Events
NorthStar/RXR New York Metro Real Estate Acquires Manhattan Office Building January 9, 2017

NorthStar/RXR New York Metro Real Estate Acquires Manhattan Office Building

NorthStar/RXR New York Metro Real Estate Acquires Manhattan Office Building January 9, 2016 | by James Sprow | Blue Vault On December 29, 2016, NorthStar/RXR New York Metro Real Estate, Inc., a nontraded REIT, through a subsidiary of its operating partnership, completed a $2.5 million follow-on investment, including closing costs, in 1285 Avenue of the…
CION Investment Corporation Reduces Sales Load January 6, 2017

CION Investment Corporation Reduces Sales Load

CION Investment Corporation Reduces Sales Load January 6, 2017 | by James Sprow | Blue Vault CION Investment Corporation (CIC) announced on January 3, 2017, a reduction in the sales load for their continuous public offering of common stock from 10% to 5% and a reduction in the dealer manager fee from 3% to 2%.…
When does a REIT stop paying a “stockholder servicing fee” on its Class T shares? January 5, 2017

When does a REIT stop paying a “stockholder servicing fee” on its Class T shares?

When does a REIT stop paying a “stockholder servicing fee” on its Class T shares? The REIT will cease the payment of trailing “stockholder servicing fees” on its Class T shares when the total upfront selling commissions, dealer manager fees and stockholder servicing fees reach a certain percentage of gross proceeds from the sale of…
Trump adviser, Nasdaq CEO among 2016’s most influential in financial services January 5, 2017

Trump adviser, Nasdaq CEO among 2016’s most influential in financial services

Trump adviser, Nasdaq CEO among 2016's most influential in financial services Dec 30, 2016 | By Matthew Rybaltowski | S&P Global Market Intelligence A pair of political shocks stemming from the outcome of the U.S. presidential election and a landmark U.K. referendum dominated headlines in the financial services industry in 2016. The U.S. Department of Labor's…
Inland Real Estate Investment Corporation Announces Strategic Relationship with Sound Point Capital Management, LP January 5, 2017

Inland Real Estate Investment Corporation Announces Strategic Relationship with Sound Point Capital Management, LP

Inland Real Estate Investment Corporation Announces Strategic Relationship with Sound Point Capital Management, LP January 03, 2017 11:30 AM Eastern Standard Time   OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Investment Corporation (“Inland Investments”), one of the nation’s largest sponsors of alternative public and private real estate securities, announced today a strategic relationship with Sound Point…
Blackstone’s Nontraded REIT Has Broken Escrow January 5, 2017

Blackstone’s Nontraded REIT Has Broken Escrow

  Blackstone’s Nontraded REIT Has Broken Escrow    January 5, 2017 | By James Sprow | Blue Vault   Blackstone Real Estate Income Trust, Inc. announced on January 4 that it has broken escrow with approximately $279 million in net proceeds for its continuous public offering. As of January 1, 2017, the Company had issued and sold 27,859,345…
NorthStar and Colony Merger Expected to Close January 10th January 5, 2017

NorthStar and Colony Merger Expected to Close January 10th

NorthStar and Colony Merger Expected to Close January 10th January 5, 2016 | by James Sprow | Blue Vault The shareholders of Colony Capital Inc., NorthStar Asset Management Group Inc. and NorthStar Realty Finance Corp. voted to approve the merger of the three companies on December 20, 2016. The merger was reported to be the…
Jay Clayton as Next SEC Chairman January 5, 2017

Jay Clayton as Next SEC Chairman

Jay Clayton as Next SEC Chairman January 5, 2016 | by James Sprow | Blue Vault President-elect Donald Trump plans to nominate Jay Clayton, a partner in Sullivan & Cromwell LLP, to be the next chairman of the Securities and Exchange Commission. Clayton has worked with Wall Street firms to do M&A deals, prepare initial…

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