Asset Manager News & Perspectives

March 2, 2016

Real estate trust buys Trader Joe’s shopping center in Templeton

Posted: 6:06 am, March 1, 2016 | by News Staff | Paso Robles Daily News Company owns and manages 64 grocery-anchored shopping centers –Phillips Edison Grocery Center REIT II, Inc. had announced it has acquired the 21,117 square-foot Vineyard Center in Templeton. Vineyard Center is anchored by the only Trader Joe’s between Templeton and Monterey. Vineyard Center…

March 2, 2016

CNL Healthcare Properties Earns Top Honor

Monday, February 29, 2016 5:37 PM UTC | EconoTimes CNL Healthcare Properties, a real estate investment trust (REIT) focused on seniors housing and healthcare facilities, has been named Wealth & Finance International’s Healthcare Real Estate Manager of the Year for 2015. Each year, Wealth & Finance International, a publication that provides industry news to fund…

March 2, 2016

Carter Validus Appoints Jon Sajeski as Vice President of Healthcare Acquisitions

February 29, 2016 12:42 PM Eastern Standard Time TAMPA, Fla.--(BUSINESS WIRE)--Carter Validus Advisors II, LLC (“Carter Validus”), the external advisor to Carter Validus Mission Critical REIT II, Inc. (“CVMCR II”), is proud to announce that Jon Sajeski has joined Carter Validus as Vice President of Healthcare Acquisitions. In this role, Jon will focus on growing…

March 1, 2016

What’s Delaying the Sale of 14 Ski Areas Worth Hundreds of Millions?

CNL Lifestyle Properties has been trying to find buyers since March 2015 BY MICHAEL SCHRANTZ | FEB 26, 2016, 9:51A | Curbed Ski When CNL Lifestyle Properties announced it was putting its entire portfolio of mountain properties— including 15 ski resorts, a sightseeing tram and multiple ski area villages — up for sale, it was heralded as…

March 1, 2016

RCAP and Cetera sue Lightyear for poaching executives

Suit charges defendant is helping execs break non-compete agreements and then hiring them Feb 26, 2016 @ 12:33 pm | By Bruce Kelly | Investment News RCS Capital Corp. and its brokerage unit, Cetera Financial Group, are suing Lightyear Capital for raiding Cetera's executive ranks and potentially harming its future prospects. Lightyear and a Canadian pension fund,…

March 1, 2016

Resource Real Estate Opportunity REIT Announces Sale of Ivy at Clear Creek

-Sale of Houston property earns REIT a 29.7% average annual return- February 25, 2016 10:00 AM Eastern Standard Time PHILADELPHIA--(BUSINESS WIRE)--Resource Real Estate Opportunity REIT, Inc. (“Opportunity REIT”), a non-traded real estate investment trust sponsored by Resource Real Estate, Inc. (“Resource Real Estate” or “RRE”), today announced the sale of Ivy at Clear Creek (“Ivy”).…

March 1, 2016

MVP REIT to Buy Connecticut Parking Garage for $7.8 Million

Feb 25 2016 | By DI Wire MVP REIT Inc., a publicly registered non-traded real estate investment trust, entered into an agreement to purchase a parking garage in Bridgeport, Connecticut from Fairfield Avenue Parking Corporation for $7.8 million, plus closing costs. The property is a multi-level parking garage consisting of approximately 878 parking spaces, together…

February 25, 2016

Hines Global REIT Declares $10.24 NAV

Feb 24 2016 | DI Wire Hines Global REIT Inc., a non-traded real estate investment trust, announced that its board of directors determined a new estimated per share net asset value of $10.24 for the company’s common stock, as of December 31, 2015. This new estimated per share NAV represents an 8 percent increase over…

February 25, 2016

North Charleston retail outparcels near Wal-Mart change hands

Feb 24 2016 1:47 pm | By John McDermott | The Post and Courier An Ohio company that bought the Wal-Mart-anchored North Pointe Plaza in North Charleston last year has purchased the adjacent outparcels. Phillips Edison Grocery Center REIT II Inc. paid $4.9 million this month for the properties occupied by retailers AC Moore and Dollar Tree…