Dec 15 2015 DI Wire The board of directors of American Realty Capital New York City REIT II Inc., a publicly registered non-traded real estate investment trust, terminated the company’s initial public offering, effective immediately, according to a filing with the Securities and Exchange Commission. In connection with the termination, the board intends to dissolve…
Asset Manager News & Perspectives
Office building sold to public REIT for $36M
Dec 14, 2015, 4:50pm EST The Bank of America Tower in downtown Boca Raton sold for $35.75 million HFF’s Hermen Rodriguez, Ike Ojala and Jorge Portela represented seller Clarion Partners, through affiliate 150 East Palmetto LLC, in the deal. The buyer was Dividend Capital Diversified Property Fund, a public REIT. The property totals 109,553 square…
Inland’s Mike Ezzell Discusses FINRA’s 15-02, the DOL Fiduciary Rule and a Changing DI Industry
The DI Wire recently caught up with Mike Ezzell, chief executive officer of Inland Securities Corporation, to discuss FINRA Regulatory Notice 15-02, the Department of Labor’s proposed fiduciary rule, and the overall state of the industry. The DI Wire: You recently attended the IPA Annual Conference. Can you share any news/updates with our readers from…
Inland Real Estate to be acquired in $2.3 billion deal
December 15, 2015 Inland Real Estate Corp. agreed to be bought in a deal worth about $2.3 billion. Oak Brook-based Inland, a public company, will become a privately held real estate investment trust after the acquisition by funds advised by DRA Advisors, an investment adviser. Inland's board “has been focused on the options available to…
Cantor Fitzgerald to hire nearly 30 RCS wholesalers
RCS was recently closed after paying Massachusetts $3 million to settle charges that it fraudulently rounded up proxy votes for real estate deals Dec 11, 2015 @ 11:36 am By Bruce Kelly Renowned bond shop Cantor Fitzgerald & Co. is muscling its way into the nontraded real estate investment trust business and is hiring up…
InvenTrust to Keep Focus on “Smile States”
Last Updated: December 11, 2015 InvenTrust to Keep Focus on “Smile States” By Brian J. Rogal | Chicago OAK BROOK, IL—The Oak Brook, IL-based form also outlines its “hub and spoke” strategy to acquire retail centers in much of the US. Rio Pinar Plaza in Orlando OAK BROOK, IL—InvenTrust Properties Corp. recently acquired a pair…
CNL Growth Properties Receives Two Unsolicited Tender Offers
CNL Growth Properties Inc., a publicly registered non-traded real estate investment trust, received two unsolicited tender offers from Everest REIT Investors I LLC and CMG Partners LLC. The REIT’s board of directors recommended that stockholders reject both offers. In a letter to shareholders, CNL Growth Properties said that Everest REIT Investors launched an unsolicited offer…
Cantor Fitzgerald to Hire Nearly 30 RCS Wholesalers
RCS was recently closed after paying Massachusetts $3 million to settle charges that it fraudulently rounded up proxy votes for real estate deals Dec 11, 2015 @ 11:36 am By Bruce Kelly Renowned bond shop Cantor Fitzgerald & Co. is muscling its way into the nontraded real estate investment trust business and is hiring up…
InvenTrust to Keep Focus on “Smile States”
Last Updated: December 11, 2015 InvenTrust to Keep Focus on “Smile States” By Brian J. Rogal | Chicago Rio Pinar Plaza in Orlando OAK BROOK, IL—InvenTrust Properties Corp. recently acquired a pair of open air retail centers in two of the top real estate markets in the US, but the deals reveal just one part…
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