Asset Manager News
What’s Delaying the Sale of 14 Ski Areas Worth Hundreds of Millions? March 1, 2016

What’s Delaying the Sale of 14 Ski Areas Worth Hundreds of Millions?

CNL Lifestyle Properties has been trying to find buyers since March 2015 BY MICHAEL SCHRANTZ | FEB 26, 2016, 9:51A | Curbed Ski When CNL Lifestyle Properties announced it was putting its entire portfolio of mountain properties— including 15 ski resorts, a sightseeing tram and multiple ski area villages — up for sale, it was heralded as…
RCAP and Cetera sue Lightyear for poaching executives March 1, 2016

RCAP and Cetera sue Lightyear for poaching executives

Suit charges defendant is helping execs break non-compete agreements and then hiring them Feb 26, 2016 @ 12:33 pm | By Bruce Kelly | Investment News RCS Capital Corp. and its brokerage unit, Cetera Financial Group, are suing Lightyear Capital for raiding Cetera's executive ranks and potentially harming its future prospects. Lightyear and a Canadian pension fund,…
Resource Real Estate Opportunity REIT Announces Sale of Ivy at Clear Creek March 1, 2016

Resource Real Estate Opportunity REIT Announces Sale of Ivy at Clear Creek

-Sale of Houston property earns REIT a 29.7% average annual return- February 25, 2016 10:00 AM Eastern Standard Time PHILADELPHIA--(BUSINESS WIRE)--Resource Real Estate Opportunity REIT, Inc. (“Opportunity REIT”), a non-traded real estate investment trust sponsored by Resource Real Estate, Inc. (“Resource Real Estate” or “RRE”), today announced the sale of Ivy at Clear Creek (“Ivy”).…
MVP REIT to Buy Connecticut Parking Garage for $7.8 Million March 1, 2016

MVP REIT to Buy Connecticut Parking Garage for $7.8 Million

Feb 25 2016 | By DI Wire MVP REIT Inc., a publicly registered non-traded real estate investment trust, entered into an agreement to purchase a parking garage in Bridgeport, Connecticut from Fairfield Avenue Parking Corporation for $7.8 million, plus closing costs. The property is a multi-level parking garage consisting of approximately 878 parking spaces, together…
Hines Global REIT Declares $10.24 NAV February 25, 2016

Hines Global REIT Declares $10.24 NAV

Feb 24 2016 | DI Wire Hines Global REIT Inc., a non-traded real estate investment trust, announced that its board of directors determined a new estimated per share net asset value of $10.24 for the company’s common stock, as of December 31, 2015. This new estimated per share NAV represents an 8 percent increase over…
North Charleston retail outparcels near Wal-Mart change hands February 25, 2016

North Charleston retail outparcels near Wal-Mart change hands

Feb 24 2016 1:47 pm | By John McDermott | The Post and Courier An Ohio company that bought the Wal-Mart-anchored North Pointe Plaza in North Charleston last year has purchased the adjacent outparcels. Phillips Edison Grocery Center REIT II Inc. paid $4.9 million this month for the properties occupied by retailers AC Moore and Dollar Tree…
$2 Billion Dividend Capital REIT Declared Effective February 25, 2016

$2 Billion Dividend Capital REIT Declared Effective

Feb 24 2016 | DI Wire Dividend Capital, a sponsor of non-traded real estate investment trusts, recently launched Logistics Property Trust Inc., a $2 billion non-traded REIT that focuses on high-quality distribution warehouses and other industrial properties. The company expects to meet its minimum offering by the end of the year. Logistics Property Trust is…
VII Peaks BDC II Dealer Manager Quits February 25, 2016

VII Peaks BDC II Dealer Manager Quits

Feb 24 2016 | DI Wire Axiom Capital Management Inc., a full-service broker-dealer, terminated its dealer management agreement with VII Peaks Co-Optivist Income BDC II Inc., a non-traded business development company, according to a filing with the Securities and Exchange Commission. Axiom served as a non-exclusive managing broker-dealer in the BDC’s continuous offering of common…
SmartStop acquisition pays off for Extra Space Storage February 24, 2016

SmartStop acquisition pays off for Extra Space Storage

Feb 23 2016, 16:11 ET | About: Extra Space Storage, Inc. (EXR) | By: Stephen Alpher, SA News Editor Q4 adjusted FFO of $115.1M or $0.87 per share vs. $84.2M and $0.68 one year ago. Full-year AFFO per share of $3.13 vs. $2.61 in 2014. Q4 same-store (503 stores) revenue up 9.6% Y/Y; expenses up…

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