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Extra Space Storage Inc. Closes Acquisition Of SmartStop Self Storage, Inc. Including A Store Location In Manassas

Extra Space Storage Inc. Closes Acquisition Of SmartStop Self Storage, Inc. Including A Store Location In Manassas

January 8, 2016

Provided by Extra Space Storage Extra Space Storage Inc. (“Extra Space”), a leading owner and operator of self-storage properties, announced today it has completed its acquisition of SmartStop Self Storage, Inc. (SmartStop), a public, non-traded real estate investment trust (REIT). SmartStop stockholders approved the transaction at their shareholder meeting held on September 29, 2015. Stockholders received $13.75 per share …

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FS Investment Corporation IV Commences Operations

January 8, 2016

Represents fourth generation of Franklin Square's family of core income-generating BDCs BY PR NEWSWIRE JANUARY 6, 2016 04:45 PM EST | Sys-Con Media PHILADELPHIA, Jan. 6, 2016 /PRNewswire/ -- FS Investment Corporation IV (FSIC IV), a new business development company sponsored by Franklin Square Capital Partners (Franklin Square), has satisfied its minimum offering requirement, admitted its …

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JLL Income Property Trust Closes Venture Investment in 15 Property Portfolio of New York City Retail Properties

January 8, 2016

SOURCE: JLL Income Property Trust January 05, 2016 11:26 ET | Market Wired CHICAGO, IL--(Marketwired - Jan 5, 2016) - JLL Income Property Trust, an institutionally-managed, non-listed, daily valued perpetual life REIT (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX) (NASDAQ: ZIPIAX) (NASDAQ: ZIPIMX), today announced it recently acquired an approximate 14% interest in a portfolio of 15 urban …

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FINRA to Focus on Supervision, Conflicts of Interest in 2016

January 6, 2016

A letter from the U.S. self-regulatory organization highlights areas of concern By James Langton | January 05, 2016 11:30 | Investment Executive The Washington, D.C.-based Financial Industry Regulatory Authority (FINRA) on Tuesday released its 2016 Regulatory and Examination Priorities letter highlighting three broad issues: supervision; risk management and controls; and liquidity. The letter also emphasizes firm …

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In 2016, Foreign Real Estate Investors Plan Continued US Investment

January 6, 2016

New York Continues to Outrank London Among Top Global Cities; Berlin Joins the Leaders WASHINGTON, Jan. 4, 2016 /PRNewswire/ -- Despite moderate concerns about the impact of higher interest rates, 64% of respondents to the 24th annual survey taken among the members of the Association of Foreign Investors in Real Estate (AFIRE) and released today say …

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Inland Executive Says Multifamily Demand Bolstering Latest REIT

January 6, 2016

1/4/2016 | By Sarah Borchersen-Keto JoAnn McGuinness, executive vice president of Inland Real Estate Investment Corp., a sponsor of non-listed REITs and private partnerships, has worked with each of the seven REITs sponsored by Inland during her 23-year tenure with the company. As the company embarks on its newest REIT, Inland Residential Properties Trust, Inc., …

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InvenTrust to Exit Student Housing

January 6, 2016

Last Updated: January 4, 2016 12:08pm ET By Paul Bubny OAK BROOK, IL—InvenTrust Properties Corp. is selling off its student housing platform in order to become a pure-play multi-tenant retail REIT. Known as University House Community Group Inc., the platform is trading to a partnership of Canada Pension Plan Investment Board, GIC Pte. Ltd. and …

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Steadfast Apartment REIT Buys Stoneridge Farms in Nashville for $47.8 Million

January 6, 2016

Steadfast Apartment REIT, a publicly registered non-traded real estate investment trust, purchased Stoneridge Farms, a 336-unit apartment community in Nashville’s Smyrna submarket for $47.75 million—bringing its total acquisition activity to $1.2 billion. The REIT now owns 617 units in the state of Tennessee, for a total of 9,858 units in 11 states. Constructed in 2005, …

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RCAP Evaluating Docupace'sRole Amid Bankruptcy Filing

January 6, 2016

Docupace's paperless management system is widely used by Cetera, other firms Jan 5, 2016 @ 1:43 pm By Alessandra Malito While soon-to-be bankrupt RCS Capital Corp. considers what to do with its majority stake in Docupace, experts say the paperless processing system used by thousands of advisers is unlikely to go away anytime soon. RCAP …

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Cetera Team Jumps Ship

January 6, 2016

Global Wealth Partners, with $400M in assets, joins DFPG Investments Inc., a boutique firm that specializes in real estate Jan 5, 2016 @ 4:21 pm By Christine Idzelis Global Wealth Partners, a $400 million asset firm that was an affiliate of First Allied Securities, one of the 10 broker-dealers in the Cetera Financial Group network, …

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Griffin Capital Essential Asset REIT Acquires Three-Property Portfolio

January 4, 2016

December 28, 2015 16:04 ET | Source: Griffin Capital EL SEGUNDO, Calif., Dec. 28, 2015 (GLOBE NEWSWIRE) -- Griffin Capital Corporation (“Griffin Capital”) announced today, on behalf of Griffin Capital Essential Asset REIT, Inc. (the “REIT”), the acquisition of a three-property portfolio from Global Income Trust, Inc. (the “Seller”), a public, non-traded REIT sponsored by …

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Upscale Mexican Eatery Plans Summer Opening

January 4, 2016

Dec 29, 2015, 12:57pm EST Emon Reiser Reporter South Florida Business Journal Besito Mexican, an upscale chain with high ratings from The New York Times toZagat, is slated to open in Boca Raton this summer. Hugh Connerty, CEO of the authentic Mexican eatery, told the South Florida Business Journal construction will begin shortly on the restaurant's …

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NorthStar Healthcare Completes $1.8 Billion Capital Raise

January 4, 2016

December 29, 2015 by Amy Baxter Coming off a year chock full of blockbuster acquisitions, one of the nation’s largest alternative investment sponsors and asset management firms has reached its capital raising goal for its senior housing real estate investment trust (REIT). NorthStar Healthcare Income, a non-traded publicly registered REIT that primarily invests in senior …

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MVP REIT II, Inc. Breaks Escrow

January 4, 2016

December 30, 2015 18:28 ET | Source: MVP REIT II MVP REIT II has met its minimum offering of $2 million in subscriptions SAN DIEGO, Dec. 30, 2015 (GLOBE NEWSWIRE) -- MVP REIT II, Inc. (“MVP REIT II”) announced today that the real estate investment trust fulfilled its minimum offering of $2 million in subscriptions …

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RREEF Property Trust Expands Property Portfolio into the Washington DC Metropolitan Area with Purchase of Class-A Office Property

January 4, 2016

RREEF Property Trust | December 23, 2015 9:33 AM NEW YORK--(BUSINESS WIRE)-- RREEF Property Trust, Inc. (ZRPTAX, ZRPTBX) today announced the acquisition of Loudoun Gateway I, an institutional-quality Class-A, 102,015 square-foot office building in Sterling, VA, for $21.95 million. This is RREEF Property Trust’s first acquisition in the Washington, DC metropolitan area and increases the fund’s …

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RCAP Files for Bankruptcy; Cetera to Emerge as Independent Company

January 4, 2016

Shareholders will be wiped out, while bond holders will own broker-dealer Jan 4, 2016 @ 3:47 pm By Bruce Kelly Reeling under hundreds of millions of dollars in debt, RCS Capital Corp. said on Monday it planned to file for Chapter 11 bankruptcy protection by the end of the month as part of a broad …

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Steadfast Apartment REIT Buys Apartment Community in Metro Atlanta for $51.4M

December 19, 2015

POSTED ON DECEMBER 16, 2015 BY JOHN NELSON IN GEORGIA, MULTIFAMILY, SOUTHEAST | ReBusiness Online SMYRNA, GA. — Steadfast Apartment REIT has acquired Park Valley Apartments, a 496-unit, Class B multifamily community in the Atlanta suburb of Smyrna, for $51.4 million. Built in 1987, the apartment property features studio, one- and two-bedroom residences that range from …

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As DOL fiduciary clears latest hurdle, advisers expect changes will be made

December 18, 2015

Both proponents and opponents predict more tweaks under way as proposal moves forward Dec 16, 2015 @ 1:54 pm By Alessandra Malito | Investment News Fiduciary standard proponents praised Congress for keeping the lights on for the Department of Labor's fiduciary standard proposal. The rule, which would require all advisers to act in the best interest …

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LA group pays $48M for Samsonite warehouse

December 18, 2015

Tuesday, December 15, 8:59 AM EST By Karen Brune Mathis, Managing Editor | Financial News and Daily Record Griffin Capital Corp. of California paid $48 million Friday for an Imeson International Industrial Park mega warehouse leased by luggage company Samsonite LLC. Griffin Capital, through The GC Net Lease (Jacksonville) Investors LLC, bought the Samsonite distribution …

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Boca bank tower trades for nearly $36M

December 18, 2015

Bank of America Tower is 87 percent occupied December 15, 2015 12:30PM | The Real Deal A New York investment company just sold the Bank of America Tower in Boca Raton to a public trust for $35.75 million. The eight-story building is located at 150 East Palmetto Park Road in downtown Boca Raton. It was sold …

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Massive spending bill fails to stop DOL fiduciary rule, clearing major hurdle

December 18, 2015

In a victory for proponents of the rule, legislators' policy riders that would have prevented or delayed the regulation did not make it into the must-pass measure Dec 16, 2015 @ 7:56 am By Mark Schoeff Jr. | Investment News A massive spending bill that will keep the government operating until next fall does not contain …

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AR Capital New York City REIT II Terminates IPO

December 16, 2015

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 …

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Interest Rates, Cap Rates Don’t Move in Lockstep

December 16, 2015

Last Updated: December 15, 2015 By Paul Bubny | National | Globe St NEW YORK CITY—The monthly meeting of the Federal Open Market Committee that gets underway on Tuesday is expected to begin the long-awaited, long-delayed process of normalizing interest rates. With the prospect of near-term action by the Federal Reserve, “real estate investors are …

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Office building sold to public REIT for $36M

December 16, 2015

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 …

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Gil Armour, CFP
February 3, 2016
    

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.