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Asset Manager News

September 19, 2017

Industrial REITs Experience Unprecedented Success

Industrial REITs Experience Unprecedented Success September 15, 2017 | John Egan | National Real Estate Investor Bolstered by the surge in e-commerce, industrial REITs have become the belles of the industry ball. Propelled largely by the e-commerce boom, industrial rents have grown more than 5.5 percent annually over the past two years in the top 50…

September 18, 2017

Nontraded Interval Fund, Closed-End Funds and Private Placement Up in August

Interval Fund, Nontraded Closed-End Funds and Private Placement Up in August September 19, 2017 | Luke Schmidt | Blue Vault Blue Vault reports sales for Interval Funds and nontraded Closed-End Funds. August sales for these funds that were reported to Blue Vault totaled $160.9 million, up 44% from the $111.8 million reported in July. The…

September 15, 2017

FSC Securities Corp. appoints Derek Burke as President and CEO

FSC Securities Corp. appoints Derek Burke as President and CEO September 15, 2017 | Luke Schmidt | Blue Vault On September 13, 2017, FSC Securities Corporation announced Derek Burke will be replacing Jerry Murphy as President and CEO of the firm. With approximately 1,000 financial advisers across the country, FSC is one of the four…

September 15, 2017

Coverman Joins IPA as Director of Government Affairs and General Counsel

Coverman Joins IPA as Director of Government Affairs and General Counsel September 15, 2017 | Luke Schmidt | Blue Vault The Investment Program Association (IPA), the primary advocacy and education organization for the portfolio diversifying investments (PDI) industry, has appointed Anya Coverman as Director of Government Affairs and General Counsel, effective September 25, 2017. In…

September 15, 2017

Economy Watch: Apartment Rents Stabilize in Summer

Economy Watch: Apartment Rents Stabilize in Summer September 6, 2017 | D.C. Stribling | Commercial Property Executive After falling through the first quarter, the U.S. national median rent has stabilized in recent months, climbing in September to its highest point of 2017: $1,018, though that’s up only a bit from January, when the median…

September 15, 2017

KBS REIT II to sell Los Angeles office tower for $280M

KBS REIT II to sell Los Angeles office tower for $280M September 14, 2017 | Luke Schmidt | Blue Vault On September 8, 2017, KBS Real Estate Investment Trust II, Inc. entered into a purchase and sale agreement for the sale of Union Bank Plaza to RC Acquisitions, LLC ,an affiliate of Pacific Reach Properties.…

September 15, 2017

Cashing Out: KBS Looking to Liquidate Post-Recession Apartment REIT

Cashing Out: KBS Looking to Liquidate Post-Recession Apartment REIT September 14, 2017 | Mark Heschmeyer | CoStar.com KBS Legacy Partners Apartment REIT has decided it’s time to cash out and sell the remaining multifamily properties it purchased through early 2014. The California-based non-traded REIT has already cut separate agreements to sell four of them and…

September 14, 2017

NTR Sales Up 17% in August While BDC Sales Increase 36%

NTR Sales Up 17% in August While BDC Sales Increase 36% September 14, 2017 | Luke Schmidt | Blue Vault Sales by nontraded REITs increased 17% in August compared to July. August sales of $288.9 million reported to Blue Vault by nontraded REIT sponsors grew from $246.9 million in July. Despite this increase, August sales…

September 12, 2017

Malls Face ‘A Necessary Evolution’

Malls Face ‘A Necessary Evolution’ September 8, 2017 | Paul Bubny | GlobeSt.com “Converting malls’ tenant bases to include more of the categories that in-person shoppers now favor won’t be an easy or quick fix,” Cordero says. The retailer categories occupying the most space in US shopping malls? Department stores and apparel, accessory and shoe…