AltsTech News
AltsTech News
Rodin Global Property Trust Changes Name to Cantor Fitzgerald Income Trust
On July 30, 2020, Cantor Fitzgerald Income Trust, Inc., formerly known as Rodin Global Property Trust, Inc. (the “Company”), amended its charter to…
How to Manage Multifamily Assets When Residents No Longer Leave
Life under COVID-19 means people are now at home most of the time. And while this is better for public health, since it helps slow the spread of the virus, it introduces new…
Cottonwood Makes Preferred Equity Investment in New York City Multifamily Development Project
Cottonwood Communities, Inc. (“Cottonwood Communities” or the”REIT”), a publicly registered non-traded real estate investment trust, has closed on a…
Mixed-Use Could Pose Trouble for Apartments
So far, the apartment market has held up relatively well after COVID-19 hit. But Jake Reiter, president of Verde Capital, does see some…
REITs Rose Last Week to Finish July in Positive Territory
REIT share prices rose last week with the FTSE Nareit All Equity REITs index posting a positive return of 4.2%. Stock returns were up on balance for the month of July, trimming the…
Which two sponsors of nontraded REITs also manage Qualified Opportunity Funds?
Answer: CIM Group manages CIM Opportunity Zone Fund LP and Griffin Capital manages…
Comrit Offers $4.66 per Share for CNL Healthcare Properties Common Shares
Comrit Investments 1 LP, an Israel-based company, has offered $4.66 per share for up to 9,000,000 outstanding shares of common stock of CNL Healthcare Properties, Inc., a…
Tasty Restaurant Group to Acquire Five Burger King Restaurants
LOS ANGELES, Aug. 5, 2020 /PRNewswire/ — Tasty Restaurant Group, a wholly-owned affiliate of Los Angeles-based private equity firm Triton Pacific, announced today…
NexPoint Advisors Affiliate Pays $900M For Self-Storage Player Jernigan Capital
An affiliate of Dallas-based NexPoint Advisors LP entered into a $900M deal to buy self-storage owner and operator Jernigan Capital this…
Distressed property market at a tipping point
Evidence of distress in the commercial real estate realm is mounting. U.S. commercial real estate transaction activity plunged in the second quarter as the COVID-19 pandemic continues to…
Which listed REIT owns over 16,400 apartment units and approximately $2.5 billion in property assets and is currently offering 6.15% Series T Redeemable Preferred Stock?
Answer: Bluerock Residential Growth REIT (NYSE: “BRG”) is a listed REIT that is currently offering a redeemable nontraded…
Who is the sponsor of Tasty Brands, LP, a tax-advantaged offering focused on acquiring and operating nationally recognized quick service restaurants?
Answer: Triton Pacific is a Los Angeles, CA based private equity firm founded in 2001 and is the sponsor of Tasty Brands, LP. Tasty Brands has rapidly…
Zack Holley Joins Inland Securities Corporation as Senior Vice President – External Wholesaler
“Zack’s outstanding career achievements underscore his abilities as a dynamic and effective financial services professional…”
Starwood Real Estate Income Trust Purchases Maryland Medical Office Building in $160 Million Deal
Starwood Real Estate Income Trust has purchased the Barlow Building, a 293,852 square-foot medical office building located in the…
This App Could Solve a Big Reopening Problem: Cathy O’Neil
(Bloomberg Opinion)—Ventilation is perhaps the most underappreciated challenge of reopening during the Covid-19 pandemic. As people increasingly return to indoor spaces…
Bankruptcies Rip Through U.S. Mall Tenants With No End in Sight
Every week seems to bring another round of retail bankruptcies. With conditions worsening, the numbers are likely to…
KBS REIT II Board Approves Second Liquidating Distribution
From the REIT’s August 3, 2020, 8-K filing:
“Pursuant to the terms of KBS Real Estate Investment Trust II, Inc.’s (the “Company”) plan of…
Griffin-American Healthcare REIT IV Maintains $0.40 Annualized Distribution
From the REIT’s August 3, 2020, SEC filing:
Our board of directors authorized a daily distribution to our…
Rent Collections by Nontraded REITs
…it is quickly evident that the reporting by nontraded REITs on their success of collecting rents during the COVID-19 pandemic is spotty at best.
Starwood Real Estate Income Trust Reports July Distributions and June Rent Collections
Starwood REIT declared distributions for July 2020. The distribution rates per share for each share class, before stockholder servicing fees, remained at…
