Asset Manager News & Perspectives

November 1, 2017

Report: Securitized 1031 Exchange Programs to Raise Nearly $2 Billion in 2017

Securitized 1031 programs are on pace to raise $1.80 billion this year, according to the latest industry market report issued by Mountain Dell Consulting, a market research and analytics firm focused on the securitized 1031 exchange marketplace.

November 1, 2017

Black Creek Diversified Property Fund Sells Centerton Square in Philadelphia

On October 25, 2017, the REIT sold Centerton Square, a retail property in Philadelphia, for a total sales price of $129.6 million.

October 31, 2017

Griffin Capital Essential Asset REIT Approves $10.04 NAV

On October 27, the board of directors of Griffin Capital Essential Asset REIT, Inc., a public nontraded REIT, approved an estimated value per share of $10.04 based on the estimated value of the REIT’s assets less the estimated value of the REIT’s liabilities, divided by the approximate number of shares outstanding on a fully diluted…

October 31, 2017

Healthcare Trust Arranges $150 Million in Financing

Healthcare Trust, Inc. (“HTI”) announced on Monday the close of approximately $150 million of additional advances under its existing Fannie Mae master credit facilities with KeyBank National Association and Capital One Multifamily Finance, LLC.

October 31, 2017

InvenTrust Shareholders Receive Third Party Tender Offer for $1.55 Per Share

InvenTrust Properties Corp. received a cash tender offer from Liquidity Partners Trust I for up to 2.0 million of InvenTrust's common shares at $1.55 per share.

October 31, 2017

Phillips Edison Grocery Center REIT I Arranges $195 Million in 14 Secured Mortgage Loans

On October 23, 2017, 14 subsidiaries of Phillips Edison Grocery Center Operating Partnership I, L.P. (“PECO I OP”), and The Guardian Life Insurance Company of America, entered into 14 separate ten-year secured mortgage loans totaling $195 million.

October 30, 2017

American Realty Capital New York City REIT Announces Lower NAV

On October 25, 2017, the independent directors of American Realty Capital New York City REIT, Inc. approved an Estimated Per Share NAV equal to $20.26 based on an estimated fair value of the Company’s assets less the estimated fair value of the Company’s liabilities, divided by 31,029,865 shares of common stock outstanding on a fully…

October 30, 2017

Broadstone Real Estate Files for $1 Billion Interval Fund Offering

Broadstone Real Estate Files for $1 Billion Interval Fund Offering October 27, 2017 | James Sprow | Blue Vault Broadstone Real Estate registered a new interval fund on October 13, with a goal of a $1 billion capital raise. According to the draft registration statement, Broadstone Real Estate Access Fund intends to invest in…

October 30, 2017

It’s 6 Months Running For Price Declines

It’s 6 Months Running For Price Declines October 27, 2017 | Paul Bubny | GlobeSt.com [caption id="" align="alignnone" width="616"] A gap between buyer and seller expectations on pricing “only exacerbates the slump,” says Muoio.[/caption] IRVINE, CA—Commercial property pricing slipped by 0.2% in October, marking the sixth month in a row of declining values, Ten-X said…