AltsTech News
AltsTech News
Rents Plummet on Urban Apartments
Thousands of apartments stood empty in August 2020 that had been occupied only a few months before in urban cores across the country, including in previously white-hot markets like…
U.S. single-family homebuilding, permits surge to more than 13-year high
WASHINGTON (Reuters) – U.S. single-family homebuilding raced to a more than 13-year high in September, cementing the housing market’s status as the star of the economic recovery…
Jones Lang LaSalle Income Property Trust Delivers Positive Q3 2020 Returns
In a letter to shareholders dated October 19, 2020, Jones Lang LaSalle Income Property Trust, Inc. reports a third quarter 2020 total return of…
Self-Storage Sector Holds Up Amid the Pandemic
A confluence of factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by…
California’s Proposition 21 Could Stifle Multifamily Property Investments
According to a recent report by Marcus & Millichap, California’s Proposition 21 that is on the November ballot could place restrictions on apartment owners and create…
Which two nontraded REITs completed a merger on October 5, 2020?
Answer: Pacific Oak Strategic Opportunity REIT II, Inc. merged with Pacific Oak Strategic Opportunity REIT, Inc. on October 5, 2020. Each issued and…
Which two alternative investment sponsors covered by Blue Vault invest exclusively in self-storage properties?
nswer: SmartStop and Leitbox sponsor alternative investment programs that focus exclusively on self-storage properties…
Commercial REITs for Small Investors See Increasing Demand
A new type of commercial real-estate fund that targets small investors is raking in money again after demand cooled during the early months of the…
Griffin Capital Essential Asset REIT Posts Increased NAV
The board of directors of Griffin Capital Essential Asset REIT, Inc., posted the quarterly update to the REIT’s estimated net asset values per share on…
L.A. office leasing feels the COVID effect
The impact of COVID-19 reverberated through the Los Angeles County office market in the third quarter as many businesses kept employees at home and managers put off decisions about their…
CRE Investors: Funding Hurdles Will Be Too High for Some Asset Classes
One in four commercial real estate professionals believe some asset classes will no longer be eligible for funding as a result of the impacts of the COVID-19 pandemic, says Duff & Phelps after…
Retail Property Markets and REITs are Recovering
The three most important factors in real estate—location, location, location—all apply in the retail market. Retail properties in areas with little job growth and lower incomes have been…
Steadfast Apartment REIT Distribution Declaration
On October 14, 2020, the Board of Directors of Steadfast Apartment REIT, Inc. approved and authorized a daily distribution to stockholders of record as…
Offices, Hotels, and Restaurants Will Eventually Fill Back Up—But With Long-Term Structural Changes
With office closures, strict limits on restaurants, and drastically reduced foot traffic at retail shops and small businesses, the state of the commercial real estate market is a far cry from…
NMHC Rent Payment Tracker Finds 86.8 Percent of Apartment Households Paid Rent as of October 13
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.8 percent of apartment households made a full or partial rent payment by October 13 in its survey…
Impact of COVID-19 on Financial Reporting in the Real Estate Industry
As the third quarter comes to a close, the impact of COVID-19 on the U.S. economy continues to be felt. In fact, according to Reuters, the U.S economy suffered its biggest blow since…
Increasing Demand for Cold Storage Spurs Spec Projects, Institutional Investment
U.S. online grocery sales continue to accelerate amid escalating COVID-19 cases, and this trend is likely to continue long after the pandemic subsides, boosting demand for…
US Weekly Hotel Occupancy Hits 50%
U.S. hotel occupancy in the week ended October 10 reached 50% for just the second time since the low point of the coronavirus pandemic, according to…
Blackstone REIT to Acquire San Jose Office Complex
The Blackstone Group Inc. agreed to acquire a two-building office complex in San Jose, Calif., through its…
Which three CIM sponsored nontraded REITs will merge into CIM Real Estate Finance Trust, Inc. if shareholders approve the merger proposals annnounced in an Agreement and Plan of Merger on August 30, 2020?
Answer: Cole Credit Property Trust V, Inc., CIM Cole Office & Industrial REIT (CCIT II), Inc., and Cole Office & Industrial REIT (CCIT III), Inc. will merge with…
