South Baltimore s Westport waterfront mixed-use project could break ground within year as developer sells parcels baltimoresun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baltimoresun.com Daily Mail and Mail on Sunday newspapers.
Sorrento, the 306-unit apartment building currently under construction on Roland Clarke Place in Reston, is scheduled to open for leasing tours on July 1,
First Quarter Operational Highlights
Phase II (The Maren) of the development known as RiverFront on the Anacostia in Washington, D.C., reached stabilization meaning 90% of the individual apartments had been leased and occupied by third party tenants. The attainment of stabilization resulted in a change of control for accounting purposes as the veto rights of the minority shareholder lapsed and the Company became the primary beneficiary. As such, beginning March 31, 2021, the Company consolidated the assets (at current fair value), liabilities and operating results of the joint venture.
First Quarter Consolidated Results of Operations
Net income for the first quarter of 2021 was $28,373,000 or $3.03 per share versus $1,618,000 or $.16 per share in the same period last year. The first quarter of 2021 was impacted by the following items:
/EIN News/ JACKSONVILLE, Fla., May 03, 2021 (GLOBE NEWSWIRE) FRP Holdings, Inc. (NASDAQ-FRPH)
First Quarter Operational Highlights
Phase II (The Maren) of the development known as RiverFront on the Anacostia in Washington, D.C., reached stabilization meaning 90% of the individual apartments had been leased and occupied by third party tenants. The attainment of stabilization resulted in a change of control for accounting purposes as the veto rights of the minority shareholder lapsed and the Company became the primary beneficiary. As such, beginning March 31, 2021, the Company consolidated the assets (at current fair value), liabilities and operating results of the joint venture.
Downtown Oldsmar development moves in new direction tbnweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tbnweekly.com Daily Mail and Mail on Sunday newspapers.