Asset Manager News & Perspectives

April 6, 2018

Strategic Storage Trust IV Acquires 460-Unit Self Storage Facility in Riverside, California

Strategic Storage Trust IV, Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced on April 6 its acquisition of a 460-unit self storage facility located at 3167 Van Buren Blvd. in Riverside, California.

April 3, 2018

Griffin Capital Essential Asset REIT II Amends Share Redemption Program

In an 8K filing on April 2, Griffin Capital Essential Asset REIT II announced changes to its IPO Share Redemption Program (SRP) to allow stockholders to redeem their shares at 100% of net asset value of the applicable share class one year from purchase date.

April 3, 2018

JLL Income Property Trust Announces Reductions in Fees; Increase to Dividend Yield

JLL Income Property Trust has announced the reduction of fees on two of its publicly available share classes.

April 3, 2018

Healthcare Trust Lowers NAV to $20.25 from $21.45

On March 29, 2018, the independent directors of Healthcare Trust, Inc. who comprise a majority of the board, with Edward M. Weil, Jr. abstaining, unanimously approved an Estimated Per-Share NAV as of December 31, 2017 equal to $20.25 based on the estimated fair value of the Company’s assets less the estimated fair value of the…

April 3, 2018

Steadfast Income REIT Lowers NAV per Share and Distribution Rate

In a letter to shareholders on March 29, Steadfast Income REIT announced an updated net asset value per share for the company’s common stock of $10.84 per share.

April 3, 2018

Cole Credit Property Trust Announces Lower NAV Per Share

On March 30, 2018, the Board of Directors of Cole Credit Property Trust V, Inc. (“CCPT V” or the “Company”), a publicly registered non-listed real estate investment trust (“REIT”) focused on investing in high-quality, income-producing necessity retail properties net leased to creditworthy tenants under long-term leases, announced an estimated per share net asset value (“NAV”)…

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.