Posted on January 8, 2016 by Nellie Day | Rebusiness Online PHOENIX — REIT Industrial Property Trust has purchased a five-building industrial portfolio based in northwest Phoenix for $38 million. The transaction comprises the Lincoln Deer Valley and Lincoln Pinnacle Park assets. The Lincoln Deer Valley project is located at 21420 and 21430 N. 15th Lane in…
Asset Manager News & Perspectives
W. P. Carey Inc.’s CPA:18 Global Acquires Industrial Site And Headquarters In Menomonee Falls, Wisconsin
Area Development News Desk (01/08/2016) | W.P. Carey Inc., a global net lease real estate investment trust specializing in corporate sale-leaseback and build-to-suit financing and the acquisition of single-tenant net lease properties, announced that CPA:18 – Global, one of its managed non-traded REITs, acquired a 550,000-square-foot corporate headquarters and industrial printing facility for approximately $23 million…
Hartman Announces Regional Sales Director Appointment
January 08, 2016 5:10am |Benzinga |Houston, TX (PRWEB) Hartman Income REIT Management, Inc. is proud to announce the appointment of Travis Hamlin as its Regional Sales Director for its Western Region, where he will be responsible for sales of Hartman investment programs in all western states except California. Before joining Hartman, Mr. Hamlin served for…
Q&C Hotel in downtown New Orleans sold for $51.2 million
ADVOCATE STAFF REPORT | Jan. 8, 2016; 4:14 p.m. | The Advocate The century-old Q&C Hotel in the Central Business District has been sold for $51.2 million. The 12-story, two-building hotel, located at 344 Camp St., was sold to Encore Hospitality LLC, a subsidiary of Texas-based Encore Enterprises Inc., in a joint venture with KBS Strategic…
KBS Strategic acquires 2200 Paseo Verde
Nevada | 07 January 2016 | REIT Times KBS Strategic Opportunity REIT II has acquired 2200 Paseo Verde, a 59,818 square foot office property located in Henderson, Nevada, for $13.4 million. 2200 Paseo Verde is the only office property located at The District at Green Valley Ranch, a 450,00 square foot mixed use retail, office…
Questions burn for shareholders after RCAP’s demise
How could a seemingly vibrant company fall apart so quickly and wind up heading to bankruptcy? Jan 10, 2016 @ 12:01 am | Investment News By Bruce Kelly Nicholas Schorsch and his partners a year and a half ago grossed nearly $100 million by selling shares of RCS Capital Corp., the soon-to-be defunct brokerage holding…
Strategic Storage Growth Trust, Inc. (SSGT) Acquires San Antonio Self Storage Facility for Approximately $12.3 Million
BY MARKETWIRED JANUARY 8, 2016 03:01 PM EST | SYS-CON MEDIA SAN ANTONIO, TX -- (Marketwired) -- 01/08/16 -- Strategic Storage Growth Trust, Inc. (SSGT), which is sponsored by SmartStop Asset Management, LLC, recently acquired a self storage facility for approximately $12.3 million. The facility consists of approximately 385 self-storage units and approximately 49,250 net…
Extra Space Storage Inc. Closes Acquisition Of SmartStop Self Storage, Inc. Including A Store Location In Manassas
Provided by Extra Space Storage Extra Space Storage Inc. (“Extra Space”), a leading owner and operator of self-storage properties, announced today it has completed its acquisition of SmartStop Self Storage, Inc. (SmartStop), a public, non-traded real estate investment trust (REIT). SmartStop stockholders approved the transaction at their shareholder meeting held on September 29, 2015. Stockholders received $13.75 per share…
FS Investment Corporation IV Commences Operations
Represents fourth generation of Franklin Square's family of core income-generating BDCs BY PR NEWSWIRE JANUARY 6, 2016 04:45 PM EST | Sys-Con Media PHILADELPHIA, Jan. 6, 2016 /PRNewswire/ -- FS Investment Corporation IV (FSIC IV), a new business development company sponsored by Franklin Square Capital Partners (Franklin Square), has satisfied its minimum offering requirement, admitted its…
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