Resource Real Estate Nontraded REITs COO Kevin Finkel Resigns June 30, 2017 | by James Sprow | Blue Vault On June 27, 2017, Kevin M. Finkel notified the boards of directors of Resource Real Estate Opportunity REITs I and II, as well as Resource Income & Opportunity REIT, Inc. of his resignation as Chief Operating Officer and…

Institutional sponsors moving in on nontraded REIT market June 26, 2017 | by TOM YEATTS | S&P Global Market Intelligence  Regulatory changes and the departure of key sponsors have dramatically changed the nontraded real estate investment trust sector, and the players likely to dominate going forward will be much larger, with more prominent reputations, than their…

Carter Validus Mission Critical REIT II, Inc. Acquires Data Center in Atlanta, Georgia for $166 Million The acquisition of the property, which serves as the American Cancer Society’s Global Headquarters, adds nearly one million square feet of data center and office space to Carter Validus Mission Critical REIT II, Inc.’s portfolio. June 22, 2017 |…

Corporate Capital Trust II Expands Investment Opportunities with Exemptive Relief Order The SEC order will allow the company to co-invest in originated transactions alongside other KKR Credit accounts June 21, 2017 | by Corporate Capital Trust II Orlando, Fla., June 21, 2017 (GLOBE NEWSWIRE) -- The Securities and Exchange Commission issued an order granting exemptive relief…

Non-Traded REITs: Go Mainstream or Die Fundraising for the sector fell in 2016 due to the combination of impending regulatory changes and lackluster performance, notes Yardi Matrix Associate Director of Research Paul Fiorilla. The sector must continue to lower fees and improve liquidity to attract new investors. June 21, 2017 | by Paul Fiorilla | Commercial…

Blackstone may near $1bn for new non-traded REIT June 17, 2017 | Gulf Times Blackstone Group expects to reach the $1bn mark for its first non-traded Real Estate Investment Trust (REIT) by the end of the month, people with knowledge of the matter said. The asset manager had gathered $875mn from more than 6,500 investors…

Griffin Capital’s BDC to Merge with Griffin’s Credit Interval Fund June 16, 2017 | by Jared Schneider | Blue Vault According to a filing from Griffin Institutional Access Credit Fund, there will be a special stockholder meeting to vote on the combination and reorganization of Griffin-Benefit Street Partners BDC Corp. and Griffin Institutional Access Credit Fund.…

Sierra Income Corporation BDC Reduces Sales Load June 16, 2017 | by Jared Schneider | Blue Vault According to an announcement on June 15, 2017, Sierra Income Corporation reduced the upfront selling commission from 7.00% to 3.00% and the dealer manager fee was reduced from 2.75% to 2.50%. Additionally, the Advisor will pay the Dealer Manager…

REITs Helping Address Demand for Affordable Housing May 31, 2017 | by Michele Lerner | REIT.com The rallying cry “the rent is too damn high” by Jimmy McMillan, a 2010 candidate for governor of New York, still resonates seven years later for many. As new apartment developments become more luxurious, the availability of affordable rentals is…