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Asset Manager News

March 21, 2017

University of California endowment doubles private equity in new asset allocation

University of California endowment doubles private equity in new asset allocation March 15, 2017 | by MEAGHAN KILROY | Pensions & Investments University of California Board of Regents' investment subcommittee approved on Tuesday changes to the long-term target asset allocation of its $10.3 billion endowment, which included a significant increase to private equity and reduction to public…

March 21, 2017

InvenTrust Properties Corp. Announces Increase in Annual Distribution Rate

InvenTrust Properties Corp. Announces Increase in Annual Distribution Rate March 21, 2017 | by James Sprow | Blue Vault InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that its Board of Directors has approved an approximately three percent increase to InvenTrust’s annual distribution rate, from $0.0675 per share of common stock to $0.0695 per…

March 20, 2017

Which Asset Class Is Outperforming Almost All Others?

Which Asset Class Is Outperforming Almost All Others? LADERA RANCH, CA—This property sector has become a better-known asset class that has recently attracted more capital, consequently driving up prices and causing cap rates to compress, SmartStop’s Michael McClure tells GlobeSt.com. March 15, 2017 | by CARRIE ROSSENFELD | GlobeSt.com LADERA RANCH, CA—The self-storage sector has become a…

March 20, 2017

CEO and Chief Investment Officer of American Realty Capital New York City REIT Resign

CEO and Chief Investment Officer of American Realty Capital New York City REIT Resign March 20, 2017 | by James Sprow | Blue Vault On March 10, 2017, Michael A. Happel resigned as the chief executive officer, president and secretary of American Realty Capital New York City REIT, Inc., effective as of the business day…

March 20, 2017

Strategic Storage Trust IV Offering Declared Effective

Strategic Storage Trust IV Offering Declared Effective March 20, 2017 | by James Sprow | Blue Vault Strategic Storage Trust IV, Inc. announced that its registration statement pertaining to an initial public offering of approximately $1.095 billion in shares of common stock was declared effective by the Securities and Exchange Commission on March 17, 2017. Strategic Storage…

March 20, 2017

Resource Real Estate Diversified Income Fund and Resource Credit Income Fund Celebrate Anniversaries

Resource Real Estate Diversified Income Fund and Resource Credit Income Fund Celebrate Anniversaries March 13, 2017 04:30 PM Eastern Daylight Time | BusinessWire PHILADELPHIA--(BUSINESS WIRE)--Over the next several weeks, two interval funds sponsored by subsidiaries of Resource America, Inc. (“Resource”) will celebrate key milestones, reaching their fourth and second anniversaries, respectively. As the regulatory environment…

March 16, 2017

As Firms Move Toward Fees, Investors Are Resistant

As Firms Move Toward Fees, Investors Are Resistant Some firms are betting big on fees, yet nearly six in 10 commission-based investors say they'll likely ditch their firm if forced into a fee account. March 15, 2017 | by Diana Britton | WealthManagement.com The Department of Labor fiduciary rule, which may or may not go…

March 16, 2017

New construction worries sap momentum in once-hot storage sector

New construction worries sap momentum in once-hot storage sector March 14, 2017 | by Jake Mooney and Camilla Yanushevsky | SNL Construction of new self-storage facilities has dramatically accelerated in recent years, sapping momentum from owners and operators of existing properties and weakening publicly traded storage REITs' earnings and stock performance. The shift reflects a greater availability…

March 16, 2017

High Tech Now Essential For CRE

High Tech Now Essential For CRE CHICAGO—Many in CRE have been slow to adopt new technology, but prospective tenants increasingly expect the transparency and data that high tech tools can provide, says Truss’ Bobby Goodman. March 15, 2017 | by BRIAN J. ROGAL | GlobeSt CHICAGO—Last month, GlobeSt.com reported the launching of Truss, a new Chicago-based start-up…