SUNRISE RLTY TR. DL-,001 Aktie

WEST PALM BEACH, Fla., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $13.0 million to a $26.0 million subordinate loan for the development of the Excel Miami Apartments (“Excel” or the “Project”), a 24-story multifamily tower located at 1550 NE Miami Place in Miami's Art & Entertainment District. An affiliated entity committed the remaining $13.0 million of the total loan amount. Centennial Bank provided a $68.5 million senior construction loan, with Jay Brito orchestrating the senior loan transaction. The Sponsor is Clearline Real Estate (“Clearline”), a real estate investment and development firm led by Jenny Bernell. Clearline is headquartered in New York and Miami and focuses on multifamily real estate investments across growing U.S. regions.» Mehr auf globenewswire.com

Sunrise Realty Trust, Inc. (NASDAQ:SUNS ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Gabriel Katz - Chief Legal Officer Leonard Tannenbaum - Executive Chairman Brian Sedrish - CEO Brandon Hetzel - CFO Conference Call Participants Stephen Laws - Raymond James Chris Muller - Citizens JMP Operator Good morning, and welcome to Sunrise Realty Trust's Third Quarter Earnings Call. At this time, all participants are in a listen-only mode.» Mehr auf seekingalpha.com

Third quarter 2024 GAAP net income of $1.7 million or $0.26 per basic weighted average common share and Distributable Earnings(1) of $1.9 million or $0.27 per basic weighted average common share» Mehr auf globenewswire.com