AltsTech News

Bluerock Residential Growth REIT Announces Partial Redemption of 8.250% Series A Cumulative Redeemable Preferred Stock

NEW YORK, Sept. 21, 2020 /PRNewswire/ — Bluerock Residential Growth REIT, Inc. (the “Company”) announced today that it intends to redeem 1,393,294 shares of its…

AIX and Great Lakes Fund Solutions Announce Integration

AIX and Great Lakes Fund Solutions Announce Integration AIX and Great Lakes offer seamless,...

What percentage of the $1.67 billion raised by nontraded REIT programs in Q2 2020 was raised by continuous offerings and what percentage was raised by traditional life cycle REITs?

Answer: 99.1% of the offering proceeds raised by nontraded REITs in Q2 2020 was raised by continuously offered programs. Just 0.9% was raised by…

Self Storage Rents Continue Recovery Despite COVID-19

Despite severe economic distress caused by the global health crisis, the self storage sector continued to hold steady in August. Over the past 12 months, street-rate rents declined…

ExchangeRight August and September Rent Collections Update

PASADENA, Calif. – ExchangeRight is pleased to announce that it has collected 100% of August and September rent from its net lease tenants on behalf of…

How many nontraded REIT mergers have occurred since January 2019?

Answer: There have been five completed mergers of NTRs since January 1, 2019. There have been eleven NTRs involved in those mergers and…

Black Creek Group Sees E-commerce Continue to Positively Impact Industrial Demand Particularly in Coastal and Urban Markets

DENVER, September 22 — Black Creek Group, a Denver-based real estate investment management firm with a more than 25-year history, today announced…

ExchangeRight Fully Subscribes $39.08 Million Offering Focused on Creditworthy Essential Businesses

PASADENA, Calif. – ExchangeRight has fully subscribed its $39.08 million Net-Leased Portfolio 37 DST, an offering designed to generate stable income and…

A $700 Million CMBS Portfolio Is On the Brink as Malls Collapse

Bond investors who wagered on a group of malls owned by Barry Sternlicht’s Starwood Capital Group are starting to take losses after the Covid-19 pandemic shuttered stores…

How PGIM Has Been Adjusting its Investment Strategy

The COVID-19 pandemic has not only supported the continued rise of e-commerce and demographic shifts in the multifamily sector, but significantly accelerated those…

CRE Is Still Attractive for Investors, Says Black Creek CEO Dhanda

The coronavirus pandemic may have kept some commercial real estate investors largely on the sidelines, but real estate investment manager Black Creek Group LLC has unquestionably…

Marcus & Millichap: Retail Sales Research Brief

Consumer spending growth normalizes in August. Retail sales from the U.S. Census provides a glimpse into the pace of an economic expansion without additional support from…

Cushman & Wakefield closes sale of first two phases of Nashville industrial park

Cushman & Wakefield has arranged the sale of Phase I and II of Airport Logistics Park, a new 397,981-square-foot industrial park in…

Recent Consolidation Trends in the Nontraded REIT Sector

The recent September 8, 2020, announcement by Resource of merger agreements for Resource Opportunity REIT (REIT I), Resource Opportunity REIT II…

Subleasing, Rent Pressures Spell Trouble for the Office Sector

Given corporate America’s reluctance to return to offices rather than work from home, current conditions in office properties—and the likely near-term future—are looking…

Which nontraded REIT offering raised approximately $623 million in equity capital, including DRIP proceeds, in the first quarter of 2020, after a successful full-cycle event by the same sponsor in January 2020?

Answer: Black Creek Industrial REIT IV saw a large increase in gross offering proceeds in Q1 2020 after the successful sale of assets by…