US Listed REITs Trading at 4.2% Median Discount to NAVs as of September 29 October 2, 2017 | James Sprow | Blue Vault SNL analyzes publicly traded U.S. equity real estate investment trusts with market caps greater than $200 million and compares their stock prices to the analysts’ consensus estimates of net asset value per…

Winners and Losers in Q3 2017 Returns Among Formerly Nontraded REITs October 3, 2017 | James Sprow | Blue Vault Several listed REITs that began their lives as nontraded REITs were among the top performers among all listed REITs with market caps greater than $200 million in the third quarter of 2017, according to SNL.…

American Realty Capital New York City REIT Challenges Voting Results October 2, 2017 | James Sprow | Blue Vault  American Realty Capital New York City REIT Inc. is challenging the preliminary results of its reconvened Sept. 7 annual shareholder meeting regarding the company's charter amendment proposals. In an 8-K filed on September 29, 2017, signed…

Carey Watermark Investors and Carey Watermark Investors 2 Announce Acquisition September 29, 2017 | Luke Schmidt | Blue Vault On September 29, 2017, Carey Watermark Investors Incorporated (“CWI 1”) and Carey Watermark Investors 2 Incorporated (“CWI 2") announced that they had acquired Bacara Resort & Spa.  Located on 78 oceanfront acres, the 358-room resort is…

Cottonwood Multifamily REIT I, Inc. Increases NAV September 29, 2017 | Luke Schmidt | Blue Vault Effective September 1, 2017, the net asset value of shares of Cottonwood Multifamily REIT I, Inc. increased from $10.00 to $10.85, as established by the Board of Directors of the Company.  The current distribution rate remains unchanged at $0.575…

MVP REIT and MVP REIT II Shareholders Approve Merger October 2, 2017 | James Sprow | Blue Vault MVP REIT, Inc. and MVP REIT II, Inc. announced on October 2 that at its 2017 Annual Meeting held on September 27, 2017, its shareholders voted to approve their previously announced proposed merger. With this approval, MVP…

Behringer Harvard Opportunity REIT President Resigns September 29, 2017 | Luke Schmidt | Blue Vault On September 27, 2017, Thomas P. Kennedy notified Behringer Harvard Opportunity REIT I, Inc. of his decision to resign, effective October 12, 2017, as the President of the Company and its subsidiaries and all other officer positions with the Company’s…

Carter Validus Mission Critical REIT II Announces Updated NAV September 29, 2017 | Luke Schmidt | Blue Vault On September 28, 2017, the board of directors of Carter Validus Mission Critical REIT II, Inc., a publicly registered non-traded real estate investment trust, announced an updated estimated per share net asset value of $9.18 for each of…

Sierra Income Provides Funding for Acquisition September 28, 2017 | Luke Schmidt | Blue Vault  On September 27, 2017, Sierra Income Corporation, a business development company that makes senior secured investments in U.S. middle market companies, and its affiliate, Medley Management Inc., announced that it provided a senior secured first lien term loan to facilitate…