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,…

Interval Funds are Having Their Moment March 21, 2017 | Barron's  Interval funds are proliferating as investors reach for yield, but the products have serious drawbacks, according to Morningstar. PIMCO last month launched an interval fund—PIMCO Flexible Credit Income—and registered to raise $1 billion in assets. In all, there are some 20 interval funds in…

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…

Stanger’s Editorial on the Moody National REITs I & II Merger and Moody’s Reply March 16, 2017 | by James Sprow | Blue Vault On March 10, Robert A. Stanger & Co. published a Special Report that harshly criticized the proposed merger of nontraded REITs Moody National REITs I and II. Among the many criticisms,…

Capital Square 1031 Completes Two Medical Office DST/1031 Exchange Offerings March 14, 2017 | Capital Square 1031 RICHMOND, Va. (March 14, 2017) – Capital Square 1031 announced today that its Delaware statutory trust offerings, CS1031 Birmingham MOB, DST and CS1031 Kinston MOB, DST, each comprised of a medical office building occupied by affiliates of Fresenius…