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Griffin-American Healthcare REIT IV Initial Public Offering Declared Effective by the U.S. Securities and Exchange Commission 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…
American Realty Capital Hospitality Trust Acquires Six Hotels from Summit Hotel Properties for $108.3 Million 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 February 16, 2016

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…
Strategic Storage Growth Trust Buys Land in Canada, Signs $15.7 Million PSA in Florida February 16, 2016

Strategic Storage Growth Trust Buys Land in Canada, Signs $15.7 Million PSA in Florida

Strategic Storage Growth Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management, acquired vacant land that will be developed into a 780-unit self storage facility in Hamilton, Ontario. The 3.7-acre site will house a two-story storage facility totaling approximately 81,600 square feet. The building, which will offer interior loaded…
Kane Realty, KBS to Develop $100M High-Rise in Raleigh February 12, 2016

Kane Realty, KBS to Develop $100M High-Rise in Raleigh

Posted on February 11, 2016 | by John Nelson | Rebusiness Online Kane Realty Corp., a Raleigh-based commercial real estate developer, has joined with Newport Beach, Calif.-based KBS Realty Advisors as a joint venture partner for the development of Park Central in Raleigh. The development costs for the 16-story, mixed-use tower are estimated to total $100 million, according…
W. P. Carey REIT Affiliate Exceeds $300M in 2015 Self-Storage Transaction Volume February 12, 2016

W. P. Carey REIT Affiliate Exceeds $300M in 2015 Self-Storage Transaction Volume

February 9, 2016 | Inside Self-Storage CPA:18 – Global, a publicly held, non-traded real estate investment trust (REIT) managed by global net-lease REIT W. P. Carey Inc., achieved record transaction volume in 2015 of more than $300 million in acquisitions for its self-storage portfolio. Nearly half the volume was recorded in the last six months…
Phillips Edison Grocery Center REIT II, Inc. Strengthens Portfolio and Presence in Massachusetts and South Carolina with Two Strategic Acquisitions February 12, 2016

Phillips Edison Grocery Center REIT II, Inc. Strengthens Portfolio and Presence in Massachusetts and South Carolina with Two Strategic Acquisitions

February 10, 2016 | Business Wire Phillips Edison Grocery Center REIT II, Inc. (the “Company”) is pleased to announce it has strengthened its portfolio and presence in Massachusetts and South Carolina with two strategic acquisitions collectively comprising 146,472 square feet of prime retail space. In two separate transactions, the Company acquired Carriagetown Marketplace in Amesbury,…
Griffin Capital Essential Asset REIT II Acquires Toshiba Global Commerce Solutions Corporate Headquarters in Durham, North Carolina February 12, 2016

Griffin Capital Essential Asset REIT II Acquires Toshiba Global Commerce Solutions Corporate Headquarters in Durham, North Carolina

(GLOBE NEWSWIRE) -- Griffin Capital Corporation ("Griffin Capital") announced today, on behalf of Griffin Capital Essential Asset REIT II, Inc. (the “REIT”), the acquisition of the 200,846-square-foot Toshiba Global Commerce Solutions Corporate Headquarters (the “Property”) located in Durham, North Carolina. The four-story, Class A office building is leased in its entirety to Toshiba TEC Corporation…
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