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Asset Manager News

April 6, 2016

Inland Real Estate Acquisitions Buys Two Colorado Multifamily Properties

Apr 05 2016 | by DI Wire Inland Real Estate Acquisitions, the purchasing arm for various Inland-sponsored programs including various Delaware statutory trust investments and non-traded real estate investment trusts, purchased two multifamily properties, Miramont Apartments and Pinecone Apartments, located in Fort Collins, Colorado. The purchase prices were not disclosed. “We are pleased to have…

April 6, 2016

InvenTrust Properties Corp. Announces Acquisition of Renaissance Center in Durham, NC

Property to Serve as Centerpiece of Company’s Portfolio in Key Strategic Raleigh-Durham Market April 04, 2016 09:30 AM Eastern Daylight Time OAK BROOK, Ill.--(BUSINESS WIRE)--InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that it has acquired Renaissance Center, a 96% leased, 363,176 square foot retail power center, located in Durham, North Carolina, for $129.2…

April 5, 2016

Franklin Square Upsizes Commitment to Swift Worldwide Resources

Increase of senior secured unitranche loan supports Swift's merger with Air Energi 09:03 ET from Franklin Square Capital Partners PHILADELPHIA, April 4, 2016 /PRNewswire/ -- Franklin Square Capital Partners (Franklin Square), the largest manager of business development companies (BDCs), announced an upsizing of its senior secured unitranche loan to support the merger of Air Energi…

April 5, 2016

Strategic Storage Trust II to Buy 27 Property Portfolio for $371 Million

Apr 04 2016 | by DI Wire Strategic Storage Trust II Inc., a publicly registered non-traded real estate investment trust, signed multiple agreements to purchase a portfolio of 27 properties for approximately $371 million, plus closing costs and acquisition fees. The portfolio consists of 22 self storage facilities (10 in Florida, 11 in North Carolina…

April 1, 2016

Lightstone Value Plus REIT III Buys Rhode Island Hotel for $12.4 Million

Mar 31 2016 | by DI Wire Lightstone Value Plus Real Estate Investment Trust III, Inc., a publicly registered non-traded real estate investment trust, purchased a 92-room Courtyard by Marriott hotel in Warwick, Rhode Island for $12.4 million. The Courtyard - Warwick was built in 2003 and had substantial public area and guest room renovations…

April 1, 2016

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

March 31, 2016 01:06 PM Eastern Daylight Time CINCINNATI--(BUSINESS WIRE)--Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced the strategic acquisitions of a grocery-anchored shopping center in Ohio. The Company acquired the 67,280 square-foot Lakewood City Center in Lakewood, Ohio, a suburb approximately six miles west of Cleveland. The shopping center is located…

April 1, 2016

Moody National REIT I Declares Value at $10.75 per Share

HOUSTON, March 31, 2016 /PRNewswire/ -- Moody National REIT I, Inc., ("REIT I") a publicly registered non-traded real estate investment trust, has announced that, on March 24, 2016, its board of directors determined the estimated value per share of the Company's stock was $10.75 per share as of December 31, 2015. This estimated value per…

March 31, 2016

Gregg A. Bresner to Join CION Investment Management, LLC as Chief Investment Officer

NEW YORK, NY (March 29, 2016) - CION Investment Management, LLC (“CION”), advisor to CION Investment Corp., a leading business development company (BDC) focused on financing middle-market companies, is pleased to announce the hiring of Gregg A. Bresner, CFA as Senior Managing Director and Chief Investment Officer. In this role, Mr. Bresner will oversee origination…

March 30, 2016

New York City REIT to Buy Midtown Manhattan Office Asset

March 25, 2016 | by Barbra Murray | Commercial Property Executive American Realty Capital NYC REIT will pay $180 million to acquire the Manhattan office asset from an affiliate of The Blackstone Group. New York—Slowly but surely, American Realty Capital New York City REIT Inc.’s portfolio is getting bigger and bigger. The public non-traded REIT will add…