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Stock Market & Financial Investment News

News Breaks
July 14, 2014
17:15 EDTRAS, IRTIndependence Realty Trust says RAIT may buy up to $5M in shares
Earlier, Independence Realty Trust (IRT) announced that it has commenced an underwritten public offering of 6M shares of common stock. The company expects to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock. Independence Realty Trust noted that, "RAIT Financial Trust (IRT) may purchase up to $5M in shares of common stock in the proposed offering at the public offering price; however, RAIT is under no obligation to purchase any shares in the offering." Shares of RAIT Financial Trust are lower by 1.1% in after hours trading.
News For RAS;IRT From The Last 14 Days
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September 18, 2014
16:22 EDTRASRAIT Financial acquires retail centers for $50.8M
RAIT Financial Trust announced RAITís recent acquisition of two retail centers for a purchase price of $50.8M, substantially below their replacement value. RAIT funded these purchases with $15.8M of available cash and $35M of property level debt. The acquisitions were sourced through Urban Retail Properties, which became a wholly owned subsidiary of RAIT in March. Urban Retail managed these properties for the previous owners and will continue to manage them.
16:07 EDTIRTIndependence Realty Trust acquires Tennessee apartment community
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September 16, 2014
16:44 EDTRASRAIT Financial lowers FY14 CAD guidance to 71c-81c from 97c-$1.07
May not compare to consensus $1.05.
16:42 EDTRASRAIT Financial to settle with SEC
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