On October 25, 2017, the independent directors of American Realty Capital New York City REIT, Inc. approved an Estimated Per Share NAV equal to $20.26 based on an estimated fair value of the Company’s assets less the estimated fair value of the Company’s liabilities, divided by 31,029,865 shares of common stock outstanding on a fully…

Broadstone Real Estate Files for $1 Billion Interval Fund Offering October 27, 2017 | James Sprow | Blue Vault   Broadstone Real Estate registered a new interval fund on October 13, with a goal of a $1 billion capital raise. According to the draft registration statement, Broadstone Real Estate Access Fund intends to invest in…

It’s 6 Months Running For Price Declines October 27, 2017 | Paul Bubny | GlobeSt.com [caption id="" align="alignnone" width="616"] A gap between buyer and seller expectations on pricing “only exacerbates the slump,” says Muoio.[/caption]   IRVINE, CA—Commercial property pricing slipped by 0.2% in October, marking the sixth month in a row of declining values, Ten-X said…

Blackstone May Double Assets to $800 Billion in Five Years October 25, 2017 |  Erik Schatzker, Dinesh Nair, and Matthew Martin | Bloomberg Blackstone Group LP’s Steve Schwarzman said his firm may double assets under management to $800 billion over the next five years as it expands into new investing areas. “We have internal targets, plans, aspirations to…

Hines Global REIT II Acquires 395-Bed Student Housing Property in Reading, UK October 26, 2017 | James Sprow | Blue Vault On October 11, 2017, Hines Global REIT II, Inc. acquired from a W. P. Carey REIT affiliate, CPA 18, Pan-European Holding Cooperatief U.A. and Crown Students LLP, all of the share capital of WPC…

Carey Watermark Investors Sells Its 57% Interest in Westin Atlanta Venture October 26, 2017 | James Sprow | Blue Vault On October 19, 2017, the CWI AM Atlanta Perimeter Hotel, LLC venture, or the Westin Atlanta Venture, in which Carey Watermark Investors Incorporated, or CWI, owned a 57% interest, was sold to an unaffiliated third-party…

KBS Strategic Opportunity REIT to Sell 11 Properties for $804 Million October 25, 2017 | James Sprow | Blue Vault On October 24, 2017, KBS Strategic Opportunity REIT, Inc. entered into an agreement to sell 11 of its properties to various subsidiaries of Keppel-KBS US REIT, a newly formed Singapore real estate investment trust (the…

Hospitality Investors Trust Inc.'s board is calling on the company's shareholders to reject MacKenzie Realty Capital Inc.'s unsolicited mini-tender offer for the company's common shares and countering the offer by MacKenzie with a tender offer for up to 1,000,000 shares at a higher price.

Carter Validus Mission Critical REIT Inc., a publicly registered nontraded real estate investment trust, has agreed to sell 15 data center properties in two separate transactions for a total of approximately $1.065 billion.