Asset Manager News & Perspectives

May 13, 2016

Franklin Square Closes on over $370 Million of Q1 Private Deals

Alts leader exceeds $250 million mark in direct lending for 14th consecutive quarter 09:03 ET from Franklin Square Capital Partners | PR Newswire PHILADELPHIA, May 12, 2016 /PRNewswire/ -- Franklin Square Capital Partners (Franklin Square), a leading alternative investment manager, announced that its business development company (BDC) direct lending platform committed over $370 million to private deals…

May 13, 2016

LPL, Cambridge and others in ‘serious’ talks to buy Foothill Securities

"It's not a lot of fun to be a broker-dealer these days," says firm chairman John Burroughs May 10, 2016 @ 11:34 am | By Bruce Kelly | Investment News Foothill Securities Inc., an adviser-owned independent broker-dealer with 220 registered reps under its roof, is in “serious discussions” to be acquired by a larger firm, according to…

May 13, 2016

Strategic Storage Trust II, Inc. (SST II) Enters Sacramento Market; Acquires 530-Unit Self Storage Facility

Market Wired | May 11, 2016 12:25 ET Strategic Storage Trust II, Inc. (SST II) -- which is sponsored by SmartStop Asset Management, LLC -- recently purchased a self storage facility located in the Sacramento-Roseville Metropolitan Statistical Area (MSA). The five-building facility totals approximately 530 units and approximately 61,200 rentable square feet. "We are excited to…

May 11, 2016

Colony Capital in talks to merge with NorthStar Asset Management

BY ARLEEN JACOBIUS | MAY 9, 2016 4:25 PM | UPDATED 4:54 PM | Pensions & Investments Colony Capital, real estate money management firm NorthStar Asset Management Group and NorthStar's former parent NorthStar Realty Finance are in exclusive merger negotiations, said a joint statement. Colony and NorthStar Realty Finance are jointly proposing a tri-party all-stock…

May 6, 2016

Inland Real Estate Income Trust, Inc. Acquires the Grocery-Anchored Coastal North Town Center in North Myrtle Beach, South Carolina

April 28, 2016 03:00 PM Eastern Daylight Time OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Income Trust, Inc. (“Inland Income Trust”) announced today the acquisition of the 311,313-square-foot Coastal North Town Center in North Myrtle Beach, South Carolina, located approximately 123 miles north of Charleston. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, Inc.,…

May 6, 2016

Resource Real Estate Opportunity REIT II to Buy Portland Multifamily Property for $81.5 Million

May 03 2016 | DI Wire Resource Real Estate Opportunity REIT II, Inc., a publicly registered non-traded real estate investment trust, entered into an agreement to purchase a multifamily community in Portland, Oregon for approximately $81.5 million, excluding closing costs. The seller, Holland Breckenridge Apartment Homes LLC, is unaffiliated with the company. Breckenridge Apartments is…

May 4, 2016

Hartman XX Leases 26,169 Square Feet at One Technology Center

PRWeb | Saturday, April 30th 2016 Hartman Short Term Income Properties XX, Inc. (“Hartman XX” or the “Company”) a publicly registered, non-traded real estate investment trust, reports Galen Health Institutes has signed a lease for an additional 26,169 square feet of space at the Company’s One Technology Center located in San Antonio, TX. SAN ANTONIO, TX…

May 4, 2016

InvenTrust Properties Corp. Completes Spin-off of Highlands REIT, Inc.

Takes Next Step Toward Becoming a Pure-Play Retail REIT April 28, 2016 06:08 PM Eastern Daylight Time OAK BROOK, Ill.--(BUSINESS WIRE)--InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that it has successfully completed the spin-off of Highlands REIT, Inc. (“Highlands”) through the pro rata distribution of 100% of Highlands common stock to InvenTrust stockholders…

May 3, 2016

W. P. Carey REIT Affiliate Invests $70M in 6 New York Self-Storage Facilities

May 2, 2016 | Inside Self Storage CPA:17 – Global, a publicly held, non-traded real estate investment trust (REIT) managed by global net-lease REIT W. P. Carey Inc., recently acquired a stake in six Secure Self Storage facilities in New York. The REIT paid a total of $69.9 million in three separate deals for investments…