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Asset Manager News

February 4, 2019

NexPoint Advisors Proposes Merger with Sierra Income Corporation and Medley Capital Corporation

On August 17, 2018, Blue Vault covered the potential acquisition of Medley Capital Corporation (“MCC”) and Medley Management Inc. (“Medley”) by Sierra Income Corporation (“Sierra”). The companies issued joint press releases on...

January 31, 2019

Starwood to Raise $500 Million for Opportunity Zone Investments

Starwood Capital Group is looking to raise $500 million for investments in low-income areas deemed "opportunity zones" under a new U.S. tax policy, according to the January 30 announcement...

January 31, 2019

Hines Global Income Trust Outperforms Blackstone REIT in 2018

In Blue Vault’s report on the returns to shareholders in daily or monthly NAV continuously-offered nontraded REITs, we estimated the returns to...

January 31, 2019

Former Steadfast Executives Launch 3G Capital Advisors

Commercial real estate investment and financial services industry veterans Christopher Hilbert and R. Kyle Winning, announced on January 25 the launch of...

January 31, 2019

Griffin Capital Essential Asset REIT Board Recommends Rejection of MacKenzie Tender Offer

On January 25, 2019, MacKenzie Capital Management, LP commenced an unsolicited offer to purchase up to 1,000,000 shares of common stock of Griffin...

January 31, 2019

CIM Group Expands Focus on Opportunity Zones

CIM Group announced today that it is expanding its focus on investing in Opportunity Zones, as defined under the 2017 Tax Cuts and Jobs Act. This Act...

January 31, 2019

Broadstone Net Lease, Inc. Announces Continued Portfolio Growth in 2018

Broadstone Net Lease, Inc. (“BNL”), a privately offered real estate investment trust (“REIT”) managed by Broadstone Real Estate, LLC (“Broadstone”),...

January 28, 2019

Strategic Storage Trust II Completes Merger with Strategic Storage Growth Trust

On January 24, 2019, Strategic Storage Trust II, Inc. completed its merger with Strategic Growth Trust, Inc., with Strategic Storage Trust II, Inc. being the surviving entity. Each of the...

January 28, 2019

Non-Listed REITs Capitalize on Fundraising Momentum

Even as publicly-traded equity REITs struggled to shake off negative returns amid stock market volatility, their non-listed peers pulled off a year of both positive performance and strong fundraising....