Self-Storage Investment Firm Strategic Storage Trust IV Launches $1B IPO March 20, 2017 | Inside Self-Storage Strategic Storage Trust IV Inc. (SST IV), which intends to invest in self-storage and qualify as a real estate investment trust (REIT), has launched an initial public offering (IPO) of approximately $1.095 billion in common stock, according to a…

Lightstone Closes $85.3 Million Loan for Exclusive Upper East Side Development March 23, 2017 | Lightstone NEW YORK, March 23, 2017 /PRNewswire/—The national real estate investor/developer, Lightstone, announced today the closing of financing for 40 East End Avenue, a 100,000 square foot condominium planned for Manhattan's Upper East Side. The development, located on the exclusive and…

Blackstone's REIT Buys $116M of Mortgage-backed Securities March 27, 2017 | by James Sprow | Blue Vault In March 2017, the REIT purchased $116 million of commercial mortgage-backed securities issued by a trust sponsored by Goldman Sachs, and secured by a mortgage loan on the Willis Tower in Chicago, Illinois made to subsidiaries of a…

CNL Healthcare Properties II Lowers Fees in Current Offering March 27, 2017 | by James Sprow | Blue Vault On March 20, 2017, the REIT and CNL Securities Corp., its dealer manager, entered into an Amended and Restated Dealer Manager Agreement, which amends and restates the dealer manager agreement dated March 2, 2016, between the Company and…

Strategic Storage Growth Trust, Inc. Acquires Newly Converted Self Storage Facility in Garden Grove, Calif. March 22, 2017 | Strategic Storage Growth Trust, Inc. LADERA RANCH, Calif., March 22, 2017 /PRNewswire/—Strategic Storage Growth Trust, Inc., a public non-traded REIT sponsored by SmartStop Asset Management, LLC, announced today its purchase of a newly converted, 900-unit self storage…

SEC chairman nominee Clayton not asked about key adviser issues, reveals no specific plans President Trump's choice to head the Securities and Exchange Commission spent most of his confirmation hearing fending off questions about conflicts March 23, 2017 | by Mark Schoeff Jr. | InvestmentNews.com After two hours and twenty-five minutes of testimony before the Senate Banking…

Retail Closings and Impacts on Nontraded REITs March 23, 2017 | by James Sprow | Blue Vault With the announcement by J.C. Penney Co. Inc. that 138 stores will be closed, all eyes are focused on retail and the sea-change that is occurring in the sector. How do retail store closings affect nontraded REITs?  Interestingly,…

Banking Regulators Proposing Easing Restrictions on Smaller Institution CRE Lending March 23, 2017 | by James Sprow | Blue Vault Continuing their efforts to reduce regulatory burdens while ensuring the safety and soundness of the nation’s financial institutions, member agencies of the Federal Financial Institutions Examination Council (FFIEC) on March 21, issued a joint report…

Interval Funds are Having Their Moment March 21, 2017 | Barron's  Interval funds are proliferating as investors reach for yield, but the products have serious drawbacks, according to Morningstar. PIMCO last month launched an interval fund—PIMCO Flexible Credit Income—and registered to raise $1 billion in assets. In all, there are some 20 interval funds in…