Vereit Files Suit Against Schorsch and Colleagues September 8, 2017 | DI Wire Vereit (NYSE: VER), the publicly-traded real estate investment trust formerly known as American Realty Capital Properties and parent company of Cole Capital, has filed a complaint in U.S District Court for the Southern District Of New York against former directors and officers…

Should the SEC regulate the ‘advisor’ title? September 8, 2017 | Kenneth Corbin | OnWallStreet.com Fee-only advisors often struggle to impress upon investors the fundamental differences between their fiduciary business model and that of, say, a commission-drive brokerage shop operating under the suitability standard. But what if regulators stepped in to help clear things up?…

Amazon Plans to Build Second, ‘Equal’ Headquarters Outside Seattle September 7, 2017 | Matt Day | Seattle Times Amazon.com has outgrown Seattle. The online retail giant, which employs about 40,000 people in the city after a hiring boom and urban build-out with little precedent in modern American history, is searching for a second home. The…

KBS Legacy Partners Apartment REIT Announces Plans to Liquidate September 11, 2017 | James Sprow | Blue Vault Following a lengthy process of evaluating strategic alternatives for KBS Legacy Partners Apartment REIT, Inc. and an aggressive campaign to market the Company’s assets, the Company’s board of directors and a committee composed of independent directors each…

What Retail Concepts Will Thrive In 2017 And Beyond September 6, 2017 | Jennifer LeClaire | GlobeSt.com [caption id="" align="alignnone" width="616"] Franklin Street’s Whitney Kantor[/caption] MIAMI—Some retailers are struggling. Others are thriving. Where do we go from here? You can still read parts one and two of this series: Why Shopping Centers Are Facing Disturbing Financial…

Sierra Income Corp. BDC Crosses $1B in Total Investments September 6, 2017 | ABL Advisor Sierra Income Corporation, a non-traded business development company investing in middle market companies, announced it invested more than $220 million in the first half of 2017, bringing its total investments to over $1 billion.  “Sierra was highly active in the first…

Listed REIT DDR Reports Minimal Damage from Irma in Puerto Rico September 7, 2017 | James Sprow | Blue Vault   DDR Corporation (the "Company") (NYSE: DDR) announced today that upon initial inspection, the Company's shopping centers in Puerto Rico have sustained only minor damage as a result of Hurricane Irma.  Beyond power outages at…

Steadfast Apartment REIT III Acquires Seventh Apartment Property September 7, 2017 | James Sprow | Blue Vault On August 31, 2017, Steadfast Apartment REIT III, Inc. acquired from an unaffiliated third-party seller a fee simple interest in a 306-unit multifamily residential community located in Atlanta, Georgia, commonly known as Ansley at Princeton Lakes (the “Ansley…

Inland Private Capital Corporation Announces Sale of Two Texas Multifamily Properties September 7, 2017 | James Sprow | Blue Vault Inland Private Capital Corporation (“IPC”) on August 31 announced the sale of two multifamily properties located in Texas for a gross sale price of $86 million. IPC, through its subsidiary which serves as asset manager,…