Asset Manager News & Perspectives

October 18, 2019

US REIT Capital Offering Activity Soars in September

According to an article from S&P Global Market Intelligence, capital markets activity by U.S. equity REITs rocketed in September, with...

October 18, 2019

Griffin Capital Essential Asset® REIT Sells Industrial Building in Ohio for $30.3 Million

Griffin Capital Essential Asset REIT, Inc. (the “REIT”) announced the sale of a 160,410 square foot, Class “A”, truck terminal located at...

October 17, 2019

Black Creek CEO Raj Dhanda Talks About Why It Still Makes Sense to Buy Industrial Assets

Real estate investment management firm Black Creek Group recently reported that its fundraising had surged to $702 million through July 31, 2019, including...

October 16, 2019

KBS Strategic Opportunity REIT Recommends Rejection of $7.23 Per Share Tender Offer

In a letter to shareholders dated October 16, 2019, Peter McMillan, President and Chairman of the Board of KBS Strategic Opportunity REIT, Inc. recommended to the REIT’s shareholders that they...

October 16, 2019

JLL Income Property Trust Expands Offering to Include 1031 Like-kind Exchange Solution

JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced today the launch of...

October 16, 2019

Blackstone Real Estate Income Trust to Acquire the Bellagio Real Estate from MGM Resorts International for $4.25 Billion

Blackstone Real Estate Income Trust (“BREIT”), and MGM Resorts International (“MGM Resorts”) (NYSE: MGM) announced today that BREIT and MGM Resorts will form...

October 15, 2019

Owl Rock Capital Corporation II Decreases Offering Price

On October 9, 2019, Owl Rock Capital Corporation II (“the Company”) decreased its public offering price from $9.56 per share to...

October 15, 2019

Record-Low Unemployment Propels Demand for Commercial Real Estate

Job growth continues at subdued but consistent pace. Organizations added about 136,000 positions in September, slightly down from the...

October 15, 2019

Strategic Storage Growth Trust II, Inc. Acquires Newly Constructed 735-Unit Self Storage Facility in Toronto, Canada

Strategic Storage Growth Trust II, Inc. ("SSGT II"), a private real estate investment trust sponsored by an indirect subsidiary of SmartStop Self Storage REIT, Inc., announced today its acquisition of...