On November 8, 2017, KBS Strategic Opportunity REIT, Inc. (“KBS”), through 11 wholly owned subsidiaries, sold 11 of its properties to various subsidiaries of Keppel-KBS US REIT, a newly formed Singapore real estate investment trust that was listed on the Singapore Stock Exchange.

KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust announced November 7 that it has closed on the largest financing facility in KBS’ history.

The Federal Reserve declined to raise interest rates at its policy meeting this week and said the late-summer hurricanes likely will not have much longer-term impact on overall economic activity.

On November 8, 2017, Brian Block, former CFO of American Realty Capital Partners, received a sentence of 18 months in federal prison for overstating the company’s financial results.

Pathway Energy Infrastructure Fund, Inc. announced on November 7, 2017 that it has converted to a continuously offered, closed-end interval fun structure and expanded its investment focus.

The board of directors of Phillips Edison Grocery Center REIT I, Inc. have determined the estimated value per share of its common stock to be $11.00, as of October 5, 2017, representing an 8% increase from the previous estimated value per share of $10.20, as of March 31, 2017.

Commercial property prices have risen steadily since the beginning of the recovery from the Great Financial Crisis (GFC). Prices through September were nearly 25 percent above the level at the end of 2007, according to the value-weighted CoStar Commercial Repeat Sales Index, while prices of multifamily properties were nearly 50 percent above their end-2007 value.

Over Thanksgiving weekend, Black Friday remains the most popular day for shopping.

InvenTrust Properties, Inc. (“InvenTrust” or the “Company”) has received notice on October 30 that Liquidity Partners Trust I, a Delaware statutory trust, filed a Tender Offer Statement on Schedule TO with the Securities and Exchange Commission (“SEC”) regarding an unsolicited mini-tender offer (the “Offer”) to purchase shares of common stock of the Company.

According to an article by Bruce Kelly in InvestmentNews on November 7, the Financial Industry Regulatory Authority Inc. (“FINRA”) on Monday, November 6, barred two former Realty Capital Securities salesmen involved in the 2015 proxy fraud that led to the eventual closing of that firm, and last week suspended a third former Realty Capital salesman for two years.

Millennials get most of the press when it comes to the nation’s multifamily market, with young adults choosing to rent longer in such markets as Indianapolis, Chicago, Minneapolis, Lexington and Detroit. But new research from RENTCafe suggests that another generational group is fueling the multifamily market, too, Baby Boomers.

SNL analyzes publicly traded U.S. equity real estate investment trusts with market caps greater than $200 million and compares their stock prices to the analysts’ consensus estimates of net asset value per share (NAV).

In a Viewpoint article published on November 6, TCW researchers Brivanlou and Tawinganone make a case for REITs to rebound significantly relative to broader market equities over the near- to medium- term.

Griffin-American Healthcare REIT IV Inc. completed the acquisition of a 1,140-unit, nine-property seniors housing portfolio in central Florida from New Senior Investment Group for roughly $110 million, at a capitalization rate of 7.03 percent.

The Green Street Commercial Property Price Index declined by 1% in October.

In an exclusive article by Tom Yeatts at SNL, we learn that Japanese institutional investors are once again upping their investment in U.S. commercial real estate, totaling $1.27 billion in the first half of 2017, a 23% year-over-year increase.

The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay.