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Asset Manager News

October 10, 2016

CION to Acquire Credit Suisse BDC

CION to Acquire Credit Suisse BDC October 11, 2016 | By Beth Glavosek | Blue Vault On September 30, 2016, Park South Funding, a subsidiary of CION, announced a Purchase and Sale Agreement to acquire Credit Suisse Park View BDC for a gross purchase price of $276,852,116. Jared Schneider, a Managing Partner at Blue Vault,…

October 7, 2016

Real estate adds diversification, but how should you invest?

Real estate adds diversification, but how should you invest? Thursday, 6 Oct 2016 | Ilana Polyak | CNBC By all measures, the real estate sector, along with the rest of the economy, is roaring again. Just look at median home prices of existing homes. In July they were $244,100, a 5.3 percent rise from the…

October 7, 2016

Inland Securities Names New Senior Vice President – Investment Product Research

Inland Securities Names New Senior Vice President – Investment Product Research Oct 05 2016 | by DI Wire Inland Securities Corporation has hired Denise Faber to serve as senior vice president – investment product research. In this new role, Faber will be responsible for the due diligence of all investment products distributed by Inland…

October 7, 2016

Shopoff Realty Investments Acquires Las Vegas Apartment Community

Shopoff Realty Investments Acquires Las Vegas Apartment Community LAS VEGAS (Oct. 6, 2016) – Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced today that the company has acquired a 624-unit apartment community in northwest Las Vegas for $72.6 million. In line with the company’s strategy, there is a possibility…

October 6, 2016

MVP REIT and MVP REIT II Close $30 Million Credit Facility with KeyBank National Association

MVP REIT and MVP REIT II Close $30 Million Credit Facility with KeyBank National Association SAN DIEGO (Oct. 5, 2016) – MVP REIT, Inc. and MVP REIT II, Inc. (the “REITs”), both publicly registered non-traded real estate investment trusts, entered into a credit agreement with KeyBank National Association for a $30 million revolving credit facility…

October 6, 2016

FS Investments Taps Goldman Sachs’ Steve DeAngelis to Head Sales

FS Investments Taps Goldman Sachs’ Steve DeAngelis to Head Sales Industry veteran joins leading alternatives manager as it expands its distribution channels PHILADELPHIA, Oct., 5, 2016 – FS Investments, a leading alternative asset manager, announced that it has hired Steve DeAngelis as Executive Vice President and Head of Distribution. Mr. DeAngelis will serve on the…

October 5, 2016

RREEF Property Trust Continues Portfolio Expansion with Acquisition of Boston-Area Medical Office Building

RREEF Property Trust Continues Portfolio Expansion with Acquisition of Boston-Area Medical Office Building October 3, 2016 NEW YORK--(BUSINESS WIRE)-- RREEF Property Trust, Inc. (ZRPTAX, ZRPTIX, ZRPTTX) today announced the acquisition of 40 Allied Drive in Dedham, MA, a fully-leased Class-A, 64,127 rentable-square-foot medical office building outside of Boston, Massachusetts. The acquisition continues RREEF Property Trust’s…

October 5, 2016

Strategic Storage Trust II, Inc. (SST II) Announces Closing Date of Primary Offering

SOURCE: Strategic Storage Trust II, Inc. September 30, 2016 17:44 ET Strategic Storage Trust II, Inc. (SST II) Announces Closing Date of Primary Offering LADERA RANCH, CA--(Marketwired - Sep 30, 2016) - Strategic Storage Trust II, Inc. (SST II) -- which is sponsored by SmartStop Asset Management, LLC -- recently announced the close of its…

October 5, 2016

Non-Traded REIT, BDC Sales Suffer As Pricing Shifts

Non-Traded REIT, BDC Sales Suffer As Pricing Shifts SEPTEMBER 28, 2016 | DAN JAMIESON | Financial Advisor Facing a shifting regulatory landscape, sales of non-traded REITs and business development companies look to be off about 50 percent this year. For the same reason, sales are shifting to lower-cost share classes. Through August, sales of non-traded REITs were…