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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Primary Residential Mortgage, Inc. and Feeding America(R) Partner to Provide 1.65 Million Meals Nationwide

September 14, 2016 0

SALT LAKE CITY, Sept. 14, 2016 (GLOBE NEWSWIRE) — Primary Residential Mortgage, Inc. (PRMI) announced today its first partnership with Feeding America and its nationwide network of food banks in an eight-week fundraising campaign. PRMI’s goal is to raise $150,000 to help provide 1.65 million meals to food-insecure individuals and families across America.

A 2014 study concluded that 48 million Americans struggle with hunger annually, including 15 million children and 5.7 million seniors. Feeding America, the nation’s largest hunger-relief organization, is able to provide 11 meals per dollar donated to people in need.

“Hunger in America is a significant issue that affects far too many and because of this, we wanted to take action and create change,” said David Zitting, President and CEO of PRMI. “At PRMI, we strive to make a positive impact in our local communities through the home buying process and look to do the same as we help put up a strong fight against hunger.”

PRMI kicked off the Give A Meal Team Challenge at its 7th Annual National Conference in Hilton Head, S.C., which falls during Feeding America’s Hunger Action Month™ . PRMI employees across the country will team up in a competition to raise funds with each donation helping the community from which it is made.

“We are honored to be working with Primary Residential Mortgage, Inc. to raise more meals for people and families facing hunger,” said Nancy Curby, Interim Senior Vice President of Development for Feeding America. “Food insecurity exists in nearly every community across the United States, and with help from partners like PRMI, we can ensure that more families have the meals they need.”

To help PRMI reach its goal of providing 1.65 million meals nationwide, please visit www.feedingamerica.org/prmi to donate.

About PRMI:

Headquartered in Salt Lake City, Utah, Primary Residential Mortgage, Inc. (PRMI) was founded in 1998 by Dave Zitting, Jeff Zitting and Steve Chapman. PRMI has grown to include Tom George, COO, and Burton Embry, CCO in its executive team and evolved into a nationwide, multi-billion dollar operation with over 1,800 employees and nearly 250 branches. The company is licensed in 49 states and serves all segments of the market. PRMI is a privately held company that focuses primarily on traditional residential loan products. For information on PRMI, please visit www.primaryresidentialmortgage.com or follow them on Facebook, Twitter and Instagram.

About Feeding America®

Feeding America® is the nationwide network of 200 food banks that leads the fight against hunger in the United States. Together, we provide food to more than 46 million people through 60,000 food pantries and meal programs in communities across America. Feeding America also supports programs that improve food security among the people we serve; educates the public about the problem of hunger; and advocates for legislation that protects people from going hungry. Individuals, charities, businesses and government all have a role in ending hunger. Donate. Volunteer. Advocate. Educate. Together we can solve hunger. Visit www.feedingamerica.org, find us on Facebook or follow us on Twitter.

A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=41391

Kandice Davis800.255.2792-ext. 1000490

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RealManage Names Joseph Hansen Vice President of Central Florida

September 13, 2016 0

TAMPA BAY, Fla., Sept. 13, 2016 (GLOBE NEWSWIRE) — RealManage announced today that Joseph W. Hansen has been named the Vice President for Central Florida.

Mr. Hansen is a distinguished military veteran and leader with over ten years of experience in building and leading teams. Before joining RealManage, Joe served as an officer in the United States Army where he was an accomplished Special Forces Officer. During his service, Mr. Hansen deployed and conducted operations in support of Operation IRAQI FREEDOM, Operation ENDURING FREEDOM, and European contingency operations. In his last position in the Army, Mr. Hansen was instrumental in coordinating all special operations in Eastern Europe and was a finalist for the prestigious General Wayne A. Downing Counter Terrorism Scholarship. Mr. Hansen earned an undergraduate degree in criminal justice from the University of North Georgia.

“Joe is the elite of the elite. He will undoubtedly lead RealManage Central Florida with integrity and passion to achieve first class results,” states Chris Ayoub, President.

About RealManage:

RealManage is a property management company that specializes in all aspects of HOA management and condominium management, operating in California, Colorado, Florida, Georgia, Illinois, Nevada, North Carolina, Texas and Washington State. For more information or to request a quote, visit www.realmanage.com or call us toll-free at (866) 403-1588.

Stay Connected:

http://www.Facebook.com/realmanage

http://www.twitter.com/realmanage/

http://www.LinkedIn.com/company/realmanage

https://plus.google.com/113071994117509143236

Amanda Causey(866) 403-1588

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