raise financing, but also guides them through all cycles of growth.  Meyers has a corporate finance team of seasoned business and financial professionals that provides industry expertise and ensures that clients executing an investment banking transaction are well prepared. By applying high-end transactional expertise, the company can maximize deal terms and protect the client’s interest.

Raana Khan, Meyers’ Executive Vice President and Greg Traina, Meyers’ Managing Director, both commented, “We are very excited about having an opportunity to work with Rick Makoujy, Jr. and Mango Capital.  We are looking forward to assisting Mango with its expansion plans.”

About Meyers Associates, L.P.

Founded in 1993 by Bruce Meyers, Meyers Associates, L.P. is a full-service boutique investment banking firm committed to providing clients with outstanding personal attention in a wide range of financial services. This approach distinguishes Meyers Associates, L.P. in the industry, and accounts for an outstanding record of long-term stability and growth.

About Mango Capital, Inc.

Mango Capital, Inc. is a real estate holding company specializing in acquiring undervalued American land and complimentary operating businesses in promising markets. MCAP recently completed the acquisition of more than 500 real estate properties in Arkansas, Arizona, Colorado, New Mexico and Texas. With a motivated team, Mango will seize the opportunity to efficiently grow Mango into a major domestic land owner. Mango plans to acquire promising real property efficiently utilizing company shares as currency and intends to improve and opportunistically sell properties for cash and/or notes.

For additional information about Mango, contact Jacqueline Palumbo, Communications Director, Mango Capital, Inc., at (845) 270-5792 or Rick Makoujy, Jr. at

Please visit our website here:

This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. The matters discussed in this news release involve goals, forecasts, assumptions, risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements.

Company Investor RelationsStuart T.

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Real Estate Expert Seth Stisher Stars in FYI Network’s “Waterfront House Hunting”

August 16, 2016 0

CHARLESTON, S.C., Aug. 16, 2016 (GLOBE NEWSWIRE) — In the second season of FYI’s original series, “Waterfront House Hunting,” nationally-recognized real estate agent and professional water-skier Seth Stisher serves as the host, guiding prospective homeowners as they search for their perfect waterfront dream home. Stisher is a knowledgeable source for prospective home buyers, providing them valuable insight into the home buying experience and showing them incredible waterfront homes in the process.

A Charleston-native, Stisher is the true “jack of all trades.” His love of adventure and sports has been influential in building a successful waterfront real estate career. Stisher has competed in water skiing competitions around the world, helping buyers find their perfect home along the way.  With an extensive network of global knowledge and contacts, he brings a unique perspective to what it means to marry your passion with your career, making him the ideal choice to serve as host for the current season of “Waterfront House Hunting.”

Stisher provides knowledgeable and poignant insight into the real estate market to buyers, both on and off the show. By helping buyers consider the most important factors when buying a home, Stisher helps to navigate the home buying process.

A graduate of the University of Alabama, Seth moved to Charleston where he has resided for 17 years.  When he isn’t showing waterfront properties and inking deals, Seth can be found tending to his initial passion – water skiing.  

About Seth Stisher

Seth Stisher and his team at Seth Realty, part of Coldwell Banker Residential Mortgage of Charleston, work tirelessly on behalf of their clients to capitalize on real estate investments and help their clients move seamlessly through the process. Coupling his experience on the water as a professional water-skier with his extreme knack for client services help him with his work in a market that is based almost entirely around the water—Charleston, South Carolina.  Coupled with his global network of contacts from his waterski coaching and competitions across the world, he is able to provide great opportunities for his clients. For more information, visit

About FYI

For your inspiration, for your imagination or for your innovation, FYI™ embraces an adventurous, personalized and non-prescriptive approach to peoples’ taste, space, look, story and more. FYI covers a range of stories and experiences that reflect how people actually live their lives today, not defined by just one passion or interest. FYI is a division of A+E Networks, a joint venture of the Disney-ABC Television Group and Hearst Corporation. The FYI website is located at Follow us on Twitter at and Facebook at For more press information and photography please visit us at:







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California Supreme Court to Live-Stream Oral Arguments on Case Determining Representation in Dual Agency Real Estate Transactions

August 16, 2016 0

AVONDALE, Ariz., Aug. 16, 2016 (GLOBE NEWSWIRE) — On September 7, 2016, the California Supreme Court will be hearing oral arguments on a case that could have ramifications for how real estate agents work not only in California, but across the country. Hiroshi Horiike v Coldwell Banker Residential Brokerage Company et. al. calls into question the representation owed by real estate agents and brokers to the parties of a dual agency transaction.

In the State of California, dual agency occurs when a single brokerage (even if there are two agents) represent both the buyer and the seller in a transaction. Mr. Horiike was buying a property with one Coldwell Banker agent and the home he purchased was listed with another Coldwell Banker agent. After purchasing the home, Mr. Horiike discovered that the home was considerably smaller than had been represented by the listing agent and that the listing agent was aware of the discrepancy in the published square footage and the actual square footage. Mr. Horiike sued the listing agent and Coldwell Banker for breach of fiduciary duty alleging that since he was a client of Coldwell Banker, the listing agent owed him the same fiduciary duties as his buyer agent.

While Horiike lost the initial case, he prevailed upon appeal. The Court of Appeal stated, “When a broker is the dual agent of both the buyer and the seller … the salespersons acting under the broker have the same fiduciary duty to the buyer and the seller as the broker.” The Court also found that the listing agent breached his fiduciary duty to Horiike because he did not disclose known material information about the square footage of the home. Coldwell Banker has appealed to the California Supreme Court.

In March, 2015, the National Association of Exclusive Buyer Agents (NAEBA) filed an Amicus Curiae Brief in support of the plaintiff, Hiroshi Horiike. In it, NAEBA states, “(NAEBA) believes that the Court of Appeal’s interpretation of the Civil Code is entirely correct. No other industry allows agents to work both sides of the fence, or to do so without paying a price or taking on heightened responsibility.” It goes on to add, “What is really at stake here is transparency, which is lacking in the real estate industry. Many common practices cloud the public’s awareness of how real estate professionals work. Most people think that ‘their’ ‘agent’ – the associate showing them homes – represents them exclusively. That is not always the case.” NAEBA’s Amicus Curiae Brief can be read in its entirety at

The case is currently scheduled for oral arguments on Wednesday, September 7, 2016 at 9:00am PDT in San Francisco and will broadcast live online. According to a notice posted on the California Supreme Court website, “The webcast can be accessed through website buttons posted at the time of oral argument on the California Courts website (the home page, the court’s home page and calendar page). There will be buttons that link to the live video stream and the captioning in English and Spanish.”


The National Association of Exclusive Buyer Agents (NAEBA), created in 1995, is an organization of companies dedicated to representing only buyers of real estate. NAEBA member brokerages do not list homes for sale and never represent sellers. This restriction to one side of the real estate transaction avoids conflicts and ensures that the interest of the home buyer is protected at all times from house-hunting and negotiation to inspection, financing and closing.

Kimberly Kahl, CAENAEBA Executive Director623-932-0098888-623-2299

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CareTrust REIT Makes Preferred Equity Investment

August 11, 2016 0

SAN CLEMENTE, Calif., Aug. 11, 2016 (GLOBE NEWSWIRE) — CareTrust REIT, Inc. (NASDAQ:CTRE) today announced that it completed a $2.2 million preferred equity investment with a development affiliate of existing CareTrust tenant Cascadia Healthcare, LLC. Cascadia will use the preferred equity funds to construct a new 99-bed transitional rehabilitation facility in Nampa, Idaho, just a block away from Nampa’s 152-bed Saint Alphonsus Medical Center. The preferred equity arrangement is the first of three such development investments anticipated with Cascadia, and includes a purchase option that will allow CareTrust to own the newly completed facility upon stabilization.

“This project responds to a longstanding community need in Nampa with a state-of-the-art facility that will provide a template for the future of post-acute care in Idaho,” said Matt Smith, a well-known local developer and one of Cascadia’s founding principals. Owen Hammond, a post-acute care industry veteran and another of Cascadia’s founding principals, added, “CareTrust’s extensive operating experience makes them unique among capital providers in their ability to understand our ambitions and needs, and we are pleased to have them as a financing partner.”

Standing on the development site in Nampa, Mark Lamb, CareTrust’s Director of Investments, said, “The Cascadia team has continued to impress us in their operation of our recently-acquired Boise facility,” referring to Shaw Mountain of Cascadia, a nearby CareTrust property operated by another Cascadia affiliate. “With their long and deep development and operating experience, we are confident in their ability to successfully launch this new Nampa facility,” he added.

The approximately 52,000 square foot facility commenced construction on Wednesday at a groundbreaking ceremony attended by Nampa Mayor Bob Henry and Idaho Healthcare Association President Mark Maxfield, along with representatives of the medical community and others. The city of Nampa is part of the Boise metropolitan area, and the new facility is slated for completion in mid-2017.

The preferred equity investment delivers a variable annual preferred return of at least 12.0%. With the investment, CareTrust also obtained an option to purchase the facility upon stabilization at a fixed-formula price. If exercised, the facility will be added to CareTrust’s existing triple-net master lease with Cascadia at an initial lease yield of at least 9.0%.

About CareTrustTM

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 149 net-leased healthcare properties and three operated seniors housing properties in 20 states, CareTrust is pursuing opportunities nationwide to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses. More information about CareTrust is available at

CONTACT: CareTrust REIT, Inc.(949)

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