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Blog Post: Are Flat-Fee TAMPs a Boon to RIAs?

Blog Post: Are Flat-Fee TAMPs a Boon to RIAs? August 2, 2018 | Beth Glavosek | Blue Vault In an...

Which Nontraded REITs May Be Most Vulnerable to Rising Interest Rates? (Part 2 of 2)

In a recent article, we looked at those nontraded REITs that could be vulnerable to rising interest rates…

NexPoint Capital: A Brief Update

Effective August 1, 2018, the board of directors of NexPoint Capital, Inc. approved the determination of the Company’s net asset value per share…

Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Seattle

American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced on July 31

According to a filing with the SEC, what is the name of a limited partnership in Israel that owns over $100 million in nontraded REIT shares in the United States and recently concluded a tender offer for shares of Cole Office & Industrial REIT (CCIT II), Inc.?

Answer: Comrit Investments Ltd. is a real estate investment fund that was formed in 2015 and currently owns over $100 million in nontraded REIT securities in the United States. On July 30, 2018, the company accepted 56,691 Class A shares that were tendered and following the purchase of all of the tendered shares will own an aggregate of approximately 667,217 Class A shares in the REIT.

AFIN’s Board Recommends Rejection of MacKenzie July 26 Tender Offer

American Finance Trust (“AFIN”), Inc.’s board of directors announced on August 1 that it strongly recommends that its shareholders reject…

Rodin Global Property Trust Acquires Office Building in Columbus, Ohio

On July 31, 2018, Rodin Global Property Trust, Inc., through its operating partnership, acquired,…

Which Nontraded REITs May Be Most Vulnerable to Rising Interest Rates? (Part 1 of 2)

Using the most recent quarterly filings of all nontraded REITs that had significant operations in Q1 2018 and are not in the process of liquidating, Blue Vault identifies those REITs that have the most vulnerability to rising rates using several different metrics as criteria…

Resource Apartment REIT III: A Brief Update

On July 23, 2018, Resource Apartment REIT III, Inc. through its operating partnership entered into an agreement to purchase…

CNL Healthcare Properties Inc.’s Board Urges Rejection of Tender Offer

CNL Healthcare Properties Inc.’s board urged the healthcare real estate investment trust’s stockholders to reject an unsolicited mini-tender offer from…

Carter Validus Mission Critical REIT II to Close Offering November 27, 2018

On November 27, 2017, a follow-on offering by Carter Validus Mission Critical REIT II of up to $1,000,000,000 in shares of common stock was declared effective…

Digging Deeper into American Finance Trust Valuation

There’s the old saying about how any fool can become a millionaire…

American Realty Capital New York City REIT Closes $12.95 Self-Tender

On July 27, American Realty Capital New York City REIT announced that it had accepted for purchase…

MacKenzie Realty Capital’s Tender for All Classes of AFIN Shares

On July 25, 2018, MacKenzie Realty Capital, Inc. (“MacKenzie”) sent a tender offer to shareholders of American Finance Trust, Inc. (“AFIN”) that offers …

Which nontraded REITs have listed a portion of their common shares and delayed the listing of the remaining shares for up to 18 months to reduce potential selling pressure on the first listing date?

Answer: Whitestone REIT in 2012; Inland Western Retail Real Estate Trust, Inc. in 2013; Healthcare Trust of America, Inc. in 2013; Catchmark Timber Trust, Inc. (formerly Wells Timerland REIT, Inc.) in 2015; and American Finance Trust, Inc. in 2018.

On July 19, 2018, American Finance Trust, Inc. listed only Class A shares, with Class B-1 and Class B-2 to become Nasdaq-listed Class A shares in 90 and 180 days, respectively.