CALABASAS, CA—Effective at the end of March, the retirement of John Kerin and promotion of Hessam Nadji are "a natural and positive transition," says Marcus & Millichap founder George Marcus.

NEW YORK CITY—A total of 103 investors committed capital to the locally based real estate investment management company's latest opportunistic fund, according to SEC filings.

NEW YORK CITY—The first-ever survey of C-suite executives from Altus, NAREIT and NCREIF offers industry perspective from "the decision makers who are leading it," says NAREIT's Wechsler.

CHARLOTTE, NC—Shares in the student housing REIT, which has ownership interests in 79 student housing properties with over 42,000 beds, will cease trading at the close of business Wednesday.

NEW YORK CITY—Although the five-year maturities occurring in 2016 are dwarfed by 2006-vintage securitizations, "loans which have been underperforming will have a difficult time refinancing in a market facing numerous challenges," says Fitch Ratings.

NEW YORK CITY—With the residential mREIT sector having faced "significant headwinds over the past several quarters," Apollo Residential Mortgage's Thomas D. Christopoul says the pending sale "serves the best interests of our stockholders."

McLEAN, VA—CEO Christopher Nassetta says spinning off Hilton Worldwide's real estate and timeshare business takes advantage of "both organic and inorganic growth opportunities as well as capital market and tax efficiencies."

NEW YORK CITY—Led by Global Logistics Properties, overseas buyers were the largest purchasers of US industrial assets in 2015, according to Real Capital Analytics.