Carey Watermark Investors, a publicly registered non-traded real estate investment trust sponsored by W.P. Carey (NYSE: WPC), purchased Le Meridien Dallas, The Stoneleigh, a historic hotel in the Uptown Dallas district. Originally built in 1923, Le Meridien Dallas, The Stoneleigh is an iconic, AAA Four Diamond Art Deco hotel that is listed on the National…
Asset Manager News & Perspectives
Strategic Storage REITs Ink $51 Million Deal
Strategic Storage Growth Trust and Strategic Storage Trust II, two publicly registered non-traded real estate investment trusts sponsored by SmartStop Self Storage Inc., agreed to purchase the Storage Spot Portfolio, which consists of four self storage facilities in Toronto, Canada, for $51 million. Located in the Stoney Creek, Oakville, Burlington and Milton areas of Toronto,…
AR Capital Halts Fundraising for Senior Housing REIT
November 19, 2015 by Amy Baxter Times have certainly changed for AR Capital LLC (ARC) since the $2.6 billion sale of ARC Healthcare REIT to Ventas Inc. (NYSE: VTR) last year. ARC, one of the largest sponsors of non-traded real estate investment trusts (REITs), has announced it will suspend new capital fundraising by the end…
AR Capital Suspends Capital Raising, Putting $2.3 Billion of Properties in Limbo
Fundraising To Be Cut Off for Trio of Non-Traded REITs With About $550 Million in Pending Acquisitions By Mark Heschmeyer | CoStar November 18, 2015 Alternative asset manager AR Capital LLC, one of the largest sponsors of non-traded REITs that has raised nearly $19 billion through more than a dozen such investment entities, announced this…
November 20, 2015
Franklin Square Finances Acquisition of Justrite Manufacturing
PHILADELPHIA, Nov. 18, 2015 /PRNewswire/ -- Franklin Square Capital Partners, the largest manager of business development companies (BDCs), announced the origination of a new senior secured loan and equity co-investment to help finance the acquisition by Audax Private Equity (Audax), a leading private equity investment firm, of Justrite Manufacturing Co., LLC (together with related vehicles,…
November 20, 2015
Moody National REIT II Declares Share Value of $25.03
Moody National REIT II Inc., a publicly registered non-traded real estate investment trust, announced that its board of directors determined an estimated value per share of $25.03 for the company’s common stock, as of October 31, 2015. “In an effort to provide transparency for investors, we elected to value our shares. We are pleased that…
November 20, 2015
Phillips Edison Grocery Center REIT II, Inc. Acquires Two Grocery-Anchored Shopping Centers
Phillips Edison Grocery Center REIT II has acquired two grocery-anchored shopping centres, expanding the Company's portfolio in Arizona and Florida. 51st and Olive Square is an 88,225 square foot grocery store-anchored shopping centre in Glendale, Arizona, a northwest suburb of Phoenix. The center is anchored by Fry's Food and Drug grocery store, the number one…
September 9, 2015
Inland Residential Properties Trust, Inc. Satisfies Escrow Requirements
Inland Residential Properties Trust, Inc. Satisfies Escrow Requirements OAK BROOK, Ill.--(Business Wire)--Inland Residential Properties Trust, Inc. (“Inland Residential Trust”), a non-listed real estate investment trust (“REIT”) sponsored by Inland Real Estate Investment Corporation, announced today that it has satisfied its minimum offering requirement in 46 states. Furthermore, Inland Real Estate Investment Corporation invested $2 million…
September 9, 2015
KBS Eyes Raising $105Mln for Private REIT
Friday, 04 September 2015 Commercial Real Estate Direct Staff Report KBS Realty Advisors, an investment manager with a substantial presence in the non-traded REIT business, is aiming to raise $105 million for KBS Growth & Income REIT Inc. The Newport Beach, Calif., company is raising the capital through its KBS Capital Markets Group affiliate, which…
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