Aimco Announces $726 Million Joint Venture 
DENVER, CO (REIT Media) Dec. 21, 2007 - Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that it has entered into a joint venture agreement (the "Venture") with a fund managed by J.P. Morgan Asset Management Inc. ("J.P. Morgan") which provides for the co-ownership of three multi-family properties with 1,382 units located in West Los Angeles. Under the agreement, Aimco contributed its wholly-owned properties The Palazzo at Park La Brea, The Palazzo East at Park La Brea and The Villas at Park La Brea to the Venture at a value of $726 million, or approximately $525,000 per unit. Aimco Announces 2007 Special Dividend
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Dec.21.2007. 19:24
Aimco Announces 2007 Special Dividend
DENVER, CO (REIT Media) Dec. 21, 2007 - Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that its Board of Directors has declared a special dividend payable to holders of its outstanding shares of Class A Common Stock of $2.51 per share, or approximately $232 million in the aggregate. The dividend will be payable not later than January 31, 2008, to stockholders of record at the close of business on December 31, 2007.Post Properties Begins New Suburban Washington, D.C. Community
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Post Properties Begins New Suburban Washington, D.C. Community
ATLANTA, GA (REIT Media) December 20, 2007 - Post Properties, Inc. (NYSE: PPS) today announced the start of construction of Post Park®, a new luxury residential community in the Washington, D.C. suburb of Hyattsville, Prince George’s County, Md.Post Properties Sells Two Atlanta Apartment Communities; Contributes Third Atlanta Apartment Community to an Existing Joint Venture
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Post Properties Sells Two Atlanta Apartment Communities; Contributes Third Atlanta Apartment Community to an Existing Joint Venture
ATLANTA, GA (REIT Media) December 20, 2007 - Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, announced today the closing of the sale of its Post Ashford® and Post Vinings® apartment communities located in Atlanta, Georgia. Post sold the communities as part of a Section 1031 transaction through an exchange intermediary. Financial terms and the buyer were not disclosed. Post Ashford® and Post Vinings® are garden-style communities with a total of 625 apartment units. The properties were completed from 1987 to 1991.BRE Properties Issues Initial 2008 Earnings Estimates
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Continue reading Comments (0) Dec.20.2007. 17:34
BRE Properties Issues Initial 2008 Earnings Estimates
SAN FRANCISCO, CA (REIT Media) Dec. 19, 2007 - BRE PROPERTIES, INC. (NYSE: BRE) today announced its initial earnings estimates for 2008. All references to earnings per share (EPS) and funds from operations (FFO) per share, the generally accepted measure of performance for the REIT industry, reflect fully diluted amounts.Colonial Properties Trust Announces Date of Fourth Quarter 2007 Conference Call
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Continue reading Comments (0) Dec.19.2007. 16:45
Colonial Properties Trust Announces Date of Fourth Quarter 2007 Conference Call
BIRMINGHAM, AL (REIT Media) December 19. 2007 - Colonial Properties Trust (NYSE:CLP) today announced plans to issue its fourth quarter 2007 earnings before the market opens on Tuesday, February 5, 2008, and will host a teleconference the same day at 1:00 p.m. CT. Colonial Properties Trust executives will lead the call and answer questions.AvalonBay Communities Declares Fourth Quarter 2007 Dividends
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Continue reading Comments (0) Dec.19.2007. 11:48
AvalonBay Communities Declares Fourth Quarter 2007 Dividends
ALEXANDRIA, VA (REIT Media) December 14, 2007 - AvalonBay Communities, Inc. (NYSE:AVB) announced today that its Board of Directors declared a dividend on the Company's Common Stock (par value $0.01 per share) for the fourth quarter of 2007. The Common Stock dividend is $0.85 per share and is payable January 15, 2008 to all Common Stockholders of Record as of December 31, 2007.
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