Asset Manager News
Bellevue Marriott sells for $425,000 per room February 9, 2016

Bellevue Marriott sells for $425,000 per room

February 5, 2016 | By JOURNAL STAFF | Daily Journal of Commerce The new 17-story Marriott at 200 110th Ave. N.E. in downtown Bellevue sold for $163.4 million, property records show. A real estate investment trust called Carey Watermark Investors 2 said last month it purchased the 384-room hotel but did not give the price. The REIT,…
Resource Real Estate Opportunity REIT Announces Sale of 420-Unit Domain at Holcomb Bridge in Georgia February 9, 2016

Resource Real Estate Opportunity REIT Announces Sale of 420-Unit Domain at Holcomb Bridge in Georgia

FEBRUARY 8, 2016 | MultifamilyBiz.com NORCROSS, GA - Resource Real Estate Opportunity REIT, a non-traded real estate investment trust sponsored by Resource Real Estate, announced the sale of Domain at Holcomb Bridge. The Opportunity REIT held a 42.5 percent ownership interest in Domain with an unaffiliated partner. Domain is a 420-unit multifamily residential community located…
Blackstone considering getting into nontraded REIT market February 5, 2016

Blackstone considering getting into nontraded REIT market

Source says firm eyes creating, managing nontraded REITs for brokers and advisers to sell Feb 4, 2016 @ 4:01 pm | By Bruce Kelly |Investment News Private equity giant The Blackstone Group is considering launching a nontraded real estate investment trust business that would both create and manage nontraded REITs for brokers and advisers to sell as…
Moody National REIT II to Purchase Springhill Suites Seattle February 5, 2016

Moody National REIT II to Purchase Springhill Suites Seattle

PR Newswire HOUSTON, Feb. 3, 2016 HOUSTON, Feb. 3, 2016 /PRNewswire/ -- Moody National REIT II, Inc. ("REIT II") announced today that it has entered into an agreement to purchase the Marriott Springhill Suites Hotel (the "Springhill Suites Seattle") in Seattle, Washington for $74.1 million, excluding closing costs. The Springhill Suites Seattle is a select-service hotel…
Carter Validus Mission Critical REIT II, Inc. Acquires Healthcare and Data Center Properties Totaling $58.9 Million February 3, 2016

Carter Validus Mission Critical REIT II, Inc. Acquires Healthcare and Data Center Properties Totaling $58.9 Million

February 02, 2016 04:51 AM Eastern Standard Time TAMPA, Fl.--(BUSINESS WIRE)--Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”) announced the acquisition of healthcare and data center properties totaling approximately $58.9 million in aggregate purchase price. About the acquisitions: The Heritage Park Portfolio was acquired by CVMC REIT II on November 20, 2015, for…
MVP REIT II Declares Initial Distribution of 6 Percent February 2, 2016

MVP REIT II Declares Initial Distribution of 6 Percent

Jan 29 2016 | Article by: The DI Wire MVP REIT II Inc., a publicly registered non-traded real estate investment trust, announced that its board of directors has authorized a 6 percent annualized distribution payment, based on a purchase price of $25 per common share. The distribution, which will be split between a 3 percent annualized…
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…

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