Property Magazine International | Sherri W. Schugart has been appointed to Hines Executive Committee, which functions as a board of directors. Schugart is the Senior Managing Director/CEO of the Core Fund, REIT & BDC Group and currently serves as the President and CEO of all three of Hines’ public real estate companies (Hines REIT, Hines Global REIT…
Nontraded REIT
February 23, 2016
Steadfast Apartment REIT Buys Horseshoe Lake Apartments in Loveland
POSTED ON FEBRUARY 22, 2016 | BY NELLIE DAY | Rebusiness Online LOVELAND, COLO. — Steadfast Apartment REIT has acquired the 222-unit Horseshoe Lake in Loveland for an undisclosed sum. It is located at 341 Knobcone Drive. The community is situated an hour north of Denver near Colorado State University. Terrance Hunt, Shane Ozment, Doug Andrews and Jeff…
February 23, 2016
KBS REIT Signs 15,600 SF in Office Leases in Metro Dallas
Monday, February 22, 2016 | by Texas Real Estate Business | Harvard Companies KBS Strategic Opportunity REIT, a non-traded real estate investment trust based in Newport Beach, Calif., has signed three leasing deals at its Richardson Office Portfolio totaling 15,688 square feet. Shea & McMurdie Financial and Stuart Gurnea are new tenants occupying the properties, and…
February 23, 2016
FBI investigating United Development Funding
FBI investigating United Development Funding BY ARLEEN JACOBIUS | FEBRUARY 18, 2016 6:57 PM | UPDATED 1:09 PM | Pensions & Investments Agents from the Dallas office of the FBI conducted “law enforcement activity” at the offices of United Development Funding, a real estate company that operates traded and non-traded real estate investment trusts that…
Carey Watermark Investors Acquires The Equinox, A Luxury Collection Golf Resort & Spa
NEW YORK, Feb. 18, 2016 /PRNewswire/ -- Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired The Equinox Golf Resort & Spa, part of Starwood's The Luxury Collection brand. The expansive, historic resort is located on 1,300 acres between the Green and Taconic Mountains inManchester, Vermont, and includes 195 guestrooms, 18,500 square feet of…
February 19, 2016
Carey Watermark Investors Acquires Remaining Interest in Fairmont Sonoma Mission Inn & Spa
Brings ownership of AAA Four Diamond resort to 100 percent Feb 17, 2016, 07:30 ET from Carey Watermark Investors NEW YORK, Feb. 17, 2016 /PRNewswire/ -- Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired from Fairmont Hotels & Resorts the remaining 25 percent interest in the Fairmont Sonoma Mission Inn & Spa,…
February 18, 2016
Griffin-American Healthcare REIT IV Initial Public Offering Declared Effective by the U.S. Securities and Exchange Commission
IRVINE, Calif. (Feb. 17, 2016) – Griffin-American Healthcare REIT IV, Inc. today announced that its registration statement pertaining to an initial public offering of approximately $3.15 billion in common stock was declared effective by the Securities and Exchange Commission on Feb. 16, 2016. Griffin-American Healthcare REIT IV intends to qualify as a real estate investment…
February 17, 2016
American Realty Capital Hospitality Trust Acquires Six Hotels from Summit Hotel Properties for $108.3 Million
NEW YORK, Feb. 16, 2016 /PRNewswire/ -- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality" or the "Company") announced today that it has completed its previously announced acquisition of six hotels totaling 707 rooms for a purchase price of$108.3 million from Summit Hotel Properties, Inc. (NYSE: INN) ("Summit"), a publicly-traded hotel real estate investment trust. The…
KBS Strategic Opportunity REIT Inks 15,600 SF in Leases at Texas Office Campus
Feb 15 2016 | Article by: The DI Wire KBS Strategic Opportunity REIT, a publicly registered non-traded real estate investment trust, inked three leasing deals totaling 15,688 square feet at its Richardson Office Portfolio in the Dallas suburb of Richardson, Texas. Shea & McMurdie Financial and Stuart Gurnea are new tenants occupying the properties and Treliant…
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