AltsTech News
AltsTech News
Strategic Capital Fund Management Continues Its Expansion with Chief Financial Officer Hire
COSTA MESA, Calif.–(BUSINESS WIRE)–Strategic Capital Fund Management, an alternative investment product sponsor, is announcing that it has…
Which Atlanta-based company invests in hotels and also sponsors a Qualified Opportunity Fund?
Answer: Peachtree Hotel Group develops and invests in premium-branded, select- and limited-service and extended-stay hotel assets under…
Which two nontraded REITs will hold a shareholder vote on October 1, 2020, to complete a proposed merger?
Answer: Pacific Oak Strategic Opportunity REIT, Inc. (SOR) and Pacific Oak SOR II, LLC, an indirect wholly owned subsidiary of SOR…
Steadfast Apartment REIT Announces Internalization of Management
IRVINE, Calif., (Sept. 1, 2020) – Steadfast Apartment REIT, Inc., (the “Company”), today announced that it has transitioned to a self-managed company by purchasing…
Starwood REIT’s August 2020 Rent Collections Update
As of August 30, 2020, Starwood Real Estate Income Trust, Inc. has collected 96% of rent across all asset classes which continues to demonstrate that there has been…
Mall Anchor Industrial Conversions Are Generating Interest But Likely To Remain A Niche Trend
As the coronavirus pandemic continues to disrupt traditional retail models and e-commerce demand continues to soar, investors and developers are becoming increasingly interested in…
U.S. Real Estate Pain Leaves Foreign Investors Holding the Bag
(Bloomberg) — Foreign investors who backed real estate projects in return for U.S. visas are emerging as losers in the pandemic-driven commercial…
CRE Keeps Wary Eye On California Election’s Big-Ticket Items
California commercial real estate is keeping tabs on a number of items the state’s voters will decide come November, ranging from changing local transfer tax hikes to the groundbreaking…
New Yorkers Are Fleeing to the Suburbs: ‘The Demand Is Insane’
Over three days in late July, a three-bedroom house in East Orange, N.J., was listed for sale for $285,000, had 97 showings, received 24 offers and went under contract for…
MTA crisis could be catastrophic for New York real estate
As goes New York’s transit system, so goes its real estate. And the system is on the brink of…
US Hotel Occupancy in Week Ended August 22 Drops to 3-Week Low Amid Pandemic
U.S. hotels logged notable year-over-year declines in three key metrics for the week ended August 22 amid the coronavirus pandemic, with occupancy dropping to a three-week low…
Real Estate Market Crash Unlikely, Experts Say
As the COVID-19 pandemic made its way into the U.S. early this spring, wreaking havoc on the health-care system and almost paralyzing the entire economy, most industry specialists began…
The Legacy of Gerald Hines, Master Builder
Gerald D. Hines, the pioneering builder who died Sunday at the age of 95, changed skylines around the world and raised the bar for quality and style in commercial buildings. The founder…
Four CIM REITs to Merge
On August 30, 2020, four non-traded REITs sponsored by CIM Group agreed to merge in separate stock-for-stock…
Cottonwood Communities Reports Private Preferred Offering Sales
On November 8, 2019, Cottonwood Communities, Inc. (the “Company”) launched a best-efforts private placement offering exempt from registration pursuant to…
Why does Legendary Acquisitions offer an UPREIT program for owners of hotels?
Answer: In a 721 UPREIT (Umbrella Partnership REIT) transaction, property is contributed to a REIT’s operating partnership (OP) in exchange for a…
Blackstone Real Estate Income Trust Leads Syndicate Investment in Tricon
Canadian rental housing company Tricon Residential Inc. said it is poised to receive a US$300 million preferred equity investment from a syndicate of investors led…
It Appears that Companies Really Do Plan to Reduce Their Office Footprints
Two companies, both major players in their respective industries, in recent days have indicated that they are shifting their workforce policies to…
Office Concessions Are Here But Maybe Not for Too Long
As pandemic-led pressures mount for office landlords, they are ramping up offers of free rent and larger tenant-improvement allowances to…
U.S. Commercial-Property Prices Fall With Worst Yet to Come
U.S. commercial real estate prices are falling as the economic toll of the Covid-19 pandemic worsens — and the decline is just getting…

