Midwest Real Estate Data (MRED) Joins Select Group with Latest RESO Certification

September 28, 2016 0

LISLE, Ill., Sept. 28, 2016 (GLOBE NEWSWIRE) — Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced that it has received the Gold Certification for the Real Estate Standard Organization (RESO) Web API (Application Programming Interface).

In computer programming, an application programming interface (API) is a set of subroutine definitions, protocols, and tools for building software and applications. This API will be used as the go-between for the apps and websites that use MRED data. By implementing the API, MRED’s subscribers apps and websites will be returning “real-time” listing information. Gold Level Certification enables MRED to provide more features and functions that allow technology partners to deliver greater innovation in applications utilized by MRED’s subscribers versus Core Level Certification.  

“MRED’s penchant for innovation continues with its implementation of the latest real estate industry standards,” said Jeremy Crawford, Executive Director of RESO. “MRED helps to raise the bar for the entire MLS industry with their Gold Level Certification for the RESO Web API Server.  Their proven and steadfast commitment to RESO standards demonstrates their leadership in helping our industry embrace more innovation to make it remarkably more efficient. The example MRED sets with their forward-thinking is something we hope every MLS emulates.”

“MRED has made a huge commitment to RESO and fully support the great work it is doing,” said MRED President and Chief Executive Officer Rebecca Jensen.  “It was very important to us to attain the Gold Certification.  We will continue our work, in conjunction with RESO and others across the industry, to establish data standards consistent with the best interests of our brokerages and the real estate industry.”

About MRED

Midwest Real Estate Data (MRED) is the real estate data aggregator and distributor providing the Chicagoland multiple listing service (MLS) to more than 40,000 brokers and appraisers and nearly 7,200 offices.  MRED serves Chicago and the surrounding “collar” counties and provides property information encompassing northern Illinois, southern Wisconsin and northwest Indiana.  MRED delivers over twenty products and services to its customers, complementing connectMLS™, the top-rated MLS system in the country for three years running according to the WAV Group MLS Technology Survey.  MRED is the 2013 Inman News Most Innovative MLS/Real Estate Trade Association, and for five consecutive years the MRED Help Desk has been identified as one of the best small business centers in the United States and Canada by BenchmarkPortal.  For more information please visit MREDLLC.com.

About RESO

The mission of the Real Estate Standards Organization (RESO) is to create and promote the adoption of standards that drive efficiency throughout the real estate industry. RESO incorporated was founded in November 2011, as an independent, not-for-profit trade organization that was previously a section of the National Association of REALTORS®. RESO has more than 500 active members, including NAR, multiple-listing services, real estate associations, brokerages and industry technology providers. For more information, visit www.reso.org.

A photo accompanying this release is available at:

http://www.globenewswire.com/newsroom/prs/?pkgid=41513

Jeff Lasky MRED Chief Operating Officer630-799-1470

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Mango Capital, Inc. Announces the Retention of Award Winning Accounting Firm

September 28, 2016 0

FAR HILLS, N.J., Sept. 28, 2016 (GLOBE NEWSWIRE) — Mango Capital, Inc. (OTC:MCAP) today announces the retention of Friedman LLP Accountants and Advisors. Friedman LLP will be assisting the Company on its goal of becoming fully reporting by the end of 2016.

“Once again Mango is excited to add another powerful and longstanding firm like Friedman LLP to the MCAP team,” stated Mango President Rick Makoujy.  “As we strive toward a listing on a higher exchange, we know that being fully reporting and audited is a major step in the process.”

Friedman is dedicated to empowering their clients to achieve critical financial goals that improve their lives.  Friedman takes their clients’ interests, their business, and relationship personally—providing powerful expertise, hands-on attention, and continual care that help drive them forward.

About Friedman LLP

Friedman LLP, headquartered in Manhattan with locations throughout New Jersey, Long Island, Philadelphia, and Beijing has been serving the accounting, tax and business consulting needs of public and private companies since 1924.

Their industry-focused practice features concentrated areas of expertise and understanding of the economic environment. Friedman has the ability to be innovative in their approach, act quickly in our decision-making and be flexible in our delivery of services. Their clients benefit from hands-on contact with Friedman partners, cutting-edge technical expertise and their understanding of their industry and their business. Their clients have the advantage of working with a mid-size accounting firm that combines the staff and resources of a large firm with a philosophy of personal responsibility for their clients. Please also visit the Friedman practice and service areas to learn more about their firm.

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 Rick@MangoCapitalInc.com

Please visit our website here:  http://mangocapitalinc.com/

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. Smith512-267-2430info@smallcapvoice.com

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Broadstone Net Lease Announces Year to Date Property Acquisitions of $298.7 Million

September 23, 2016 0

ROCHESTER, N.Y., Sept. 23, 2016 (GLOBE NEWSWIRE) — Broadstone Net Lease (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, continues to grow its national portfolio of triple-net leased properties. Through the first nine months of 2016, the company has acquired 47 properties via 13 transactions for $298.7 million. BNL now owns a 100% leased portfolio of 382 properties in 35 states and has a total market capitalization of nearly $2.0 billion.

Recent acquisitions include the July, 2016 lease assumption of Stanislaus Surgical Hospital, a 52,000 square foot acute care hospital and adjacent 15,000 square foot medical office building located in Modesto, California. Stanislaus opened in 1985 as one of the first independent surgery centers in the state of California. The hospital is comprised of eight operating rooms, three treatment rooms, and 23 inpatient beds. Both buildings are held under one master lease with a remaining term of 14+ years, four (4), 5-year renewal options, and annual rent increases of 3%. On April 1st, 2016, Sacramento, California-based Sutter Health became the majority owner of Stanislaus. Under the agreement, Stanislaus will remain a separate business entity and continue operations as they currently stand.

In August 2016, BNL acquired a portfolio of three single-tenant, triple-net leased student housing properties located in California, Oregon, and Oklahoma, and tenanted by the Alpha Omicron Pi sorority. In aggregate, the properties total 31,935 square feet and contain 104 beds, with an approximate weighted average remaining lease term of 18 years, and 2.00% annual rent escalations.

BNL’s shareholders continue to enjoy positive results. Effective August 1st, BNL’s Independent Directors Committee (IDC) voted to increase BNL’s Determined Share Value (DSV) by $3.00 to $77.00 per share, which represents a 4% increase. BNL’s monthly distribution was maintained at $0.41 per share and OP unit, which equates to a 6.4% annualized yield for new shareholders¹. Year to date, BNL has raised $190.2 million in new equity, including dividend reinvestment and one UPREIT transaction. 

Thus far, 2016 is shaping up to look very solid in terms of both acquisitions and capital raising activity,” said Chris Czarnecki, President and CFO of Broadstone Real Estate. “Our team looks forward to announcing additional triple-net lease property acquisitions throughout the remainder of 2016.”

About Broadstone Net Lease:

Broadstone Net Lease (BNL) invests in freestanding, single-tenant, triple-net leased properties located throughout the United States, primarily via sale and leaseback transactions. With a diversified portfolio of 382 medical, industrial and retail properties in 35 states, the REIT targets individual or portfolio acquisitions within the $10 to $200+ million range.

There are currently nearly 1,900 shareholders in BNL, which is externally managed by Broadstone Real Estate, LLC. BNL remains open for new investment by accredited investors on a monthly basis, with a minimum investment of $500,000. Shares are offered directly by Broadstone via private placement. Please see certain important disclosures regarding BNL at broadstone.com/disclosures.

Accredited investors are invited to download an investor kit: broadstone.com/S16

1: The annualized dividend yield is based on the current DSV of $77.00 per share as of 8/1/16.   Dividends are not guaranteed and are determined at the discretion of the Broadstone Net lease, Inc. Board of Directors. Performance data represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance data presented. BNL is not required by law to follow any standard methodology when calculating and representing performance data. The performance of BNL may not be directly comparable to the performance of other private or registered REITs. All performance data above is presented net of fees.  View our website, www.broadstone.com for further information including important definitions and calculations. 

Media Contact: Emma BlissMarketing CoordinatorEmma.Bliss@Broadstone.com585.287.6479

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New York Mortgage Trust to Present at the JMP Securities Financial Services & Real Estate Conference

September 21, 2016 0

NEW YORK, Sept. 21, 2016 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the “Company”) announced today that it is scheduled to present at the JMP Securities Financial Services & Real Estate Conference on Tuesday, September 27, 2016 at The St. Regis in New York, New York.  The Company’s presentation is scheduled to begin at 10:00 am.  Presentation materials will be available on the Company’s website at www.nymtrust.com in the “Events & Presentations” section beginning at 9:00 am on September 27, 2016.

About New York Mortgage Trust

New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes. NYMT is an internally managed REIT which invests in mortgage-related and financial assets and targets residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family CMBS, direct financing to owners of multi-family properties through mezzanine loans and preferred equity investments and other commercial real estate-related investments, Agency RMBS consisting of fixed-rate, adjustable-rate and hybrid adjustable-rate RMBS and Agency IOs consisting of interest only and inverse interest-only RMBS that represent the right to the interest component of the cash flow from a pool of mortgage loans. The Midway Group, L.P. and Headlands Asset Management, LLC provide investment management services to the Company with respect to certain of its targeted asset classes.

For Further InformationCONTACT: AT THE COMPANY Kristine R. NarioInvestor RelationsPhone: (646) 216-2363Email: knario@nymtrust.com

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Griffin Announces Fiscal 2016 Third Quarter Leasing

September 20, 2016 0

NEW YORK, Sept. 20, 2016 (GLOBE NEWSWIRE) — Griffin Industrial Realty, Inc. (NASDAQ:GRIF) (“Griffin”) announced that in its fiscal 2016 third quarter, it had a net increase of approximately 127,000 square feet in space leased, renewed a lease of approximately 50,000 square feet and leased its Quincy, Florida production nursery (the “Florida Farm”). The net increase in space leased was driven by a ten year lease for approximately 120,000 square feet in 5210 Jaindl Boulevard (“5210 Jaindl”), Griffin’s approximately 252,000 square foot industrial/warehouse building in the Lehigh Valley of Pennsylvania that was completed in June 2016. The new tenant is expected to take occupancy in the fiscal 2017 first quarter. Griffin is in negotiations to lease the balance of 5210 Jaindl. With the addition of 5210 Jaindl, Griffin now owns approximately 1,183,000 square feet of industrial/warehouse space in the Lehigh Valley. In the fiscal 2016 third quarter, Griffin also extended a lease of approximately 50,000 square feet, and added approximately 10,000 square feet to that lease, in one of its industrial/warehouse buildings in New England Tradeport (“NE Tradeport”), Griffin’s industrial park in Windsor and East Granby, Connecticut. Also in the fiscal 2016 third quarter, Griffin entered into a three year lease of its Florida Farm with a nursery grower that includes an option for the tenant to purchase the Florida Farm at any time during the lease period at an agreed upon price. The previous lease of the Florida Farm expired in the fiscal 2016 second quarter. Griffin is also in negotiations to lease an entire approximately 57,000 square foot industrial/warehouse building in NE Tradeport. The previous lease for that building expired earlier this year.

Through the first nine months of fiscal 2016, Griffin has leased approximately 263,000 square feet of industrial/warehouse space and approximately 16,000 square feet of office/flex space. In addition to the new lease in 5210 Jaindl, the leasing of industrial/warehouse space also includes an approximately 101,000 square foot lease in 4270 Fritch Drive, one of Griffin’s four other industrial/warehouse buildings in the Lehigh Valley. Leases aggregating approximately 61,000 square feet of industrial/warehouse space and approximately 31,000 square feet of office/flex space expired in the first nine months of fiscal 2016. As a result of the leasing activity during the first nine months of fiscal 2016, Griffin’s space under lease increased by approximately 187,000 square feet since the start of its 2016 fiscal year.

As of the end of the fiscal 2016 third quarter, Griffin’s portfolio of approximately 3,297,000 square feet was approximately 88% leased (which includes the approximately 132,000 square foot vacancy in the newly constructed building, 5210 Jaindl), as compared to approximately 89% leased at the end of fiscal 2015, before 5210 Jaindl was added to Griffin’s portfolio.

Forward-Looking Statements:

This Press Release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. These forward-looking statements include the timing of occupancy by the new tenant in 5210 Jaindl and the leasing of the balance of 5210 Jaindl. Although Griffin believes that its plans, intentions and expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such plans, intentions or expectations will be achieved. The projected information disclosed herein is based on assumptions and estimates that, while considered reasonable by Griffin as of the date hereof, are inherently subject to significant business, economic, competitive and regulatory uncertainties and contingencies, many of which are beyond the control of Griffin and which could cause actual results and events to differ materially from those expressed or implied in the forward-looking statements. Important factors that could affect the outcome of the events set forth in these statements are described in Griffin’s Securities and Exchange Commission filings, including the “Business,” “Risk Factors” and “Forward-Looking Information” sections in Griffin’s Annual Report on Form 10-K for the fiscal year ended November 30, 2015. Griffin disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release except as required by law.

CONTACT:Anthony GaliciChief Financial Officer(860) 286-1307

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30-Year Fixed Mortgage Rates Fall Slightly; Current Rate is 3.30%, According to Zillow Mortgage Rate Ticker

September 20, 2016 0

SEATTLE, Sept. 20, 2016 (GLOBE NEWSWIRE) — The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.30 percent, down 1 basis point from this time last week. The 30-year fixed mortgage hovered between 3.28 percent and 3.36 percent for most of the week before settling at the current rate.

“Mortgage rates were flat last week, holding near their highest levels since late July,” said Erin Lantz, vice president of mortgages at Zillow. “This week markets will focus on the Fed’s monetary policy decision on Wednesday, the tone of which will set expectations for rate hikes for the rest of 2016. While markets are betting against a rate hike this month, rates could jump if the language is more hawkish than expected.”

Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgages site and reflect the most recent changes in the market. These are not marketing rates, or a weekly survey.

The rate for a 15-year fixed home loan is currently 2.54 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.61 percent.  

Below are current rates for 30-year fixed mortgages by state. Additional states’ rates are available at: http://www.zillow.com/mortgage-rates.

           
  State

Current

30-Year

Fixed Rate

(9/20/16)
Last Week’s

30-Year

Fixed Rate

(9/13/16)
Change in

Basis

Points
 
  California Mortgage Rates   3.31 %   3.30 % +1  
  Colorado Mortgage Rates   3.32 %   3.29 % +3  
  Florida Mortgage Rates   3.29 %   3.31 % -2  
  Illinois Mortgage Rates   3.31 %   3.33 % -2  
  Massachusetts Mortgage Rates   3.29 %   3.32 % -3  
  New Jersey Mortgage Rates   3.27 %   3.33 % -6  
  New York Mortgage Rates   3.34 %   3.38 % -4  
  Pennsylvania Mortgage Rates   3.31 %   3.31 % 0  
  Texas Mortgage Rates   3.30 %   3.30 % 0  
  Washington Mortgage Rates   3.32 %   3.27 % +5  
                   

About Zillow Mortgages

Zillow Mortgages, operated by Zillow, Inc., is a free, open, and transparent lending marketplace, where borrowers connect with lenders to find loans and get the best mortgage rates.  Borrowers anonymously submit loan requests and receive an unlimited number of custom mortgage quotes with real rates directly from thousands of competing lenders.  Zillow Mortgages also provides mortgage calculators, mortgage advice, mortgage widgets, and lender directories

Zillow is a registered trademark of Zillow, Inc.

Media Contact: Catharine Neilson, Zillowpress@zillow.com

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New York Mortgage Trust Declares Third Quarter 2016 Common Stock Dividend of $0.24 Per Share, and Preferred Stock Dividends

September 15, 2016 0

NEW YORK, Sept. 15, 2016 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the “Company”) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.24 per share on shares of its common stock for the quarter ending September 30, 2016. The dividend will be payable on October 28, 2016 to common stockholders of record as of September 26, 2016.

In accordance with the terms of the 7.75% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) of the Company, the Board of Directors declared a Series B Preferred Stock cash dividend of $0.484375 per share of Series B Preferred Stock for the quarterly period that began on July 15, 2016 and ends on October 14, 2016.  This dividend is payable on October 15, 2016 to holders of record of Series B Preferred Stock as of October 1, 2016. 

In accordance with the terms of the 7.875% Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”) of the Company, the Board of Directors declared a Series C Preferred Stock cash dividend of $0.4921875 per share of Series C Preferred Stock for the quarterly period that began on July 15, 2016 and ends on October 14, 2016. This dividend is payable on October 15, 2016 to holders of record of Series C Preferred Stock as of October 1, 2016.

About New York Mortgage Trust

New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes. NYMT is an internally managed REIT which invests in mortgage-related and financial assets and targets residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family CMBS, direct financing to owners of multi-family properties through mezzanine loans and preferred equity investments and other commercial real estate-related investments, Agency RMBS consisting of fixed-rate, adjustable-rate and hybrid adjustable-rate RMBS and Agency IOs consisting of interest only and inverse interest-only RMBS that represent the right to the interest component of the cash flow from a pool of mortgage loans. The Midway Group, L.P. and Headlands Asset Management, LLC provide investment management services to the Company with respect to certain of its targeted asset classes.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the payment of the dividends. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us.  These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us, including those described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, which has been filed with the Securities and Exchange Commission.  If a change occurs, these forward-looking statements may vary materially from those expressed in this release. All forward-looking statements speak only as of the date on which they are made. Except as required by law, we are not obligated to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For Further InformationAT THE COMPANYKristine R. Nario Chief Financial Officer Phone: 646-216-2363 Email: knario@nymtrust.com

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