AltsTech News

AltsTech News

TIAA Plans to Introduce a Nontraded REIT

TIAA’s London-based real estate arm is introducing a nontraded real estate investment trust in the coming months, PERE News reported, citing unnamed sources familiar with the vehicle.

DC Industrial Liquidating Trust to Sell Final 10 Properties by December 11

DC Industrial Liquidating Trust (the “Trust”) was formed on September 18, 2015, to hold and liquidate the 11 properties excluded from the merger of Industrial Income Trust Inc. (“IIT”) with and into a subsidiary of Western Logistics, LLC, an affiliate of Global Logistics Properties Limited.

FSI Wants Disclosure Regime for SEC’s Fiduciary Rule

The Financial Services Institute has suggested the SEC take a disclosure approach in drafting a uniform fiduciary rule as an alternative method to the best interest contract exemption put forth by the Department of Labor, ThinkAdvisor writes.

Carter Validus Mission Critical REIT II Announces Two Data Center Acquisitions

Carter Validus Mission Critical REIT II, Inc. (“CV Mission Critical REIT II”), a public, non-traded real estate investment trust focused on assembling a diversified portfolio of net-leased data center and healthcare assets, announced on October 31 that it had acquired two data center properties on September 28, 2017 and September 29, 2017 for an aggregate $34.4 million contract purchase price, which excludes closing costs and related fees.