
Office Holiday Party Booze Is Being Replaced With Guac and Pickleball
The classic end-of-year celebration — the office holiday party — has gotten a full makeover.
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The classic end-of-year celebration — the office holiday party — has gotten a full makeover.
California is likely to face a $68 billion deficit in its next fiscal year as income tax revenue plummets, marking the second consecutive year of shortfalls that could lead to cuts to key safety-net programs, according to the state’s budget adviser.
Donald Trump’s lawyer told a judge overseeing his civil fraud trial that New York’s attorney general is “terrified” of an expert defense witness who says Deutsche Bank AG wouldn’t have been duped by the former president’s allegedly inflated financial statements.
US household wealth declined in the third quarter by the most in a year on a drop in the value of stock holdings.
A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.
Feb 9, 2022
Bloomberg News
,(Bloomberg) -- Preferred Apartment Communities Inc., a real estate investment trust that owns retail and multifamily properties, is exploring options including a full or partial sale after receiving inbound interest, according to people with knowledge of the matter.
The Atlanta-based landlord, led by Chief Executive Officer Joel Murphy, is in the early stages of evaluating its options, one of the people said. It’s possible no transaction will result.
A spokesman for Preferred Apartment Communities declined to comment.
The company’s shares closed Wednesday at $17.96 apiece, giving it a market value of about $951 million. As of Sept. 30, it owned or was invested in 107 properties in 13 U.S. states such as Florida, South Carolina and Texas, mostly Class A apartment buildings as well as grocery-anchored shopping centers. The REIT also makes multifamily real estate loans.
In 2021, the company divested office assets to buyers including Highwoods Properties Inc., part of a previously announced strategy to simplify its business.
One of the Preferred Apartment Communities’ investors, Arkhouse Partners, nominated directors in an effort to oust the majority of its board, Reuters reported in December.
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