Asset Manager News
Big self-storage facility planned for Stoney Creek June 8, 2016

Big self-storage facility planned for Stoney Creek

    A new self-storage facility is rising in Stoney Creek. The vacant site, at 365 Fruitland Rd., was acquired earlier this year by Strategic Storage Growth Trust, sponsored by SmartStop Asset Management. The facility on 3.7 acres (1.5 hectares) will be developed into approximately interior-loaded 780 units in a climate controlled, two-storey building. Completion…
Phillips Edison Grocery Center REIT I, Inc. Acquires Grocery-Anchored Shopping Center June 8, 2016

Phillips Edison Grocery Center REIT I, Inc. Acquires Grocery-Anchored Shopping Center

    June 06, 2016 12:00 PM Eastern Daylight Time CINCINNATI--(BUSINESS WIRE)--Phillips Edison Grocery Center REIT I, Inc. (the “Company”) today announced the strategic acquisition of a grocery-anchored shopping center, expanding the Company’s portfolio in Massachusetts. Northwoods Crossing is a 159,562 square foot grocery store-anchored shopping center in Taunton, Massachusetts, a suburb 40 miles south…
Phillips Edison Grocery Center REIT II, Inc. Acquires Six Grocery-Anchored Shopping Centers in Five States June 6, 2016

Phillips Edison Grocery Center REIT II, Inc. Acquires Six Grocery-Anchored Shopping Centers in Five States

    June 06, 2016 12:00 PM Eastern Daylight Time CINCINNATI--(BUSINESS WIRE)--Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced the strategic acquisition of six grocery-anchored shopping centers, expanding the Company’s portfolio in Florida, Massachusetts, Connecticut, Texas and Nevada. Crosscreek Village is a 66,660 square foot grocery store-anchored shopping center in St. Cloud,…
NorthStar/RXR Announces Initial Investment June 6, 2016

NorthStar/RXR Announces Initial Investment

  Jun 01, 2016, 16:05 ET from NorthStar/RXR New York Metro Real Estate, Inc. NEW YORK, June 1, 2016 /PRNewswire/ -- NorthStar/RXR New York Metro Real Estate, Inc. (NorthStar/RXR) announced today that it made its initial investment by acquiring an indirect minority interest in 1285 Avenue of the Americas, a commercial office building in midtown…
Suniland Shopping Center in Pinecrest Sells for $56M Profit June 6, 2016

Suniland Shopping Center in Pinecrest Sells for $56M Profit

Purchased for $10.4M BY JOSH BAUMGARD JUN 1, 2016, 12:41P Suniland Shopping Centervia Terranova Terranova’s Suniland Associates Ltd. just sold Suniland Shopping Center for a whopping $66.5 million to Denver-based Dividend Capital Diversified Property Fund. The 82,000-square-foot property was originally purchased beginning 22 years ago in two transactions, notes the release, in 1994 for $9.3…
Inland Private Capital Corporation Sells Illinois Retail Property for $25 Million June 2, 2016

Inland Private Capital Corporation Sells Illinois Retail Property for $25 Million

    June 1, 2016 | by DI Wire Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, sold Mariano’s Fresh Market in Elmhurst, Illinois, for $25 million. IPCC, through its subsidiary which serves as asset manager, facilitated the sale of the property on behalf of one of its 1031 investment programs. Located…
Report says REIT changes proposed by AR Global would remove investor protections June 1, 2016

Report says REIT changes proposed by AR Global would remove investor protections

Robert A. Stanger & Co. critical of proxies firm has sent out in preparation for possible consolidations May 31, 2016 @ 12:45 pm | By Bruce Kelly | Investment News Nicholas Schorsch Changes proposed at seven real estate investment trusts controlled by Nicholas Schorsch's AR Global present a “clear and present danger” to their investors by eliminating…
Moody National REIT II Acquires Seattle Marriott Springhill Suites June 1, 2016

Moody National REIT II Acquires Seattle Marriott Springhill Suites

PR Newswire HOUSTON, May 31, 2016 HOUSTON, May 31, 2016 /PRNewswire/ -- Moody National REIT II, Inc. announced that it acquired the Marriott SpringHill Suites Hotel ("SpringHill Suites Seattle") in Seattle, Washington for $74.1 million, excluding closing costs. Located on the southeast corner of Stewart Street and Yale Avenue in downtown Seattle, the 234 room…

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