Asset Manager News & Perspectives

April 20, 2017

More Renters Expect To Keep On Renting

More Renters Expect To Keep On Renting MCLEAN, VA—That’s one of the conclusions to be drawn from Freddie Mac’s latest survey of apartment tenants. The GSE also expects multifamily loan volume to grow as much as 6% this year. April 11, 2017 | by PAUL BUBNY | GlobeSt.com MCLEAN, VA—Trading a rental for the dream of homeownership?…

April 18, 2017

Interval Funds are Proving a Hit With Advisors

Interval Funds are Proving a Hit With Advisors April 10, 2017 | by Murray Coleman | Financial Advisor IQ Bond fund manager Pimco has launched an interval fund that’s proving to be a hit with institutional fixed income investors. Categorized by regulators as a cousin to closed-end funds, the new offering has registered to raise $1 billion.…

April 18, 2017

Republican Tax Reform Plan Puts 1031 Exchanges On The Chopping Block

Republican Tax Reform Plan Puts 1031 Exchanges On The Chopping Block April 18, 2017 | by Travis Gonzalez | BizNow In June 2016, while Americans were focused on the presidential election, a Republican task force unveiled a 35-page blueprint for tax reform. Dubbed “A Better Way,” the reform attempts to overhaul tax policy and to…

April 18, 2017

Sierra Income Corporation Announces Q2 2017 Distributions

Sierra Income Corporation Announces Q2 2017 Distributions April 13, 2017 | by BUSINESS WIRE NEW YORK—(BUSINESS WIRE)—Sierra Income Corporation (“Sierra” or the “Company”) today announced that its Board of Directors declared a series of semi-monthly distributions for April, May and June 2017 of $0.02667 per share. Stockholders of record as of each respective record date will…

April 18, 2017

Dividend Capital DPF Appoints Dwight Merriman III as CEO

Dividend Capital DPF Appoints Dwight Merriman III as CEO April 19, 2017 | by James Sprow | Blue Vault The board of directors of Dividend Capital Diversified Property Fund Inc. appointed Dwight Merriman III to serve as Chief Executive Officer effective on April 13, 2017. The board also appointed Rajat Dhanda to serve as President…

April 18, 2017

Behringer Harvard Opportunity REIT I Agrees to Sell Frisco, Texas, Multifamily Community

Behringer Harvard Opportunity REIT I Agrees to Sell Frisco, Texas, Multifamily Community April 19, 2017 | by James Sprow | Blue Vault On April 10, 2017, Behringer Harvard Opportunity REIT I, Inc., through an indirect 90%-owned subsidiary, entered into an agreement to sell the 275-unit multifamily community in Frisco, Texas to an unaffiliated third party for a…

April 17, 2017

NorthStar Real Estate Income Trust Announces $9.92 NAV

NorthStar Real Estate Income Trust Announces $9.92 NAV April 18, 2017 | by James Sprow | Blue Vault On April 11, 2017, the board of directors of NorthStar Real Estate Income Trust (“NorthStar Income”), including all of its independent directors, approved and established an updated estimated value per share of NorthStar Income’s common stock of…

April 17, 2017

Sam Zell on why interest rates need a “shot clock”

Sam Zell on why interest rates need a “shot clock” April 6, 2017 | by E.B. Solomont | TheRealDeal From TRD New York: Sam Zell is tired of waiting for Godot. Raise those damn interest rates already, he says. “The kinds of interest rates we’ve had are like basketball without a shot clock,” the billionaire chairman of Equity…

April 17, 2017

Nontraded BDCs post a 12.95% total return for 2016, beating the S&P 500

Nontraded BDCs post a 12.95% total return for 2016, beating the S&P 500 April 17, 2017 | Blue Vault Nontraded BDCs have had one of the best years yet, even in the midst of sluggish capital raise. The average nontraded BDC total return in 2016 was 12.95%, with the highest performer producing a 28% gain.…