Resource Innovation Office REIT to Revise Offering, Lower Fees, Offer New Share Classes April 24, 2017 | by James Sprow | Blue Vault Resource Innovation Office REIT Inc., a nontraded REIT sponsored by Resource Real Estate Inc., has suspended sales of its Class A and Class T shares in its public offering as of Friday,…

Blackstone Group LP is one of the world’s leading investment firms.

NON-TRADED REITS RAISE LOWEST VOLUME OF CAPITAL IN 14 YEARS April 20, 2017 | by Orest Mandzy | Trepp.com The departure of AR Global Investments from the non-traded REIT world, coupled with uncertainty surrounding substantial pending regulations, has put a sizable damper on the ability of the non-traded REIT sector to raise capital. According to Summit Investment Research,…

Updated: TA Realty Continues Cashing Out Real Estate Fund; Sells Multifamily Portfolio to Blackstone REIT for $430 Million April 19, 2017 | by Mark Heschmeyer | CoStar In its second large property disposition this spring, TA Realty LLC sold a six-property, 2,514-unit multifamily portfolio to Blackstone Real Estate Income Trust for $430 million. TA Realty sold…

Behringer Harvard Opportunity REIT I Agrees to Sell Frisco, Texas, Multifamily Community April 19, 2017 | by James Sprow | Blue Vault On April 10, 2017, Behringer Harvard Opportunity REIT I, Inc., through an indirect 90%-owned subsidiary, entered into an agreement to sell the 275-unit multifamily community in Frisco, Texas to an unaffiliated third party for a…

NorthStar Real Estate Income Trust Announces $9.92 NAV April 18, 2017 | by James Sprow | Blue Vault On April 11, 2017, the board of directors of NorthStar Real Estate Income Trust (“NorthStar Income”), including all of its independent directors, approved and established an updated estimated value per share of NorthStar Income’s common stock of…

Sam Zell on why interest rates need a “shot clock” April 6, 2017 | by E.B. Solomont | TheRealDeal From TRD New York: Sam Zell is tired of waiting for Godot. Raise those damn interest rates already, he says. “The kinds of interest rates we’ve had are like basketball without a shot clock,” the billionaire chairman of Equity…

Carey Watermark Announces $10.80 NAV Per Share April 18, 2017 | by James Sprow | Blue Vault Carey Watermark Investors Incorporated announced April 12, that its estimated net asset value (“NAV”) as of December 31, 2016, has been determined to be approximately $1.5 billion, or $10.80 per share of common stock, based on shares outstanding at December 31,…

Are Retail Stocks and Mall REITs a Value Play? April 13, 2017 | by Debbie Carlson | U.S. News Retail stocks and the mall and shopping center real-estate investment trusts have been hit hard by investors worried about the impact of online shopping on both retailers and the physical locations where these stores reside. In particular, the…