Behringer Harvard Opportunity REIT President Resigns September 29, 2017 | Luke Schmidt | Blue Vault On September 27, 2017, Thomas P. Kennedy notified Behringer Harvard Opportunity REIT I, Inc. of his decision to resign, effective October 12, 2017, as the President of the Company and its subsidiaries and all other officer positions with the Company’s…

Carter Validus Mission Critical REIT II Announces Updated NAV September 29, 2017 | Luke Schmidt | Blue Vault On September 28, 2017, the board of directors of Carter Validus Mission Critical REIT II, Inc., a publicly registered non-traded real estate investment trust, announced an updated estimated per share net asset value of $9.18 for each of…

Sierra Income Provides Funding for Acquisition September 28, 2017 | Luke Schmidt | Blue Vault  On September 27, 2017, Sierra Income Corporation, a business development company that makes senior secured investments in U.S. middle market companies, and its affiliate, Medley Management Inc., announced that it provided a senior secured first lien term loan to facilitate…

Carey Credit Income Fund 2016 T Updates NAV September 28, 2017 | Luke Schmidt | Blue Vault On September 27. 2017, Carey Credit Income Fund 2016 T determined its net asset value to be $9.11 per share pursuant to the Company’s share pricing procedures as approved by the Company’s board of trustees.  This represents an…

Carter Validus Mission Critical REIT II Acquires Silverdale Healthcare Facility September 28, 2017 | Luke Schmidt | Blue Vault On August 25, 2017, Carter Validus Mission Critical REIT II, Inc. acquired the Silverdale Healthcare Facility for a $9.6 million contract purchase price.  The facility is a two-story, 26,127 rentable square foot, multi-tenant medical office building…

Moody National REIT I and Moody National REIT II Close Merger September 28, 2017 | Luke Schmidt | Blue Vault On September 28, 2017, Moody National REIT II, Inc. announced the closing of its merger with Moody National REIT I, Inc.  As a result of the merger, Moody National REIT II’s investment portfolio with consist…

RC Acquisitions Cancels $280M Acquisition with KBS REIT II September 27, 2017 | Luke Schmidt | Blue Vault On September 25, 2017, RC Acquisitions, LLC, a Pacific Reach Properties affiliate, exercised its right to terminate an agreement to purchase the Union Bank Plaza office building from KBS Real Estate Investment Trust II, Inc for $280…

Blue Vault Presented at 2017 Kovack InTouch National Conference Blue Vault presented, “Nontraded REITS are Like Mules” on Monday, October 2nd at 3:45pm at the 2017 Kovack InTouch National Conference. Visit the Blue Vault Booth Monday through Wednesday during the conference.   Blue Vault participated at the 2017 Kovack InTouch National Conference on October 2-4, 2017 in Orlando,…

Phillips Edison Grocery Center REIT I Shareholders Approve Internalization September 27, 2017 | Luke Schmidt | Blue Vault At its annual stockholders meeting on September 20, 2017, stockholders of Phillips Edison Grocery Center REIT I, Inc. approved the proposal, dated May 18, 2017, to approve the internalization of management of the company. The nontraded REIT…