Sentences with phrase «property trust»
A property trust is a legal arrangement where ownership of a property is held by one party (the trustee) for the benefit of another party (the beneficiary). The trustee manages the property and ensures that it is used or distributed according to the wishes or requirements of the benefactor. Full definition
With that said a homeowner can absolutely placed their personal residence inside of a personal property trust for probate protection.
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In fact, you do not need a personal property trust, this is optional and for the benefit of investors.
But the value of the properties underlying those REITs — particularly the commercial property trusts — proved to be much more stable.
I use land trusts to hold real estate and personal property trusts to hold things like checking accounts, stocks, cars, furniture, horses, even my underwear!
REITs in the residential sector include Essex Property Trust Inc. (NYSE: ESS) and National Retail Properties Inc. (NYSE: NNN).
Camden Property Trust sold Camden Providence Lakes, a 260 - home community in Brandon, Fla. for $ 33.0 million, though Camden continues to develop new properties, and acquired a 5.8 - acre parcel of land in Gaithersburg, Md., for $ 13.3 million for the future development of about 365 apartment homes.
The latter component was While most lenders would be desitant to bestow a large amount of funds to a property still under construction, HFF was able to obtain a five - year, floating - rate loan from Starwood Property Trust for $ 339 million.
Roseland, N.J. — Locally based Chelsea Property Group Inc. recently acquired 31 retail properties from Cary, N.C. - based Konover Property Trust Inc. for $ 180 million...
Spear Street Capital purchased the asset in spring 2016 from Gramercy Property Trust in a $ 299 million transaction that also involved the 409,272 - square - foot 70 Hudson building.
Australian limited property trust Centro Properties Group, the fifth largest owner of retail real estate in the U.S., may not survive the crisis as it continues to struggle to find ways to refinance or pay down its debt.
With a Feb. 15 deadline to pay off or refinance $ 3.5 billion in short - term debt exactly one month away, embroiled Australian listed property trust Centro Properties Group made a sudden change at the top.
Prior to joining the firm, Jerry served as VP of Asset Management for Columbia Property Trust in Atlanta.
Multifamily REITs such as AvalonBay Communities Inc. (NYSE: AVB), Equity Residential (NYSE: EQR), Essex Property Trust Inc. (NYSE: ESS) and UDR Inc. (NYSE: UDR) own apartment buildings in the neighborhood.
Seafirst Bank and Washington Mutual Bank, both based in Seattle, and Washington, D.C. - based Multi-Employer Property Trust provided $ 127 million to Seattle - based Pine Street Development L.L.C. for the construction of Pacific Place in downtown Seattle.
Behind them are 27 limited property trusts in Australia.
Cole Credit Property Trust III Inc. filed an investor presentation with the SEC on March 25 to present reasons why its previously announced acquisition of Cole Holdings Corp. is in the best interest of the company and its shareholders.
Kiwi Income Property Trust on the circa $ 100m sale of its office complex at 205 Queen St, Auckland, to Brisbane - based Bloomberg Incorporation Limited and,
In contrast, non-financial corporates, led by property trust and infrastructure companies, issued a record $ 10 billion of bonds.
CenterAmerica Property Trust out of Houston develops grocery - anchored neighborhood shopping centers.
A year after acquiring a nearly $ 1 billion portfolio of suburban office properties, Horsham, PA - based Workspace Property Trust on Monday filed to raise up to $ 100 million through an initial public offering.
Most notably, RNY Property Trust's (RNY) net tangible assets (NTA) deteriorated over the year as its manager, New York based RXR Realty, announced it was liquidating the Trust's portfolio of office buildings (see below).
As a result of those concerns, in addition to the overall market anxiety in the wake of the unraveling of Australian listed property trust Centro Properties Group, the company has seen its market value dwindle in concert with the rest of the retail REIT sector.
American Realty Capital Properties Inc. yesterday sent a letter to the board of directors of Cole Credit Property Trust III Inc. (CCPT III) offering to acquire 100 percent of the outstanding common stock of CCPT III for at least $ 12 per share...
Cary, N.C. - based Konover Property Trust sold two of its properties in the fourth quarter to two separate private owners for a total of $ 5.4 million.
FACED with increasing property management fees and wielding a thirst for more core business control, many of WA's listed retail property trusts are moving away from managing agents to in - house shopping centre management.
Listed property trust Aspen Group Ltd has bought the Dunsborough Lakes residential development from Ric Stowe's Griffin Group for $ 93.5 million.
Commonly referred to as property trusts or real estate investment trusts (REITs), property schemes listed on a public market, such as the Australian Securities Exchange (ASX), are:
He formally served as the Chair of the Mortgage Lending Committee of the American Bar Association Section of Real Property Trust & Estate Law.
Zell - controlled trust absorbs big rival: Equity Residential Properties Trust said it will buy Wellsford Residential Property Trust for $ 996 million in stock and debt.
In addition, the bidding may get even more complicated with news that Australian limited property trust Westfield Group, like Simon, has signed a non-disclosure agreement with General Growth Properties and could be prepping its own bid.
In March 2016, William Lenehan, president and CEO of Four Corners Property Trust, joined Macy's board of directors.
«So let's see now: how will a rural property trust go with low yields, subject to weather, labour, world commodity prices and all the other difficulties of making money on the land?
Regardless of how you invest, Essex Property Trust pays all per share fees.
Formed in 1893, The Boston Personal Property Trust became America's first closed - end fund.
The QTIP trust (Qualified Terminal Interest Property trust) is designed to allow a decedent «control beyond the grave» of their assets without surrendering control of those assets to their surviving spouse - and at the same time allowing for the estate to take advantage of the marital deduction for the assets used to fund the QTIP.
Does anyone actually think that it was counsel that contrived the doctrine of promissory estoppel and then offered it up to Denning J. in the High Trees Central London Property Trust Ltd v. High Trees House Ltd [1947] K.B. 130; [1956] 1 All E.R. 256 (Note); 62 T.L.R. 557; [1947] L.J.R. 77; 175 L.T. 333 case.
Commercial real estate giant Liberty Property Trust recently broke ground on a transformative project to revitalize 19 - acres of formerly industrial waterfront in Camden, N.J. Opportunities for urban redevelopment on this scale are exceedingly rare.
Any other trust not falling within an IPDI, BMT, 18 — 25 trust or bare trust will be a relevant property trust.
Starwood Property Trust originated a $ 126 million first mortgage and mezzanine loan on behalf of Blackstone Real Estate Partners VII for 100 Montgomery, a 20 - story, 420,000 - sq.
For example, in the multifamily sector, top REITs like Camden Property Trust continue to sell large portfolios of properties and trophy assets in primary markets.
New York - based Gramercy Property Trust purchased the property for $ 10.1 million.
Continuing a trend started by Macerich Co. and General Growth Properties several months ago, Developers Diversified Realty and Glimcher Property Trust just announced they will be swapping assets they feel are better...
Raleigh, N.C. — Konover Property Trust agreed to sell a portfolio of outlet centers to Roseland, N.J. - based Chelsea Property Group for a total purchase price of $ 180 million.
These extra documents may include an after closing agreement if the seller was remaining in the home for a bit after closing, personal property trust agreements, a promissory note or lien paperwork, power of attorney, and more.
Property trust company Col - onial First State Industrial (CIP) is recommended a buy by stockbroker JD Carmichael & Co due to a weaker price on the bourse.
Crown is also seeking to spin off some of its hotels into a new property trust, though the new hotel won't be included.
Essex Property Trust owns or has interest in nearly 250 properties in California and the Seattle area; the company has grown dividends since coming public in 1994.