Asset Manager News & Perspectives

April 3, 2018

Cole Office & Industrial REIT (CCIT II) Announces Increased NAV per Share

The Board of Directors of Cole Office & Industrial REIT (CCIT II), Inc., a publicly registered non-listed real estate investment trust (“REIT”) focused on owning and operating high-quality, income-producing single-tenant office and industrial properties net leased to creditworthy tenants under long-term leases, on March 30 announced an estimated per share net asset value (“NAV”) of…

April 3, 2018

Bluerock’s Interval Fund Maintains Distribution Rate

On March 29, 2018, Bluerock’s Total Income+ Real Estate Fund paid a first quarter distribution of $0.3923, representing an annualized distribution rate of 5.25% based on their NAV as of March 28, 2018.

March 28, 2018

Disappointments at Colony NorthStar Inc. and Colony NorthStar Credit Real Estate

When Colony NorthStar Inc. (NYSE: CLNS) announced its financial results for the fourth quarter and the full year ended December 31, 2017, President and CEO Richard Saltzman tried to put a positive spin on what was a tough year for the listed REIT.

March 28, 2018

BDCs Allowed Higher Leverage in Federal Appropriation Bill

The $1.3 trillion appropriations bill signed by President Trump on March 23 has a provision to allow BDCs to increase their debt-to-equity leverage from 1:1 to 2:1.

March 23, 2018

Moody National REIT II Revises NAV Per Share and Lowers Fees

On March 19, 2018, the board of directors of Moody National REIT II, Inc., including all the independent directors, determined an estimated NAV per share of the REIT’s Class A shares, Class D shares, Class I shares, and Class T shares of common stock of...

March 22, 2018

Exploring Blackstone REIT’s Monthly NAV Increase

In a March 20 filing with the SEC, Blackstone Real Estate Income Trust announced higher transaction prices for their four share classes for subscriptions accepted as of April 1, 2018.

March 21, 2018

Industrial Property Trust Inc. Explores Full-Cycle Options

Industrial Property Trust Inc. (“IPT”), a nontraded REIT program with a portfolio of U.S. industrial properties valued at around $3.3 billion, is exploring options for a full-liquidity event, including a potential sale or equity recapitalization, according to a report by Reuters on March 14.

March 21, 2018

American Finance Trust Announces Increased Net Asset Value

On March 19, the board of American Finance Trust Inc. approved an estimated net asset value per share of $23.56 for the company’s common stock as of December 31, 2017.

March 21, 2018

U.S. Mortgage Default Risk Index Falls 9.1% Over Last 12 Months

A mortgage default risk index that uses internet search queries such as “foreclosure help” and “mortgage help” that was developed by Chauvet, Gabriel and Lutz in 2016 and is called the “MDRI” has decreased 9.1% over the last 12 months according to the UCLA Ziman Center for Real Estate.