Cole Credit Property Trust V Announces NAV Per Share of $24.00 March 28, 2017 | by James Sprow | Blue Vault The Board of Directors of Cole Credit Property Trust V, Inc., (“CCPT V”), a publicly registered non-listed real estate investment trust focused on investing in high-quality, income-producing necessity retail properties, net leased to creditworthy…

Self-Storage Investment Firm Strategic Storage Trust IV Launches $1B IPO March 20, 2017 | Inside Self-Storage Strategic Storage Trust IV Inc. (SST IV), which intends to invest in self-storage and qualify as a real estate investment trust (REIT), has launched an initial public offering (IPO) of approximately $1.095 billion in common stock, according to a…

Blackstone's REIT Buys $116M of Mortgage-backed Securities March 27, 2017 | by James Sprow | Blue Vault In March 2017, the REIT purchased $116 million of commercial mortgage-backed securities issued by a trust sponsored by Goldman Sachs, and secured by a mortgage loan on the Willis Tower in Chicago, Illinois made to subsidiaries of a…

CNL Healthcare Properties II Lowers Fees in Current Offering March 27, 2017 | by James Sprow | Blue Vault On March 20, 2017, the REIT and CNL Securities Corp., its dealer manager, entered into an Amended and Restated Dealer Manager Agreement, which amends and restates the dealer manager agreement dated March 2, 2016, between the Company and…

Strategic Storage Growth Trust, Inc. Acquires Newly Converted Self Storage Facility in Garden Grove, Calif. March 22, 2017 | Strategic Storage Growth Trust, Inc. LADERA RANCH, Calif., March 22, 2017 /PRNewswire/—Strategic Storage Growth Trust, Inc., a public non-traded REIT sponsored by SmartStop Asset Management, LLC, announced today its purchase of a newly converted, 900-unit self storage…

Retail Closings and Impacts on Nontraded REITs March 23, 2017 | by James Sprow | Blue Vault With the announcement by J.C. Penney Co. Inc. that 138 stores will be closed, all eyes are focused on retail and the sea-change that is occurring in the sector. How do retail store closings affect nontraded REITs?  Interestingly,…

InvenTrust Properties Corp. Announces Increase in Annual Distribution Rate March 21, 2017 | by James Sprow | Blue Vault InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that its Board of Directors has approved an approximately three percent increase to InvenTrust’s annual distribution rate, from $0.0675 per share of common stock to $0.0695 per…

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…

Strategic Storage Trust IV Offering Declared Effective March 20, 2017 | by James Sprow | Blue Vault Strategic Storage Trust IV, Inc. announced that its registration statement pertaining to an initial public offering of approximately $1.095 billion in shares of common stock was declared effective by the Securities and Exchange Commission on March 17, 2017. Strategic Storage…