Asset Manager News & Perspectives
Strategic Storage Trust II to Buy 27 Property Portfolio for $371 Million April 5, 2016

Strategic Storage Trust II to Buy 27 Property Portfolio for $371 Million

Apr 04 2016 | by DI Wire Strategic Storage Trust II Inc., a publicly registered non-traded real estate investment trust, signed multiple agreements to purchase a portfolio of 27 properties for approximately $371 million, plus closing costs and acquisition fees. The portfolio consists of 22 self storage facilities (10 in Florida, 11 in North Carolina…
Lightstone Value Plus REIT III Buys Rhode Island Hotel for $12.4 Million April 1, 2016

Lightstone Value Plus REIT III Buys Rhode Island Hotel for $12.4 Million

Mar 31 2016 | by DI Wire Lightstone Value Plus Real Estate Investment Trust III, Inc., a publicly registered non-traded real estate investment trust, purchased a 92-room Courtyard by Marriott hotel in Warwick, Rhode Island for $12.4 million. The Courtyard - Warwick was built in 2003 and had substantial public area and guest room renovations…
Phillips Edison Grocery Center REIT II, Inc. Strengthens Portfolio with Strategic Acquisition April 1, 2016

Phillips Edison Grocery Center REIT II, Inc. Strengthens Portfolio with Strategic Acquisition

March 31, 2016 01:06 PM Eastern Daylight Time CINCINNATI--(BUSINESS WIRE)--Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced the strategic acquisitions of a grocery-anchored shopping center in Ohio. The Company acquired the 67,280 square-foot Lakewood City Center in Lakewood, Ohio, a suburb approximately six miles west of Cleveland. The shopping center is located…
Moody National REIT I Declares Value at $10.75 per Share April 1, 2016

Moody National REIT I Declares Value at $10.75 per Share

HOUSTON, March 31, 2016 /PRNewswire/ -- Moody National REIT I, Inc., ("REIT I") a publicly registered non-traded real estate investment trust, has announced that, on March 24, 2016, its board of directors determined the estimated value per share of the Company's stock was $10.75 per share as of December 31, 2015. This estimated value per…
Gregg A. Bresner to Join CION Investment Management, LLC as Chief Investment Officer March 31, 2016

Gregg A. Bresner to Join CION Investment Management, LLC as Chief Investment Officer

NEW YORK, NY (March 29, 2016) - CION Investment Management, LLC (“CION”), advisor to CION Investment Corp., a leading business development company (BDC) focused on financing middle-market companies, is pleased to announce the hiring of Gregg A. Bresner, CFA as Senior Managing Director and Chief Investment Officer. In this role, Mr. Bresner will oversee origination…
New York City REIT to Buy Midtown Manhattan Office Asset March 30, 2016

New York City REIT to Buy Midtown Manhattan Office Asset

March 25, 2016 | by Barbra Murray | Commercial Property Executive American Realty Capital NYC REIT will pay $180 million to acquire the Manhattan office asset from an affiliate of The Blackstone Group. New York—Slowly but surely, American Realty Capital New York City REIT Inc.’s portfolio is getting bigger and bigger. The public non-traded REIT will add…
Steadfast Apartment REIT Approves New Estimated Value of $14.46 Per Share March 30, 2016

Steadfast Apartment REIT Approves New Estimated Value of $14.46 Per Share

March 29, 2016 03:55 PM Eastern Daylight Time IRVINE, Calif.--(BUSINESS WIRE)--Steadfast Apartment REIT, Inc. (STAR) announced today the determination of an estimated value per share of the company’s common stock of $14.46 as of December 31, 2015. The estimated value per share was determined by STAR’s board of directors after independent, third-party firms conducted property-level…
Carter Validus Mission Critical REIT II Acquires Data Center Properties Totaling Over $24.2 Million March 30, 2016

Carter Validus Mission Critical REIT II Acquires Data Center Properties Totaling Over $24.2 Million

March 28, 2016 11:24 AM Eastern Daylight Time TAMPA, Fla.--(BUSINESS WIRE)--Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”) announced the acquisition of data center properties totaling approximately $24.2 million in aggregate purchase price. CVMC REIT II acquired the Alpharetta Data Center III property (“ADC III”) on February 2, 2016 for approximately $15,750,000. ADC…
Sierra Income Corporation Decrease in Public Offering Price March 30, 2016

Sierra Income Corporation Decrease in Public Offering Price

March 24, 2016 11:54 AM Eastern Daylight Time NEW YORK--(BUSINESS WIRE)--A committee of the board of directors (the “Board”) of Sierra Income Corporation (“SIC”) has approved a decrease in its public offering price from $9.10 per share to $9.00 per share. The decrease in SIC’s public offering price is effective as of SIC’s March 25,…

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