Represents fourth generation of Franklin Square's family of core income-generating BDCs BY PR NEWSWIRE JANUARY 6, 2016 04:45 PM EST | Sys-Con Media PHILADELPHIA, Jan. 6, 2016 /PRNewswire/ -- FS Investment Corporation IV (FSIC IV), a new business development company sponsored by Franklin Square Capital Partners (Franklin Square), has satisfied its minimum offering requirement, admitted its…
Asset Manager News
JLL Income Property Trust Closes Venture Investment in 15 Property Portfolio of New York City Retail Properties
SOURCE: JLL Income Property Trust January 05, 2016 11:26 ET | Market Wired CHICAGO, IL--(Marketwired - Jan 5, 2016) - JLL Income Property Trust, an institutionally-managed, non-listed, daily valued perpetual life REIT (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX) (NASDAQ: ZIPIAX) (NASDAQ: ZIPIMX), today announced it recently acquired an approximate 14% interest in a portfolio of 15 urban…
Inland Executive Says Multifamily Demand Bolstering Latest REIT
1/4/2016 | By Sarah Borchersen-Keto JoAnn McGuinness, executive vice president of Inland Real Estate Investment Corp., a sponsor of non-listed REITs and private partnerships, has worked with each of the seven REITs sponsored by Inland during her 23-year tenure with the company. As the company embarks on its newest REIT, Inland Residential Properties Trust, Inc.,…
InvenTrust to Exit Student Housing
Last Updated: January 4, 2016 12:08pm ET By Paul Bubny OAK BROOK, IL—InvenTrust Properties Corp. is selling off its student housing platform in order to become a pure-play multi-tenant retail REIT. Known as University House Community Group Inc., the platform is trading to a partnership of Canada Pension Plan Investment Board, GIC Pte. Ltd. and…
Steadfast Apartment REIT Buys Stoneridge Farms in Nashville for $47.8 Million
Steadfast Apartment REIT, a publicly registered non-traded real estate investment trust, purchased Stoneridge Farms, a 336-unit apartment community in Nashville’s Smyrna submarket for $47.75 million—bringing its total acquisition activity to $1.2 billion. The REIT now owns 617 units in the state of Tennessee, for a total of 9,858 units in 11 states. Constructed in 2005,…
RCAP Evaluating Docupace’sRole Amid Bankruptcy Filing
Docupace's paperless management system is widely used by Cetera, other firms Jan 5, 2016 @ 1:43 pm By Alessandra Malito While soon-to-be bankrupt RCS Capital Corp. considers what to do with its majority stake in Docupace, experts say the paperless processing system used by thousands of advisers is unlikely to go away anytime soon. RCAP…
Griffin Capital Essential Asset REIT Acquires Three-Property Portfolio
December 28, 2015 16:04 ET | Source: Griffin Capital EL SEGUNDO, Calif., Dec. 28, 2015 (GLOBE NEWSWIRE) -- Griffin Capital Corporation (“Griffin Capital”) announced today, on behalf of Griffin Capital Essential Asset REIT, Inc. (the “REIT”), the acquisition of a three-property portfolio from Global Income Trust, Inc. (the “Seller”), a public, non-traded REIT sponsored by…
Upscale Mexican Eatery Plans Summer Opening
Dec 29, 2015, 12:57pm EST Emon Reiser Reporter South Florida Business Journal Besito Mexican, an upscale chain with high ratings from The New York Times toZagat, is slated to open in Boca Raton this summer. Hugh Connerty, CEO of the authentic Mexican eatery, told the South Florida Business Journal construction will begin shortly on the restaurant's…
NorthStar Healthcare Completes $1.8 Billion Capital Raise
December 29, 2015 by Amy Baxter Coming off a year chock full of blockbuster acquisitions, one of the nation’s largest alternative investment sponsors and asset management firms has reached its capital raising goal for its senior housing real estate investment trust (REIT). NorthStar Healthcare Income, a non-traded publicly registered REIT that primarily invests in senior…
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