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The Home Depot Announces $150 Million Venture Capital Fund to Fuel Innovation in Retail and Home Improvement
ATLANTA, Might 3, 2022 /PRNewswire/ — The Home Depot® today declared House Depot Ventures, a enterprise money fund created to identify, fund and spouse with early-phase businesses to speed up rising technologies that intention to increase the customer encounter and shape the potential of house enhancement. The $150 million fund aims to make investments in firms that progress The Residence Depot’s capability to give a seamless interconnected searching expertise, produce new and differentiated capabilities, and lengthen its low-expense service provider posture to: Far better Serve Buyers: Simplify how individuals devote in their properties all over the significant milestones of dwelling ownership, together with preliminary acquire and transfer-in, ongoing servicing and repairs,…
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Alpine Income Property Trust Announces Sale of Single
Winter PARK, Fla., April 14, 2022 (Globe NEWSWIRE) — Alpine Cash flow Home Belief, Inc. (NYSE: PINE) (the “Company”) now introduced the disposition of its one tenant office environment property located in Hillsboro, Oregon and net leased to Wells Fargo (the “Property”). The Home has 3.7 years of remaining lease expression and was marketed for $38.8 million, producing a achieve on sale of $7. million. The Business used the proceeds from the sale of the House as part of like-variety reverse 1031 exchanges. The Company’s exit of its business office home segment has generated put together gains on sale of $16.1 million. “The sale of our sole remaining business office…
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CTO Realty Growth Announces $30.0 Million Preferred Investment in Watters Creek at Montgomery Farm in the Allen Submarket of Dallas, TX
CTO Realty Progress, Inc. Wintertime PARK, Fla., April 11, 2022 (World NEWSWIRE) — CTO Realty Development, Inc. (NYSE: CTO) (the “Company” or “CTO”) right now announced it has entered into a most popular equity arrangement to present $30. million of funding towards the acquisition of the Watters Creek at Montgomery Farm grocery-anchored, mixed-use residence in Allen, Texas (the “Preferred Investment”). Watters Creek at Montgomery Farm is around 458,000 square toes of grocery-anchored retail and business, anchored by Market Avenue, Anthropologie, Mi Cocina, DSW, The Cheesecake Manufacturing facility, Brio Italian Grille, and Michaels, and consists of a selection of nationwide and regional stores and dining places (the “Watters Creek Property” or…
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Better House Buyers Announces Their 100th Investment
Atlanta, GA, Feb. 13, 2022 (World NEWSWIRE) — Far better Household Consumers has been in organization for over 7 years and has had great results with their business enterprise model of getting, rehabbing, and leasing out homes. Better Property Customers is ready to get run-down or neglected residence quite cheaply which they are then in a position to take care of up for bigger than ordinary rents. “We glance for folks who need to have a supporting hand” explained Ken Reed, President of Greater Dwelling Consumers. Better Dwelling Purchasers, a Smyrna Georgia centered company, has just introduced that they have acquired their 100th expense home. The company is thrilled to…
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Gov. Whitmer Announces New Housing Development, Economic Investments for Three Detroit Neighborhoods
Gov. Whitmer Announces New Housing Development, Economic Investments for Three Detroit Neighborhoods FOR IMMEDIATE RELEASE February 2, 2022 Contact: Kathleen Achtenberg, [email protected] Gov. Whitmer Announces New Housing Development, Economic Investments for Three Detroit Neighborhoods LANSING, Mich. – Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) today to announce that the state will be supporting revitalization projects to bring new housing, economic growth and vibrancy to three neighborhoods in Detroit. The projects are expected to generate a total capital investment of $33 million. “These revitalization projects demonstrate our ongoing efforts to meet the housing needs of Michiganders and build a foundation for long-term economic opportunity in Michigan,” said Governor Whitmer. “Today’s investment is helping us put Michiganders first, creating good-paying jobs, and reinforcing Detroit neighborhoods as attractive places to live, work, and play by transforming underutilized properties into productive spaces.” The Brush 8 Townhomes project will include the construction…
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Alpine Income Property Trust Provides Portfolio Update and Announces Record 2021 Transaction Activity
Winter PARK, Fla., Jan. 05, 2022 (World NEWSWIRE) — Alpine Income Residence Have faith in, Inc. (NYSE: PINE) (the “Company”) now furnished a portfolio update and announced its record 2021 acquisition and disposition things to do. 2021 Acquisition Highlights All through the yr ended December 31, 2021, the Corporation obtained 68 web lease retail attributes for a full acquisition quantity of $260.3 million, symbolizing a weighted-regular heading-in cash cap fee of 6.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. Acquisitions concluded for the duration of the calendar year experienced a weighted-ordinary remaining lease phrase of 8.2 decades and roughly 37{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized base rents are from a tenant or the guardian of a tenant with an investment…
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