StepStone Real Estate Announces Senior Management Team Realignment

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) — StepStone Real Estate (SRE) announced today that it has realigned its senior management team by appointing the following titles and responsibilities: Josh Cleveland, Partner, was named Head of EMEA; Kieran Farrelly, Partner, was named Head of Market Research; Brendan MacDonald, Partner, was named Chief Operating Officer; and John Waters, Partner, was named Head of Investments. Jeff Giller remains Head of StepStone Real Estate.

Jeff Giller said, “Giving our high quality senior management team members direct responsibility for regional and functional areas such as operations, investments and market research will ensure that as we grow, we will continue to maintain the high standards that SRE’s investors and clients deserve.”

As previously announced, SRE’s special situations secondaries fund closed in September 2020 with commitments exceeding the fund’s target by 40{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}, and SRE continues to expand its advisory service practice. In November, Margaret McKnight, formerly Chief Investment Officer and Head of the Americas for Carlyle’s Metropolitan Real Estate Investment Management division, joined SRE as Partner.

About StepStone and StepStone Real Estate

StepStone Group Inc. (Nasdaq:

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Berkshire Hathaway HomeServices Chicago Announces the Addition of Berkshire Hathaway HomeServices Biros Real Estate

The MarketWatch News Department was not involved in the creation of this content.


CHICAGO, Feb. 2, 2021 /PRNewswire via COMTEX/ —
CHICAGO, Feb. 2, 2021 /PRNewswire-PRWeb/ — Diane Glass, CEO of Chicago real estate brokerage Berkshire Hathaway HomeServices Chicago, is pleased to announce that Berkshire Hathaway HomeServices Biros Real Estate has joined the firm. Berkshire Hathaway HomeServices Biros Real Estate is the market leader in the Beverly, Morgan Park and Mt. Greenwood neighborhoods of Chicago, Illinois as well as the village of Evergreen Park, Illinois, where their office is located at 3580 W. 95th Street. In 2020, their closed sales volume exceeded $104 million. Founder Bill Biros joined Glass in making the announcement.

Glass said, “It’s really an honor to welcome Bill and his wonderful agents to our company. It’s always a joy to recognize excellence in real estate and the reputation that the Biros name carries throughout Chicago and the southwest suburbs is truly impressive and a great fit for us as we expand our services into important new communities.”

“It’s been a pleasure to get to know Bill and find that we are kindred spirits in how we value agents, their clients and our local communities,”

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RISMedia Announces 2021 Real Estate Newsmakers, Recognizing Headline-Making Achievements in 2020

The MarketWatch News Department was not involved in the creation of this content.

NORWALK, Conn., Feb 01, 2021 (GLOBE NEWSWIRE via COMTEX) —
NORWALK, Conn., Feb. 01, 2021 (GLOBE NEWSWIRE) — RISMedia, the leading information and news provider for the residential real estate industry, today announced its 2021 Real Estate Newsmakers. This year’s honorees are a dynamic group of individuals who, despite the onslaught of challenges they faced in 2020 due to the coronavirus health crisis, have made news for their positive contributions to the consumers and communities they serve.

RISMedia’s 2021 Real Estate Newsmakers include nearly 300 industry members, showcased in the February 2021 issue of RISMedia’s Real Estate magazine and in a directory on RISMedia.com, in the following categories: Achievers, Crusaders, Futurists, Influencers, Inspirations, Luminaries, Trailblazers and Trendsetters.

Additionally, within the 2021 Real Estate Newsmakers, RISMedia honored its third-annual Hall of Fame Newsmakers:

  • Sherry Chris, President & CEO, Realogy Expansion Brands
  • Allan Dalton, CEO & SVP, Real Living Real Estate and Berkshire Hathaway HomeServices
  • Joan Docktor, President, Berkshire Hathaway HomeServices Fox & Roach, REALTORS(R)
  • J. Lennox Scott, CEO, John L. Scott Real Estate
  • Vinnie Tracey, President, Realty ONE Group
  • Dan Forsman, President & CEO, Berkshire Hathaway HomeServices
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Alexandria Real Estate Equities, Inc. Announces Public Offering of Senior Notes

PASADENA, Calif., Feb. 3, 2021 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced that it is commencing an underwritten public offering, subject to market conditions, of two tranches of senior notes (the “notes”). Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC will act as joint book-running managers in connection with the public offering. The notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., an indirectly 100{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} owned subsidiary of the Company.

The Company expects the net proceeds from the first tranche in this offering will be used initially to repurchase or redeem any and all of the Company’s outstanding 4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} senior notes due 2024 (the “2024 notes”) pursuant to a tender offer announced separately today (the “tender offer”), by redemption or otherwise. The Company expects to use the remainder of these proceeds, if any, for general corporate purposes, which may include the reduction of the outstanding balance on the Company’s unsecured senior line of credit, if any, the reduction of the outstanding indebtedness under the Company’s commercial paper program, if any, the repayment of

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Alexandria Real Estate Equities, Inc. Announces Tender Offer for Any and All of Its Outstanding 4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Senior Notes Due 2024

PASADENA, Calif., Feb. 3, 2021 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced that it has commenced a cash tender offer for any and all of its outstanding 4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Senior Notes due 2024 (CUSIP No. 015271 AM1) (the “Notes”) on the terms of, and subject to the conditions set forth in, the Offer to Purchase, dated the date hereof (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). The Notes are fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P. As of February 2, 2021, there was $650,000,000 aggregate principal amount of the Notes outstanding. The tender offer is referred to herein as the “Offer.” The Offer to Purchase and the Notice of Guaranteed Delivery are referred to herein collectively as the “Offer Documents.”

Certain information regarding the Notes and the pricing for the Offer is set forth in the table below.



Title of Security

CUSIP
Number

Principal
Amount
Outstanding

U.S.
Treasury
Reference
Security

Bloomberg
Reference
Page

Fixed Spread

4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Senior
Notes due 2024

015271 AM1

$650,000,000

0.125{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} U.S.
Treasury Notes due
December 15, 2023

FIT5

20 bps

Holders

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Leading Online Interior Design Service, Havenly Announces the Addition of Tina Sharkey to Its Board of Directors

DENVER–(BUSINESS WIRE)–Feb 3, 2021–

Havenly, the popular online interior design service that makes decorating simple, convenient, and affordable, is pleased to announce that celebrated entrepreneur Tina Sharkey has joined the company’s board of directors. The announcement comes on the heels of a record setting year for the brand, which saw an increased demand for its services as the importance of the home was elevated and technology’s integral role in the future of interior design was emphasized. The addition of Tina Sharkey to Havenly’s board comes as the Denver-based technology company enters its next chapter, seeking to continue further democratizing interior design while simultaneously expanding its footprint in the home category.

“There has never been a more important time to help everybody transform their home into a space that they truly love,” notes Tina Sharkey. “I’ve always been passionate about design and self-expression, so I couldn’t be more thrilled to join the Board of Directors to support Lee and the rest of her leadership team as they execute and scale with speed and discipline to meet the fast-growing demand for their products and services. Havenly is building the next great home brand, curating a community of decor enthusiasts connecting them to

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Dune Real Estate Partners Announces Promotions

Press release content from Business Wire. The AP news staff was not involved in its creation.

NEW YORK–(BUSINESS WIRE)–Jan 29, 2021–

Dune Real Estate Partners LP (“Dune”), a leading New York-based real estate investment firm, today announced a series of five promotions across the organization:

  • Brad Caracausa was promoted to Managing Director in acquisitions and has joined the Investment Committee;
  • Chad Redding was promoted to Director in acquisitions;
  • Monica Scieszka was promoted to Vice President in acquisitions;
  • Paul McLaughlin was promoted to Manager – Portfolio Analytics in the finance and accounting group; and
  • Meher Desai was promoted to Fund Controller in the finance and accounting group.

“We are pleased to recognize the meaningful contributions to Dune’s growth and success that each of these team members has made,” said Cia Buckley Marakovits, President of Dune. “We congratulate them on their well-deserved promotions and are confident that they will continue to thrive in their new and expanded roles.”

Team Biographies

  • Brad Caracausa, Managing Director. Mr. Brad Caracausa is responsible for sourcing and evaluating new investment opportunities and executing value creation strategies and is a Member of the Investment Committee at Dune. Prior to joining Dune in 2018, Mr.
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Wheeler Real Estate Investment Trust, Inc. Announces Extension of Modified Dutch Auction Tender Offer

Press release content from News Direct Corporation. The AP news staff was not involved in its creation.

–News Direct–

Wheeler Real Estate Investment Trust, Inc. (the “Company” or “Wheeler”) (NASDAQ: WHLR) announced today it is extending its previously announced “Modified Dutch Auction” tender offer for its outstanding Series D Cumulative Convertible Preferred Stock (“Series D Shares”) to 11:59 P.M., Eastern Standard Time, on Tuesday, February 16, 2021 and is increasing the value of Series D Shares purchased from $19 million to $20 million.

Except as set forth herein, the complete terms and conditions of the tender offer remain the same as set forth in the Offer to Purchase dated December 23, 2020, and the related Letter of Transmittal.

As of 11:59 pm on January 25, 2021, the original expiration date for the tender offer, 1,522,755 Series D Shares had been validly tendered.

The Information Agent for the tender offer is Equiniti (US) Services LLC, and the Depositary is Computershare Trust Company, N.A.

Copies of the Offer to Purchase and the related Letter of Transmittal have previously been mailed to holders of the Company’s Series D Shares. Additional copies of the Offer to Purchase, the related Letter

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KKR Real Estate Finance Trust Inc. Announces Adoption of Distributable Earnings Performance Metric

Press release content from Business Wire. The AP news staff was not involved in its creation.

NEW YORK–(BUSINESS WIRE)–Jan 25, 2021–

KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE:KREF) today announced that, based on recent guidance from the Securities and Exchange Commission, commencing with its fourth quarter 2020 earnings release and Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and for subsequent reporting periods, the Company has elected to present Distributable Earnings, a measure that is not prepared in accordance with GAAP, as a supplement to KREF’s GAAP net income reporting. The Company believes this metric will be a useful indicator for investors in evaluating the Company’s operating performance and its ability to pay dividends. Distributable Earnings will replace the Company’s prior presentation of Core Earnings, and Core Earnings presentations from prior reporting periods will be recast as Distributable Earnings and will be accompanied by relevant disclosures, including the Company’s policy of realizing loan losses through Distributable Earnings.

The Company defines Distributable Earnings as net income (loss) attributable to its stockholders or, without duplication, owners of its subsidiaries, computed in accordance with GAAP, including realized losses not otherwise

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Douglas Paul Real Estate Announces New Office in Harvard Square, Cambridge MA

CAMBRIDGE, Mass., Jan. 26, 2021 /PRNewswire/ — Answering demand for a larger, flexible and more strategic workspace, Douglas Paul Real Estate has officially relocated their real estate agency to Cambridge, MA as of January 15, 2021.  Previously located in nearby Allston, they are now positioned in the heart of Harvard Square at 1210 Massachusetts Ave., Cambridge, MA 02138.

“We’re excited to have a highly collaborative working environment for our agents, as well as a more comfortable customer experience.  The location is outstanding, we couldn’t have asked for a better upgrade,” says Josue Vargas, Principal Broker at Douglas Paul Real Estate.

The new office is primely situated across the street from The Adams House and walking distance to Harvard Yard, one of the last businesses on Massachusetts Ave before hitting Harvard’s campus going northbound.  The Cambridge location is ideally suited for Douglas Paul considering the thousands of rental and sales listings the agency offers in Cambridge via the Boston Pads Database.  The new state of the art office provide the perfect point of access for agents to service their already substantial Cambridge clientele.

“Cambridgepads.com along with Bostonpads.com has been servicing a tremendous base of great landlords

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