AltsTech News
AltsTech News
Blackstone Real Estate Income Trust Completes Acquisition of Simply Self Storage for Approximately $1.2 Billion
NEW YORK–(BUSINESS WIRE)–Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced that it has completed its previously announced acquisition of…
Hotels Buyers and Sellers Remain Deadlocked
Investors have stashed away billions of dollars to buy hotel properties hurt by the economic chaos caused by the coronavirus. But…
U.S. Sublease Office Space Soars in Third Quarter, to Near 2009 Peak
Driven by a combination of continued remote working, workforce reduction and economic uncertainty, it’s not surprising that 80 percent of markets tracked by real estate services…
Blackstone Real Estate Income Trust Provides Portfolio Update and November NAV
“For the month ended November 30, 2020, BREIT’s Class S NAV per share increased $0.12, from $11.36 as of October 31, 2020, to $11.48 as of…
CION Investment Corporation Declares Distributions
On December 17, 2020, CION Investment Corporation (“CION”) declared its regular monthly cash distribution for January 2021 and a special cash distribution for…
Data Center M&A Deals Cross The $30B Mark In 2020
It has been a historic year for investment and consolidation in the data center industry…
Steadfast Apartment REIT Declares January Distributions
On December 16, 2020, the Board of Directors of Steadfast Apartment REIT, Inc. (the “Company”) approved and authorized a daily distribution to…
CIM Income NAV Declares December Distribution and Year-End Distribution
The December Distribution will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan.
JLL Income Property Trust Continues Significant Leasing Momentum Across Industrial Portfolio
Chicago (December 15, 2020) – JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced the…
Leitbox Storage Partners Announces Full-Cycle Disposition of its Palma Ceia Storage Property to CubeSmart
“This stabilized asset exceeded pro forma expectations by generating an annual 27% IRR for our investors. This represents another full-cycle exit for Leitbox ahead of our return targets.”
Triton Pacific’s Quick Serve Restaurants Offer Tasty Resilience
We recently spoke with Brian Buehler, President and CEO at Triton Pacific Securities, about the performance of their Quick Service Restaurant…
Which fund filed an offer to purchase any and all shares of United Development Fund IV, Inc. ?
Answer: NexPoint Strategic Opportunities Fund (NYSE:NHF) (“NHF”) announced on December 14, 2020, the commencement of an offer to purchase any and all…
Which nontraded REIT raised $17.4 million in net proceeds from preferred stock issuances in the nine months ended September 30, 2020?
Answer: Cottonwood Communities, Inc. raised approximately $17.4 million from preferred stock issuances during the first nine months of 2020, as well as…
Fleeing New Yorkers resulted in an estimated $34 billion in lost income -study
Millions of people have moved out of New York City during the pandemic, but at the same time, millions of others with lower incomes have taken their place…
NYC Rent Declines Surpass Those of the Great Recession
NEW YORK, Dec. 16, 2020 /PRNewswire/ — New York City rents have fallen more this year than they did during the Great Recession, according to…
Distressed Commercial-Property Sales Seen Surpassing Last Crisis
An estimated $126 billion in commercial real estate will be forced to sell at distressed prices through 2022, more than the first two years after…
Hartman Short Term Income Properties XX Announces $11.16 NAV
On December 10, 2020, the board of directors of Hartman Short Term Income Properties XX, Inc., including all independent directors determined an estimated…
Phillips Edison & Co. Increases Tender Offer to 17,400,000 Shares
The nontraded REIT announced on November 10, 2020, a tender offer for 4,500,000 shares at $5.75 per share that was set to expire on December 15 at…
Multifamily Investors Are Ending 2020 on a Brisk Buying Clip
Apartment investors are in a hurry to make up for lost time. They are trading billions of dollars in apartment properties—a pace of activity…
More Multifamily Loans Showing Signs of Vacancy Distress
Located at 8 Spruce Street in New York’s Financial District is the New York by Gehry. The 76-story tower sports one of Manhattan’s most interesting designs, with the exterior…
