Asset Manager News
Mega Project Makes History in Nashville April 20, 2017

Mega Project Makes History in Nashville

Mega Project Makes History in Nashville April 20, 2017 | by Scott Baltic | Commercial Property Executive  OliverMcMillan and Spectrum | Emery have begun construction on Fifth + Broadway, a $430 million mixed-use development in the city’s downtown, which will include the new National Museum for African American Music. In the form of preparatory demolition, construction…
Updated: TA Realty Continues Cashing Out Real Estate Fund; Sells Multifamily Portfolio to Blackstone REIT for $430 Million April 20, 2017

Updated: TA Realty Continues Cashing Out Real Estate Fund; Sells Multifamily Portfolio to Blackstone REIT for $430 Million

Updated: TA Realty Continues Cashing Out Real Estate Fund; Sells Multifamily Portfolio to Blackstone REIT for $430 Million April 19, 2017 | by Mark Heschmeyer | CoStar In its second large property disposition this spring, TA Realty LLC sold a six-property, 2,514-unit multifamily portfolio to Blackstone Real Estate Income Trust for $430 million. TA Realty sold…
Robotic Automation Impacting Real Estate Industry, Consultant Says April 20, 2017

Robotic Automation Impacting Real Estate Industry, Consultant Says

Robotic Automation Impacting Real Estate Industry, Consultant Says April 18, 2017 | REIT.com Josh Herrenkohl, principal and global real estate advisory leader at EY, joined REIT.com for a video interview at REITWise 2017: NAREIT’s Law, Accounting & Finance Conference in La Quinta, California. Herrenkohl discussed technology trends that could impact the real estate industry. One…
More Renters Expect To Keep On Renting April 20, 2017

More Renters Expect To Keep On Renting

More Renters Expect To Keep On Renting MCLEAN, VA—That’s one of the conclusions to be drawn from Freddie Mac’s latest survey of apartment tenants. The GSE also expects multifamily loan volume to grow as much as 6% this year. April 11, 2017 | by PAUL BUBNY | GlobeSt.com MCLEAN, VA—Trading a rental for the dream of homeownership?…
Interval Funds are Proving a Hit With Advisors April 18, 2017

Interval Funds are Proving a Hit With Advisors

Interval Funds are Proving a Hit With Advisors April 10, 2017 | by Murray Coleman | Financial Advisor IQ Bond fund manager Pimco has launched an interval fund that’s proving to be a hit with institutional fixed income investors. Categorized by regulators as a cousin to closed-end funds, the new offering has registered to raise $1 billion.…
Republican Tax Reform Plan Puts 1031 Exchanges On The Chopping Block April 18, 2017

Republican Tax Reform Plan Puts 1031 Exchanges On The Chopping Block

Republican Tax Reform Plan Puts 1031 Exchanges On The Chopping Block April 18, 2017 | by Travis Gonzalez | BizNow In June 2016, while Americans were focused on the presidential election, a Republican task force unveiled a 35-page blueprint for tax reform. Dubbed “A Better Way,” the reform attempts to overhaul tax policy and to…
Sierra Income Corporation Announces Q2 2017 Distributions April 18, 2017

Sierra Income Corporation Announces Q2 2017 Distributions

Sierra Income Corporation Announces Q2 2017 Distributions April 13, 2017 | by BUSINESS WIRE  NEW YORK—(BUSINESS WIRE)—Sierra Income Corporation (“Sierra” or the “Company”) today announced that its Board of Directors declared a series of semi-monthly distributions for April, May and June 2017 of $0.02667 per share. Stockholders of record as of each respective record date will…
Dividend Capital DPF Appoints Dwight Merriman III as CEO April 18, 2017

Dividend Capital DPF Appoints Dwight Merriman III as CEO

Dividend Capital DPF Appoints Dwight Merriman III as CEO April 19, 2017 | by James Sprow | Blue Vault The board of directors of Dividend Capital Diversified Property Fund Inc. appointed Dwight Merriman III to serve as Chief Executive Officer effective on April 13, 2017. The board also appointed Rajat Dhanda to serve as President…
Behringer Harvard Opportunity REIT I Agrees to Sell Frisco, Texas, Multifamily Community April 18, 2017

Behringer Harvard Opportunity REIT I Agrees to Sell Frisco, Texas, Multifamily Community

Behringer Harvard Opportunity REIT I Agrees to Sell Frisco, Texas, Multifamily Community April 19, 2017 | by James Sprow | Blue Vault On April 10, 2017, Behringer Harvard Opportunity REIT I, Inc., through an indirect 90%-owned subsidiary, entered into an agreement to sell the 275-unit multifamily community in Frisco, Texas to an unaffiliated third party for a…

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