Asset Manager News & Perspectives

September 26, 2017

SEC Discloses Hack of System

SEC Discloses Hack of System September 25, 2017 | Luke Schmidt | Blue Vault On September 20, 2017, SEC Chairman, Jay Clayton disclosed in a statement that a hack was detected last year in its corporate filing system. The agency learned last month that the breach may have provided cybercriminals with corporate secrets from which…

September 26, 2017

Griffin Institutional Access Real Estate Fund Announces Distribution

Griffin Institutional Access Real Estate Fund Announces Distribution September 25, 2017 | Luke Schmidt | Blue Vault On September 22, 2017, Griffin Capital Company, LLC announced on behalf of Griffin Institutional Access Real Estate Fund the third quarter distribution of $0.351 for Class A, $0.345 for Class C, $0.352 for Class I, $0.351 for Class…

September 26, 2017

There’s Still Room For Multifamily Rent Growth

There’s Still Room For Multifamily Rent Growth September 22, 2017 | Erika Morphy | GlobeSt.com The share of households with incomes that can support the average effective multifamily rent in the Washington DC region has dropped from 54.2% in 2006 to 50.9% in 2016. Nonetheless, JLL says in a research note, half of all households can afford…

September 21, 2017

Stressed Retailers Begging Owners for Huge Reductions to Sky-High Rents

Stressed retailers begging owners for huge reductions to sky-high rents September 21, 2017 | Lois Weiss | New York Post Saddled with market-topping lease and rental rates, stressed out US retailers have begun asking building owners for financial relief, claiming their rents are too damn high, sources tell The Post. Faith Hope Consolo, who chairs…

September 21, 2017

How Big of a Threat is Amazon and E-Commerce to Retail?

How Big of a Threat is Amazon and E-Commerce to Retail? September 20, 2017 | Jessica Didonato | Segal Marco Advisors Amazon. What can we say? The company made it possible to buy virtually anything without leaving your home. Amazon keeps making it easier to use its services. It introduced buying with only “1-click,”…

September 21, 2017

How the Internet Kept Humming During 2 Hurricanes

How the Internet Kept Humming During 2 Hurricanes September 18, 2017 | James Glanz | New York Times At one node of the industrial backbone that keeps the internet running, employees sheltered from the worst of Hurricane Irma in a stairwell of a seven-story building in downtown Miami. When the power had gone out, diesel generators instantly…

September 21, 2017

Cottonwood Residential Increases NAV 12.6%

Cottonwood Residential Increases NAV 12.6% September 21, 2017 | Luke Schmidt | Blue Vault Cottonwood Residential, Inc. announced, effective September 1, 2017, the Net Asset Value of the shares of Non-Voting Common Stock increased from $16.90 to $19.03, as determined in the sole discretion of the Board of Directors of Cottonwood Residential. The current distribution…

September 21, 2017

Griffin Capital Essential Asset REIT II Commences Follow-On Offering

Griffin Capital Essential Asset REIT II Commences Follow-On Offering September 21, 2017 | Luke Schmidt | Blue Vault On September 20, 2017, Griffin Capital Essential Asset REIT II, Inc. commenced its follow-on offering of up to $2.2 billion of its common shares after the offering was declared effective by the SEC. The offering consists of…

September 20, 2017

Colony NorthStar, Inc. Announces Redemption of 8.875% Series C Cumulative Redeemable Perpetual Preferred Stock

Colony NorthStar, Inc. Announces Redemption of 8.875% Series C Cumulative Redeemable Perpetual Preferred Stock September 13, 2017 05:08 PM Eastern Daylight Time LOS ANGELES & NEW YORK--Colony NorthStar, Inc. (NYSE: CLNS) (“Colony NorthStar” or the “Company”), a leading global real estate and investment management firm, today announced that it intends to redeem all 5,000,000 outstanding…