Asset Manager News
Strategic Storage Growth Trust Buys Land in Canada, Signs $15.7 Million PSA in Florida February 16, 2016

Strategic Storage Growth Trust Buys Land in Canada, Signs $15.7 Million PSA in Florida

Strategic Storage Growth Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management, acquired vacant land that will be developed into a 780-unit self storage facility in Hamilton, Ontario. The 3.7-acre site will house a two-story storage facility totaling approximately 81,600 square feet. The building, which will offer interior loaded…
KBS Group Looking To Raise up to $150 Mil from Debt Offering in Israel February 12, 2016

KBS Group Looking To Raise up to $150 Mil from Debt Offering in Israel

February 10, 2016 | By Mark Heschmeyer | CoStar KBS Strategic Opportunity REIT Inc., a U.S. public, non-traded real estate investment trust based in Newport Beach, California, filed a public draft prospectus with the Israel Securities Authority for a proposed offering of Series A debentures for a newly formed subsidiary KBS SOR (BVI) Holdings Ltd., which…
Kane Realty, KBS to Develop $100M High-Rise in Raleigh February 12, 2016

Kane Realty, KBS to Develop $100M High-Rise in Raleigh

Posted on February 11, 2016 | by John Nelson | Rebusiness Online Kane Realty Corp., a Raleigh-based commercial real estate developer, has joined with Newport Beach, Calif.-based KBS Realty Advisors as a joint venture partner for the development of Park Central in Raleigh. The development costs for the 16-story, mixed-use tower are estimated to total $100 million, according…
W. P. Carey REIT Affiliate Exceeds $300M in 2015 Self-Storage Transaction Volume February 12, 2016

W. P. Carey REIT Affiliate Exceeds $300M in 2015 Self-Storage Transaction Volume

February 9, 2016 | Inside Self-Storage CPA:18 – Global, a publicly held, non-traded real estate investment trust (REIT) managed by global net-lease REIT W. P. Carey Inc., achieved record transaction volume in 2015 of more than $300 million in acquisitions for its self-storage portfolio. Nearly half the volume was recorded in the last six months…
Phillips Edison Grocery Center REIT II, Inc. Strengthens Portfolio and Presence in Massachusetts and South Carolina with Two Strategic Acquisitions February 12, 2016

Phillips Edison Grocery Center REIT II, Inc. Strengthens Portfolio and Presence in Massachusetts and South Carolina with Two Strategic Acquisitions

February 10, 2016 | Business Wire Phillips Edison Grocery Center REIT II, Inc. (the “Company”) is pleased to announce it has strengthened its portfolio and presence in Massachusetts and South Carolina with two strategic acquisitions collectively comprising 146,472 square feet of prime retail space. In two separate transactions, the Company acquired Carriagetown Marketplace in Amesbury,…
Griffin Capital Essential Asset REIT II Acquires Toshiba Global Commerce Solutions Corporate Headquarters in Durham, North Carolina February 12, 2016

Griffin Capital Essential Asset REIT II Acquires Toshiba Global Commerce Solutions Corporate Headquarters in Durham, North Carolina

(GLOBE NEWSWIRE) -- Griffin Capital Corporation ("Griffin Capital") announced today, on behalf of Griffin Capital Essential Asset REIT II, Inc. (the “REIT”), the acquisition of the 200,846-square-foot Toshiba Global Commerce Solutions Corporate Headquarters (the “Property”) located in Durham, North Carolina. The four-story, Class A office building is leased in its entirety to Toshiba TEC Corporation…
Resource America, Inc. Closes Latest REIT Offering – Over Half a Billion Dollars Raised February 10, 2016

Resource America, Inc. Closes Latest REIT Offering – Over Half a Billion Dollars Raised

SOURCE: Resource America, Inc. February 09, 2016 09:00 ET PHILADELPHIA, PA--(Marketwired - Feb 9, 2016) - Resource America, Inc. (NASDAQ: REXI) (the "Company") announced today that it has successfully closed its latest multifamily focused public offering, Resource Real Estate Opportunity REIT II, Inc. (the "REIT II"), a publicly registered non-traded REIT. REIT II raised $556…
First Capital Real Estate Trust Incorporated Acquires 92% Interest in a $78 Million Development Site February 10, 2016

First Capital Real Estate Trust Incorporated Acquires 92% Interest in a $78 Million Development Site

NEW YORK, Feb. 9, 2016 /PRNewswire/ -- First Capital Real Estate Advisors, LP, the external advisor to First Capital Real Estate Trust Incorporated ("First Capital"), an SEC-registered public non-traded REIT, announced today that First Capital acquired a 92% indirect ownership interest in Township Nine, a 62.6-acre mixed-use development project in Sacramento, California ("Township Nine") appraised at…
KBS REIT III Signs 15,000 SF in Leases at 500 West Madison in Chicago February 10, 2016

KBS REIT III Signs 15,000 SF in Leases at 500 West Madison in Chicago

Feb 09 2016 | Article by: The DI Wire KBS Real Estate Investment Trust III, a publicly registered non-traded REIT, signed two leases totaling 14,817 square feet at 500 West Madison, Chicago’s largest Class A, LEED Gold-certified tower. TalentSprout by Sykes Enterprises renewed and expanded a 10,425-square-foot lease, and OpenMarkets signed a new 4,392-square-foot lease.…

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