Changes To Finance Bill May Revive Reit, Invit Market, Attract Capital | Business Standard News
According to the Budget announcement, unitholders had to pay tax on dividend income distributed by REITs/InvITs. :
The amendments to the Finance Bill 2020 earlier this week, which exempt dividend earned by unitholders of real estate investment trusts (REITs) and infrastructure investment trusts (InVITs) from tax, are set to revive the market for these instruments. According to the Budget announcement, unitholders had to pay tax on dividend income distributed by REITs/InvITs. This was likely to adversely impact about six upcoming issues, including those by Brookfield and Reliance Industries’ Tower Infrastructure Trust along with K Raheja Corp’s Mindspace Business Park REIT.
Demand Driven Technologies Secures $3.6M Is Series Seed 2 Funding
ATLANTA--(BUSINESS WIRE)-- #CCBA--Demand Driven Technologies announced today that it has raised an additional $3.6 million in Series Seed 2 funding.
Neophotonics Appoints Barbara Rogan As Senior Vice President And General Counsel
SAN JOSE, Calif.--(BUSINESS WIRE)---- $NPTN #opticalnetworking--NeoPhotonics Appoints Barbara Rogan as Senior Vice President and General Counsel. : SAN JOSE, Calif.--(BUSINESS WIRE)--NeoPhotonics Corporation (NYSE: NPTN), a leading designer and manufacturer of advanced hybrid photonic integrated circuit based modules and subsystems for bandwidth-intensive, high speed communications networks, today announced the appointment of Barbara Rogan as the Company's Senior Vice President and General Counsel, reporting to Tim Jenks Chairman and CEO of NeoPhotonics. Ms. Rogan brings twenty years of legal experience in technology in both public and private companies.
Industry Poll: Investors Split Over Hedge Fund Performance During Sell-off
30th Mar 2020 - 12:46pm Industry poll: Investors split over hedge fund performance during sell-off Submitted 30/03/2020 - 12:46pm Investors are divided over how their hedge fund allocations have performed during the recent market crash, a new industry survey has found. Investment consultancy bfinance polled 260 investors - including pension funds, insurers, foundations and endowments and family offices - in 28 countries, with assets totalling more than USD2.5 trillion.
Calera Capital Acquires Majority Stake In Thayer Power & Communication
BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Calera Capital, a leading middle-market private equity firm, announced today that it has acquired Thayer Power & Communication in partnership with management. Thayer is a leading provider of mission critical repair, maintenance, and upgrade services for the utility and telecommunications industries. Terms of the transaction were not disclosed. "Thayer's demonstrated ability to consistently deliver safe, reliable and high-quality service to its utilit.
Xealth And Twistle Partner With Providence To Monitor Patients With Covid-19 Symptoms At Home | Business Wire
SEATTLE--(BUSINESS WIRE)-- #COVID19--Providence is monitoring patients suffering from COVID-19 symptoms using Xealth's digital health platform to deliver Twistle's care automation and remote patient monitoring platform. More than 700 positive or presumptive positive COVID-19 patients are already being helped with this solution at home, keeping patients safe and preventing additional stress on hospitals, emergency rooms and front-line health care teams. Providence is using a pathway solution from Twistle t.
Cell And Gene Therapy Startup Elevatebio Raises $170M - Techcrunch
While economic conditions and the ongoing global coronavirus pandemic may not make for the best atmosphere for raising funding, some companies are still announcing round closures with significant money committed. Cambridge-based ElevateBio, for instance, revealed a $170 million Series B funding on Monday, with participation from new investors The Invus Group, Surveyor Capital, EDBI, and [...]
Public Pension Fund Housing Investments Spark New Concerns
Madison Realty Capital, a private real estate investment firm heavily backed by public pension money, has been stuck with a nearly half-empty rental portfolio in Manhattan's East Village. When the New York-based firm financed controversial landlord Raphael Toledano's purchase of the 16 buildings in 2015, critics called the deal overleveraged. Madison lent $124 million for a portfolio that cost $97 million. But the lender had its reasons. The firm, led by Josh Zegen, Brian Shatz The post Pension fund money is getting tangled in some controversial housing deals appeared first on The Real Deal New York.
John M. Schneider And His Pittsburgh-area Team At Jms Capital Group Real Estate Facilitated Commercial Property Renovations For Pwa Continental Executive Parke | Benzinga
PITTSBURGH, March 30, 2020 /PRNewswire-PRWeb/ -- JMS Capital Group Real Estate, in its role as asset manager for PWA Continental Executive Parke, LP, facilitated an eleven-year $44M lease with a major national tenant at Continental Executive Parke, located at 300 & 340 N. Milwaukee in Vernon Hills, Illinois. After more than a year of negotiations, JMS Capital Group Real Estate reached an agreement with the tenant to remain at the Continental Executive Park office park location and commit to a long-term relationship. Included in the deal was a plan to create a 176,000 square foot state-of-the-art corporate headquarters.
Eastern Union Offers Hope To Besieged Commercial Real Estate Investors With New App Upgrade
NEW YORK, March 30, 2020 /PRNewswire/ -- The COVID-19 pandemic is impacting every sector of the American real estate market. Eastern Union -- one of the country's leading commercial real estate finance firms -- has publicly committed to step up and assist the property financing industry. The company is rolling out a suite of free funding-related software tools to help commercial real estate investors better cope with the inevitable economic decline. "We know the next few months will be turbulent," said Eastern Union founder and president Ira Zlotowitz.
India Inc Takes Invit, Reit Route To Raise Funds In Sinking Market
Reports say that the global investors including Brookfield, Omers, Mubadala and ADIA are in early stage discussions with Tata Power to invest around $500-600 million in its renewable energy InvIT.