Fiduciary Floodgates Open Again: 1,100 DOL Comments So Far March 28, 2017 | by Scott Martin | Trust Advisor The Labor Department has reopened its official feedback channels to see what the industry has to say about delaying or entirely rescinding its controversial standard on retirement advice. The industry isn’t exactly shy. The first 1,105 comments…

Chase Park Plaza Hotel to be sold March 23, 2017 | by Jacob Barker | St. Louis Post-Dispatch The iconic Chase Park Plaza in St. Louis’ Central West End could soon be under new ownership. The Dallas real estate investment trust that owns the hotel, Behringer Harvard Opportunity REIT I Inc., agreed last week to sell the…

Inland Securities Hires Sarita Vishakanta as Vice President of Broker-Dealer Relations March 24, 2017 | by The DI Wire Inland Securities Corporation has hired Sarita Vishakanta as the company’s vice president of broker-dealer relations. According to the company, in her new role she will be responsible for the development and enhancement of the strategic relationships…

KBS REIT Approves Estimated Value Per Share of $2.475 Amidst Liquidation March 28, 2017 | by James Sprow | Blue Vault On March 27, 2017, the KBS Real Estate Investment Trust, Inc. (the “Company”) board of directors approved an estimated value per share of the Company’s common stock of $2.475 (the “EVPS”), effective March 21,…

Cole Credit Property Trust V Announces NAV Per Share of $24.00 March 28, 2017 | by James Sprow | Blue Vault The Board of Directors of Cole Credit Property Trust V, Inc., (“CCPT V”), a publicly registered non-listed real estate investment trust focused on investing in high-quality, income-producing necessity retail properties, net leased to creditworthy…

Self-Storage REITs Remain Appealing March 24, 2017 | by Michele Lerner | REIT.com Following a banner year in 2015, self-storage REITs cooled off in 2016. Returns for the sector were down 8.14 percent for the year, compared with an increase of 9.3 percent overall for the FTSE NAREIT All REIT Index. However, executives and analysts point…

Self-Storage Investment Firm Strategic Storage Trust IV Launches $1B IPO March 20, 2017 | Inside Self-Storage Strategic Storage Trust IV Inc. (SST IV), which intends to invest in self-storage and qualify as a real estate investment trust (REIT), has launched an initial public offering (IPO) of approximately $1.095 billion in common stock, according to a…

Lightstone Closes $85.3 Million Loan for Exclusive Upper East Side Development March 23, 2017 | Lightstone NEW YORK, March 23, 2017 /PRNewswire/—The national real estate investor/developer, Lightstone, announced today the closing of financing for 40 East End Avenue, a 100,000 square foot condominium planned for Manhattan's Upper East Side. The development, located on the exclusive and…

Blackstone's REIT Buys $116M of Mortgage-backed Securities March 27, 2017 | by James Sprow | Blue Vault In March 2017, the REIT purchased $116 million of commercial mortgage-backed securities issued by a trust sponsored by Goldman Sachs, and secured by a mortgage loan on the Willis Tower in Chicago, Illinois made to subsidiaries of a…