yenoms

Wow, just so impressed with this interview. Mr. Smith created enormous value for his shareholders with the stroke of a pen - a model for the industry on governance. Terry Smith: we've listened to the activist and Smithson Investment Trus... youtu.be/huJq5tL8gfA?si=9pzs… via @YouTube

VineBrook Homes Trust, the nontraded single-family rental home REIT, disclosed that it has $650.8M of debt maturing within a year, and it doesn’t have liquidity to satisfy those obligations. VineBrook owned about 20,500 single-family rental homes in 21 states as of Sept. 30. VineBrook plans over the next year to sell about 2,700 homes in its main portfolio for roughly $348M and sell 1,050 homes in its NextPoint Homes portfolio for about $284M. The REIT sold more than 2,300 homes between its two portfolios during the first nine months of this year, generating about $351M. @m3_melody #CommercialRealEstate bisnow.com/news/national/sin…

BDCs $ICMB and $BCIC reached a definitive merger agreement whereby ICMB will merge with BCIC. ICMB shareholders will have to approve the transaction. Both BDCs have been poor performers and there is a history of poor performers being absorbed into larger BDCs. ICMB was up 50% after hours. ICMB shareholders will receive consideration equal to 90% of its NAV at closing. That is an amazing deal for ICMB shareholders.