AltsTech News
AltsTech News
ExchangeRight Fully Subscribes Another Net-Leased DST Offering
ExchangeRight has fully subscribed its all-equity $23.77 million Net-Leased Portfolio 44 DST offering. The tenants included in the portfolio…
Which investment manager has a total of 825+ properties in its 1031-exchangeable DST portfolios that include at least three retail tenants that provide COVID-19 vaccine distribution?
Answer: ExchangeRight has several tenants, including Dollar General, CVS and Walgreens that are doing their part in the nation’s effort toward immunization…
SmartStop Self Storage REIT, Inc. Acquires Self Storage Facility in Riverside, California
SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self storage company…
More than 1,300 department stores closed last year — here’s how malls are scrambling to survive
More than 8,000 major retail stores nationwide closed in 2020, according to Coresight Research. Of them, 1,347 were…
Blackstone’s Gray Talks Recovery Plays, Perpetual Funds as Pandemic’s End Nears
With expectations that the end of the pandemic is near, The Blackstone Group Inc. is focusing on investments in companies expected to benefit…
The Southwest Is America’s New Factory Hub. ‘Cranes Everywhere.’
Companies producing everything from steel to electric cars are planning and building new plants in Southwest states, far from historical hubs of American industry in the…
Construction Costs Cut into Yields for Apartment Developers
Apartments investors have had to adjust their expectations—and their construction budgets—to account for…
Which closed-end fund managed by NexPoint Advisors is in the process of converting to a diversified REIT?
Answer: NexPoint Strategic Opportunities Fund (NYSE: NHF); On March 31, 2021, the Company filed an application with the Securities and Exchange Commission (the “SEC”) for an order under…
US Hotel Occupancy Peaks Ahead of Memorial Day
Occupancy at U.S. hotels in the week ended May 29 rose to its highest level at 61.8% since late February 2020, buoyed by the Memorial Day weekend, according to…
Leitbox Commentary on the National Self Storage Association Conference
Our entire development team attended the National SSA Conference last week in Nashville, Tennessee. With a packed house of industry participants…
Blackstone REIT and Blackstone Infrastructure Partners to Acquire Data Center REIT
The Blackstone Group Inc. funds reached an agreement to acquire data center real estate investment trust QTS Realty Trust Inc. in a $10 billion transaction, including…
Federal Budget For ‘Made In America’ Manufacturing Could Mean Even More Industrial Demand
In its proposed fiscal year 2022 U.S. federal budget, the White House allocated $600B in funds to support the creation of U.S.-based manufacturing jobs. The administration intends…
KBS Real Estate Investment Trust III Commences $350 Million Self-Tender Offer
KBS Real Estate Investment Trust III, Inc.’s (the “Company”) board of directors has approved a self-tender offer for shares of the Company’s common stock, par value $0.01 per share, to commence on…
Net-Lease Investment Activity Close to Pre-Pandemic Levels
Investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust institutional acquisition activity, increased interest in office assets as…
Off-Campus Student Housing Emerges from COVID-19 on Strong Footing
Despite navigating through the uncertainty of school closings, hybrid learning and various restrictions on…
Prologis to Sell US Industrial Building Portfolio to Black Creek Industrial REIT IV
Affiliates of industrial real estate investment trust Prologis Inc. agreed to sell the entire fee interest in 48 industrial buildings across…
What Could The $2.25 Trillion Infrastructure Bill Mean For The Real Estate Industry?
The American Jobs Plan is a proposed $2.25 trillion infrastructure bill that President Joe Biden is trying to steer through Congress. The wide-spanning bill covers…
Another Voice: Capping 1031 exchanges is a recipe for stagnation, not recovery
A substantial reinvestment to repurpose these properties and redevelop commercial spaces will be required for the economy to regain its strength.
44 REITs cut dividend payments amidst pandemic; another 22 suspend payments
While many real estate investment trusts cut dividend payments amidst the pandemic in an effort to help preserve liquidity…
Which financial technology platform that is driving access and efficiency in alternative investing was recognized by Forbes on its 2021 America’s Best Startup Employers list on April 5, 2021?
Answer: iCapital ranked 181 on the second annual list of the 500 companies leading dynamic workforces…
