AG Mortgage Investment Trust Inc. (NYSE: MITT) has made an unsolicited offer to acquire Western Asset Mortgage Capital Corp. (NYSE: WMC), which is already in merger talks with another real estate investment trust. In a letter to the Western Asset board of directors,...
Nationwide Property & Appraisal Services (NPAS) has acquired Houston-based Integrity Appraisal Management. The financial terms of the transaction were not disclosed. Integrity President Shawn Thompson and his employees will remain in their positions as the...
Arlington, Texas-based builder D.R. Horton Inc. has acquired Truland Homes, a privately owned homebuilder focused along the Florida and Alabama Gulf Coast markets, for approximately $100 million in cash. The acquired homebuilding assets of Truland Homes include...
Ellington Financial Inc. (NYSE: EFC), an Old Greenwich, Connecticut-based real estate investment trust (REIT) focused on both residential and commercial mortgage loans, is acquiring Great Ajax Corp. (NYSE: AJX), a New York City-based REIT that invests primarily in...
Prologis Inc. (NYSE: PLD) is paying $3.1 billion to acquire nearly 14 million square feet of industrial properties from real estate funds affiliated with Blackstone (NYSE:BX). The price on the all-cash transaction represents an approximately 4% cap rate in the first...
DRB Group to Launch Two Mortgage Joint Ventures in 2027
