On April 19, 2018, the board of directors of SSGT (the “Board”) approved an estimated value per share for Class A shares and Class T shares of $11.58 based on the estimated value of assets less the estimated value of liabilities, or net asset value, divided by the number of shares outstanding on an adjusted…

On April 18, 2018, a subsidiary of Strategic Storage Trust IV, Inc., entered into a purchase and sale agreement for the acquisition of a portfolio of seven self storage facilities in Texas.

KBS Strategic Opportunity REIT has filed additional details regarding its acquisition of City Tower on March 6, 2018.

KBS Legacy Partners Apartment REIT has filed articles of dissolution effective April 18, 2018.

As expected, reactions to the SEC’s proposed standard of conduct or fiduciary rules pertaining to brokers’ relationships with clients met with mixed reviews. 

The Securities and Exchange Commission today voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving access to a variety of types of advice relationships and investment products.

Blue Vault reports sales for Interval Funds and nontraded Closed-End Funds reported by 10 fund sponsors in March. March sales of these funds that were reported to Blue Vault totaled $184.2 million, up 7.6% from the $171.2 million reported in February for the same sample of programs.

In a filing on April 13, Steadfast Apartment REIT announced an estimated value per share of $15.18 as of December 31, 2017. This amount is another in a series of steadily increasing share valuations since the REIT ceased offering shares on March 24, 2016. The previous valuation on December 31, 2016, was $14.85 per share.

In an April 17 press release, Carter Validus Mission Critical REIT II, Inc. (CV Mission Critical REIT II), a public, non-traded real estate investment trust announced that on March 14 it had acquired the Rancho Cordova Data Center Portfolio for a contract purchase price of approximately $51 million, which excludes acquisition fees and costs.