Comstock Holding Companies, Inc. Reports First Quarter 2013 Results

    First quarter homebuilding revenue of $11.4 million compared to $3.2 million last year
    Net income from continuing operations of $1.1 million compared to net loss of $(1.4) million last year
    Raising revenue outlook and reaffirming forecast for profitable 2013

Comstock Holding Companies, Inc. (CHCI) (“Comstock” or the “Company”), a homebuilding and multi-faceted real estate development and services company in the Washington, D.C. metropolitan area, today announced results for the first quarter of 2013, ended March 31.

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Comstock Holding Companies, Inc. Reports Results for Three and Twelve Months Ended December 31, 2012

Company Forecasts Significant Increase in Revenues for 2013 and a Return to Profitability

In a press release issued by Comstock Holding Companies, Inc. (CHCI) with the same headline, please note that the financial results are for the three and twelve months ended December 31, 2012, not four and twelve months ended December 31, 2012 as originally stated on the headline. The full and corrected release follows:

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KEYreit Responds to Unsolicited Partial Offer

KEYreit (TSX:KRE-UN.TO)- acknowledges the announcement made this morning by Huntingdon Capital Corp. ("Huntingdon") of its commencement of an unsolicited partial bid (the "Huntingdon Offer") for 6,628,940 units of KEYreit.

KEYreit is in the process of reviewing and evaluating the Huntingdon Offer with its financial and legal advisors. KEYreit expects that a special committee of its board will be appointed to assist the board in fulfilling its legal and fiduciary duties in respect of the Huntingdon Offer and making every effort to maximize value for the benefit of KEYreit's unitholders and other stakeholders. 

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Great Wolf and Apollo Agree On Further Increased Offer Price of $7.85 Per Share

K-9 Acquisition, Inc., an affiliate of Apollo Global Management (NYSE: APO - News), and Great Wolf Resorts, Inc. (NASDAQ: WOLF - News) announced today that they have further amended their previously announced merger agreement to provide for Apollo to increase its offer to acquire Great Wolf from $7.00 per share in cash to $7.85 per share in cash.

The $7.85 offer price represents a premium of 171% to the six-month average of Great Wolf’s share price prior to the announcement of Apollo’s original offer (March 12, 2012), a premium of 136% over the ninety-day average of Great Wolf’s share price prior to the announcement of the original offer and a premium of 87% over Great Wolf’s closing stock price on the day prior to the announcement of the original offer.

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GT Canada Medical Properties REIT to be Acquired by NorthWest Value Partners Inc. for $2.05 per Unit

GT Canada Medical Properties Real Estate Investment Trust (TSX-V: MOB-UN.V - News) ("GT Canada") announced that it has entered into a definitive agreement with NorthWest Value Partners Inc. ("NorthWest") pursuant to which NorthWest will offer to acquire all of GT Canada's outstanding units for $2.05 per unit (the "Offer").  The Offer price is subject to adjustment for dilution that may result from the issuance of additional units pursuant to GT Canada's rights offering (the "Rights Offering") that expires on April 24, 2012.

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