Asset Manager News & Perspectives

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.

May 2, 2018

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.

April 28, 2018

Cadaret, Grant to be sold to private-equity backed Atria Wealth Solutions

The 75-year-old co-founder of IBD firm Cadaret, Grant & Co. has agreed to sell his company to Atria Wealth Solutions, a wealth management services holding company launched last summer by two former Morgan Stanley executives with the help of a private equity firm.

April 26, 2018

Hines Global REIT Plans to Liquidate

On April 23, 2018, the board of directors of Hines Global REIT, Inc. (“the Company”) unanimously approved a plan of liquidation.

April 25, 2018

Strategic Storage Trust II, Inc. Announces $10.65 NAV

Strategic Storage Trust II, Inc. ("SST II") announced on April 20 that its board of directors has approved an estimated per share net asset value ("NAV") of its Class A common stock and Class T common stock of $10.65, calculated as of December 31, 2017.