| BTB Real Estate Investment Trust Announces $40 Million Brokered ...
MONTREAL, QUEBEC -- (MARKET WIRE) -- April 10, 2007 -- BTB Real Estate Investment Trust (TSX VENTURE: BTB.UN) ("BTB REIT") announced today that it has entered into an engagement letter with Blackmont Capital Inc. to offer trust units ("Units") for maximum gross proceeds to BTB REIT of up to $40,000,000 in reliance on applicable private placement exemptions (the "Private Placement"). The Private Placement will be made on a best efforts basis by a syndicate of investment dealers led by Blackmont Capital Inc. and including National Bank Financial Inc., Dundee Securities Corporation and Genuity Capital Markets (collectively, the "Agents"). The pricing of the Units will be determined by the Agents and BTB REIT in the context of the market. BTB REIT has agreed to grant to the Agents an option to acquire additional Units equal to 15% of the number of Units sold pursuant to the Private Placement.
BTB Real Estate Investment Trust: Grant of Options to Purchase ...
MONTREAL, QUEBEC -- (MARKET WIRE) -- 04/02/07 -- The trustees of BTB Real Estate Investment Trust (TSX VENTURE: BTB.UN)("BTB REIT"), announced today the grant of options to purchase 100,000 units of BTB REIT to Mr. Benoit Cyr, Chief Financial Officer of BTB REIT. These options will expire on April 1, 2012 and their exercise price is $2.65 per unit. Subject to additional conditions, 25% of those options will vest each year starting on April 1, 2008.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release. Contacts:
BTB Real Estate Investment Trust
Mr. Michel Leonard
President and Chief Executive Officer
514-866-1990, ext. 236
.
Chartwell Seniors Housing Real Estate Investment Trust Treasury ...
Chartwell Seniors Housing Real Estate Investment Trust ("Chartwell") (TSX:CSH.UN) of Mississauga, Ontario today announced that it has agreed to sell, subject to regulatory approval, 14,100,000 Units for $14.25 per Unit for aggregate gross proceeds of $200,925,000 and $75,000,000 of 5.9% subordinated unsecured convertible debentures due May 1, 2012 (the "Debentures") to a syndicate of underwriters led by RBC Capital Markets on a bought-deal basis. Chartwell has granted to the Underwriters an option (the "Underwriters Over-allotment Option"), exercisable in whole or in part up to 30 days after closing, to purchase up to an additional 15% of the Units issued on the same terms as set forth above. This offering is expected to increase Chartwell's market capitalization to approximately $1.4 billion, based on the offering price for the Units.
Macau suspends granting of resident status due to real estate ...
Macau, China, 4 April – The government of Macau as of Wednesday suspended the granting of resident status in the territory through investment in real estate, the head of the government, Edmund Ho said in the Legislative Assembly Tuesday.
Ho explained that the possibility would be “suspended" and later reviewed taking into consideration Macau's new reality.
The head of the Administrative Region of Macau also said that around 4,000 current requests would, however, be dealt with.
Ho also said that the process of concession of land in Macau could be carried out by public auction when the land is for housing, but warned that real estate prices would increase.
“On launching a public tender, large foreign companies, which have greater economic leverage, can easily present a proposal and win, but this leads to price increases," he said.
Host Hotels CEO gets $15.4M pay in 2006
Christopher Nassetta, president and chief executive of Host Hotels & Resorts Inc., in 2006 received compensation the company valued at $15.4 million, according to a regulatory filing Tuesday. The lodging real estate investment trust paid Nassetta a salary of $850,000, and non-equity incentive plan compensation totaling $1.6 million. Nassetta, 44, also received other compensation totaling $178,637, including discretionary and matching contributions to a retirement and savings plan and an executive deferred compensation plan; life insurance reimbursements; tax preparation services; and travel expenses. Nassetta also was awarded stock and options valued by the company at approximately $12.8 million on the day they were granted. The Associated Press' calculations of total pay include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock and option awards granted during the year.
Real estate investment: the key to building wealth
Dennis Grant, president of Florida Topland Inc., says real estate investment is one of the more successful means of building wealth. Grant was addressing the real estate seminar 'Building Financial Wealth by Empowerment and Investment in Land', at the Hilton Kingston hotel, New Kingston, last Wednesday. - Winston Sill/Freelance Photographer Ashford W Meikle, Business Reporter If the meteoric success of the Jamaican-born Floridian businessman and pastor, Dennis Grant, is anything to go by, then, without a doubt, investing in land is the path to building financial wealth and living the American dream. "You don't need a have a green card or be an American citizen to purchase land in the United States. Four years ago I was broke but I knew whereI was going and started seeking opportunities," said Grant in a presentation Wednesday at the Hilton Kingston hotel as he encouraged the participants to invest in land through his company, Florida Topland, Incorporated.
Ryland Campbell to address real estate launch
Having a secure financial future is a major goal for most Jamaicans although many regard it as an unattainable dream. One of the surest routes to financial security is investing in land. This time-honoured maxim has been proven correct time and again, and land is generally regarded as the safest investment with High Returns on Investment (HRI). Locally based Jamaicans and those in the wider diaspora now have an opportunity to invest in prime real estate on the outskirts of one of the fastest growing cities in the United States - El Paso, Texas. On Wednesday this week those investors with an eye for a good buy will preview an investment offer at the Hilton Kingston Hotel hosted by Florida Toplands Inc a development company headed by Jamaican/American Dr Dennis Grant whose foray into the real estate development business has been phenomenal.
A Few Ways to Legally Move to Brazil Without Having to Marry a ...
Immigration visa to Brazil will be granted only to applicants who satisfy the special requirements established by the Brazilian National Immigration Council or the Ministry of Labor. In principle, there are seven cases in which a foreigner can obtain a permanent residence visa to Brazil: The administrator, manager or director of a professional or business corporation This category is designed to cover inter-company transfers. Thus, the applicant must already be employed outside of Brazil by the parent company or by an affiliate or subsidiary of the company that proposes to employ him inside Brazil. However, there is no minimum time for that previous employment. Necessary documents for the first step will include: 1-Proof that the applicant is employed outside Brazil by the parent company, or an affiliate or subsidiary of the Brazilian hiring company; 2-A demonstration that the Brazilian company is bringing in specialized labor that will transfer technology, increase productivity and/or bring social benefits; 3-Proof that the company outside of Brazil or its parent has effected total foreign-capital investments of at least US$ 200,000 in the employing company in Brazil for each visa requested.
|
