Asset Manager News & Perspectives

November 3, 2016

Advisors Jittery As Election, DOL Rule Loom

Advisors Jittery As Election, DOL Rule Loom NOVEMBER 3, 2016 | CHRISTOPHER ROBBINS | Financial Advisor Keep the scented candles and antacids at hand. Financial advisors are feeling most anxious about political and regulatory developments, according to the third quarter Fidelity Advisor Investment Pulse study, which was released on Thursday. More than 28 percent of the…

November 3, 2016

Phillips Edison Grocery Center REIT I, Inc. Closes 7-Year, $255 Million Unsecured Term Loan Facility

Phillips Edison Grocery Center REIT I, Inc. Closes 7-Year, $255 Million Unsecured Term Loan Facility November 02, 2016 01:00 PM Eastern Daylight Time CINCINNATI--(BUSINESS WIRE)--Phillips Edison Grocery Center REIT I, Inc. (the “Company”) announced that it recently closed on a seven-year, $255 million unsecured term loan facility. Proceeds from the term loan were used to…

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…