AltsTech News

Brian Jones of Envision Financial Systems wins 2020 Nicsa NOVA Strategic Leadership Award

(Costa Mesa, Calif., Dec. 17, 2020) – Envision Financial Systems, Inc., a leading provider of real-time investor recordkeeping technology and transfer agency services, is proud to announce…

Envision’s Lani Oneil Appointed to Nicsa Alternative Investments Committee

(Costa Mesa, Calif., Dec. 18, 2020) – Envision Financial Systems, Inc., a leading provider of real-time investor recordkeeping technology and transfer agency services, announced the…

Nontraded REITs Compare Favorably When Market Volatility Increases

In the history of the nontraded REIT industry, it has been difficult to make a case for the stability of REIT pricing compared to listed REITs because the…

2021 Outlook for REITs and Commercial Real Estate: Risk and Resilience

The outlook for 2021 remains uncertain, in part due to the continuing risks from the coronavirus (as of this writing, new cases of COVID-19 were surging, but three vaccines had been reported to…

Hilton Times Square Owner Gives Property to Mortgage Lender

The owner of the Hilton Hotel in Times Square has given the keys to the hotel back to its mortgage holder…

Retail rents tumble to historic lows in New York City amid bankruptcies and store vacancies

Rents for retail space in New York City have tumbled to historic lows, dropping as much as 25% from 2019 levels, as troubled retailers like Neiman Marcus and Century 21 closed stores and…

Listed REITs Closed 2020 at a Median 3.9% Discount to NAV

In a January 7, 2021, report by S&P Global, publicly traded U.S. equity REITs closed 2020 at a median of 3.9% discount to their consensus…

Net Lease Sector Showed Strength in the Fourth Quarter of 2020

While many sectors of commercial real estate continued to struggle in the fourth quarter of 2020, investors’ preference for net lease assets remained strong. Investment sales activity…

5 predictions for 2021

NASHVILLE, Tennessee—After the events of 2020, quite a bit of the near-term hotel industry outlook is decidedly better, which is not hard to imagine. But just like with all recoveries…

Interested Investors Overwhelm the Market for Data Center Properties

Data centers as an asset class have thrived under the COVID-19 pandemic. All those Zoom calls and online transactions generate data that needs…

ExchangeRight Lifetime Charitable Donations Surpass $41 Million, Contributing Over $16 Million in 2020

PASADENA, Calif. – ExchangeRight has announced that the company has had the opportunity to donate over $16.9 million in 2020 and…

Leitbox Storage Partners Acquires Majority Interest in Self-Storage Construction Services Company, WSJohnCo

“The acquisition of WSJohnCo represents our continued commitment to improve our programmatic development strategy…”

ICI report on ops headaches for interval fund sponsors flags areas where help is sorely needed, easily found

An interesting recent paper from the ICI Broker/Dealer Advisory Committee, “Consider This: Interval Fund Operational Practices,” looks at several functional areas…

Which nontraded REIT raised $139 million in equity capital in Q3 2020, placing second among all nontraded REITs in capital raised during the quarter?

Answer: Starwood Real Estate Income Trust raised $139 million, including DRIP proceeds, from the issuance of common stock in…

Bow River Capital Selects UMB Fund Services as Administrator of Firm’s First Registered Closed End Interval Fund

MILWAUKEE (Jan. 7, 2021) – UMB Fund Services (UMBFS), a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), is pleased to announce…

Which nontraded REIT outbid CIM Real Estate Finance Trust to acquire Cole Office & Industrial REIT II (CCIT II) in a stock-for-stock transaction?

Answer: Griffin Capital Essential Asset REIT, Inc. will acquire Cole Office & Industrial REIT II (CCIT II) in a…