Events from August 1, 2015 – December 17, 2019 › Smartstop › – Page 2871

Events

February 7, 2018

Blue Vault Discusses Velocity Ledger Blockchain-Enabled Trading Platform

Blue Vault recently discussed the coming Velocity Ledger (“VL”) blockchain-enabled trading platform for nontraded REIT shares, DSTs, limited partnership interests in joint ventures, and eventually, individual commercial real estate properties and portfolios, with two of the company’s principals, Jon Haahr of Silver Portal Capital and Julian Jacobson of Fundamental Interactions (“FI”).

February 7, 2018

Which healthcare-focused nontraded REIT provided its earliest investors with an annualized average rate of return of 9.28% via its 2017 full-cycle liquidity event?

Answer: Sentio Healthcare Properties, Inc. was sold to Kayne Anderson Real Estate Advisors on August 31, 2017 for $14.94 per share, resulting in an average annualized return to early investors of 9.28%, according to Blue Vault’s Fifth Edition Nontraded REIT Full-Cycle Performance Study.

February 6, 2018

Independent broker-dealers are stepping up their game on recruiting from the wirehouses

Independent broker-dealers have narrowed the gap between themselves and the wirehouses and are able to attract more quality brokers from the Big Four.

February 6, 2018

Industrial Income Trust Inc. recently completed its liquidation of remaining assets, which met Blue Vault’s definition of a full-cycle event. What was the estimated annualized return to its earliest investors who invested distributions in additional shares via the REIT’s DRIP?

Answer: According to Blue Vault’s Fifth Edition Nontraded REIT Full-Cycle Performance Study, early investors had an annualized rate of return over the life of the REIT of 8.10% if they reinvested all distributions via the DRIP.

February 5, 2018

Bluerock Residential Growth REIT (BRG) Fourth Quarter 2017 Earnings, Conference Call Set for February 14

Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company" or "BRG") will release its financial results for the fourth quarter ended December 31, 2017 before the market opens on Wednesday, February 14, 2018.

February 2, 2018

CIM Group Acquires Cole Capital from VEREIT

VEREIT, Inc. (NYSE: VER) on February 1 announced that it closed the sale of Cole Capital ("Cole") to an affiliate of CIM Group. VEREIT is a publicly-traded real estate investment trust formerly known as American Realty Capital Properties Inc.

February 2, 2018

SmartStop Asset Management, LLC Announces the Acquisition of a 760-Bed Student Housing Community Near University of South Carolina for $64.5 Million

SmartStop Asset Management, LLC (SmartStop) announced today that certain of its affiliates have acquired Aspyre at Assembly Station, a 400-unit, 760-bed student housing community for $64.5 million. The property is within walking distance of the University of South Carolina.

February 2, 2018

Bluerock Value Exchange Appoints Josh Hoffman as President

New York, NY (February 1, 2018) Bluerock Value Exchange (“BVEX”) has announced the appointment of Josh Hoffman as President. Mr. Hoffman will be responsible for oversight of BVEX’s investment programs, including product structuring, marketing, servicing and brand promotion.

February 2, 2018

Strategic Storage Growth Trust, Inc. Acquires 870-Unit Newly Constructed Self Storage Facility Near Miami, Florida

Strategic Storage Growth Trust, Inc., a public non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, announced today its purchase of an 870-unit self storage facility in the Miami suburb of Pembroke Pines, Florida. The facility was completed in early 2018.