Apple REIT Seven
The company entered into a new $29.1 million loan and $40 million credit line with Keybank, NA. It used the proceeds to help pay off an existing $85 million line of credit. The loan agreement is secured by the company’s Residence Inn by Marriott hotel in Seattle.
Dominion (D)
Directors Helen Dragas, Mark Kington, Frank Royal and Robert Spilman Jr. each acquired 38 shares at $52.48 per share as part of a directors compensation plan.
Dynex Capital (DX)
Stephen Benedetti, the company’s CFO andCOO, exercised options for 25,000 shares at $6.61 per share. He then sold those shares at market value for $10.40 per share or a total of $260,000.
Thomas Cole Jr., a director, exercised options for 1,692 shares for $20.80. He then sold those shares at market price for $28.83 per share or a total of $48,000.
Landmark Apartment Trust of America
The Henrico REIT acquired 100 percent Seabreeze Daytona Marina LLC, for $2.1 million worth of common stock. The acquired assets include a submerged parcel of land in the Halifax River. The company said it expects to build a marina on the property.
LATA also acquired Bay Breeze Sonesta LLC for $17.7 million made up of stock, cash and a loan. The Bay Breeze property is a 180-unit apartment community located in Cape Coral – Ft. Myers, Fla.
In another deal, the REIT acquired a 354-unit apartment property in Webster, Texas. As part of the deal, it paid a due diligence fee of $185,100 to an affiliate tied to company executive chairman Joseph Lubeck.
Owens & Minor (OMI)
Erika Davis, a senior vice president, exercised options for 7,000 shares at $24.08 per share. She then sold those shares for $28.20 per share.
O&M completed the previously announced $158 million acquisition of a majority stake of the Movianto Group, a European healthcare logistics firm. The deal gives O&M its first operations in Europe.
Universal Corp. (UVV)
Ray Paul Jr., an executive vice president at the company’s Universal Leaf Tobacco subsidiary, sold 5,100 shares at $48.45 per share or $247,000.
Xenith Bankshares (XBKS)
Edward Phillips Jr., chief lending officer, bought 127 at $4.30 per share and an additional 700 shares at $4.35 per share.
Apple REIT Seven
The company entered into a new $29.1 million loan and $40 million credit line with Keybank, NA. It used the proceeds to help pay off an existing $85 million line of credit. The loan agreement is secured by the company’s Residence Inn by Marriott hotel in Seattle.
Dominion (D)
Directors Helen Dragas, Mark Kington, Frank Royal and Robert Spilman Jr. each acquired 38 shares at $52.48 per share as part of a directors compensation plan.
Dynex Capital (DX)
Stephen Benedetti, the company’s CFO andCOO, exercised options for 25,000 shares at $6.61 per share. He then sold those shares at market value for $10.40 per share or a total of $260,000.
Thomas Cole Jr., a director, exercised options for 1,692 shares for $20.80. He then sold those shares at market price for $28.83 per share or a total of $48,000.
Landmark Apartment Trust of America
The Henrico REIT acquired 100 percent Seabreeze Daytona Marina LLC, for $2.1 million worth of common stock. The acquired assets include a submerged parcel of land in the Halifax River. The company said it expects to build a marina on the property.
LATA also acquired Bay Breeze Sonesta LLC for $17.7 million made up of stock, cash and a loan. The Bay Breeze property is a 180-unit apartment community located in Cape Coral – Ft. Myers, Fla.
In another deal, the REIT acquired a 354-unit apartment property in Webster, Texas. As part of the deal, it paid a due diligence fee of $185,100 to an affiliate tied to company executive chairman Joseph Lubeck.
Owens & Minor (OMI)
Erika Davis, a senior vice president, exercised options for 7,000 shares at $24.08 per share. She then sold those shares for $28.20 per share.
O&M completed the previously announced $158 million acquisition of a majority stake of the Movianto Group, a European healthcare logistics firm. The deal gives O&M its first operations in Europe.
Universal Corp. (UVV)
Ray Paul Jr., an executive vice president at the company’s Universal Leaf Tobacco subsidiary, sold 5,100 shares at $48.45 per share or $247,000.
Xenith Bankshares (XBKS)
Edward Phillips Jr., chief lending officer, bought 127 at $4.30 per share and an additional 700 shares at $4.35 per share.