Investment Strategies For A Mature Market October 12, 2017 | Natalie Dolce | GlobeSt.com The first rule of investing is to buy low and sell high—but that’s easier said than done.  That is according to Jack Mullen, founder and managing director of Summer Street Advisors. Mullen says that today, CRE prices are high and cap…

NTR Sales Flat in September While BDC Sales Fall 19% October 13, 2017 | James Sprow | Blue Vault Sales by nontraded REITs were relatively flat in September compared to August. September sales of $282.2 million reported to Blue Vault by nontraded REIT sponsors were almost unchanged from $288.9 million in August. September sales were…

Multifamily Deliveries Slow As Of Q3: Here's What Investors, Operators Need To Know October 9, 2017 | Champaign Williams | Bisnow.com Below are three quick multifamily trends to note coming out of Q3, according to data compiled by Yardi Matrix. 1. Rent Growth Deceleration Persists National multifamily rents ended Q3 flat, advancing only $1 during…

Self-Storage Builds Rise By 50% Y-O-Y October 4, 2017 | Paul Bubny | GlobeSt.com LOS ANGELES–“New construction is the hot topic in the self-storage sector,” says R. Christian Sonne, EVP of the self-storage valuation group within CBRE’s valuation & advisory services platform. “While some investors are concerned about the level of new construction, overall supply and demand…

Summit Healthcare REIT, Inc. Recommends Rejection of MacKenzie Tender Offer October 10, 2017 | James Sprow | Blue Vault In a letter to shareholders, Summit Healthcare REIT, Inc. (“Summit”) recommended that its shareholders reject the unsolicited mini-tender offer by MacKenzie Realty Capital (“MacKenzie”) to purchase its shares for $1.34 per share. In the letter, Summit…

Retirement of American Finance Trust and ARC New York City REIT’s CFO Nicholas Radesca October 10, 2017 | James Sprow | Blue Vault On October 5, 2017, Nicholas Radesca notified the boards of directors of American Finance Trust, Inc. (“AFT”) and American Realty Capital New York City REIT, Inc. (“ARCNYC”) that he intends to retire…

CNL Growth Completes Liquidation of Portfolio October 10, 2017 | James Sprow | Blue Vault As previously reported in an 8-K filed with the SEC on July 7, 2017, the joint venture of an operating subsidiary of CNL Growth Properties, Inc. and Daniel Haywood, LLC, an Alabama limited liability company, entered into a purchase and sale…

Griffin Capital Essential Asset REIT Refinances $294 Million Portion of Credit Facility October 5, 2017 | James Sprow | Blue Vault Griffin Capital Essential Asset REIT utilized ten special purpose entities that own ten properties owned by the operating partnership of the REIT, entering into a loan agreement with Bank of America secured by properties…

Green Street Property Price Index Unchanged in September October 5, 2017 | James Sprow | Blue Vault The Green Street Commercial Property Price Index was unchanged in September.  Over the past year, the index has barely moved, as modest increases to capitalization rates have offset growing rental income. “Some properties have been stronger, but when…