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Asset Manager News

January 29, 2016

Sierra Income Corporation Decrease in Public Offering Price

January 28, 2016 05:04 PM Eastern Standard Time NEW YORK--(BUSINESS WIRE) A committee of the board of directors (the “Board”) of Sierra Income Corporation (“SIC”) has approved a decrease in its public offering price from $9.25 per share to $9.10 per share. The decrease in SIC’s public offering price is effective as of SIC’s January…

January 29, 2016

Franklin Square Provides Senior Secured Financing to PSKW

Unitranche loan finances Genstar's acquisition of leading pharmaceutical co-pay assistance marketer PHILADELPHIA, Jan. 29, 2016 /PRNewswire/ Franklin Square Capital Partners, the largest manager of business development companies (BDCs), announced the origination of a unitranche term loan to PSKW, LLC (PSKW), a leading developer and marketer of co-pay assistance (CPA) programs for pharmaceutical drugs. The financing…

January 29, 2016

Self-Storage REIT Strategic Storage Trust II Amends Credit Facility with KeyBank

January 27, 2016 | ISS Strategic Storage Trust II Inc. (SST II), a self-storage real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has amended a revolving line of credit with KeyBank. The amended credit facility has a maximum borrowing capacity of $105 million that may be increased up to $500 million, according…

January 29, 2016

Cole Preps $3.5 Billion Office & Industrial REIT

Jan 28 2016 | Article by: The DI Wire An S-11 for Cole Office & Industrial REIT III has been registered with the Securities & Exchange Commission. The company, which intends to invest primarily in single-tenant, income-producing, necessity office and industrial properties, is seeking to raise up to $3.5 billion from the sale of its Class…

January 26, 2016

Seattle Marriott Bellevue Hotel Sold to Carey Watermark

January, 25 2016 | Carey Watermark Investors 2 Incorporated (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Seattle Marriott Bellevue. The newly developed hotel includes 384 guestrooms and is located in Bellevue, Washington, which has evolved from a Seattle suburb…

January 26, 2016

MVP REIT Buys Indianapolis Parking Lot

Jan 25 2016 | Article by: The DI Wire MVP REIT Inc., a publicly registered non-traded real estate investment trust that invests primarily in parking facilities, purchased a parking lot in Indianapolis, Indiana for approximately $1.67 million. The 10,300-square-foot parking lot is located at 239 S. Meridian Street and has 39 parking spaces. Full Article Located…

January 26, 2016

Landmark Apartment Trust Stockholders Approve $1.9 Billion Merger

Landmark Apartment Trust, Inc., a publicly registered non-traded real estate investment trust, announced that its stockholders approved the acquisition of the company by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust (TSX: MST.UN). The cash transaction is valued at approximately $1.9 billion, including the assumption of existing debt, and is expected…

January 21, 2016

KBS REIT III Buys North Carolina Office Tower for $147 Million

Jan 21 2016 | Article by: The DI Wire KBS Real Estate Investment Trust III Inc., a publicly registered non-traded REIT, purchased the Carillon office tower in uptown Charlotte, North Carolina from Hines for $147 million plus closing costs. In 2007, Hines, on behalf of its U.S. Core Office Fund LP, purchased the property for $140…

January 19, 2016

Inland’s McGuinness: Brick-and-mortar retailers fighting back against online surge

January 19, 2016 | Dan Rafter | REJournals.com It’s been predicted for years now, the demise of the brick-and-mortar retailer. But while consumers do continue to flock to the Internet for their purchases, brick-and-mortar stores seem to have regained their own momentum. JoAnn McGuiness, chief operating officer of Oak Brook, Illinois-based Inland Real Estate Income…