Day: April 12, 2022

GREAT NECK, N.Y., April 12, 2022 (GLOBE NEWSWIRE) — BRT Apartments Corp. (NYSE:BRT) today announced that it completed the acquisition of the remaining interests in joint ventures that own two multi-family properties with an aggregate of 462 units. The purchase price for these interests was $12.8 million and because these properties are wholly owned, the Company will include the assets and liabilities of these properties on its consolidated balance sheet, including the aggregate mortgage debt currently on these properties of, as of March 31, 2022, $56.7 million, with a weighted average remaining term to maturity of, 8.4 years, and a weighted average interest rate of 4.04%. In aggregate, these two properties contributed approximately $150,000 of equity in loss of unconsolidated joint ventures in 2021. The previously announced purchases...

MONTERREY, Mexico, April 12, 2022 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that Envoy Solutions (“Envoy”), FEMSA’s specialized distribution subsidiary in the United States, reached an agreement to acquire Sigma Supply of North America Inc. (“Sigma Supply”), an independent specialized distribution company based in Hot Springs, Arkansas. This transaction represents another important step in FEMSA’s strategic path to build a leading national distribution platform in the United States. Sigma Supply will add significant capabilities in packaging materials distribution, solutions and services, and it will expand Envoy’s footprint to include the key state of Texas while enhancing its presence across the South to the Mid-Atlantic region....

MONACO, April 12, 2022 (GLOBE NEWSWIRE) — Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a 2012-built, Chinese, dry-bulk, 181,000 dwt, Capesize class vessel, to be named MV Michalis H, with a scheduled delivery date within May 2022. The vessel will be acquired at a gross purchase price of $30.0 million and will be financed from the cash reserves of the Company. Dr. Loukas Barmparis, President of the Company, commented: “We have further expanded in the Cape market segment acquiring our seventh vessel, at what we believe a competitive purchase price, utilizing our liquidity.” About Safe Bulkers, Inc. The Company is an international provider of marine drybulk transportation services, transporting...