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 …
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 …
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 …
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 …
BY SCOTT STODDARD, INVESTOR’S BUSINESS DAILY 12/11/2015 06:34 PM ET Investors are bidding up real estate investment trusts despite concerns about higher interest rates. The property REIT group has climbed 19 places over the past six weeks, to No. 40 out of 197 as of Friday’s IBD. Storage stocks have performed especially well, accounting for …
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 …
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 …
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 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 …
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 …
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 …
Dec 11, 2015 CNL Growth Properties Inc., a publicly registered non-traded public 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 …
12/3/2015 | By Sarah Borchersen-Keto See Video Here Justin Knight, president and CEO of Apple Hospitality REIT (NYSE: APLE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas. Apple targets the select-service, extended-stay segment of thelodging sector, with assets in urban, high‐end …
Diana Olick | @DianaOlick Wednesday, 9 Dec 2015 | 12:50 PM ET There are now 9 million more renters than there were just a decade ago, the biggest jump in renters on record, and they are paying more for rent than ever before. Of the nation’s now 43 million families and individuals who rent, 1 …
Dec 10 2015 CNL Lifestyle Properties Inc., a public registered non-traded real estate investment trust, authorized a $422.7 million, or $1.30 per share, special cash distribution. The distribution is payable to the company’s stockholders of as of the close of business on December 4th, and will be paid on or around December 10th. According to …
December 09, 2015 Behringer Harvard Opportunity REIT II Inc., a publicly registered non-traded real estate investment trust, authorized a $38.4 million, or $1.50 per share, special cash distribution. The special cash distribution is payable on January 5, 2016 to stockholders of record as of the close of business on December 31, 2015. “Once again, we …
11/30/2015 | By Sarah Borchersen-Keto David Toti, managing director and senior equity research analyst in the real estate group of BB&T Capital Markets, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas. Toti was asked whether interest rates will continue to be a key …
Natalie Johnson / @nataliejohnsonn / December 08, 2015 ‘You really can’t grasp just how bad it’s gotten’: Rep. Louie Gohmert, R-Texas, shows how a new Federal Footprint Map works during an event Monday at The Heritage Foundation. (Photo: Tom Williams/CQ Roll Call/Newscom) The federal government is looking to use the budget process to expand its …
DoubleLine CEO points to fragile economy, crumbling credit market as signs the time is not right for an increase Dec 9, 2015 @ 11:27 am By Bloomberg News (Bloomberg News) Jeffrey Gundlach, whose $51.3 billion DoubleLine Total Return Bond Fund has outperformed 99% of peers over the past five years, said the Federal Reserve may …
DECEMBER 7, 2015 Edward Weil resigns as the company, which owns Cetera Financial, continues to see its stock price and credit ratings drop By Janet Levaux Editor in Chief Research Magazine Think_JanetL Massachusetts’ regulators charged registered representatives of Realty Capital Securities — a broker-dealer that is part of RCAP — with impersonating shareholders and casting …
Source: Corporate Capital Trust December 08, 2015 15:30 ET — Offering to remain open to Registered Investment Advisors — Orlando, Fla., Dec. 08, 2015 (GLOBE NEWSWIRE) — Corporate Capital Trust announced that as of Jan. 29, 2016, investment in the common stock of the company will be closing to investors who purchase shares through the …
By RENU RANGELA on December 03 2015 7:23 PM Northstar has announced the completion of the acquisition of around 96 percent of Trilogy Investors through a joint venture with Griffin-American REIT III, Inc. While Northstar owns 30 percent of the joint venture, Griffin-American owns the remaining 70 percent. Trilogy’s management team, led by the company’s …
Dec 08 2015 Resource Real Estate Opportunity REIT II Inc., a publicly registered non-traded real estate investment trust, entered into agreements to purchase two multifamily communities for $131.9 million. The first potential acquisition is located in Boulder, Colorado and consists of 216 units located on approximately 24 acres with a swimming pool and business center. …
by David Michaels and Cheyenne Hopkins December 8, 2015 — 1:38 PM EST Wall Street may get one more shot to derail rules championed by the White House that would put tighter restrictions on brokers who advise Americans on saving for retirement. While financial firms trying to kill the regulations still face long odds, the industry’s new life …
Dec 07 2015 Industrial Property Trust Inc., a publicly registered non-traded real estate investment trust sponsored by Industrial Property Advisors Group LLC, signed an agreement to purchase the National Distribution Portfolio, comprised of seven industrial buildings totaling approximately 2.6 million square for $114.5 million, exclusive of closing costs. The sellers are unaffiliated with the company, …
The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.
Purchase Your Blue Vault Research Subscription
