Asset Manager News
Sale of Carillon building closed, Grand Bohemian Hotel coming soon February 2, 2016

Sale of Carillon building closed, Grand Bohemian Hotel coming soon

Feb 1, 2016, 12:22pm EST | Will Boye | Charlotte Business Journal A real estate investment trust managed by KBS has closed on its $147 million purchase of the Carillon office tower in uptown Charlotte. KBS Real Estate Investment Trust III purchased the 24-story, 476,308-square-foot building from real estate firm Hines. As of Dec. 10, the Carillon…
RCAP sets aside $50M retention pool for Cetera’s advisers February 2, 2016

RCAP sets aside $50M retention pool for Cetera’s advisers

Company doesn't release any other details of the plan, including how many of its 9,000 brokers will qualify Feb 1, 2016 @ 1:06 pm | By Bruce Kelly | Investment News As part of its Chapter 11 bankruptcy, RCS Capital Corp. has set aside at least $50 million for retention bonuses slated for some of the 9,000…
Cole Office & Industrial REIT (CCIT II), Inc. Board of Directors Engages Independent Valuation Firm to Assist in the Calculation of a Net Asset Value of Its Shares February 2, 2016

Cole Office & Industrial REIT (CCIT II), Inc. Board of Directors Engages Independent Valuation Firm to Assist in the Calculation of a Net Asset Value of Its Shares

18:16 ET from Cole Capital | PRNewswire PHOENIX, Feb. 1, 2016 /PRNewswire/ -- The Board of Directors (the "Board") of Cole Office & Industrial REIT (CCIT II), Inc. ("CCIT II" or the "Company"), a publicly registered non-listed real estate investment trust ("REIT") focused on investing in single-tenant, income-producing, necessity office and industrial properties, today announced that it…
AR Capital’s American Finance Trust to Reinstate DRIP Pending SEC Approval February 2, 2016

AR Capital’s American Finance Trust to Reinstate DRIP Pending SEC Approval

Jan 29 2016 | Article by: The DI Wire American Finance Trust Inc., a publicly registered non-traded real estate investment trust formerly known as American Realty Capital Trust V, announced its intention to reinstate its currently-suspended distribution reinvestment plan. Reinstatement is predicated upon the approval by the SEC of a pending registration statement. As previously reported…
Sierra Income Corporation Decrease in Public Offering Price January 29, 2016

Sierra Income Corporation Decrease in Public Offering Price

January 28, 2016 05:04 PM Eastern Standard 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 $9.25 per share to $9.10 per share. The decrease in SIC’s public offering price is effective as of SIC’s January…
Franklin Square Provides Senior Secured Financing to PSKW January 29, 2016

Franklin Square Provides Senior Secured Financing to PSKW

Unitranche loan finances Genstar's acquisition of leading pharmaceutical co-pay assistance marketer PHILADELPHIA, Jan. 29, 2016 /PRNewswire/ Franklin Square Capital Partners, the largest manager of business development companies (BDCs), announced the origination of a unitranche term loan to PSKW, LLC (PSKW), a leading developer and marketer of co-pay assistance (CPA) programs for pharmaceutical drugs. The financing…
Self-Storage REIT Strategic Storage Trust II Amends Credit Facility with KeyBank January 29, 2016

Self-Storage REIT Strategic Storage Trust II Amends Credit Facility with KeyBank

January 27, 2016 | ISS Strategic Storage Trust II Inc. (SST II), a self-storage real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has amended a revolving line of credit with KeyBank. The amended credit facility has a maximum borrowing capacity of $105 million that may be increased up to $500 million, according…
Cole Preps $3.5 Billion Office & Industrial REIT January 29, 2016

Cole Preps $3.5 Billion Office & Industrial REIT

Jan 28 2016 | Article by: The DI Wire An S-11 for Cole Office & Industrial REIT III has been registered with the Securities & Exchange Commission. The company, which intends to invest primarily in single-tenant, income-producing, necessity office and industrial properties, is seeking to raise up to $3.5 billion from the sale of its Class…
Seattle Marriott Bellevue Hotel Sold to Carey Watermark January 26, 2016

Seattle Marriott Bellevue Hotel Sold to Carey Watermark

January, 25 2016 | Carey Watermark Investors 2 Incorporated (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Seattle Marriott Bellevue. The newly developed hotel includes 384 guestrooms and is located in Bellevue, Washington, which has evolved from a Seattle suburb…

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