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Asset Manager News

April 19, 2016

Phillips Edison Grocery Center REIT II, Inc. Strengthens Portfolio with Three Strategic Acquisitions

- Expands portfolio in New York and adds new grocer to portfolio - April 14, 2016 03:13 PM Eastern Daylight Time CINCINNATI--(BUSINESS WIRE)--Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced the strategic acquisitions of three grocery-anchored shopping centers in Georgia, New York and Florida. The shopping centers, which collectively comprise 618,786 square…

April 19, 2016

Strategic Storage Growth Trust to Sell San Antonio Property for $16.1 Million

Apr 14 2016 | DI Wire Strategic Storage Growth Trust Inc., a publicly registered non-traded real estate investment trust, signed an agreement to sell a self storage facility and industrial warehouse/office space in San Antonio, Texas for $16.1 million. The San Antonio property consists of approximately 385 units and approximately 49,250 square feet of storage…

April 19, 2016

Apple Hospitality to Acquire Apple REIT 10 for $1.3B

Merger Expected to Close During Third Quarter April 18, 2016 | By Randyl Drummer | CoStar Apple Hospitality REIT Inc. (NYSE:APLE) has agreed to acquire Apple REIT Ten Inc. for $1.3 billion in a merger creating one of the largest select-service hospitality REITs with a combined 234 hotels and 30,017 rooms across 33 states. Apple…

April 13, 2016

Nontraded REITs Must Survive on ‘Merit’ Under Fiduciary Rule

April 11, 2016 | by Amy Baxter | Senior Housing News Some senior housing non-traded real estate investment trusts (REITs) may have won a regulatory victory. After much anticipation, worry and outcry from industry, the Department of Labor (DOL) released its finalized version of its new fiduciary rule, with major changes that spell good news for REITs.…

April 12, 2016

A $2.5 Billion Business-Development-Corporation Fund Halts Redemptions After Limit Reached

Volatile markets have prompted rush of investors to exit nontraded business development companies Updated April 10, 2016 7:51 p.m. ET | By KIRSTEN GRIND and JEAN EAGLESHAM | WSJ It was never easy for investors to get their money out of funds called nontraded BDCs, but it is getting even harder now. Business Development Corporation…

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…