As of July 11, 2017, the property was 96 percent occupied and 99 percent pre-leased.

At Phillips Edison & Company, company culture is the driver of success With expertise in grocery-anchored shopping centers, this commercial real estate company has a commitment to community in its DNA. June 5, 2017 | by Stephanie Walden | Cincinnati.com While Cincinnati-based Phillips Edison & Company(PECO) deals in commercial real estate — a term that likely conjures…

Resource Real Estate Diversified Income Fund (RREDX) Announces Quarterly Distribution and New L Share Class July 7, 2017 | BUSINESSWIRE PHILADELPHIA--(BUSINESS WIRE)--Today, Resource Real Estate Diversified Income Fund (the “Fund,” ticker RREDX) announced its quarterly distribution of $0.15* per share as of June 30, 2017. This represents a 5.9 percent distribution, placing it in excess of the…

The company will be joined by Firestone Investments in the acquisition of International Market Centers. The transaction is on track to close in the third quarter of 2017.

Phillips Edison Grocery Center REIT I Shareholders to Vote on Internalization July 7, 2017 | by James Sprow | Blue Vault At a shareholder meeting set for September 20, Phillips Edison Grocery Center REIT I (“PECO I”) shareholders will vote on a transaction which will make the REIT an internally-managed, non-traded grocery-anchored shopping center REIT…

Griffin-American Healthcare REIT IV Acquires Five Northern California Senior Housing Facilities July 7, 2017 | by James Sprow | Blue Vault American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has completed the acquisition of the first of two tranches of the total…

Resource Real Estate Nontraded REITs COO Kevin Finkel Resigns June 30, 2017 | by James Sprow | Blue Vault On June 27, 2017, Kevin M. Finkel notified the boards of directors of Resource Real Estate Opportunity REITs I and II, as well as Resource Income & Opportunity REIT, Inc. of his resignation as Chief Operating Officer and…

Institutional sponsors moving in on nontraded REIT market June 26, 2017 | by TOM YEATTS | S&P Global Market Intelligence  Regulatory changes and the departure of key sponsors have dramatically changed the nontraded real estate investment trust sector, and the players likely to dominate going forward will be much larger, with more prominent reputations, than their…

Carter Validus Mission Critical REIT II, Inc. Acquires Data Center in Atlanta, Georgia for $166 Million The acquisition of the property, which serves as the American Cancer Society’s Global Headquarters, adds nearly one million square feet of data center and office space to Carter Validus Mission Critical REIT II, Inc.’s portfolio. June 22, 2017 |…