Asset Manager News & Perspectives

March 23, 2016

Denver co. boosts Houston presence with massive industrial acquisition

Mar 22, 2016, 8:21am CDT | Laura Furr | Houston Business Journal A Denver-based company has purchased close to 200,000 square feet of industrial space in Houston as part of a larger deal spanning across Texas, Kentucky and Oklahoma. Industrial Property Trust purchased the building at 302 West Road, near the convergence of Beltway 8 and Interstate…

March 23, 2016

Carey Watermark Investors 2 Declares $10.53 NAV, Adjusts Share Prices

Mar 22 2016 | by DI Wire Carey Watermark Investors 2 Inc., a publicly registered non-traded real estate investment trust sponsored by WP Carey (NYSE: WPC), announced that its board of directors determined an estimated per share value of $10.53 for the company’s common stock, as of December 31, 2015. The NAV was calculated by…

March 22, 2016

Corporate Capital Trust Reports 2015 Results

Orlando, Fla., March 21, 2016 (GLOBE NEWSWIRE) -- Corporate Capital Trust (the “Company”), a business development company that provides individuals the opportunity to invest in the debt of privately owned American companies, announced its operating results for the year ended Dec. 31, 2015. Corporate Capital Trust will host its earnings call to discuss these results…

March 22, 2016

RCS Capital, Cetera and Lightyear reach settlement over executive poaching

Lightyear will not employ former executives from RCS and Cetera until September or until RCS bankruptcy plan is effective Mar 21, 2016 @ 12:12 pm | By Bruce Kelly | Investment News RCS Capital Corp. and its brokerage unit, Cetera Financial Group, have reached a settlement with Lightyear Capital in a dispute over Lightyear's poaching of Cetera's…

March 22, 2016

Lightstone Value Plus REIT III Buys Michigan Hotel for $10.5 Million

Mar 21 2016 | Article by: DI Wire Lightstone Value Plus REIT III, a publicly registered non-traded real estate investment trust, purchased the Hampton Inn – Lansing in Michigan for $10.5 million, or $122,000 per room. The 86-room select service hotel was built in 2013, and the company expects to invest $500,000 for renovations and…

March 22, 2016

KBS Realty Eyes Possible Liquidity Events for 2 Non-Traded REITs

KBS Realty Eyes Possible Liquidity Events for 2 Non-Traded REITs Monday, March 21, 2016 | Commercial Real Estate Direct KBS Realty Advisors has started an effort to provide shareholders in two of its non-traded REITs with a liquidity event. It has hired investment bank Evercore Group as financial adviser to help the special committees each…

March 18, 2016

GRIFFIN-BENEFIT STREET PARTNERS BDC CORP. ANNOUNCES: Suspension of Offering Pending Evaluation of Fund Structure Alternatives and Concurrent Suspension of Distribution Reinvestment Plan

March 16, 2016 12:57 ET | Source: Griffin Capital LOS ANGELES and NEW YORK, March 16, 2016 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Griffin-Benefit Street Partners BDC Corp. (“GB-BDC”) has determined it is in the best interest of GB-BDC and its stockholders to suspend the continuous public offering of GB-BDC’s common…

March 18, 2016

MacKenzie Offers $16.00 Per Share of ARC’s American Finance Trust

Mar 16 2016 | by DI Wire MacKenzie Realty Capital Inc., a non-traded business development company, made a tender offer for up to 150,000 shares of common stock in American Finance Trust Inc. for $16.00. The offer expires on April 29, 2016. American Finance Trust, a publicly registered non-traded real estate investment trust sponsored by…

March 16, 2016

ARC’s Retail Centers of America Declares $9.00 NAV Per Share

Mar 15 2016 | By DI Wire American Realty Capital — Retail Centers of America Inc., a publicly registered, non-traded real estate investment trust, announced that its board of directors approved an estimated net asset value of $9.00 per share of common stock. This is the first time that the board has determined an estimated…