March 25, 2016 | by Barbra Murray | Commercial Property Executive American Realty Capital NYC REIT will pay $180 million to acquire the Manhattan office asset from an affiliate of The Blackstone Group. New York—Slowly but surely, American Realty Capital New York City REIT Inc.’s portfolio is getting bigger and bigger. The public non-traded REIT will add…

March 29, 2016 03:55 PM Eastern Daylight Time IRVINE, Calif.--(BUSINESS WIRE)--Steadfast Apartment REIT, Inc. (STAR) announced today the determination of an estimated value per share of the company’s common stock of $14.46 as of December 31, 2015. The estimated value per share was determined by STAR’s board of directors after independent, third-party firms conducted property-level…

March 28, 2016 11:24 AM Eastern Daylight Time TAMPA, Fla.--(BUSINESS WIRE)--Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”) announced the acquisition of data center properties totaling approximately $24.2 million in aggregate purchase price. CVMC REIT II acquired the Alpharetta Data Center III property (“ADC III”) on February 2, 2016 for approximately $15,750,000. ADC…

March 22, 2016 8:55 AM | Yahoo Finance CHICAGO, IL--(Marketwired - Mar 22, 2016) - JLL Income Property Trust (the "Company"), an institutionally-managed, non-listed, daily valued perpetual life REIT (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX) (NASDAQ: ZIPIAX) (NASDAQ: ZIPIMX), announced that on March 8, 2016 its board of directors declared a regular quarterly dividend of $0.12 per…

MARCH 24, 2016 | by EPR RETAIL NEWS EDITORS InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that Julian E. (“Jay”) Whitehurst, President and Chief Operating Officer of National Retail Properties, Inc. (NYSE:NNN) has been appointed to the InvenTrust Board of Directors, effective immediately. With this addition, the InvenTrust Board now consists of six directors. “Jay…

Posted on March 24, 2016 by Haisten Willis in Office, Texas BELLAIRE, TEXAS — KBS Strategic Opportunity REIT, a non-traded real estate investment trust based in Newport Beach, Calif., has signed nine leases totaling 60,227 square feet at West Loop I & II in Bellaire with tenants in the medical and financial industries. Bellaire Dermatology…

Thursday, 24 March 2016 10:07 | Written by  MiBiz Staff | MiBiz LANSING — An affiliate of a New York City-based investment firm has acquired a hotel in Lansing. The property in question is the Hampton Inn hotel at 900 North Canal Road in Lansing, according to a statement from real estate research firm CoStar Group…

CINCINNATI AND NEW YORK – March 23, 2016 – Phillips Edison Grocery Center REIT II, Inc. and TPG Real Estate, the real estate platform of leading global private investment firm TPG, today announced the formation of a partnership (the “Partnership”) to acquire high-quality, value-added grocery-anchored shopping centers throughout the United States. The Partnership will invest…

Mar 22, 2016, 8:21am CDT | Laura Furr | Houston Business Journal A Denver-based company has purchased close to 200,000 square feet of industrial space in Houston as part of a larger deal spanning across Texas, Kentucky and Oklahoma. Industrial Property Trust purchased the building at 302 West Road, near the convergence of Beltway 8 and Interstate…