Commercial Property Price Index Inches Higher in July  August 8, 2017 | James Sprow | Blue Vault The Green Street Commercial Property Price Index inched higher in July. Over the past year, the index is little changed, as higher cap rates have offset growing rental income. “Some property types are doing better than others, but,…

Inland Residential Buys Montgomery, Alabama Multifamily Property for $36.6 Million August 7, 2017 | James Sprow | Blue Vault Inland Residential Properties Trust Inc., a publicly registered non-traded real estate investment trust, purchased Verandas at Mitylene, a 332-unit multifamily property in Montgomery, Alabama for $36.6 million, plus closing costs, according to an August 2nd filing…

Should REITs Worry About Section 1031 Repeal? August 4, 2017 | Robert Beard | King and Spalding One of the headline proposals contained in the Republican Party’s “Better Way” blueprint for tax reform was immediate expensing of business investments. Although the Blueprint does not directly address like-kind exchanges, commenters immediately began to wonder what role,…

LPL Seen As Front-Runner To Buy National Planning Holdings' B-D Network July 30, 2017 | FA-mag.com LPL Financial appears to be the likely winner in the bidding for Jackson National's 3,500-rep, broker-dealer network, National Planning Holdings (NPH). Although no deal has been announced, sources in the insurance industry said a transaction could be finalized imminently. LPL…

Phillips Edison Acquires Bakersfield Center August 2, 2017 | Al Urbanski | ChainStoreAge.com Phillips Edison has acquired another grocery-anchored center, this on in Bakersfield, California.   Riverlakes Village is a 92,212-sq.-ft. neighborhood center anchored by Von’s Supermarket and augmented by a classic necessity-based mix of CVS, Verizon Wireless, Bank of America, Supercuts, Steak and Grape’s, and…

  Cole Real Estate Income Strategy (Daily NAV) Announces July 31, 2017 NAVs Per Share   August 4, 2017 | by James Sprow | Blue Vault On August 2, Cole Real Estate Income Strategy (Daily NAV), Inc., a nontraded REIT with a continuous offering of three classes of common stock, announced revised NAVs as of…

  Cole Credit Property Trust V Follow-On Offering Declared Effective August 3, 2017 | by James Sprow | Blue Vault On August 1, 2017, a follow-on offering by Cole Credit Property Trust V of $1,500,000,000 in shares of common stock was declared effective by the SEC. Of these shares, the REIT is offering up to…

National Industrial Rents Hit All-Time High In Q2 July 26, 2017 | Champaign Williams  Historically low vacancy rates and a lack of available space pushed industrial real estate rents to record highs in the second quarter. JLL’s Q2 First Look At Industrial report said rents rose to $5.35/SF nationwide, an all-time high. Industrial markets have…

JLL Income Property Trust Acquires Premier Portland Apartments [caption id="" align="alignnone" width="650"] JLL Income Property Trust Acquires Premier Portland Apartments - Jory Trail at the Grove[/caption]   CHICAGO, July 20, 2017 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), today announced the acquisition of Jory Trail at the Grove, a premier…