AltsTech News
AltsTech News
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…
Capital Square Apartment REIT, Inc. Acquires a Newly Constructed Class A Multifamily Community in Greater Richmond, Virginia
Capital Square Apartment REIT, Inc. announced today its acquisition of Sapphire at Centerpointe, a Class A, 192-unit multifamily community…
Corporate Office Properties Enters $119M Data Center Joint Venture with Blackstone
Corporate Office Properties Trust formed a new joint venture with funds affiliated with Blackstone REIT, a unit of private equity giant…
Invesco Backs Mynd to Spend $5 Billion on Single-Family Rentals
Funds managed by Invesco Real Estate are backing Mynd Management to spend as much as $5 billion, including debt, purchasing about…
Seniors Housing Demand Will Soon Be At Its Highest Point Ever
There is no question the pandemic hit seniors housing hard. In some cases, facilities had to manage COVID-19 outbreaks that put patients and…
How does Legendary Capital utilize an UPREIT to provide liquidity to investors?
Answer: In a 721 UPREIT (Umbrella Partnership REIT) transaction, property is contributed to a REIT’s operating partnership…
JLL Income Property Trust Secures $650M Credit Facility
JLL Income Property Trust, which in recent months has increased its industrial holdings, has secured a $650 million credit facility to continue its…
