AltsTech News

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…

Luxury Home Sales Surge 42% in the Third Quarter as Sales of Affordable Homes Falter, Highlighting the Pandemic’s Uneven Impact on Americans With Less Wealth

A relative abundance of expensive homes is supporting sales at the high end and giving luxury homebuyers plenty of options to choose from. Meanwhile, sales of…

CRE Asset Classes Post Increase in Asking Rates, Pricing In Sept.

The commercial real estate market is showing distinct signs of recovery. In September, asking rents increased by 3.5% across asset classes and price per-square-foot rose by…

Inland Real Estate Acquisitions, LLC Closes the Purchase of a Beachfront Multifamily Property in Long Beach, NY

“10 West Apartments’ premier location with high quality amenities and panoramic ocean views is an attractive option for New Yorkers looking to transition from the city to the suburbs without compromising on luxury…”

Leitbox Successfully Sells Mixed Use Storage Development

One of the advantages of self-storage as an asset class cited by Bill Leitner, Managing Principal of Leitbox Storage Partners, is the ability to…

Out of 61 active nontraded REITs as of June 30, 2020, how many were not making cash distributions?

Answer: 26 nontraded REITs had suspended distributions as of June 30…

NexPoint Strategic Opportunities Fund Announces Tender Offer for up to 15 Million Common Shares in Exchange for $150 Million in Preferred Shares and Cash, Provides Update on Monthly Distribution and REIT Transition Process

The Fund will conduct the Exchange Offer through a procedure called a “Modified Dutch Auction.”

Of the 61 active nontraded REITs as of June 30, 2020, how many were paying distributions at 6% or greater as a percentage of the offering price?

Answer: Seven nontraded REITs were paying distributions at 6.0% or greater as a percentage of the…

Phillips Edison & Company to Issue Third Quarter 2020 Earnings Release and Host Results Webinar Presentation

CINCINNATI–(BUSINESS WIRE)– Phillips Edison & Company, Inc., an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest owners and…

More Than Half Of Tech Companies Plan To Dispose Of Real Estate In Coming Months

Technology companies across the country expect to need less office space in the coming years, a sign of falling demand in the…

The Urban Exodus Could Be Temporary

There has been a lot written and said about COVID-19 and teleworking friendly work policies sending urbanites permanently into the suburbs and…

SmartStop Asset Management’s YOUnion-Branded Student Housing Portfolio Reaches Occupancy Rate of 98.4%

LADERA RANCH, Calif. – (Oct. 14, 2020) – SmartStop Asset Management, LLC (“SmartStop”), announced today that the portfolio of student housing…

Inland Private Capital Corporation Provides Liquidity, Maximizes Value of Grocery-Anchored Shopping Center in Latest DST Transaction

The sale resulted in a return of capital to investors of approximately 67 percent of their original investment.