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Asset Manager News

January 22, 2018

SmartStop Asset Management, LLC Acquires 345-Bed Student Housing Community Near University of Michigan Campus for $43.8 Million

“We are very pleased to complete the acquisition of this Class ’A’, institutional-quality student housing property located near one of the largest and most prestigious research universities in the country,” said H. Michael Schwartz, chief executive officer of SmartStop.

January 22, 2018

NorthStar REIT and NorthStar REIT II Shareholders Approve Merger

The stockholders of NorthStar Real Estate Income Trust, Inc. (“NorthStar I”) and NorthStar Real Estate Income II, Inc., (“NorthStar II”) voted to approve the mergers of NorthStar I and NorthStar II into Colony NorthStar Credit Real Estate, Inc. (“CLNC”) at special meetings on January 18.

January 22, 2018

Carter Validus Mission Critical REIT Announces $3.00 Special Distribution

Carter Validus Mission Critical REIT, Inc. (“the Company”) announced January 22 that its Board of Directors has declared a special distribution of $3.00 per share of common stock, subject to, and conditioned upon, all required third party consents and approvals.

January 22, 2018

Bluerock Value Exchange Sells Chace Lake DST (1031-Exchange) Investment Property

The full-cycle investment provided an 8.1% internal rate of return (IRR), including cash flow, over the approximate 5-year hold period.

January 17, 2018

Phillips Edison & Company Acquires 23 Shopping Centers in 2017

Phillips Edison & Company (the “Company”) is pleased to announce a strong close to 2017, acquiring 23 grocery-anchored shopping centers on behalf of the Company and its sponsored programs throughout the year.

January 17, 2018

Self-Storage REIT Outlook Remains Positive, Green Street Analyst Says

Ryan Burke, an analyst at Green Street Advisors, joined Nareit for a video interview at REITworld 2017.

January 17, 2018

A Conversation with Grocery Real Estate Pioneer Phillips Edison

With the internalization of its Grocery Center REIT I’s advisor, Phillips Edison has hit some significant milestones this year.

January 16, 2018

The Inland Real Estate Group of Companies, Inc. Announces its Investment Group Raised More than $800 Million of Capital in 2017

As a business incubator, Inland specializes in creating, developing and sponsoring new business enterprises that provide real estate and finance-related investment funds, including institutional funds, alternative public and private securities, and development, construction and other opportunities.

January 16, 2018

Blue Vault December “Sales Stack” All Alternative Investment Sales

Blue Vault December “Sales Stack” All Alternative Investment Sales January 16, 2018 | Blue Vault NTR Sales at $4.3 Billion for 2017, Down from $4.5 Billion in 2016 Sales by nontraded REITs were down 4.6% in 2017 compared to 2016. December sales of $271.2 million reported to Blue Vault by nontraded REIT sponsors were…