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Apartment vacancies rise for first time in six years: Here's why

Apartment vacancies rise for first time in six years: Here's why

January 13, 2016

Diana Olick | @DianaOlick Monday, 11 Jan 2016 | 1:17 PM ET | CNBC Sky-high rents and falling vacancies have characterized the U.S. apartment market for the past six years, but that is suddenly changing. The share of apartments available for rent rose for the second straight quarter at the end of last year, the …

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REIT Industrial Property Trust Buys Industrial Portfolio in Phoenix for $38M

January 12, 2016

Posted on January 8, 2016 by Nellie Day | Rebusiness Online PHOENIX — REIT Industrial Property Trust has purchased a five-building industrial portfolio based in northwest Phoenix for $38 million. The transaction comprises the Lincoln Deer Valley and Lincoln Pinnacle Park assets. The Lincoln Deer Valley project is located at 21420 and 21430 N. 15th Lane in …

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W. P. Carey Inc.’s CPA:18 Global Acquires Industrial Site And Headquarters In Menomonee Falls, Wisconsin

January 11, 2016

Area Development News Desk (01/08/2016) | W.P. Carey Inc., a global net lease real estate investment trust specializing in corporate sale-leaseback and build-to-suit financing and the acquisition of single-tenant net lease properties, announced that CPA:18 – Global, one of its managed non-traded REITs, acquired a 550,000-square-foot corporate headquarters and industrial printing facility for approximately $23 million …

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Hartman Announces Regional Sales Director Appointment

January 11, 2016

January 08, 2016 5:10am |Benzinga |Houston, TX (PRWEB) Hartman Income REIT Management, Inc. is proud to announce the appointment of Travis Hamlin as its Regional Sales Director for its Western Region, where he will be responsible for sales of Hartman investment programs in all western states except California. Before joining Hartman, Mr. Hamlin served for …

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Q&C Hotel in downtown New Orleans sold for $51.2 million

January 11, 2016

ADVOCATE STAFF REPORT | Jan. 8, 2016; 4:14 p.m. | The Advocate The century-old Q&C Hotel in the Central Business District has been sold for $51.2 million. The 12-story, two-building hotel, located at 344 Camp St., was sold to Encore Hospitality LLC, a subsidiary of Texas-based Encore Enterprises Inc., in a joint venture with KBS Strategic …

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KBS Strategic acquires 2200 Paseo Verde

January 11, 2016

Nevada | 07 January 2016 | REIT Times KBS Strategic Opportunity REIT II has acquired 2200 Paseo Verde, a 59,818 square foot office property located in Henderson, Nevada, for $13.4 million. 2200 Paseo Verde is the only office property located at The District at Green Valley Ranch, a 450,00 square foot mixed use retail, office …

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Questions burn for shareholders after RCAP's demise

January 11, 2016

How could a seemingly vibrant company fall apart so quickly and wind up heading to bankruptcy? Jan 10, 2016 @ 12:01 am | Investment News By Bruce Kelly Nicholas Schorsch and his partners a year and a half ago grossed nearly $100 million by selling shares of RCS Capital Corp., the soon-to-be defunct brokerage holding …

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Strategic Storage Growth Trust, Inc. (SSGT) Acquires San Antonio Self Storage Facility for Approximately $12.3 Million

January 11, 2016

BY MARKETWIRED JANUARY 8, 2016 03:01 PM EST | SYS-CON MEDIA SAN ANTONIO, TX -- (Marketwired) -- 01/08/16 -- Strategic Storage Growth Trust, Inc. (SSGT), which is sponsored by SmartStop Asset Management, LLC, recently acquired a self storage facility for approximately $12.3 million. The facility consists of approximately 385 self-storage units and approximately 49,250 net …

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Finra Restitution to Investors Triples to $96.2 million in 2015

January 8, 2016

Though fines dropped last year, experts think the regulator's revised sanctions guidelines will mean an upward trend in penalties as well Jan 6, 2016 @ 1:55 pm By Mark Schoeff Jr. | Investment News Over the last year, Finra has become much more assertive in returning money to investors ripped off by brokerages. In 2015, the …

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And the new owners of Cetera Financial Group will be ...

January 8, 2016

Two private-equity firms and an asset manager have been identified as among the broker-dealer network's new ownership Jan 7, 2016 @ 11:57 am By Bruce Kelly | Investment News The eventual owners of Cetera Financial Group include some of the most prominent names in high-risk, private-equity finance, including Fortress Investment Group and Carlyle Investment Management, as …

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U.S. Apartment Rents Leap at Fastest Pace Since Crisis

January 8, 2016

Average rose 4.6% to nearly $1,180, Reis reports By LAURA KUSISTO | Wall Street Journal Updated Jan. 6, 2016 4:06 p.m. ET Apartment rents increased faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters. Average effective rents nationwide rose 4.6% in …

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Nontraded REIT Sponsors Changing Compensation for Advisors

January 8, 2016

New share class dubbed a “T share” cuts upfront commission brokers are paid but creates an annual trailing commission Nov 13, 2015 @ 4:54 pm By Bruce Kelly | Investment News New pricing rules that will make the true cost of alternative investments more transparent to investors is prompting nontraded REIT sponsors to change the way …

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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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Derek Hayes Analyst, Cambridge Investment Research Blue Vault's Services April 14, 2016