On May 7, Griffin Capital Essential Asset REIT, Inc. announced its acquisition of the Shaw Distribution Center - Northport Building C located in Savannah, Georgia for $56.5 million.
May 8, 2018
Asset Manager News & Perspectives
May 8, 2018
May 8, 2018
Resource Income Opportunity REIT to Liquidate
In an 8-K filed May 8, Resource Income Opportunity REIT, Inc. (the “Company”) terminated its offering of up to $1.1 billion in shares of common stock, par value $0.01 per share, to be sold pursuant to its public primary offering and distribution reinvestment plan.
May 8, 2018
Significant Carter Validus Mission Critical REIT Tenant Declares Bankruptcy
On May 4, 2018, Bay Area Regional Medical Center, LLC ("Bay Area"), a tenant of Carter Validus Mission Critical REIT, Inc. (“the Company”) announced in a press release that it is closing its operations on May 10, 2018, and filing for bankruptcy in the near term.
May 7, 2018
Black Creek Group Names Raj Dhanda as First CEO
Black Creek Group, a Denver-based real estate investment management firm with approximately $7.9 billion in US assets under management, announced the appointment of Raj Dhanda as its first chief executive officer.
Strategic Student & Senior Housing Trust, Inc. IPO Declared Effective
Strategic Student & Senior Housing Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, announced that its initial public offering of approximately $1.1 billion in shares of common stock was declared effective by the SEC on May 1, 2018.
May 2, 2018
Blackstone Real Estate Income Trust’s New Dealer Manager Agreement Provides Selling Commission
On May 1, 2018, Blackstone Real Estate Income Trust entered into an Amended and Restated Dealer Manager Agreement with Blackstone Advisory Partner L.P. (its Dealer Manager) that provides for...
May 2, 2018
Carter Validus Mission Critical REIT Suspends Share Redemption Program (SRP)
On April 30, 2018, Carter Validus Mission Critical REIT determined that it had reached its limit on share redemptions, and that it will not be able to fully process all repurchase requests for the month of April 2018.
May 1, 2018
American Finance Trust Offers Self Tender in Defensive Move
On April 30, 2018, American Finance Trust commenced a self-tender offer for up to 1 million shares in response to other potential bidders, including most recently MacKenzie Capital Management.
May 1, 2018
REFILE-REITs outperform broader market in rising rate environment
Rising interest rates this year are helping property-linked stocks outperform the broader U.S. equity market as investors bet real estate investment trusts (REITs) will provide a better return as the Federal Reserve tightens monetary policy further.
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