Property Transactions, Joint Ventures, Earnings Schedules and Corporate Announcements - Research Report on RLJ Lodging, Howard Hughes, Capstead Mortgage, Apollo Residential, and Brandywine Realty
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NEW YORK, October 22, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting RLJ Lodging Trust (NYSE: RLJ), The Howard Hughes Corporation (NYSE: HHC), Capstead Mortgage Corp. (NYSE: CMO), Apollo Residential Mortgage, Inc. (NYSE: AMTG), and Brandywine Realty Trust (NYSE: BDN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
RLJ Lodging Trust Research Report
On October 9, 2013, RLJ Lodging Trust announced that it has acquired the 106-room SpringHill Suites Portland Hillsboro for $24.0 million or approximately $226,000 per key. According to the Company, the purchase represents a forward capitalization rate of approximately 10.0% on the SpringHill Suites' projected 2014 net operating income. Commenting on the acquisition, Thomas J. Baltimore, Jr. President and CEO of the Company stated, "We continue to expand our presence on the West Coast with a great addition to our portfolio. This acquisition is immediately accretive to our portfolio and exemplifies our strategy of investing in premium-branded assets in premier markets." The Full Research Report on RLJ Lodging Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c964_RLJ]
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The Howard Hughes Corporation Research Report
On October 17, 2013, The Howard Hughes Corporation (Howard Hughes) announced that it has officially commenced the redevelopment of the South Street Seaport with a groundbreaking ceremony for the Pier 17 building. According to the Company, its CEO David R. Weinreb, President Grant Herlitz, and Senior Executive Vice President of Development Chris Curry, were joined by elected officials and community leaders, including Mayor Michael Bloomberg, Council Member Margaret Chin, Community Board 1 Chair Catherine McVay Hughes and Department of Cultural Affairs Commissioner Kate Levin for the ceremony overlooking the East River and Brooklyn Bridge. Commenting on the project, David R. Weinreb, CEO of Howard Hughes said, "The Seaport will not only be a place of historical significance but serve as a link between a storied legacy and the future New York experience that will engage both local residents and tourists from around the world, continually drawing them to return again and again." The Full Research Report on The Howard Hughes Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3f19_HHC]
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Capstead Mortgage Corp. Research Report
On October 11, 2013, Capstead Mortgage Corp. (Capstead Mortgage) announced that it will release its Q3 2013 financial results on October 23, 2013, after the NYSE trading closes. Additionally, the Company stated that it will host a conference call and live audio webcast to discuss the results on the following day, October 24, 2013, at 9:00 a.m. ET. The Full Research Report on Capstead Mortgage Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/bc81_CMO]
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Apollo Residential Mortgage, Inc. Research Report
On October 15, 2013, Apollo Residential Mortgage, Inc. (Apollo Residential Mortgage) announced that the Company will hold a conference call to review its Q3 2013 financial results on November 7, 2013, at 9:00 a.m. ET. According to the Company, its Q3 2013 financial results will be released the preceding day, November 6, 2013, after the market closes. Additionally, Apollo Residential Mortgage stated that during the conference call, officers from the Company will review the Q3 2013 performance and discuss recent events along with a question and answer session. The Full Research Report on Apollo Residential Mortgage, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6ef7_AMTG]
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Brandywine Realty Trust Research Report
On October 14, 2013, Brandywine Realty Trust announced that the Company and APA, IV, an affiliate of The Shooshan Company, have formed a joint venture to build a 426,000 square foot office building in Arlington's Ballston submarket. According to the Company, the project known as 4040 Wilson Boulevard is the final phase in the eight-building, mixed-use, Liberty Center complex. Commenting on the new partnership, Gerard H. Sweeney, President and CEO of Brandywine Realty Trust stated, "The Shooshan Company is an exceptional, well-regarded real estate owner/developer in the Ballston submarket with an outstanding reputation and market leading presence. Our participation in this exciting development provides an investment in a newly created high-quality, efficient building that should deliver returns in excess of current acquisition yields and an investment basis at replacement cost in a highly desirable submarket where comparable sales have been at a premium to construction costs. We look forward to working with The Shooshan Company to complete the last phase of this highly successful 2.25 million square foot metro-served mixed-use development." The Full Research Report on Brandywine Realty Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e62c_BDN]
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