Shall we finally welcome spring… any time, now? 

I’m eager to be rid of anything bleak and dreary. Enough.

I’m itchy for renewal. 

Every season’s a good time to recharge, restart, and enjoy just plain “looking around”. There’s a lot to see.

If you’ve been waiting for the crack of a bat, today’s your day, as Major League Baseball shakes off the cobwebs, oils up the leather gloves, and starts another season of the timeless pastime.

Our first grandchild is several weeks away from gracing already thrilled parents, offering a brand-new way to see plain, old, regular life.

And if you’re waiting for the right time to start a new project, approach, or tweak, well, how about now?

One aspect of real estate investing that lights me up is a chance to see anew. Imagine an empty lot becoming a mixed-use development. Helping investors understand the benefits of REIT investing. Taking shares in an undervalued equity. Adding to an existing position because it’s the right time.

Just looking around, there’s so much to see—and even imagine beyond. To dream what’s possible. Even just a bit. A bud, a beginning. 

Trite but true: There’s no time like today to start. 

The World According to REITs

Yesterday, Farmland Partners (FPI) announced the U.S. District Court in Colorado granted the company’s motion for summary judgement, dismissing with prejudice the class action lawsuit and each plaintiff’s claims, including allegations relating to its loan program, related party transactions, and that its executives sought to defraud investors. This is interesting news that we have been covering at iREIT on Alpha. Just so you’re aware, I am long FPI.

In Daily REITBeat news this morning, Braemar Hotel (BHR) announced it expects to report occupancy of approximately 55% for Q1 2022, with an average daily rate of approximately $597 resulting in RevPAR of approximately $328. This reflects an approximate increase of 69% compared to Q1 2021 and an approximate increase of 20% compared to Q1 2019. The company noted the preliminary operating information assumes the 15 hotel properties owned and included in the company’s operations on March 31, 2022, were owned as of the beginning of 2019.

Hannon Armstrong (HASI) announced a private offering of $200 million in aggregate initial principal amount of 0.00% green exchangeable senior notes due 2025 by its indirect subsidiaries, HAT Holdings I LLC and HAT Holdings II LLC, subject to market conditions. It intends to utilize the net proceeds of this offering to acquire or refinance, in whole or in part, new and/or existing eligible green projects, which include assets that are neutral to negative on incremental carbon emissions.

Last but not least, Morningstar downgraded Prologis (PLD) ($143) and Public Storage (PSA) ($340) from “hold” to “sell.”

(Source: The Daily REITBeat)