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Prospect Capital Corporation Extends and Increases Revolving Credit Facility to Over $2.1 Billion of Aggregate Commitments
Prospect Capital Corporation (NASDAQ: PSEC) has extended its revolving credit facility commitments to $2.1215 billion from 48 banks, with an accordion feature allowing for a potential increase to $2.25 billion, supporting its investment and financing needs.
Madison Capital Group Secures $17 Million Construction Loan for The James, an 86-Unit Luxury Community in Charlottesville
Madison Capital Group has obtained a $17 million loan from Longline Holdings to construct The James, an 86-unit luxury apartment community in Charlottesville, VA, strategically located near key employment hubs and amenities.
Bluerock Value Exchange Launches $31.6 Million Diversified Industrial Portfolio IV DST
Bluerock Value Exchange launches BR Diversified Industrial Portfolio IV, DST, seeking $31.6 million for three leased industrial properties in South Carolina and Tennessee, focusing on stable cash flow and capital appreciation.
Inside the V(ALT), with Warren Thomas
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Stacy Chitty: Why Blue Vault was Founded
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Cantor Fitzgerald Announces the Sale of 865 Bellevue Apartments in Nashville, Tennessee
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More articles…
Which first-time nontraded REIT sponsors have filed public offerings in the last six months?
Answer: FS Investments; Nuveen, LLC; Oaktree Capital Management, L.P.; and Starwood Capital Group Holdings, L.P.
American Finance Trust Offers Self Tender in Defensive Move
On April 30, 2018, American Finance Trust commenced a self-tender offer for up to 1 million shares in response to other potential bidders, including most recently MacKenzie Capital Management.
REFILE-REITs outperform broader market in rising rate environment
Rising interest rates this year are helping property-linked stocks outperform the broader U.S. equity market as investors bet real estate investment trusts (REITs) will provide a better return as the Federal Reserve tightens monetary policy further.
Cadaret, Grant to be sold to private-equity backed Atria Wealth Solutions
The 75-year-old co-founder of IBD firm Cadaret, Grant & Co. has agreed to sell his company to Atria Wealth Solutions, a wealth management services holding company launched last summer by two former Morgan Stanley executives with the help of a private equity firm.
Hines Global REIT Plans to Liquidate
On April 23, 2018, the board of directors of Hines Global REIT, Inc. (“the Company”) unanimously approved a plan of liquidation.
Strategic Storage Trust II, Inc. Announces $10.65 NAV
Strategic Storage Trust II, Inc. (“SST II”) announced on April 20 that its board of directors has approved an estimated per share net asset value (“NAV”) of its Class A common stock and Class T common stock of $10.65, calculated as of December 31, 2017.
Strategic Storage Growth Trust Announces $11.58 NAV
On April 19, 2018, the board of directors of SSGT (the “Board”) approved an estimated value per share for Class A shares and Class T shares of $11.58 based on the estimated value of assets less the estimated value of liabilities, or net asset value, divided by the number of shares outstanding on an adjusted fully diluted basis, calculated as of December 31, 2017.
Which nontraded REIT program reached a peak of $11.7 billion in total assets in Q2 2010, the largest nontraded REIT in terms of total assets?
Answer: Inland American Real Estate Trust, Inc., now known as InvenTrust, Inc.
Strategic Storage Trust IV Subsidiary to Purchase Seven Facilities in Texas
On April 18, 2018, a subsidiary of Strategic Storage Trust IV, Inc., entered into a purchase and sale agreement for the acquisition of a portfolio of seven self storage facilities in Texas.
KBS Strategic Opportunity REIT Acquires City Tower in Orange, California
KBS Strategic Opportunity REIT has filed additional details regarding its acquisition of City Tower on March 6, 2018.
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