Strategic Storage Trust II Acquires Five Toronto Self Storage Properties via Merger February 9, 2017 | by James Sprow | Blue Vault On February 1, 2017, Strategic Storage Trust II, Inc. (SSTII) acquired a portfolio of five self storage properties consisting of an aggregate of approximately 460,400 rentable square feet and 4,010 units located in…

Griffin Capital Essential Asset REIT II Purchases Office Complex in Denver February 9, 2017 | James Sprow | Blue Vault Griffin Capital Corporation announced February 8, on behalf of Griffin Capital Essential Asset REIT II, Inc., the first acquisition by the REIT in the Greater Denver metropolitan area. The REIT has acquired a Class A…

Carey Watermark Investors Sells Three Hotels On February 1, 2017, Carey Watermark Investors Incorporated, or CWI, sold its 100% ownership interests in three non-core assets, the Hampton Inn Frisco Legacy Park in Frisco, Texas, the Hampton Inn Birmingham Colonnade in Birmingham, Alabama and the Hilton Garden Inn Baton Rouge Airport in Baton Rouge, Louisiana, to…

KBS Legacy Partners Apartment REIT Sells 301-Unit Apartment Complex in Charlotte, N.C. February 7, 2017 | James Sprow | Blue Vault KBS Legacy Partners Apartment REIT Inc., through its subsidiaries, agreed to sell Wesley Village in Charlotte, N.C., and the adjacent 3.8-acre land parcel to Bluerock Real Estate LLC, for $57.7 million. The deal was…

Lightstone Value Plus REIT III Acquires Joint Venture in Tiburon, California Apartments February 7, 2017 | James Sprow | Blue Vault Lightstone Value Plus REIT III Inc., Lightstone Real Estate Income Trust Inc. and Maximus Cove Investor LLC signed a joint venture agreement to acquire RP Cove LLC's stake in The Cove at Tiburon, Calif., for…

Moody National REITs II and Moody National REIT I Enter into Stockholder Servicing Coordination Agreement February 7, 2017 | by James Sprow | Blue Vault In connection with the merger of Moody National REITs I and II, the surviving Company has entered into a Stockholder Servicing Coordination Agreement, dated as of February 2, 2017, with…

Apartment Renters Are Getting Older SAN DIEGO—One-third of Millennials aren’t even looking for apartments yet, which bodes well for the future of the industry, Steadfast’s Ella Shaw Neyland tells attendees at NMHC’s Annual Meeting yesterday. January 26, 2017 | by CARRIE ROSSENFELD | GlobeSt.com SAN DIEGO—One-third of Millennials aren’t even looking for apartments yet, which bodes well…

3 Reasons For Optimism In Senior Housing Finance in 2017 January 29, 2017 | by Alana Stramowski | Senior Housing News Senior housing players have some reasons to be optimistic about financing looking toward the year ahead. The positive outlook stems from the Trump administration’s talk of deregulation, along with interest rate action and real estate investment…

Realty Finance Trust Inc. Changes Name to Benefit Street Partners Realty Trust Inc. February 6, 2017 | James Sprow | Blue Vault  In a filing with the SEC on February 3, 2017, Realty Finance Trust Inc changed its business name to Benefit Street Partners Realty Trust Inc. through a charter amendment effective January 30. The…