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Asset Manager News

April 12, 2016

Resource Real Estate Combines and Expands Sales Force

-Firm adds seven territories to wholesale Resource investment platform- April 08, 2016 10:30 AM Eastern Daylight Time PHILADELPHIA--(BUSINESS WIRE)--Resource Real Estate, Inc. and its affiliated broker-dealer, Resource Securities, Inc. (collectively, “Resource”), announced the expansion of its sales force from 12 to 17 territories. Ten recently hired external and internal wholesalers have joined the team and…

April 8, 2016

InvenTrust Properties buys Texas retail center

4/6/2016 3:49 PM | Business Wire via the Daily Herald OAK BROOK -- InvenTrust Properties Corp. has acquired Shops at the Galleria, a 99 percent occupied, 537,685 square foot retail center in Bee Cave, Texas. Michael E. Podboy, InvenTrust executive vice president -- chief financial officer, chief investment officer, said the center is located in…

April 8, 2016

Strategic Storage Trust II Agrees to Buy 27-Property Mindful Self-Storage Portfolio for $371M

April 7, 2016 | Inside Self Storage Strategic Storage Trust II Inc. (SST II), a public, non-traded, self-storage real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has agreed to acquire a 27-property portfolio from Mindful Storage for approximately $371 million, based on a March 25 filing with the Securities and Exchange Commission.…

April 8, 2016

Inland Real Estate Income Trust, Inc. Declares $9.02 NAV Per Share

April 07, 2016 04:26 PM Eastern Daylight Time | Business Wire OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Income Trust, Inc. (“Inland Income Trust” or “the Company”), a publicly registered, non-traded real estate investment trust, announced today that its board of directors approved an estimated per share net asset value (“NAV”) of $9.02 per share of…

April 6, 2016

Inland Real Estate Acquisitions Buys Two Colorado Multifamily Properties

Apr 05 2016 | by DI Wire Inland Real Estate Acquisitions, the purchasing arm for various Inland-sponsored programs including various Delaware statutory trust investments and non-traded real estate investment trusts, purchased two multifamily properties, Miramont Apartments and Pinecone Apartments, located in Fort Collins, Colorado. The purchase prices were not disclosed. “We are pleased to have…

April 6, 2016

InvenTrust Properties Corp. Announces Acquisition of Renaissance Center in Durham, NC

Property to Serve as Centerpiece of Company’s Portfolio in Key Strategic Raleigh-Durham Market April 04, 2016 09:30 AM Eastern Daylight Time OAK BROOK, Ill.--(BUSINESS WIRE)--InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that it has acquired Renaissance Center, a 96% leased, 363,176 square foot retail power center, located in Durham, North Carolina, for $129.2…

April 5, 2016

Franklin Square Upsizes Commitment to Swift Worldwide Resources

Increase of senior secured unitranche loan supports Swift's merger with Air Energi 09:03 ET from Franklin Square Capital Partners PHILADELPHIA, April 4, 2016 /PRNewswire/ -- Franklin Square Capital Partners (Franklin Square), the largest manager of business development companies (BDCs), announced an upsizing of its senior secured unitranche loan to support the merger of Air Energi…

April 5, 2016

Strategic Storage Trust II to Buy 27 Property Portfolio for $371 Million

Apr 04 2016 | by DI Wire Strategic Storage Trust II Inc., a publicly registered non-traded real estate investment trust, signed multiple agreements to purchase a portfolio of 27 properties for approximately $371 million, plus closing costs and acquisition fees. The portfolio consists of 22 self storage facilities (10 in Florida, 11 in North Carolina…

April 1, 2016

Lightstone Value Plus REIT III Buys Rhode Island Hotel for $12.4 Million

Mar 31 2016 | by DI Wire Lightstone Value Plus Real Estate Investment Trust III, Inc., a publicly registered non-traded real estate investment trust, purchased a 92-room Courtyard by Marriott hotel in Warwick, Rhode Island for $12.4 million. The Courtyard - Warwick was built in 2003 and had substantial public area and guest room renovations…