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Residential REITs

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Sun Communities provides update on impact from Hurricane Irma

Monday, 9 Oct 2017 04:04pm EDT

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​.

Pure Multi-Family REIT commences internalization of property management

Wednesday, 3 May 2017 08:00am EDT

May 3 (Reuters) - Pure Multi-family Reit Lp ::Pure Multi-Family REIT- commenced internalizing property management function under its new division, pure management.Pure Multi-Family REIT lp- intend to transition remaining properties over following quarters.Pure Multi-Family REIT lp- anticipate that entire portfolio will be fully internalized by year end or early 2018.

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