Asset Manager News & Perspectives

November 3, 2016

Griffin Capital Nabs 3M Distribution Center in DeKalb

Griffin Capital Nabs 3M Distribution Center in DeKalb October 28, 2016 | by Ioana Neamt | Commercial Property Executive The company paid $69.4 million to acquire the asset from Clayco and Venture One Real Estate. 3M Co. distribution center in Dekalb, Ill. Chicago—Griffin Capital Corp. recently shelled out $69.4 million to acquire the 3M Co. Distribution…

November 3, 2016

How the IPA can be a resource in a sea of change

How the IPA can be a resource in a sea of change November 1, 2016 | Liz Hester | Smart Brief Collaboration in dealing with complex challenges was a key theme of the “Fireside Chat with the IPA Chairmen” panel featuring Tom Sittema, CEO of CNL Financial Group and Mitchell Sabshon, president and CEO of Inland…

November 3, 2016

Corporate Capital Trust Closes to New Investors

Corporate Capital Trust Closes to New Investors Wednesday, November 2, 2016 6:24 PM UTC | EconoTimes Orlando, Fla., Nov. 02, 2016 -- Corporate Capital Trust announced that it successfully completed its common stock offering and closed to new investors after raising more than $3 billion in capital. Since its initial public offering began in April…

November 1, 2016

DOL releases first batch of FAQs on fiduciary rule

DOL releases first batch of FAQs on fiduciary rule Agency answers 34 adviser questions pertaining to the regulation's exemptions, including the best-interest contract exemption Oct 27, 2016 @ 12:48 pm | By Greg Iacurci | Investment News The Labor Department issued its first set of answers to frequently asked questions about the fiduciary rule Thursday. The FAQs,…

November 1, 2016

Andrew Baird, CPA, Joins Capital Square 1031 as Controller

Andrew Baird, CPA, Joins Capital Square 1031 as Controller October 31, 2016 13:23 ET | Source: Capital Square 1031, LLC RICHMOND, Va., Oct. 31, 2016 (GLOBE NEWSWIRE) -- Capital Square 1031, LLC, a leading sponsor of replacement property for Section 1031 exchanges, announced today that Andrew Baird, CPA, has joined the company as…

November 1, 2016

New Entrants in Field of Nontraded REITs

New Entrants in Field of Nontraded REITs October 31, 2016 | By Karina Estrella | Urban Land This article is republished with permission from REITCafe. According to The DI Wire, Cantor Fitzgerald is launching a $1 billion nontraded real estate investment trust (REIT) called Rodin Global Property Trust Inc. Rodin intends to focus investments to single-tenant, net-leased commercial properties…

November 1, 2016

Blackstone reaches another AUM record, net income up nearly 50% in quarter

Blackstone reaches another AUM record, net income up nearly 50% in quarter OCTOBER 27, 2016 1:07 PM | BY MEAGHAN KILROY | Pensions & Investments Blackstone Group's assets under management grew to a record $361 billion as of Sept. 30, up 1.3% from three months earlier and up 8.1% from 12 months earlier, said the firm's…

October 31, 2016

Carter Validus continues buying spree

Carter Validus continues buying spree October 28, 2016 | BY: KEVIN MCQUAID | Business Observer With a deal to acquire a California data center operated by AT&T, Carter Validus Mission Critical REIT II has pushed its total 2016 purchases above $350 million, records show. The Tampa-based real estate investment trust, which specializes in medical office buildings,…

October 31, 2016

InvenTrust Properties Corp. Launches Tender Offer for Up to $200 Million of its Common Stock

InvenTrust Properties Corp. Launches Tender Offer for Up to $200 Million of its Common Stock October 27, 2016 08:30 AM Eastern Daylight Time OAK BROOK, Ill.--(BUSINESS WIRE)--InvenTrust Properties Corp. (“InvenTrust” or the “Company”) announced today that it is commencing a modified “Dutch Auction” self-tender offer (the “Offer”) to purchase for cash up to $200 million…