CapLease said Monday it has extended its credit agreement with Wells Fargo Bank until July 2013. The $140m secured revolving credit facility provides more than $40m to finance new acquisitions, the locally based REIT says in a release. CapLease’s amended credit facility with Wells Fargo posts the interest rate at Libor plus 275 basis points.
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You asked, and we answered. A Pittsburgh startup company is introducing a new way to look at homeownership, and it’s creating quite a stir.
Real estate tech company RealPage announced recently that it will be acquiring multifamily real estate engagement solution Modern Message.