Asset Manager News
InvenTrust to Exit Student Housing January 6, 2016

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 January 6, 2016

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 January 6, 2016

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 January 4, 2016

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 January 4, 2016

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 January 4, 2016

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…
MVP REIT II, Inc. Breaks Escrow January 4, 2016

MVP REIT II, Inc. Breaks Escrow

December 30, 2015 18:28 ET | Source: MVP REIT II MVP REIT II has met its minimum offering of $2 million in subscriptions SAN DIEGO, Dec. 30, 2015 (GLOBE NEWSWIRE) -- MVP REIT II, Inc. (“MVP REIT II”) announced today that the real estate investment trust fulfilled its minimum offering of $2 million in subscriptions…
RREEF Property Trust Expands Property Portfolio into the Washington DC Metropolitan Area with Purchase of Class-A Office Property January 4, 2016

RREEF Property Trust Expands Property Portfolio into the Washington DC Metropolitan Area with Purchase of Class-A Office Property

RREEF Property Trust | December 23, 2015 9:33 AM NEW YORK--(BUSINESS WIRE)-- RREEF Property Trust, Inc. (ZRPTAX, ZRPTBX) today announced the acquisition of Loudoun Gateway I, an institutional-quality Class-A, 102,015 square-foot office building in Sterling, VA, for $21.95 million. This is RREEF Property Trust’s first acquisition in the Washington, DC metropolitan area and increases the fund’s…
RCAP Files for Bankruptcy; Cetera to Emerge as Independent Company January 4, 2016

RCAP Files for Bankruptcy; Cetera to Emerge as Independent Company

Shareholders will be wiped out, while bond holders will own broker-dealer Jan 4, 2016 @ 3:47 pm By Bruce Kelly Reeling under hundreds of millions of dollars in debt, RCS Capital Corp. said on Monday it planned to file for Chapter 11 bankruptcy protection by the end of the month as part of a broad…

Don't miss alts news and educational events. Subscribe Now

Browse Learning Opportunities

THE BLUE VAULT MINUTE

Insights for advisors from advisors

Webinars

Asset managers, service providers and Blue Vault on alts topics

Podcasts

Breaking down alts one-on-one with asset managers and service providers

Videos

Short, impactful clips from webinars, podcasts and events

The alternative investments industry is
expected to grow to $17 trillion by 2025.

Learn Why