Asset Manager News & Perspectives

February 21, 2019

Phillips Edison & Company’s Total Stockholder Distributions Surpass $1 Billion

Phillips Edison & Company, Inc. (“PECO” or the “Company”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest owners and operators of grocery-anchored shopping centers, together with recently...

February 21, 2019

Griffin Capital Essential Asset REIT Reinstates Distribution Reinvestment Plan

On December 12, 2018, the Griffin Capital Essential Asset REIT (“GCEAR”) board of directors approved the temporary suspension of the REIT’s distribution reinvestment plan ("DRP") in connection with the proposed...

February 21, 2019

Griffin Capital Essential Asset REIT II Reinstates Distribution Reinvestment Plan

On December 12, 2018, the Griffin Capital Essential Asset REIT II (“GCEAR II”) board of directors approved the temporary suspension of the REIT’s distribution reinvestment plan ("DRP") in connection with the proposed...

February 21, 2019

Cole Office & Industrial (CCIT III) Approves $8.60 NAV

Based on the recommendation from a valuation committee comprised of the independent directors of Cole Office & Industrial REIT (CCIT III), Inc., on February 13, 2019, the Company’s board of directors unanimously approved...

February 21, 2019

Rodin Global Property Trust Extends Offering and Announces Distributions and NAV

On February 12, 2019, the board of directors of Rodin Global Property Trust, Inc. authorized the extension of the term of the company’s initial public offering until March 23, 2020...

February 21, 2019

Hines Global REIT Announces $6.17 Net Asset Value Per Share

On February 14, 2019, Hines Global REIT's board of directors determined a new per share net asset value (“NAV”) of the company’s common stock of $6.17 as of February 14, 2019. This new per share NAV is lower than the previously...

February 21, 2019

MacKenzie Realty Capital Offers to Repurchase Shares at $9.00

MacKenzie Realty Capital Inc. is offering to buy back 411,893.49 of its common shares at $9 apiece. In its Q4 2018 financial statement, it reported a net asset value per share of $9.79 as of December 31, 2018, down...

February 21, 2019

Cole Office & Industrial REIT (CCIT II) to Sell 18 Industrial Properties

On February 14, 2019, Cole Office & Industrial REIT (CCIT II), Inc. (the “Seller”) entered into a Purchase and Sale Agreement with Industrial Logistics Properties Trust (the “Purchaser”), an unaffiliated

February 21, 2019

Inland Real Estate Income Trust, Inc. Outlines Strategic Plan for Future Liquidity

Inland Real Estate Income Trust, Inc. ("Inland Income Trust" or "the REIT"), a publicly registered, non-traded real estate investment trust, announced today a long-term strategic plan to move toward a...