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Asset Manager News

May 22, 2019

The Evolving State of the Retail Sector

The retail sector has suffered adverse headlines during the current economic expansion, but a closer examination of brick-and-mortar retailing shows the present and future are bright. The pressure from online retailers...

May 22, 2019

April NTR Sales Climb, Expected to Exceed $910 Million

Reporting nontraded REITs booked capital raise of $910.7 million in April, up 16% from the $786.4 million total for March and up 121% from the $412.6 million monthly average for the same NTRs in Q4 2018. Blackstone REIT saw capital raise increase in April by 23.7%, but...

May 22, 2019

What happens when a REIT formed to sell properties starts buying instead?

Highlands REIT, a little Chicago real estate company, was made to go out of business. Some of its investors are irked that it still hasn't...

May 16, 2019

Strategic Storage Growth Trust II, Inc. Acquires 587-Unit Self Storage Facility in Phoenix

Strategic Storage Growth Trust II, Inc. (“SSGT II”), a private real estate investment trust sponsored by SmartStop Asset Management, LLC, announced on May 16 its acquisition of a 587-unit...

May 15, 2019

Gimme Shelter: REITs and Trade Disputes

Bickering between the United States and China has threatened to turn into a full-blown trade war, as leaders of each country have ratcheted up tariffs on imports from the other country. Analysts fear that...

May 15, 2019

Duff & Phelps Analyst Positive on REIT Valuations

Ross Prindle, managing director and global head of the real estate advisory group at Duff & Phelps, participated in a video interview at Nareit’s REITwise: 2019 Law, Accounting & Finance Conference in San Antonio...

May 15, 2019

Black Creek Diversified Property Fund Sells Office Building in San Francisco for $191.5 Million

On May 6, 2019, Black Creek Diversified Property Fund Inc. completed the sale of 655 Montgomery, an office property located in San Francisco, California, comprising approximately...

May 9, 2019

Phillips Edison & Company Reports First Quarter 2019 Results; Increases Estimated Value Per Share to $11.10

Phillips Edison & Company, Inc. (“PECO” or the “Company”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest...

May 9, 2019

KBS Strategic Opportunity REIT Board Recommends Rejection of MacKenzie Tender Offer

In a May 6, 2019, letter to stockholders, the board of directors of KBS Strategic Opportunity REIT, Inc., recommended against selling shares for $5.15 per share to MacKenzie Capital...