Cottonwood Residential Increases NAV 12.6% September 21, 2017 | Luke Schmidt | Blue Vault Cottonwood Residential, Inc. announced, effective September 1, 2017, the Net Asset Value of the shares of Non-Voting Common Stock increased from $16.90 to $19.03, as determined in the sole discretion of the Board of Directors of Cottonwood Residential.  The current distribution…

Griffin Capital Essential Asset REIT II Commences Follow-On Offering September 21, 2017 | Luke Schmidt | Blue Vault On September 20, 2017, Griffin Capital Essential Asset REIT II, Inc. commenced its follow-on offering of up to $2.2 billion of its common shares after the offering was declared effective by the SEC.  The offering consists of…

Colony NorthStar, Inc. Announces Redemption of 8.875% Series C Cumulative Redeemable Perpetual Preferred Stock September 13, 2017 05:08 PM Eastern Daylight Time LOS ANGELES & NEW YORK--Colony NorthStar, Inc. (NYSE: CLNS) (“Colony NorthStar” or the “Company”), a leading global real estate and investment management firm, today announced that it intends to redeem all 5,000,000 outstanding…

What Can Texas CRE Owners Expect as the Insurance Claims Process Gets Underway? September 15, 2017 | Mary Diduch | National Real Estate Investor   It’s been nearly three weeks since Hurricane Harvey made landfall in Rockport, which lies along the southeastern coast of Texas. While emergency response efforts in the wake of the massive storm,…

Does REIT Credit Get Enough Credit? September 18, 2017 | Paul Bubny | GlobeSt.com NEW YORK CITY—Do REITs’ credit metrics deserve more, well, credit from ratings agencies when it comes to rating the companies’ bonds? A special report from Kroll Bond Rating Agency says this may be the case, while acknowledging advantages enjoyed by the…

InvenTrust Properties Corp. Acquired River Oaks in Valencia, CA September 19, 2017 | Luke Schmidt | Blue Vault On September 18, 2017, InvenTrust Properties Corp. announced the acquisition of River Oaks, a 275,000 square foot grocery-anchored center located in a premier San Fernando Valley sub-market of Los Angeles, CA, for approximately $115 million.  “We are…

Owl Rock Capital Issues Drawdown Notice to Investors September 20, 2017 | Luke Schmidt | Blue Vault On September 15, 2017, Owl Rock Capital Corporation delivered a capital drawdown notice to its investors relating to the sale of approximately 9,842,519.80 shares of the Company’s common stock, par value $0.01 per share for an aggregate offering…

1031 Exchanges: A Quick Primer August 30, 2017 | Geoffrey Metz | GlobeSt.com IRVINE, CA—1031 exchanges continue to attract interest as a method for deferring taxes on a property transaction. But the strategy can be daunting for the first timer. How does a broker approach these transactions in retail and elsewhere? To learn more about…

Phillips Edison Expands Holdings With Illinois Retail Buy September 15, 2017 | Gail Kalinoski | Commerical Property Executive Phillips Edison & Co., a Cincinnati-based owner of grocery-anchored shopping centers, is continuing its aggressive expansion, adding Hoffman Village to its Illinois holdings. The 159,443-square shopping center in Hoffman Estates, Ill., a Chicago suburb, marks the 14th…