Asset Manager News & Perspectives
Strategic Storage Growth Trust, Inc. (SSGT) Acquires Industrial Facility in Canada for Development Opportunity May 24, 2016

Strategic Storage Growth Trust, Inc. (SSGT) Acquires Industrial Facility in Canada for Development Opportunity

May 20, 2016 17:39 ET | Strategic Storage Growth Trust This Project Will Be SSGT's Second Development in Canada TORONTO, ON--(Marketwired - May 20, 2016) - Strategic Storage Growth Trust, Inc. (SSGT), which is sponsored by SmartStop Asset Management, LLC, recently acquired an industrial facility in Ontario, Canada, for a development opportunity. The development effort is…
Colorado company buys I-78 warehouse for $27.5 million May 24, 2016

Colorado company buys I-78 warehouse for $27.5 million

May 23, 2016 | By The Morning Call Staff | The Morning Call WEISENBERG TOWNSHIP — A prominent warehouse facility off Interstate 78 in Lehigh County has changed ownership. Industrial Property Trust Inc. of Denver has acquired 9747 Commerce Circle in Weisenberg Township, according to the company's Securities and Exchange Commissionfiling. Industrial Property purchased the property…
RCS Capital, parent of Cetera, has bankruptcy plan confirmed May 24, 2016

RCS Capital, parent of Cetera, has bankruptcy plan confirmed

May 19 2016, 3:51pm EDT | By Ann Marsh | Financial Planning A federal judge has confirmed the bankruptcy plan for RCS Capital, Cetera Financial Group’s parent, clearing the way for RCS to emerge from Chapter 11 bankruptcy protection in the near future. "All requirements for confirmation of the plan have been satisfied," Judge Mary Walrath of…
Ritz-Carlton Philadelphia changes owner May 24, 2016

Ritz-Carlton Philadelphia changes owner

May 19, 2015 Carey Watermark Investors Incorporated (CWI) announced that it has acquired a majority interest in the 299-room Ritz-Carlton Philadelphia (The Ritz-Carlton) in a joint venture with Philadelphia Hospitality Partners, LP, the owner of the property. Historic property in premier Center City, Philadelphia location: Originally built between 1904 and 1908 as The Girard Trust…
Troubled Texas REIT claims no fraud after internal investigation May 20, 2016

Troubled Texas REIT claims no fraud after internal investigation

UDF IV, a target of Kyle Bass, says it is not operating a Ponzi scheme May 18, 2016 @ 10:43 am | By Bruce Kelly | Investment News UDF IV, a troubled real estate investment trust that had its shares stop trading in February after its offices were raided by the FBI, said on Tuesday that it…
Phillips Edison Grocery Center REIT II, Inc. Acquires Three Grocery-Anchored Shopping Centers in Three States May 20, 2016

Phillips Edison Grocery Center REIT II, Inc. Acquires Three Grocery-Anchored Shopping Centers in Three States

May 18, 2016 10:06 AM Eastern Daylight Time CINCINNATI--(BUSINESS WIRE)--Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced the strategic acquisition of three grocery-anchored shopping centers, expanding the Company’s portfolio in Texas, California and Georgia. Stone Gate Plaza is a 90,643 square foot grocery store-anchored shopping center in Crowley, Texas, a suburb 15…
Griffin Capital Essential Asset REIT II Acquires NETGEAR Headquarters in San Jose, California May 20, 2016

Griffin Capital Essential Asset REIT II Acquires NETGEAR Headquarters in San Jose, California

May 19, 2016 16:28 ET | Source: Griffin Capital photo-release EL SEGUNDO, Calif., May 19, 2016 (GLOBE NEWSWIRE) -- Griffin Capital Corporation (“Griffin Capital”) announced today, on behalf of Griffin Capital Essential Asset REIT II, Inc. (the “REIT”), the acquisition of a 142,700 square-foot office and R&D facility fully leased to NETGEAR, Inc. (“NETGEAR”) (NASDAQ:NTGR)…
Houston real estate firm buys Memorial-area apartments to develop mixed-use project May 18, 2016

Houston real estate firm buys Memorial-area apartments to develop mixed-use project

May 17, 2016, 8:08am CDT | Houston Business Journal A Houston-based real estate investment firm bought a multifamily property in the Memorial City area with plans to eventually develop a mixed-use project on the site. Moody National Cos. bought the 164-unit Le Renaissance apartment community from Texas Pinnacle Apartments for an undisclosed price, according toTranswestern’s…
Nontraded REIT company Cole Capital on the mend May 18, 2016

Nontraded REIT company Cole Capital on the mend

Sales at the once-tarnished company are up fourfold this year May 17, 2016 @ 1:35 pm | By Bruce Kelly | Investment News After a disastrous 2015, Cole Capital Corp. has rebounded strongly in a tough market environment and seen more than a fourfold increase in sales of nontraded real estate investment trusts over the first four…

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