BDCA Reduces Distribution Rate July 18, 2017 | Jared Schneider | Blue Vault On July 18, 2017, Business Development Corporation of America (BDCA) announced that the Company is reducing its annualized distribution rate to $0.65 per share from $0.87 per share. This reduces the annual distribution yield on the last available public offering price before…

American Realty Capital Healthcare Trust III, Inc. Approves $17.64 NAV, Ceases Distributions July 19, 2017 | by James Sprow | Blue Vault The following is from an 8-K filed by the nontraded REIT on July 19, 2017: On July 18, 2017, the independent directors of the Board, who comprise a majority of the Board, with…

American Realty Capital Healthcare Trust III Suspends DRIP May 2, 2017 | by James Sprow | Blue Vault American Realty Capital Healthcare Trust III, Inc. notified participants in the Company’s distribution reinvestment plan (the “DRIP”), that, pursuant to the terms of the DRIP, the Company has temporarily suspended the DRIP, effective immediately. As a result,…

American Finance Advisors Retains Lincoln Retail REIT Services April 25, 2017 | by James Sprow | Blue Vault  American Finance Advisors, LLC, the advisor to American Finance Trust, Inc. (AFIN), has informed the Company that it has engaged Lincoln Retail REIT Services, LLC as an independent service provider. Lincoln previously provided real estate-related services on…

CEO and Chief Investment Officer of American Realty Capital New York City REIT Resign March 20, 2017 | by James Sprow | Blue Vault On March 10, 2017, Michael A. Happel resigned as the chief executive officer, president and secretary of American Realty Capital New York City REIT, Inc., effective as of the business day…

Healthcare Trust Reduces Distribution Rate March 10, 2017 | by James Sprow | Blue Vault On March 3, 2017, the board of directors of Healthcare Trust, Inc., a nontraded REIT sponsored by AR Global, authorized a decrease in the rate at which the Company pays monthly distributions to holders of the Company’s common stock, effective…