KBS Strategic Opportunity REIT has filed additional details regarding its acquisition of City Tower on March 6, 2018.
April 25, 2018
Asset Manager News & Perspectives
April 25, 2018
April 25, 2018
KBS Legacy Partners Apartment REIT Files Articles of Dissolution
KBS Legacy Partners Apartment REIT has filed articles of dissolution effective April 18, 2018.
Preliminary Reactions to SEC’s “Best Interest” Standard Proposal
As expected, reactions to the SEC’s proposed standard of conduct or fiduciary rules pertaining to brokers’ relationships with clients met with mixed reviews.
SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships With Investment Professionals
The Securities and Exchange Commission today voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving access to a variety of types of advice relationships and investment products.
Sales by Interval Funds, Nontraded Closed-End Funds, and Private Placements for March
Blue Vault reports sales for Interval Funds and nontraded Closed-End Funds reported by 10 fund sponsors in March. March sales of these funds that were reported to Blue Vault totaled $184.2 million, up 7.6% from the $171.2 million reported in February for the same sample of programs.
April 18, 2018
Steadfast Apartment REIT Discloses Higher NAV
In a filing on April 13, Steadfast Apartment REIT announced an estimated value per share of $15.18 as of December 31, 2017. This amount is another in a series of steadily increasing share valuations since the REIT ceased offering shares on March 24, 2016. The previous valuation on December 31, 2016, was $14.85 per share.
April 17, 2018
Carter Validus Mission Critical REIT II, Inc. Acquires $51 Million Data Center Portfolio
In an April 17 press release, Carter Validus Mission Critical REIT II, Inc. (CV Mission Critical REIT II), a public, non-traded real estate investment trust announced that on March 14 it had acquired the Rancho Cordova Data Center Portfolio for a contract purchase price of approximately $51 million, which excludes acquisition fees and costs.
April 16, 2018
Griffin-American Healthcare REIT IV, Inc. Acquires Medical Office Building in Wisconsin
American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced on April 13 that the REIT has acquired Sauk Prairie Medical Office Building, which consists of a Class A, on-campus medical office building located in the Wisconsin village of Prairie du Sac, near Madison, for $19.5 million.
April 16, 2018
FIRST PERSON: Michael Seton of Carter Validus
Blue Vault recently had the opportunity to talk with Michael Seton, Chief Executive Officer (CEO) of Carter Validus, a private commercial real estate investment company, and President and CEO of Carter Validus Mission Critical REIT (CVMC REIT I) and Carter Validus Mission Critical REIT II (CVMC REIT II), two public non-traded REITs sponsored by Carter…
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