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Residential REITs

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Sun Communities provides update on impact from Hurricane Irma

Monday, 9 Oct 2017

Oct 9 (Reuters) - Sun Communities Inc :Sun Communities Inc provides update on impact from Hurricane Irma.Anticipates that total damage losses at communities will be recoverable by insurance coverage​.Does not anticipate an adjustment to annual funds from operations guidance due to storm impact, affirms previously disclosed guidance​.Company anticipates a full redevelopment of three communities will be required​.Preliminary estimates of recoverable damages, business interruption revenue being developed, anticipates receiving recoveries in 2018​.In Florida Keys, three of company's seven communities, comprised of approximately 190 sites, suffered significant damage​.

CAPREIT CEO Thomas Schwartz says diagnosed with prostate cancer

Wednesday, 26 Apr 2017

April 25 (Reuters) - CAPREIT :CAPREIT president and Chief Executive Officer Thomas Schwartz informs employees and unitholders of health condition.CAPREIT - in a letter to employees, Chief Executive Officer Thomas Schwartz, advised that he has been recently diagnosed with prostate cancer.Schwartz will be taking some time to focus on his health and treatment over next few months.Schwartz intends to remain very engaged with CAPREIT's business as president and chief executive officer, during this period.

Two Harbors says to discontinue mortgage loan conduit and securitization biz

Thursday, 28 Jul 2016

Two Harbors Investment Corp : Two harbors investment corp. Announces plan to discontinue mortgage loan conduit and securitization business . Company expects to incur one-time charges of approximately $3 million in second half of 2016 in connection with closure . Wind down process is expected to be substantially completed by end of 2016 . Decision to discontinue made due to challenging market environment, combined with intent to reduce operating complexity,costs .Expects cessation of conduit,securitization activities to reduce ongoing operating expenses by about $10-$11 million on annual basis.

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