Real estate markets are going to take some time to fully recover from the effects of the Covid-19 pandemic, according to DWS Group, a global asset manager headquartered in Frankfurt, Germany, with offices in the United States.
The first half of 2021 will see further dislocation in real estate markets and an additional erosion of returns, but a resurgence should occur before the end of the year, according to DWS Group’s “U.S. Real Estate Strategic Outlook.”
“DWS expects a rebound, and a potentially powerful one at that, in the summer of 2021 as the Covid-19 vaccine is rolled out, promoting a reopening of the economy and fueling occupational demand,” the report said. “Apartments are expected to lead the recovery, followed by office and retail property next year.”
The firm said the current downturn will be short-lived: There are already low vacancy rates, and there’s only a moderate rate of construction underway. And most important, interest rates are low.
The trend for working from home, which impacts both commercial and residential real estate markets, started before the pandemic but will continue beyond it, DWS said. People will continue to move to lower-cost locations, and there will be a greater corporate acceptance of a distributed workforce. This will be a boon for real estate in select suburbs and high-growth markets, particularly in the south.
“We believe relative yields and potential inflationary pressures will help to drive strong real estate returns over the medium term,” DWS said in a statement. “And yet performance will diverge markedly across sectors and markets. We believe that success or failure will largely hinge on exposure to two key forces reinforced, but not spawned, by the [pandemic]: technology and migration.”
Alexandria Real Estate Equities, Inc. Announces Pricing Of Upsized Public Offering Of 7,000,000 Shares Of Common Stock
Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced the pricing of its upsized public offering of 7,000,000 shares of the Company’s common stock at a price of $184.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares. The offering is expected to close on or about June 17, 2021, subject to customary closing conditions.
PASADENA, Calif., June 14, 2021 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced the pricing of its upsized public offering of 7,000,000 shares of the Company’s common stock at a price of $184.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares. The offering is expected to close on or about June 17, 2021, subject to customary closing conditions.
RBC Capital Markets, BofA Securities, Citigroup, Goldman Sachs & Co. LLC, J.P. Morgan, BTIG, Evercore ISI, Mizuho Securities, Scotiabank, SMBC Nikko, TD Securities, PNC Capital Markets LLC and Regions Securities LLC are acting as joint book-running managers for the offering. Barclays, BNP PARIBAS, Capital One Securities, Fifth Third Securities, Truist Securities and Ramirez & Co., Inc. are acting as co-managers for the offering.
The Company has entered into forward sale agreements with Royal Bank of Canada, Bank of America, N.A., Citibank, N.A., Goldman Sachs & Co. LLC and JPMorgan Chase Bank, N.A. (the “forward purchasers”) with respect to 7,000,000 shares of its common stock (and expects to enter into forward sale agreements with respect to an aggregate of 8,050,000 shares if the underwriters exercise their option to purchase additional shares in full). In connection with the forward sale agreements, the forward purchasers or their affiliates are expected to borrow and sell to the underwriters an aggregate of 7,000,000 shares of the common stock that will be delivered in this offering (or an aggregate of 8,050,000 shares if the underwriters exercise their option to purchase additional shares in full). Subject to its right to elect cash or net share settlement, which right is subject to certain conditions, the Company intends to deliver, upon physical settlement of such forward sale agreements on one or more dates specified by the Company occurring no later than December 14, 2022, an aggregate of 7,000,000 shares of its common stock (or an aggregate of 8,050,000 shares if the underwriters exercise their option to purchase additional shares in full) to the forward purchasers in exchange for cash proceeds per share equal to the applicable forward sale price, which is the public offering price, less underwriting discounts and commissions, and is subject to certain adjustments as provided in the forward sale agreements.
The Company will not initially receive any proceeds from the sale of shares of its common stock by the forward purchasers or their affiliates in the offering. The Company expects to use the net proceeds, if any, it receives upon the future settlement of the forward sale agreements to fund pending acquisitions, with remaining proceeds, if any, to be used for general working capital and other corporate purposes, which may include the reduction of the outstanding balance, if any, on the Company’s unsecured senior line of credit and the outstanding indebtedness, if any, under the Company’s commercial paper program. Selling common stock through the forward sale agreements enables the Company to set the price of such shares upon the pricing of the offering (subject to certain adjustments) while delaying the issuance of such shares and the receipt of the net proceeds by the Company until the expected funding is required.
The offering is being made pursuant to an effective registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Copies of the prospectus supplement relating to this offering, when available, may be obtained by contacting: RBC Capital Markets, Attn: Prospectus Department, at Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, or by telephone at (877) 822-4089; BofA Securities, NC1-004-03-43, Attn: Prospectus Department, at 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or email at email@example.com; Citigroup, Attn: Broadridge Financial Solutions, at 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 800-831-9146 or email at firstname.lastname@example.org; Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, NY 10282, or by telephone at 866-471-2526, or email at email@example.com; or J.P. Morgan, Attn: Broadridge Financial Solutions, at 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204.
Alexandria, an S&P 500® urban office real estate investment trust, is the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland and Research Triangle.
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding the Company’s offering of common stock (including an underwriters’ option to purchase additional shares of common stock), its intended use of the proceeds and the expected closing date of the offering. These forward-looking statements are based on the Company’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by the Company’s forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in the Company’s forward-looking statements, and risks and uncertainties to the Company’s business in general, please refer to the Company’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.
CONTACT: Sara Kabakoff, Vice President – Communications, (626) 788-5578, firstname.lastname@example.org
SOURCE Alexandria Real Estate Equities, Inc.
FAQs – Keeping Current Matters
Check out answers to common questions on KCM Membership, including what’s included, pricing, sample materials, and how to get started.
What’s included in the KCM Membership?
The KCM Membership includes the following features and benefits:
- Daily Blog Posts: Daily real estate blog posts, personalized with your photo, bio and contact information.
- Social Graphics*: Thumb-stopping social media graphics that are personalized & ready-to-share with your clients.
- Videos*: Fresh, relevant 45-60 second video released every week to engage your audience.
- Buyer & Seller Guides: Done-for-you real estate eGuides that you can give directly to your buyers and sellers, personalized with your photo, bio, and contact information.
- Market Reports & Visuals: Powerful real estate charts, graphs, and other visuals to boost your presentations and marketing materials.
- Educational Webinars, eGuides, Support Materials
- Access to Exclusive KCM Member Facebook Group
*Available in the KCM Pro Membership only
How much is the KCM Membership? Is there a contract?
After the 14-day free trial, the KCM Membership is available in two options: a Basic Membership for $29.95/month and a Pro Membership for $49.95/month. There is no long-term contract or commitment. You can cancel at anytime.
Plus, we offer a 30-day 100% money-back guarantee. If you find that the KCM Membership just isn’t for you, let us know within 30 days and we’ll issue you a full refund!
Do I need an Individual Membership or Team Membership?
The individual KCM Membership is a single-user license that is not intended to be shared between multiple agents or used to share content branded to an entire company/brokerage. We appreciate your understanding of this. If you have questions about this, please email email@example.com.
We do offer the option of a Team Membership. For the first Member, the cost is $29.95/month for a Basic Membership or $49.95/month for a Pro Membership. Each additional Member is $20/month for Basic and $30/month for Pro. With this option, each agent on the team gets their own login, Personalized Posts profile, and rights to use the content with their prospects and clients.
Can I see a sample of the KCM materials?
The best way to see for yourself what KCM provides is through our 14-day free trial where you will have full access to everything that our members receive!
However, if you’re not ready to start your trial just yet, you can view samples of some of our materials on our feature pages:
We also suggest that you check out one of our recent webinars as we often use KCM Membership materials in the webinars themselves. You’ll also get a great feel for how we present our analysis and content!
Will the KCM blog posts help my SEO?
KCM is not designed to increase the SEO on your website. In order to be shown at the very top and benefit from SEO efforts, your content must be unique. We’ve read mixed reports on whether or not Google ‘penalizes’ those with duplicative content, which is what KCM provides.
However, this is one of the reasons we host the content for you on our own website. If you want to put the content on your own site because SEO is not a goal for you and you want to provide valuable information to the people already getting to your website from other places, you can do that.
And if you are focusing on SEO and want to ensure you are not penalized at all, you don’t have to put the content on your site. Or you can use our post as a foundation and customize it or localize it so that it’s now unique and no longer duplicative.
Does KCM automatically post to my social media pages?
KCM provides an Automatic Social Posting feature that allows you to share your blog posts and videos to your social media platforms on an automated schedule. You can easily connect your Facebook Business page, LinkedIn and Twitter accounts and select the dates and times you would like your posts to share!
Can I email the KCM blog posts or other materials to my database?
The Personalized Posts feature was originally designed and optimized to be used on social media, but there are a few ways to email your posts (depending on which email/CRM platform you’re using).
We currently have step-by-step instructions for using KCM materials within the following email/CRM platforms:
- Realty Juggler
- Wise Agent
If you use a different email platform and are unable to utilize one of the above programs, it’s still possible to email the KCM blog posts by copying and pasting the content into your email service.
Can I post the KCM materials to my blog or website?
All of the materials included in the KCM Membership can be used on your website if you’d like. This includes the blog posts, quarterly eGuides, and the charts and graphs from the Monthly Market Reports. However, you cannot remove images from the blog posts to use them in other formats and the content is not optimized for or intended to aid the SEO rankings on your website.
You can learn how some of our Members use materials on their websites by listening to this interview with Cindy Allen, a KCM Member since 2013.
Is the information you provide local to my specific area?
At this point in time, we provide content and market insights at a national level. We also focus on topics that apply to everyone across the country (not “here’s how to stage your home,” but rather interest rates or the concept of homeownership as a way to build wealth).
We understand that every market is different, so we do our best to highlight things that affect just about everyone (interest rates, changes in down payments, the value of homeownership in general, overall trends in the industry, etc.).
Unfortunately, at $29.95/month we can’t provide custom information down to a local market. But what the Members who use our content find is that they learn how to understand market factors so they can better explain their own local markets when speaking with buyers and sellers. While we may not provide local content, we help educate you on how to better communicate different changes in the market to your clients.
And if you’re at all worried about the application, this recent interview with a Member about how she uses KCM in her business may help. There’s an audio interview where you can skip around, or a written version if you prefer to read.
Another way to see if the content will be relevant to your area is to read the free, daily blog. You can click here to read every article that’s included with Personalized Posts. This will give you a thorough understanding of the topics we cover and how we approach them.
Will I get the same blog posts as everyone else?
Yes, the blog posts provided with the KCM Membership are the same for all Members. The ways each Member utilizes the content is what creates differentiation among the competition. Solely posting our articles to social media and nothing else will not dramatically increase your business, whether they’re unique or not.
But providing specific articles to clients who need to see that info, adding the charts and graphs to listing presentations, creating videos with the materials, using the seller guide as a pre-listing package, etc… those things will set you apart as a trusted expert advisor. We also provide a 90 day success plan at the beginning of your Membership to introduce you to some of these ideas and help you get started.
I live outside of the U.S., will your materials be relevant?
Although some information might apply (such as how to effectively communicate information to a buyer or seller), most of the information we provide is directed toward the U.S. market. We do have Members from outside of the U.S., such as Canada, who find value in our Membership, but not all of the materials are relevant outside of the U.S.
Denver real estate boom can benefit first-time homebuyers
Even with soaring home prices, Denver’s real estate boom is providing opportunities for first time homeowners and families looking to plan for the future.
Posted: May 13, 2021 / 10:45 PM MDT / Updated: May 13, 2021 / 10:45 PM MDT
After working hard and saving enough money to move out of subsidized housing, the Saenz-Perez family purchased the home of their dreams.
“Just to have a tiny little piece on this big old earth to call yours,” said Bonnie Saenz-Perez.
The loving family of seven gathered around their new dining room table, laughing, sharing, doing homework and most of all, appreciating a home that has room for everyone to enjoy.
Josephine Saenz-Perez tearfully tells the FOX31 Problem Solvers, “I feel very blessed and thankful because I just never thought I’d live in a house this big.”
Thanks to Denver’s real estate boom, the family’s home is now valued at nearly $200,000 more than they paid for it three years ago, something father Cesar says will help secure the children’s future.
“It provides something you couldn’t provide before, you’re actually paying for their future, with the equity that we have in this house, if I was renting I couldn’t use that to pay for somebody’s college,” he said.
Realtor Kathy Casey of Coldwell Banker Realty sold the Saenz-Perez family their dream home. She tells the Problem Solvers, she can relate to the family’s joy and excitement, for a very good reason.
“I grew up in the projects,” she said.
Casey is one of the metro area’s most successful realtors, selling million dollar properties in the Cherry Creek area. She also supports organizations that help families work to transition from subsidized housing to homeownership.
“That just means a lot to me because this is the first step for you to change the trajectory to change your family’s financial future,” she said.
Casey emphasizes that even with Denver’s soaring home values and prices, low interest rates and first-time home buyer programs allow affordable mortgage payments and there are properties on the market listed for under $200,000.
“Whenever I can open the door to somebody, especially somebody who didn’t think they could qualify or they could own a home it just makes everything worthwhile,” Casey said.
Bonnie Saenz-Perez tells FOX31 she and her husband were fortunate to find the right home at the right price.
“I believe it was God sent and saved for us,” she said.
The family had one dream home must-have – to finally have enough space for a dining room table.
“Somewhere where we could sit and have dinner together as a family, as one,” Bonnie said.
Cesar adds that at the end of the day, it is important for families to gather in one place.
“You want to know as a father what they’re doing at school, when it comes to dinner we all sit together at the table. We put the phones away, sometimes,” he said with a chuckle.
Daughter Josephine reflects on living in a small home when the family rented while her parents saved money and planned to buy a residence.
“Seeing my dad work so hard for all of us, to provide for us and trying so hard I know they wish they had a home for us, to finally be there, it’s just amazing,” she said.
Josephine Saenz-Perez tearfully tells the FOX31 Problem Solvers, “I feel very blessed and thankful because I just never thought I’d live in a house this big.”
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