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Monthly Archives: December 2019

Starwood REIT Buys Salt Lake City Multifamily Property

Starwood Real Estate Income Trust Inc, a perpetual-life monthly NAV REIT sponsored by private investment firm Starwood Capital Group, has purchased Avida, a multifamily...

Private Equity-Backed Wealth Enhancement Group to Buy $990 Million Hybrid

Wealth Enhancement Group, an independent wealth management firm that oversees $15.1 billion in client assets, has agreed to purchase BPU Investment Management Inc., a...

Cole Office & Industrial REIT Declares Special Distribution

The board of Cole Office & Industrial REIT Inc. (CCIT II), a publicly registered non-traded real estate investment trust, has authorized a $1.03 per...

Rich Uncles REITs Shareholders Approve Merger

Shareholders of RW Holdings NNN REIT Inc., a publicly registered non-traded real estate investment trust also known as Rich Uncles NNN REIT Inc., and...

Strategic Capital Hires Former Digital Realty Trust Exec to Run Data Center Platform

Strategic Capital Fund Management, an alternative investment product sponsor and asset management arm affiliated with SC Distributors, has hired Bryan Marsh to lead its...

Strategic Storage Trust IV Buys First Self Storage Facility in the Phoenix Area

Strategic Storage Trust IV Inc., a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT Inc., has...

Treasury Releases Final Rules on Opportunity Zones

The U.S. Treasury Department and the Internal Revenue Service have issued final regulations implementing the opportunity zone tax incentive. Opportunity zones, created by the Tax...

Blackstone REIT Increases Monthly NAV Per Share

Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), updated the monthly net...

RREEF Property Trust Buys Industrial Distribution Center Near Seattle

RREEF Property Trust Inc. (NASDAQ: ZRPTAX; ZRPTIX; ZRPTTX), a publicly registered, daily NAV REIT advised by DWS Group, has purchased a 210,300-square-foot industrial distribution...

Capital Square Launches OZ Fund for Third Richmond Multifamily Development

Capital Square, a sponsor of tax-advantaged real estate investments, has launched CSRA Opportunity Zone Fund III LLC. The project-specific opportunity zone fund is raising...