PHOENIX—In reporting the results of its audit committee's investigation, the net lease REIT said Monday it expects to name a new CEO and non-executive chairman “in the near term.”

NEW YORK CITY—By comparison to the commercial real estate world he came into, value and pricing today are “heavily influenced by the supply of capital and capital's demand for real estate,” Busi tells GlobeSt.com <b>EXCLUSIVELY</b>.

NEW YORK CITY—Reportedly the largest acquisition to date by a non-traded REIT, the deal offers “compelling value” on the basis of both price per key and yield, says chairman William Kahane.

CHICAGO—Global Logistics Properties, which will manage the platform via the existing IndCor team, plans to syndicate most of its 55% stake by summer.

NEW YORK CITY—When it comes to alignment of interests, investors rank fees as the area most need of improvement in four of five alternative asset classes, Preqin says.

NEW YORK CITY—The standalone NorthStar Realty Europe would enter the market at what NRF CEO David Hamamoto calls “a critical inflection point in the European real estate cycle.”

COLUMBUS, OH—WP Glimcher will continue to manage and operate the five retail properties, which are located in Arizona, Hawaii, Kansas, Ohio and Tennessee.

NEW YORK CITY—The nontraded REIT will pursue an acquisition strategy similar to its predecessor, with a portfolio ranging from branded hotels to mixed-use projects with non-lodging components.