FS Investments Sponsors a New Nontraded REIT February 14, 2017 | by James Sprow | Blue Vault On February 13, FS Investments filed a prospectus with the SEC for FS Credit Real Estate Income Trust, Inc., a nontraded REIT program focused on floating-rate mortgage loans that are secured by first priority mortgages on transitional commercial…

Strategic Storage Growth Trust Announces Plans to Close Primary Offering at $200 Million February 14, 2017 | by James Sprow | Blue Vault On February 9, 2017, the board of directors of Strategic Storage Growth Trust, Inc. (“SSGT”) approved the close of the primary offering upon SSGT crossing the $200 million threshold in its primary…

Dividend Capital Diversified Property Fund Inc. Announces Tender Offer for Class E Shares February 10, 2017 | by James Sprow | Blue Vault Dividend Capital Diversified Property Fund Inc. is offering to purchase up to 5,326,231 shares of the Company’s unclassified common stock, also referred to as “Class E” shares, for cash at a purchase…

Carter Validus Mission Critical REIT II Declares Distribution Rates to be Paid in Q2 2017 February 10, 2017 | James Sprow | Blue Vault On February 8, 2017, the board of directors of Carter Validus Mission Critical REIT II authorized daily distributions rates for the three classes of common stock as follows: Class A Distributions…

NorthStar/RXR New York Metro Real Estate, Inc. Lowers Fees February 10, 2017 | James Sprow | Blue Vault  In a move to reduce the fees paid to its advisor and make the REIT more competitive among the nontraded REIT offerings, NorthStar/RXR New York Metro Real Estate, Inc. lowered its asset management fees payable to its…

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…