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NEWS AND INFORMATION

Teachers union gets free office space from broke Philly school district
While local students are forced to go without basic supplies like toilet paper and textbooks, the School District of Philadelphia is giving away hundreds of thousands of dollars of free office space each year to the local teachers union.

Expect weak reports from hospitality REITs as hotel revenues dwindle
RevPAR fell 7% year-on-year. Hospitality REITs are expected to turn in weak numbers as the reporting season rolls in, fuelled by declines in overall hotel revenues.

Common Hope Hosting Noche de Colores Benefit April 17th
Non-profit Common Hope, occupying an office space at Energy Park Drive office/warehouse building, is hosting Noche de Colores, a special evening celebrating friendship, family, and the children of Guatemala. (PRWeb April 14, 2015) Read the full story at http://www.prweb.com/releases/St_Paul_office_space/charity_event/prweb12653329.htm

N Chandrababu Naidu pitches for exclusive Chinese industrial park in Andhra Pradesh
Company's Chairman Mo Wenhe said the firm is keen on replicating its China experience in Andhra Pradesh, in infrastructure development.

DMV in Chautauqua County seeks new office space in Jamestown
MAYVILLE – The Chautauqua County Department of Motor Vehicles is seeking new office space in Jamestown.

First REIT's net property income up 9.3% to $24m in Q1
First REIT reported that its net property income grew 9.3% year-on-year to $24.2m in the first quarter, on back of maiden contributions from its new hospital in Indonesia. First REIT's good results were supported by maiden contributions from the newly-acquired Siloam Sriwijaya in Indonesia, as well as step-up rental income from its existing properties.

REITs: Investing in Real Estate Without Managing It
Most REITs are equity REITs, but a small proportion of them, such as Annaly Capital (NLY), invest in mortgages and mortgage-backed securities.