Asset Manager News & Perspectives

July 20, 2017

Strategic Storage Growth Trust, Inc. Acquires Newly-Constructed Self Storage Facility Near Charleston, South Carolina

Strategic Storage Growth Trust, Inc. Acquires Newly-Constructed Self Storage Facility Near Charleston, South Carolina July 19, 2017 | Strategic Storage Growth Trust, Inc. CHARLESTON, S.C., July 19, 2017 /PRNewswire/ -- Strategic Storage Growth Trust, Inc. ("SSGT"), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC, announced today its purchase of a 500-unit, newly-constructed self…

July 20, 2017

Inland Real Estate buys portfolio of 49 CVS stores

“This was an attractive acquisition opportunity due to the fact that we were able to buy all 49 CVS stores in one transaction.”

July 20, 2017

BDCA Reduces Distribution Rate

BDCA Reduces Distribution Rate July 18, 2017 | Jared Schneider | Blue Vault On July 18, 2017, Business Development Corporation of America (BDCA) announced that the Company is reducing its annualized distribution rate to $0.65 per share from $0.87 per share. This reduces the annual distribution yield on the last available public offering price before…

July 20, 2017

Fitch Analyst Says REITs Looking to Reduce Cost of Financing

Fitch Analyst Says REITs Looking to Reduce Cost of Financing July 17, 2017 | by REIT.com Steven Marks, managing director at Fitch Ratings, joined REIT.com for a video interview at REITWeek2017: NAREIT’s Investor Forum at the New York Hilton Midtown. Marks commented on a recent report by Fitch into REITs’ bank borrowing exposure. Fitch looked at…

July 19, 2017

American Realty Capital Healthcare Trust III, Inc. Approves $17.64 NAV, Ceases Distributions

American Realty Capital Healthcare Trust III, Inc. Approves $17.64 NAV, Ceases Distributions July 19, 2017 | by James Sprow | Blue Vault The following is from an 8-K filed by the nontraded REIT on July 19, 2017: On July 18, 2017, the independent directors of the Board, who comprise a majority of the Board, with…

July 18, 2017

Carter Validus Mission Critical REIT II, Inc. Acquires Three Properties

Carter Validus Mission Critical REIT II, Inc. Acquires Three Properties July 19, 2017 | by James Sprow | Blue Vault Carter Validus Mission Critical REIT II, Inc., a non-traded real estate investment trust focused on assembling a portfolio of high-quality data center and healthcare real estate, acquired assets during the first half of 2017 for…

July 18, 2017

House committees ready two assaults on DOL fiduciary rule this week

House committees ready two assaults on DOL fiduciary rule this week One is a vote on a bill to kill Labor's rule and replace it with a disclosure-based best-interest standard, while another will take up legislation to prevent funding for enforcement of the regulation July 17, 2017 | by Mark Schoeff Jr. | InvestmentNews Two House panels…

July 18, 2017

Market slowdown: What to look for in a 1031 exchange later in the real estate cycle

Market slowdown: What to look for in a 1031 exchange later in the real estate cycle July 18, 2017 | by Michael Packman | nyrej.com While prices have remained high, we are definitely seeing signs of slowing in the market overall. As there always are, the first signs of topping process may already be showing. In…

July 18, 2017

FSI TESTIFIES AT HOUSE FINANCIAL SERVICES SUBCOMMITTEE HEARING ON DOL FIDUCIARY RULE

FSI TESTIFIES AT HOUSE FINANCIAL SERVICES SUBCOMMITTEE HEARING ON DOL FIDUCIARY RULE July 18, 2017 | Financial Securities Institute WASHINGTON, D.C. – Today, David Knoch, President of 1st Global, testified on behalf of the Financial Services Institute (FSI) before the House Financial Services Subcommittee on Capital Markets, Securities and Investment. Mr. Knoch is a member of…