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New tax rules are needed for donated real estateVancouver Sun… mortgage or selling the donated property. From the donor’s perspective, he or she could choose to donate only a portion of the real estate proceeds, …and more »

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E*Trade Financial Corp. ( ETFC ) today completed a previously announced at-the-market common stock offering worth $150 million. The company sold approximately 80.2 million shares at an average price of $1.87 per share. The offering resulted in proceeds of $147 million, net of commissions and offering expenses. In an at-the-market offering, a company sells shares at market prices over an extended course of time instead of selling all shares straight away at a fixed price. Sandler O’Neill &

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Real Estate Investment Trust UDR Inc. ( UDR ) recently obtained a $200 million secured credit facility originated by Red Mortgage Capital Inc., a premier Fannie Mae ( FNM ) lender. The credit facility is collateralized by five geographically diverse properties, permits collateral substitutions and is non-recourse in nature. UDR will use the proceeds to repay bulk of its secured debt, including certain yield maintenance fees due in 2010. Consequently, only $10 million of secured debt will be

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Companies are jumping back into mortgage securities, but they may regret their moves As the U.S. Treasury laid out plans to bolster the housing market last spring, Chimera Investment (CIM) jumped into action. The New York real estate investment trust raised $1.45 billion in two stock sales and used the proceeds to scoop up distressed mortgage-backed securities for as little as 50 cents on the dollar. Chimera figures it can earn double-digit returns on the bonds, even if many of the underlying

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BusinessWeek

How Real Is the Rally in Real Estate Bonds?BusinessWeekThe New York real estate investment trust raised $1.45 billion in two stock sales and used the proceeds to scoop up distressed mortgage-backed securities …Investing in Real Estate BusinessWeekall 3 news articles »

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