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Capstead Mortgage Corporation (CMO: 13.9592 -0.93%) implemented the financial accounting software suite of TPG Software, the two companies announced. Capstead is a Dallas-based real estate investment trust (REIT) that manages a portfolio of adjustable-rate and agency-guaranteed residential mortgage pass-through securitizations. TPG is a Houston-based financial accounting software developer. “We are very pleased to add Capstead to our [...]

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Post Properties, Inc. ( PPS ), a real estate investment trust (REIT), has recently sold over 4 million common shares at $17.75 each. Although the equity financing provided the much-needed cash to repay some of its outstanding debt, the move could potentially dilute earnings. Post Properties expects to raise net proceeds of $68 million, after deducting the underwriting discount and other expenses associated with the public offering. The company intends to utilize the cash to repay mortgage de

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News Sources wrote an interesting post today on
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Luxury apartment real estate investment trust (REIT) Post Properties, Inc. ( PPS ) said Thursday that it has priced a public offering of 3.5 million additional shares at $17.75 per share. It had originally announced on Wednesday that the offering would be for 3 million shares, but boosted that number to 3.5 million on Thursday. The $17.75 per-share offering price represents a nearly 8% discount to the stock’s Wednesday closing price of $19.28. Post, which is based in Atlanta, sai

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Canadian hotel real estate investment trust (REIT) InnVest announced it refinanced a $177m mortgage backed by 40 hotel properties. The refinanced loan has a three-year term and an interest rate of 7.5% and is expected to close in 30 days. The original loan was set to mature in July 2010. “We are pleased to have achieved this [...]

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NHP to Present at the BMO Capital Markets 2009 North American Real …ReutersNationwide Health Properties, Inc. is a real estate investment trust (REIT) that invests primarily in healthcare real estate in the United States. …and more »

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