REIT Lands Battle Creek Medical Office Building March 14, 2017 | by Laura Calugar | Commercial Property Executive  Griffin-American Healthcare REIT IV acquired a 46,000-square-foot property in Michigan. Battle Creek, Mich.—The co-sponsors of Griffin-American Healthcare REIT IV Inc., American Healthcare Investors and Griffin Capital Company LLC., recently announced the REIT’s purchase of Battle Creek Medical…

Investors accuse Nicholas Schorsch of plundering RCAP for own gain Unsecured creditors claim one-time REIT czar and his partners siphoned revenue from RCAP to enrich themselves, leaving shareholders in the lurch March 10, 2017 | by Bruce Kelly | InvestmentNews A group of investors has accused Nicholas Schorsch, the former nontraded REIT czar, and his partners of…

Hotel REITs Could Suffer from Oversupply March 3, 2017 | by Amey Stone | Barron's With demand for hotel rooms expected to be flat this year while supply surges, the real estate investment trusts that invest in hotels could suffer, finds CFRA analyst Ken Leon in a new report. He lowered its view on hotel real…

Summit Healthcare REIT, Inc. Acquires Interest in Two Skilled Nursing Facilities March 10, 2017 | by James Sprow | Blue Vault Summit Healthcare REIT, Inc. (“Summit” or the “REIT”) announced March 7 that it has acquired an interest in two skilled nursing facilities located in the Northeast on February 28, 2017. The facilities, acquired for a total purchase price of $27.0 million, consist of a total of 318 licensed beds, and will be operated by and leased to the existing operator. The acquisitions were made through Summit Fantasia Holdings II, LLC, a joint venture between Summit Healthcare Operating Partnership, LP (“Summit OP”), which is wholly owned by the REIT and Fantasia Investment III LLC (“Fantasia”), a U.S. based affiliate of Fantasia Holdings Group Co., Limited. Summit OP has previously partnered with Fantasia in a prior acquisition. “In this competitive market, we were pleased to find an opportunity that is a good fit for Summit,” said Kent Eikanas, President and Chief Operating Officer. “This is an exciting time for the REIT as we continue our expansion and diversification throughout the United States.” Summit is a publicly registered non­traded REIT that is currently focused on investing in senior housing real estate located throughout the United States. The current portfolio includes interests in 31 long­term triple­net leased healthcare facilities in 11 states. With the acquisitions, the REIT’s total bed count for its properties will exceed 2,500.  Over half of the…

Resource's Finkel Talks Housing Capitalizing on multifamily units may be a good alternative to stocks and bonds. March 3, 2017 | by Dawn Reiss | U.S. News & World Report As investors search for alternatives that can help diversify their stock and bond-laden portfolios, some are turning the real estate market. If you're not into flipping houses,…

Private RE Steps Up Co-Investment LONDON—Amid increasing competition among private equity real estate funds, “co-investment opportunities provide a perfect tool to attract investors,” says Andrew Moylan at Preqin. March 8, 2017 | by PAUL BUBNY | GlobeSt LONDON—With investors becoming more vocal about alternatives to the blind pool model, more private equity real estate funds are…

CRE Experts Give Forecast On 1031 Exchanges Under Trump Administration March 7, 2017 | by Cameron Sperance | Forbes A popular real estate investment vehicle could be in jeopardy under Republican-led tax reform. The “like-kind” or 1031 exchange was introduced in the 1920s to soften the tax burden on farmers looking to swap land. The rationale went something…

NREI Reports Sentiment on Market Cycle Phase Moves to ‘Peak’ Setting March 9, 2017 | by James Sprow | Blue Vault  The National Real Estate Investor (NREI) reported March 6, that the percentage of NREI readers who feel this market cycle is at its peak has moved up in February compared to January. 44 percent…

Helping women get ahead in financial services We have a responsibility to help strengthen our community wherever we can, and help it prepare to thrive in the years ahead March 3, 2017 | by Dale Brown | InvestmentNews.com While the Financial Services Institute will always be laser-focused on our mission of advocacy on behalf of our…