Media Coverage

 

05/10/2012
Upcoming Investor Conference will Center on Capital Sources
This year’s Meet the Money conference in Los Angeles will focus on where hotel companies can find capital amid the tumult facing the industry today. Hotel investors such as Pebblebrook Hotel Trust, Hospitality Properties Trust and Apple REIT, also will participate

More information: http://www.theleadingevents.com/?p=6283

 

05/09/2012
Family Financial Woes Created Investor
Brian Jackson found his way to the finance industry after watching members of his own family mismanage their finances. As the White Plains Branch Assistant Manager for David Lerner Associates, he hopes he can help others avoid mistakes.

More information: http://www.thedailywhiteplains.com/neighbors/family-financial-woes-created-investor

 

05/04/2012
Even the profits are bigger in Texas
Downtown-based Apple REIT Nine last week sold hundreds of acres of natural gas fields in Fort Worth for $198 million. As part of the deal, Apple REIT gets $138.4 million in cash and $60 million in bonds.

More information: http://www.richmondbizsense.com/2012/05/04/even-the-profits-are-bigger-in-texas/

 

04/16/2012
Apple REIT Six-owned Hampton Inn Phoenix, AZ. Completes Extensive Renovations
The Hampton Inn Mid-Town Phoenix hotel has completed extensive hotel renovations to ensure their guests continue to receive the very best Phoenix hotel rooms at the best rate possible.

More information: http://www.prweb.com/releases/2012/4/prweb9341232.htm

 

04/02/2012
Investors eyeing select-service hotels
Select service hotel product has become more sophisticated in the last 10 to 15 years, attracting an increasing number of institutional investors to the sector, according to Jones Lang LaSalle Hotels

More information: http://www.hotelnewsnow.com/Articles.aspx/7867/Investors-eyeing-select-service-hotels

 

03/26/2012
Can you increase investment returns in a low-rate environment?
While low interest rates tend to be good news if you carry consumer debt or if you're shopping for a mortgage, they're not so great if you're a fixed-income investor seeking a steady stream of income to meet your living expenses during retirement.

More information: http://www.latimes.com/features/ara-8062650306-20120222,0,6801380.adstory

 

03/23/2012
Financial Advice for Sensible Investing: Forbes
You don’t gamble with your rent or grocery money. That’s the basic tenet of David Lerner Associates, a Long Island-headquartered financial investment firm.

More information: http://www.davidlerner.com/charts/upl-1336-Forbes3_12.pdf

 

03/13/2012
Horsewoman Helps Support Native American School
Kathy Papaleo, a registered sales assistant at David Lerner Associates in Westport, Conn. has been supporting a Native American School in South Dakota for many years.

More information: http://www.thedailywestport.com/neighbors/horsewoman-helps-support-native-american-school

 

03/05/2012
Homewood Suites Milford Awarded the Apple REIT Companies' "Master of Margins" award.
Apple REIT Seven owned Homewood Suites Milford was recently awarded the Apple REIT Companies' "Master of Margins" award. The Homewood Suites Cincinnati Milford in Ohio beat out 282 other Apple REIT hotels.

More information: http://www.marketwatch.com/story/homewood-suites-cincinnati-milford-wins-prestigious-award-from-apple-reit-2012-03-05

 

03/01/2012
Rotarian Signs Up Kids for Amber Alert Registry
Joe Grugel, an investment counselor with David Lerner Associates Inc. in Westport, helped organize an Amber Alert Registration Day through his involvement with the Rotary Club of Danbury. The group set up a booth at the health and wellness fair at Rogers Park in November, offering free photo Amber Alert cards to participants.

More information: http://www.thedailywestport.com/neighbors/rotarian-signs-kids-amber-alert-registry

 

02/06/2012
Apple REITs Hire Citigroup as Financial Adviser for Proposed Merger, Listing
Apple REIT Eight Inc., one of four non-traded REITs sponsored by hotelier Glade M. Knight that have proposed merging, has hired Citigroup Global Markets Inc. as financial adviser for the proposed transaction.

More information: http://www.crenews.com/index.php?option=com_content&task=view&id=74955&Itemid=128

 

01/30/2012
Blood drive to help injured firefighter Wiedmann
The Syosset Fire Department and David Lerner Associates, Inc. are teaming up for a blood drive Tuesday from 2 p.m.-8 p.m. for injured FDNY firefighter Robert Wiedmann.

More information: http://www.newsday.com/long-island/towns/long-island-now-1.1732330/blood-drive-to-help-injured-firefighter-wiedmann-1.3489862

 

01/28/2012
Woman Holds Bake Sale for Single Mom With Cancer
Kelly Boccanfuso, an administrative assistant at David Lerner Associates Inc. in Westport, Conn., has been raising money through bake sales to help defray expenses for a single mom who was diagnosed with breast cancer.

More information: http://www.thedailywestport.com/neighbors/woman-holds-bake-sale-single-mom-cancer

 

11/22/2011
Trading Day: Inside the SEC filings for 11.17.2011
Third quarter profits for Apple REITs reported in the Richmond Business Journal

More information: http://www.richmondbizsense.com/2011/11/17/trading-day-inside-the-sec-filings-for-11-17-2011/

 

11/22/2011
Apple REIT Ten and Subsidiaries Agree to By 3 hotels in Dallas Area
Richmond-based Apple REIT Ten and its subsidiaries have entered into contracts to buy three hotels in the Dallas area for $69 million. The hotels are under construction.

More information: http://www.virginiabusiness.com/index.php/news/article/apple-reit-ten-and-subsidiaries-agree-to-buy-3-hotels-in-dallas-area/315460/

 

09/29/2011
SEC Filing: Apple REIT Ten Purchases Hilton Garden Inn in Des Plaine Illinois.
The newest of the Apple REIT funds closed on the purchase of a 251-room Hilton Garden Inn in Des Plaines, Ill., for $38 million

More information: http://www.richmondbizsense.com/2011/09/29/trading-day-inside-the-sec-filings-for-9-29-11/

 

09/16/2011
Apple REIT 9 Owned Marriott International to Open at Williams Center
Hotel giant Marriott International is preparing to open a 124-suite hotel at Williams Centre in October. The property is owned by Richmond, Va.-based Apple REIT 9, a real-estate investment trust, and managed by Texas Western Hospitality of Dallas.

More information: http://azstarnet.com/business/local/article_6b9e0cda-3e7e-5c6e-bb68-df09466242ee.html

 

08/26/2011
David Lerner Associates, Inc. Comments on Possible Apple REIT Consolidation
Apple REIT Six, Inc. (the “Company”) announced today that its board of directors has authorized the evaluation of a potential consolidation transaction in which the Company, Apple REIT Seven, Inc., Apple REIT Eight, Inc. and Apple REIT Nine, Inc.would be combined. David Lerner Associates. David Lerner Associates believes this is a positive first step in the evaluation of a transaction that, if completed, potentially may provide increased liquidity and other possible value-enhancing aspects for the shareholders of Apple REITs Six, Seven, Eight and Nine

More information: http://money.msn.com/business-news/article.aspx?feed=BW&Date=20110826&ID=14183355&topic=TOPIC_OPINIONS&isub=2

 

08/19/2011
Apple REITs Eye Merger as Prelude to Public Listing of Shares
Hotelier Glade M. Knight, who over the past 10-plus years has raised more than $5.5 billion of equity for a series of non-traded REITs that primarily invest in hotels, is planning to combine four of them as a possible precursor to a listing on a major exchange.The resulting company would become among the largest publicly traded hotel-owning companies, topped only by Host Hotels & Resorts Inc. and Starwood Hotels & Resorts in terms of total capitalization.

More information: http://www.crenews.com/index.php?option=com_content&task=view&id=72893&Itemid=1

 

08/18/2011
Apple REIT Eight renegotiates loans
Apple REIT Eight Inc., a Richmond-based real estate investment trust owning 51 hotels, has renegotiated five loans on which it deliberately defaulted earlier this year to gain better terms.The company said in its second-quarter report that it strategically defaulted on the loans, which then were placed with a special server. Four loans were renegotiated and reinstated, while the fifth was renegotiated and paid off at a discount.

More information: http://www.virginiabusiness.com/index.php/regions/article/apple-reit-eight-renegotiates-loans/313807/

 

08/16/2011
Apple REIT Six, Inc. Reports Results for the Second Quarter of 2011
Apple REIT Six, Inc. (“Apple Six”) a real estate investment trust (REIT) that owns 66 Marriott®- and Hilton®-branded hotels, has reported results of operations for the second quarter of 2011 on its form 10Q filed with the Securities and Exchange Commission (SEC),

More information: http://www.reuters.com/article/2011/08/15/idUS205305+15-Aug-2011+BW20110815

 

08/16/2011
Apple REIT Seven, Inc. Reports Results for the Second Quarter of 2011
Apple REIT Seven, Inc. (“Apple Seven”), a real estate investment trust (REIT) that owns 51 Marriott®- and Hilton®-branded hotels, has reported results of operations for the second quarter of 2011 on its form 10Q filed with the Securities and Exchange Commission (SEC

More information: http://www.istockanalyst.com/business/news/5359287/apple-reit-seven-inc-reports-results-for-the-second-quarter-of-2011

 

08/16/2011
Apple REIT Eight, Inc. Reports Results for the Second Quarter of 2011
Funds from operations (FFO) for the second quarter of 2011 totaled $14.0 million, or $0.15 per share, an increase of six percent as compared to FFO achieved during the same period of 2010.

More information: http://www.streetinsider.com/Press+Releases/Apple+REIT+Eight,+Inc.+Reports+Results+for+the+Second+Quarter+of+2011/6719192.html

 

08/16/2011
Apple REIT Nine, Inc. Reports Results for the Second Quarter of 2011
Apple REIT Nine, Inc. ("Apple Nine"), a real estate investment trust (REIT) that owns 86 Marriott(R)- and Hilton(R)-branded hotels and 110 parcels of land leased to a third party, has reported results of operations for the second quarter of 2011 on its form 10Q filed with the Securities and Exchange Commission (SEC)

More information: http://research.tdameritrade.com/public/markets/news/story.asp?docKey=100-227b4845-1&clauses=

 

08/05/2011
Apple REIT Investors Don’t Bite
MacKenzie Patterson Fuller,a California investment fund, didn’t have much luck persuading shareholders of a local REIT to give up their shares at a fire sale prices. Chip Patterson, general counsel for MPF, spoke to Richmond BizSense in June, and said his firm would make money by acquiring shares on the cheap and collect the difference if and when the fund sold its hotels, giving the shares a higher value. MPF was hoping that the negative spotlight would drive more investors to cash out, but despite the funds being under fire all summer, Apple REIT investors wouldn’t bite.

More information: http://www.richmondbizsense.com/2011/08/05/apple-reit-investors-don%E2%80%99t-bite/

 

08/04/2011
Apple REIT Buys 3 Hotel Assets for $36 Million
Apple REIT Ten Inc., a Virginia-based real estate investment trust, acquired three properties from Sage Hospitality for $36 million. The first was an 88,625-square-foot Hilton Garden Inn at 2425 Barrington Road in Hoffman Estates, IL. The Class A hospitality building consists of 184 rooms on 3.7 acres and was built in 1995. It sold for $10 million.

More information: http://www.costar.com/News/Article/Apple-REIT-Buys-3-Hotel-Assets-for-$36-Million/130835

 

07/22/2011
David Lerner to Host Second Annual Charity Car Show
The car show is being held to benefit the families of two fallen Nassau County Police Officers, Michael Califano and Geoffrey Breitkopt

More information: http://syosset.patch.com/events/david-lerner-to-host-second-annual-charity-car-show

 

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