February 6, 2021 | In IGY Marinas
Founded by Andrew Farkas and headquartered in Fort Lauderdale, Island Global Yachting (IGY) is the largest international superyacht destination company in the world. The company focuses on acquiring, controlling and/or servicing luxury marinas and surrounding real estate properties to maintain world-class lifestyle destinations. IGY’s yacht club in St. Maarten, known as Ise de Sol, was awarded the […]
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October 31, 2020 | In Exantas Capital Corp
On October 30th 2019, Exantas Capital Corporation reported results for the three and nine months ended September 30, 2019. Some significant items that were highlighted are the Core Earnings were $0.31 per common share, they acquired $105.1 million and $739,1 million of new commercial real estate loans, and their economic book value is up $13.71 […]
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September 27, 2020 | In Exantas Capital Corp
On September 12, 2019, Exantas Capital announced that its Board of Directors has declared a cash dividend of $0.25 per common share. This is for the end of the quarter which ends on September 30. The Board also declared a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock for the July through October period. This […]
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June 15, 2020 | In Exantas Capital Corp
This month’s Exantas Capital Corp. Earnings Conference Call began with opening remarks from Andrew Farkas, Chairman of the Board. As disclosed in the most recent Exantas Capital Corp. earnings release, the company sold their entire CMBS portfolio, other than the B-Piece investment they held unlevered, which resulted in a $180.3 million loss on sale. Farkas is […]
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February 6, 2020 | In Exantas Capital Corp
Exantas Capital Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments. The Company is externally managed by an indirect wholly-owned subsidiary of C-III Capital Partners LLC, known as Exantas Capital Management Inc. Through the integration of […]
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July 3, 2019 | In C-III Capital Partners
New York-based C-III Capital Partners and Chicago-based Vanderbilt Office properties teamed up in purchasing the Northbridge Tower, located in West Palm Beach, Florida for $98 million. The Northbridge tower, referred to by locals as the “Darth Vader” tower due to its dark windows, is a 294,000-square-foot building full of Class A office space that is currently […]
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June 26, 2019 | In
On June 26th, Resource Apartment REIT III, Inc., sponsored by Resource Real Estate, LLC (“Resource”), purchased The Summit, a high-rise apartment community located just outside of the nation’s capital in Alexandria, Virginia. The Summit is located in an area that will see immense growth in the near future due to Amazon’s HQ2 headquarters situated a 15-minute […]
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May 30, 2019 | In Exantas Capital Corp
Exantas Capital Corp., a real-estate investment trust, recently acquired a portfolio of floating-rate commercial real estate mortgage loans worth $196.8 million from an affiliate of the company’s external manager, C-III Capital Partners LLC. With this acquisition, Exantas Capital Corp. can continue investing and originating in commercial real estate debt to meet their goal of full […]
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March 8, 2019 | In Exantas Capital Corp
Exantas Capital Corporation (NYSE: XAN) recently reported their results for the three months and year ended December 31, 2018. Exantas Capital is an indirect wholly-owned subsidiary of C-III Capital Partners LLC, which was founded by Mr. Andrew L. Farkas. C-III and its subsidiaries work in commercial real estate investment management, and Exantas specifically specializes in originating, […]
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