Asset Manager News
New York City REIT to Buy Midtown Manhattan Office Asset March 30, 2016

New York City REIT to Buy Midtown Manhattan Office Asset

March 25, 2016 | by Barbra Murray | Commercial Property Executive American Realty Capital NYC REIT will pay $180 million to acquire the Manhattan office asset from an affiliate of The Blackstone Group. New York—Slowly but surely, American Realty Capital New York City REIT Inc.’s portfolio is getting bigger and bigger. The public non-traded REIT will add…
Steadfast Apartment REIT Approves New Estimated Value of $14.46 Per Share March 30, 2016

Steadfast Apartment REIT Approves New Estimated Value of $14.46 Per Share

March 29, 2016 03:55 PM Eastern Daylight Time IRVINE, Calif.--(BUSINESS WIRE)--Steadfast Apartment REIT, Inc. (STAR) announced today the determination of an estimated value per share of the company’s common stock of $14.46 as of December 31, 2015. The estimated value per share was determined by STAR’s board of directors after independent, third-party firms conducted property-level…
Carter Validus Mission Critical REIT II Acquires Data Center Properties Totaling Over $24.2 Million March 30, 2016

Carter Validus Mission Critical REIT II Acquires Data Center Properties Totaling Over $24.2 Million

March 28, 2016 11:24 AM Eastern Daylight Time TAMPA, Fla.--(BUSINESS WIRE)--Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”) announced the acquisition of data center properties totaling approximately $24.2 million in aggregate purchase price. CVMC REIT II acquired the Alpharetta Data Center III property (“ADC III”) on February 2, 2016 for approximately $15,750,000. ADC…
Sierra Income Corporation Decrease in Public Offering Price March 30, 2016

Sierra Income Corporation Decrease in Public Offering Price

March 24, 2016 11:54 AM Eastern Daylight Time NEW YORK--(BUSINESS WIRE)--A committee of the board of directors (the “Board”) of Sierra Income Corporation (“SIC”) has approved a decrease in its public offering price from $9.10 per share to $9.00 per share. The decrease in SIC’s public offering price is effective as of SIC’s March 25,…
JLL Income Property Trust Declares 17th Consecutive Quarterly Dividend March 30, 2016

JLL Income Property Trust Declares 17th Consecutive Quarterly Dividend

March 22, 2016 8:55 AM | Yahoo Finance CHICAGO, IL--(Marketwired - Mar 22, 2016) - JLL Income Property Trust (the "Company"), an institutionally-managed, non-listed, daily valued perpetual life REIT (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX) (NASDAQ: ZIPIAX) (NASDAQ: ZIPIMX), announced that on March 8, 2016 its board of directors declared a regular quarterly dividend of $0.12 per…
RCS Capital to file bankruptcy this weekend March 29, 2016

RCS Capital to file bankruptcy this weekend

Filings will include broker-dealer holding companies of its Cetera firms, according to a source Mar 26, 2016 @ 10:05 am | By Bruce Kelly | Investment News RCS Capital Corp. this weekend intends to take significant step in cleaning up its fiscal woes by making another round of bankruptcy filings that will include broker-dealer holding companies of…
NATIONAL RETAIL PROPERTIES, INC. PRESIDENT AND CEO JULIAN E. WHITEHURST APPOINTED TO THE INVENTRUST BOARD OF DIRECTORS March 29, 2016

NATIONAL RETAIL PROPERTIES, INC. PRESIDENT AND CEO JULIAN E. WHITEHURST APPOINTED TO THE INVENTRUST BOARD OF DIRECTORS

MARCH 24, 2016 | by EPR RETAIL NEWS EDITORS InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that Julian E. (“Jay”) Whitehurst, President and Chief Operating Officer of National Retail Properties, Inc. (NYSE:NNN) has been appointed to the InvenTrust Board of Directors, effective immediately. With this addition, the InvenTrust Board now consists of six directors. “Jay…
KBS Signs More Than 60,000 SF in Leases at West Loop I & II in Metro Houston March 29, 2016

KBS Signs More Than 60,000 SF in Leases at West Loop I & II in Metro Houston

Posted on March 24, 2016 by Haisten Willis in Office, Texas BELLAIRE, TEXAS — KBS Strategic Opportunity REIT, a non-traded real estate investment trust based in Newport Beach, Calif., has signed nine leases totaling 60,227 square feet at West Loop I & II in Bellaire with tenants in the medical and financial industries. Bellaire Dermatology…
Lansing hotel acquired by New York City firm March 29, 2016

Lansing hotel acquired by New York City firm

Thursday, 24 March 2016 10:07 | Written by  MiBiz Staff | MiBiz LANSING — An affiliate of a New York City-based investment firm has acquired a hotel in Lansing. The property in question is the Hampton Inn hotel at 900 North Canal Road in Lansing, according to a statement from real estate research firm CoStar Group…

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