KBS REIT III to Explore Strategic Alternatives, Potential NAV REIT Conversion

KBS Real Estate Investment Trust III Inc., a publicly registered non-traded REIT, plans to explore strategic alternatives in an effort to provide liquidity to its stockholders. The company noted that one of the strategic alternatives could be a potential conversion of the company into a NAV REIT, where shares are valued as often as daily, […]

KBS REIT III to Sell 11 Properties to Singapore REIT in Billion Dollar Deal

KBS Real Estate Investment Trust III Inc., a publicly registered non-traded REIT, has agreed to sell 11 properties to various subsidiaries of Prime US REIT, a newly formed Singapore real estate investment trust that is expected to be listed on the Singapore Stock Exchange. The sale price of the portfolio is $1.2 billion, and the […]

CNL Healthcare Properties Issues First Special Distribution, Changes NAV and Distribution Rate

The board of CNL Healthcare Properties, a publicly registered non-traded real estate investment trust, has approved a $2.00 per share special distribution to shareholders following the recent sale of 59 assets, including 55 medical office buildings to Welltower Inc. (NYSE: WELL) for $1.25 billion. The board also updated the company’s estimated net asset value per share and adjusted the […]

CNL Healthcare Sells Medical Portfolio to Welltower for Nearly $1.3 Billion

CNL Healthcare Properties Inc., a publicly registered non-traded real estate investment trust, has sold a portfolio of 55 Class A healthcare facilities to Welltower Inc. (NYSE: WELL) for $1.25 billion. “The sale of our 55 building, Class A medical office portfolio to Welltower represents a strong, early value realization step for CNL Healthcare Properties and our approximately […]

Everest Completes Unsolicited Tender Offer for Shares of CNL Healthcare

Everest REIT Investors I LLC and Everest REIT Investors III LLC, two privately-held real estate investment companies, have completed their unsolicited tender offer for shares of CNL Healthcare Properties Inc., a publicly registered non-traded real estate investment trust. In July, Everest offered to purchase up to 8.8 million shares of CNL Healthcare common stock for […]

Hines Global to Sell 10 European Logistics Properties to Blackstone Affiliate for $526.9 Million

Hines Global REIT Inc., a publicly registered non-traded real estate investment trust, has agreed to sell 10 logistics properties located in Germany and Poland to affiliates of the Blackstone Group (NYSE: BX) for approximately $526.9 million (€450.0 million), excluding closing costs. REIT shareholders approved the company’s plan of liquidation and dissolution earlier this month. The […]

Everest REIT Investors Launches Tender Offer for CNL Healthcare Shares

Everest REIT Investors I LLC and Everest REIT Investors III LLC, two private real estate investment firms, have launched an unsolicited tender offer to purchase nearly 8.8 million shares of CNL Healthcare Properties Inc. common stock for $7.50 each. Unless amended, the offer will expire at 9:00 pm PST on August 31, 2018. CNL Healthcare […]

Hines Global REIT Proceeds With Liquidation, Puts 7 Properties On The Block Separately

Hines Global REIT is taking seven of its U.S. office properties to market separately, with Eastdil Secured overseeing the sales. Three of the properties are in Massachusetts, two are in California, and one each is in Washington, D.C., and Minnesota. The office buildings total about 2.2M SF all together. Courtesy of Hines Global REIT The Campus […]

American Finance Trust recently announced planned stock listing for July 2018

American Finance Trust, Inc. (AFIN) has announced the Company’s planned July 2018 listing of its common stock on the NASDAQ under the ticker symbol AFIN. On June 29, 2018, American Finance Trust, Inc.  announced that its board of directors has approved a plan to list the Company’s common stock on the Nasdaq Global Select Market […]