CNL Healthcare Properties II Signs Agreement for First Acquisition  February 23, 2017 | by James Sprow | Blue Vault On February 22, CNL Healthcare Properties II, Inc., a non-traded real estate investment trust (REIT) focused on seniors housing and healthcare properties, announced a signed agreement with Summer Vista Assisted Living, LLC and Hardcourt Development No. 2,…

KBS Legacy Partners Apartment REIT Agrees to Lower Sales Price for Wesley Village February 21, 2017 | by James Sprow | Blue Vault The sales agreement for the sale of Wesley Village in Charlotte, North Carolina, and an adjacent 3.8 acre parcel of land by KBS Legacy Partners Apartment REIT to Bluerock Real Estate, LLC…

SmartStop Asset Management to Form Joint Venture with SmartREIT Focusing on Canada Self-Storage February 17, 2017 | Inside Self-Storage SmartStop Asset Management LLC, a diversified real estate company that manages 103 self-storage facilities in Canada and the United States, will partner with Canadian real estate investment trust SmartREIT in a joint venture to develop and…

American Finance Trust and American Realty Capital – Retail Centers of America Shareholders Approve Merger Feb 17, 2017  | by James Sprow | Blue Vault   In a press release issued February 14, American Finance Trust announced the results of shareholder votes on the merger of American Realty Capital – Retail Centers of America into American…

After a Lean Year for REIT M&As, 2017 Talk Turns Private February 9, 2017 | by Donna Mitchell | National Real Estate Investor At this time of year commercial real estate executives and investment funds usually look back at how the REIT sector fared in terms of mergers and acquisitions. The outcome in 2016 was mixed,…

Carter Validus Mission Critical REIT II, Inc. Acquires $16.2 Million Data Center Property in Arizona February 16, 2017 | BusinessWire TAMPA, Fla.--(BUSINESS WIRE)--Carter Validus Mission Critical REIT II, Inc. (“CV Mission Critical REIT II”), a non-traded real estate investment trust (“REIT”) focused on acquiring data center and healthcare real estate investments, completed the acquisition of…

Steadfast Apartment REIT Raises NAV Per Share February 16, 2017 | by James Sprow | Blue Vault On February, 14 the board of directors of Steadfast Apartment REIT Inc. (STAR) declared an estimated value of $14.85 per share of the company’s common stock, as of December 31, 2016. The company engaged CBRE Capital Advisors, Inc.…

Federal Reserve Officials Express Concern About CRE Valuations February 16, 2017 | by James Sprow | Blue Vault In the central bank’s semiannual Monetary Policy Report to Congress, commercial property prices were identified as a “growing concern” amidst a climate in which other asset markets were described as having only moderate risks of financial instability.…

KBS Strategic Opportunity REIT Acquires Two Office Buildings in Georgia February 14, 2017 | by James Sprow | Blue Vault On February 14, 2017, KBS Strategic Opportunity REIT, Inc. acquired an office property (“Crown Pointe”) consisting of two office buildings containing an aggregate of 499,968 rentable square feet in Dunwoody, Georgia. The purchase price of…