Asset Manager News & Perspectives

March 23, 2017

Retail Closings and Impacts on Nontraded REITs

Retail Closings and Impacts on Nontraded REITs March 23, 2017 | by James Sprow | Blue Vault With the announcement by J.C. Penney Co. Inc. that 138 stores will be closed, all eyes are focused on retail and the sea-change that is occurring in the sector. How do retail store closings affect nontraded REITs? Interestingly,…

March 23, 2017

Banking Regulators Proposing Easing Restrictions on Smaller Institution CRE Lending

Banking Regulators Proposing Easing Restrictions on Smaller Institution CRE Lending March 23, 2017 | by James Sprow | Blue Vault Continuing their efforts to reduce regulatory burdens while ensuring the safety and soundness of the nation’s financial institutions, member agencies of the Federal Financial Institutions Examination Council (FFIEC) on March 21, issued a joint report…

March 23, 2017

Interval Funds are Having Their Moment

Interval Funds are Having Their Moment March 21, 2017 | Barron's Interval funds are proliferating as investors reach for yield, but the products have serious drawbacks, according to Morningstar. PIMCO last month launched an interval fund—PIMCO Flexible Credit Income—and registered to raise $1 billion in assets. In all, there are some 20 interval funds in…

March 21, 2017

Multifamily’s Lowest-Risk Markets, And Its Highest

Multifamily’s Lowest-Risk Markets, And Its Highest RICHARDSON, TX—The apartment market least likely to see a rent recession is not located in any of the Smile States, according to RealPage’s MPF Research. March 20, 2017 | by PAUL BUBNY | GlobeSt.com RICHARDSON, TX—For the nation’s least risky apartment market in terms of a rent recession, look outside the…

March 21, 2017

Price Growth on Commercial Assets Is Showing Signs of Petering Out

Price Growth on Commercial Assets Is Showing Signs of Petering Out March 19, 2017 | by NREI Staff | National Real Estate Investor Price increases for U.S. commercial real estate assets have started to moderate in recent months, perhaps as a result of the expectation of rising interest rates. The all-property CPPI put together monthly…

March 21, 2017

Cole Credit Property Trust IV Increases Credit Facility to $1.4 Billion

Cole Credit Property Trust IV Increases Credit Facility to $1.4 Billion March 21, 2017 | by James Sprow | Blue Vault On March 15, 2017, the Company entered into a second amended and restated credit agreement with a syndicate of lenders including JPMorgan Chase, US Bank and Wells Fargo. The Second Amended and Restated Credit Agreement…

March 21, 2017

University of California endowment doubles private equity in new asset allocation

University of California endowment doubles private equity in new asset allocation March 15, 2017 | by MEAGHAN KILROY | Pensions & Investments University of California Board of Regents' investment subcommittee approved on Tuesday changes to the long-term target asset allocation of its $10.3 billion endowment, which included a significant increase to private equity and reduction to public…

March 21, 2017

InvenTrust Properties Corp. Announces Increase in Annual Distribution Rate

InvenTrust Properties Corp. Announces Increase in Annual Distribution Rate March 21, 2017 | by James Sprow | Blue Vault InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that its Board of Directors has approved an approximately three percent increase to InvenTrust’s annual distribution rate, from $0.0675 per share of common stock to $0.0695 per…

March 20, 2017

Which Asset Class Is Outperforming Almost All Others?

Which Asset Class Is Outperforming Almost All Others? LADERA RANCH, CA—This property sector has become a better-known asset class that has recently attracted more capital, consequently driving up prices and causing cap rates to compress, SmartStop’s Michael McClure tells GlobeSt.com. March 15, 2017 | by CARRIE ROSSENFELD | GlobeSt.com LADERA RANCH, CA—The self-storage sector has become a…