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NorthStar Realty Finance Announces First Closing of NorthStar Real Estate Securities Opportunity Fund

NEW YORK, NY (REIT Media) July 9, 2007 - NorthStar Realty Finance Corp. (NYSE:NRF) today announced that on July 5, 2007 it closed on $109.0 million of commitments for NorthStar Real Estate Securities Opportunity Fund, an investment vehicle in which NorthStar intends to prospectively conduct its real estate securities investment business.

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Continue reading Comments (0) Jul.09.2007. 07:30

Gramercy Capital Corp. Modifies and Improves $900 Million of Existing Repurchase Facilities

NEW YORK, NY (REIT Media) July 2, 2007 - Gramercy Capital Corp. (NYSE:GKK) announced today that it has executed agreements to modify its $500 million secured repurchase facility with Wachovia Securities LLC, and its $400 million secured repurchase facility with Goldman Sachs Mortgage Company.

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Continue reading Comments (0) Jul.02.2007. 09:44

Gramercy Capital Corp. Increases, Amends and Restates $175 Million Unsecured Line of Credit Facility

NEW YORK (REIT Media) July 2, 2007 - Gramercy Capital Corp. (NYSE:GKK) today announced that it closed an amendment and restatement of its existing unsecured credit facility arranged by KeyBanc Capital Markets, which increased the facility to $175 million from $100 million, reduced the interest rate to LIBOR plus 1.65% from LIBOR plus 2.10%, extended the maturity date to June 28, 2010, and eased certain financial and other restrictive covenants of the credit facility.

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Continue reading Comments (0) Jul.02.2007. 09:43

Gramercy Capital Corp. and SL Green Realty Corp. Announce Sale/Purchase of Interest in One Madison Avenue

NEW YORK, NY (REIT Media) July 2, 2007 - Gramercy Capital Corp. (NYSE:GKK) and SL Green Realty Corp. (NYSE:SLG) today announced that the companies have entered into an agreement for Gramercy to sell its 45% equity interest in the joint venture that owns One Madison Avenue in New York City to SL Green Realty Corp.

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Continue reading Comments (0) Jul.02.2007. 09:42

MFA Mortgage Investments, Inc. Announces Second Quarter 2007 Dividend of $0.09

NEW YORK, NY (REIT Media) July 2, 2007 - MFA Mortgage Investments, Inc. (NYSE:MFA) announced today that its Board of Directors declared a quarterly dividend of $0.09 per share of common stock for the second quarter of 2007.

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Continue reading Comments (0) Jul.02.2007. 08:36

RAIT Financial Trust Prices Offering of 8.875% Series C Cumulative Redeemable Preferred Shares

PHILADELPHIA, PA (REIT Media) June 28, 2007 - RAIT Financial Trust (NYSE:RAS) announced today that it has priced an offering to sell 1,600,000 shares of newly designated 8.875% Series C Cumulative Redeemable Preferred Shares for net proceeds before offering expenses of $38.7 million.

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Continue reading Comments (0) Jun.28.2007. 20:19

Origen Financial Announces Date for Second Quarter 2007 Financial Results and Conference Call

SOUTHFIELD, MI (REIT Media) June 28, 2007 - Origen Financial, Inc. (Nasdaq:ORGN), a real estate investment trust that originates and services manufactured home loans, today announced that it will release earnings for the second quarter 2007 on Monday, August 6, 2007, after the Nasdaq market closes.

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Continue reading Comments (0) Jun.28.2007. 12:13