Griffin Capital Essential Asset REIT Refinances $294 Million Portion of Credit Facility October 5, 2017 | James Sprow | Blue Vault Griffin Capital Essential Asset REIT utilized ten special purpose entities that own ten properties owned by the operating partnership of the REIT, entering into a loan agreement with Bank of America secured by properties…

Green Street Property Price Index Unchanged in September October 5, 2017 | James Sprow | Blue Vault The Green Street Commercial Property Price Index was unchanged in September.  Over the past year, the index has barely moved, as modest increases to capitalization rates have offset growing rental income. “Some properties have been stronger, but when…

FS Investment Corp. III Files for Offering of Common Stock Through Institutional Channel October 6, 2017 | James Sprow | Blue Vault The company is offering shares of its common stock on a continuous basis up to 106,675,012 shares pursuant to a prospectus filed with the SEC on October 5, 2017. The shares are offered…

InvenTrust Evaluates Impact of Hurricanes on Portfolio October 6, 2017 | James Sprow | Blue Vault In a letter to stockholders on October 6, InvenTrust announced the results of a complete evaluation of properties in the path of the hurricanes that hit Houston and Florida. The REIT owns 19 properties in Houston and Florida, and…

Phillips Edison Grocery Center REIT I Internalizes Management October 6, 2017 | James Sprow | Blue Vault Phillips Edison Grocery Center REIT I Inc. (PECO I) said on October 5 that it had completed the acquisition of certain real estate assets and the third-party asset management business of its former sponsor and external advisor, Phillips…

Hines Global REIT II Files Tender Offer for $200 Million in Common Shares October 4, 2017 | James Sprow | Blue Vault Hines Global REIT II, a nontraded REIT with a diversified portfolio consisting of office, multifamily, industrial, student housing and shopping center properties, filed a tender offer on October 3, 2017, to purchase for…

NexPoint Capital, Inc. Announces Results of Tender Offer for Common Stock October 5, 2017 | James Sprow | Blue Vault NexPoint Capital, Inc., a nontraded publicly registered business development company and affiliate of Highland Capital Management, L.P., today announced the expiration and final results for its tender offer for up to 2.5% of its outstanding…

SmartStop Files $1 Billion Student and Senior Housing Nontraded REIT Offering October 5, 2017 | James Sprow | Blue Vault SmartStop Asset Management LLC, a sponsor of nontraded REITs and other direct investment offerings previously focused on self-storage assets, has filed an offering for a $1 billion nontraded REIT called Strategic Student & Senior Housing…

$31M settlement of shareholder suit against RCS Capital, Nicholas Schorsch  October 4, 2017 | Tobias Salinger | Financial Planning Remnants of bankrupt company RCS Capital must pay shareholders $31 million as part of a settlement approved Thursday in federal court. The settlement was the first to be reached from a series of civil claims filed in…