On May 7, Griffin Capital Essential Asset REIT, Inc. announced its acquisition of the Shaw Distribution Center – Northport Building C located in Savannah, Georgia for $56.5 million.

In an 8-K filed May 8, Resource Income Opportunity REIT, Inc. (the “Company”) terminated its offering of up to $1.1 billion in shares of common stock, par value $0.01 per share, to be sold pursuant to its public primary offering and distribution reinvestment plan.

On May 4, 2018, Bay Area Regional Medical Center, LLC (“Bay Area”), a tenant of Carter Validus Mission Critical REIT, Inc. (“the Company”) announced in a press release that it is closing its operations on May 10, 2018, and filing for bankruptcy in the near term.

On May 1, 2018, Blackstone Real Estate Income Trust entered into an Amended and Restated Dealer Manager Agreement with Blackstone Advisory Partner L.P. (its Dealer Manager) that provides for…

On April 30, 2018, Carter Validus Mission Critical REIT determined that it had reached its limit on share redemptions, and that it will not be able to fully process all repurchase requests for the month of April 2018. 

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.

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.