Asset Manager News & Perspectives

August 23, 2017

How the Financial-Services Industry Is Using Social Media

How the Financial-Services Industry Is Using Social Media August 11, 2017 | Amy McIllwain | Wealth Management Social media has transformed the financial-services sector in several significant ways, from improving customer service to creating an entire subsection of financial-technology providers. Social media is no longer optional, it’s a necessity. But with such a high level of penetration…

August 23, 2017

July Sees Slump In Multifamily Starts

July Sees Slump In Multifamily Starts August 16, 2017 | Paul Bubny | GlobeSt.com [caption id="" align="alignnone" width="616"] Census Bureau headquarters. (Photo: Skidmore, Owings & Merrill LLP)[/caption] WASHINGTON, DC—A sharp drop in construction starts for multifamily properties brought groundbreakings overall down by 4.8% during July, according to data released Wednesday by the Census Bureau…

August 23, 2017

Which nontraded REIT led the sector in July with approximately 36% of all nontraded REIT equity raised for the month?

Which nontraded REIT led the sector in July with approximately 36% of all nontraded REIT equity raised for the month? Answer: Blackstone Real Estate Income Trust, Inc.

August 23, 2017

InvenTrust Announces Acquisition of the Plaza Midtown in Atlanta

InvenTrust Announces Acquisition of the Plaza Midtown in Atlanta August 22, 2017 | James Sprow | Blue Vault InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that it has acquired The Plaza Midtown, a 70,000 square foot Publix-anchored center located in the Midtown submarket of Atlanta, GA, for approximately $31.8 million. “We are excited…

August 23, 2017

Cove Partners Urges Shareholders in ARC New York City REIT to Vote Against Charter Changes

Cove Partners Urges Shareholders in ARC New York City REIT to Vote Against Charter Changes August 22, 2017 | James Sprow | Blue Vault Cove Partners III LLC, a shareholder of American Realty Capital New York City REIT, Inc. ("ARC-NYRT" or the "Company"), announced today that it has mailed a letter to ARC-NYRT shareholders urging…

August 22, 2017

Getting Real with Retirement: Helping Your Clients Plan for Health Care Costs

Getting Real with Retirement: Helping Your Clients Plan for Health Care Costs August 2017 | Tom Halloran | WeathManagement.com Tom Halloran, President of Voya financial, writes an article on Healthcare and Retirement costs located on page 168 of WealthManagement.com’s Midyear Outlook magazine. Read Full Article Here

August 22, 2017

REITs’ Quarterly FFO Hits Record High

REITs’ Quarterly FFO Hits Record High August 15, 2017 | Paul Bubny | GlobeSt.com NAREIT’s Wechsler says occupancies in Q2 were just below the record levels achieved in the second half of 2016. WASHINGTON, DC—Quarterly funds from operations for equity REITs exceeded $15 billion for the second quarter, marking the first time…

August 22, 2017

TJX to open 260 stores this year

TJX to open 260 stores this year August 16, 2017 | Ernie Herrman | ChainStoreAge.com Off-price powerhouse TJX Companies still seems plenty of room for store expansion — particularly in the home good sector. The retailer, which reported strong second quarter results on Tuesday, has more than 3,800 stores worldwide and will open 260…

August 22, 2017

Consumer sentiment rises to highest level since January

Consumer sentiment rises to highest level since January August 18, 2017 | Michael Sheetz | CNBC.com Consumer confidence was better than expected in August, beating projections from economists surveyed by Reuters. The consumer sentiment index, a survey of consumers by The University of Michigan, rose to 97.6 in August. Economists estimated the index would climb…