AltsTech News
AltsTech News
Nontraded REIT Capital Raise Rebounds
Blue Vault received June sales totals for 12 effective nontraded REIT program offerings as of July 9. Sales reported…
Blackstone Buys Industrial Portfolio with $218M Loan
The Blackstone Group Inc. unit Blackstone Real Estate Income Trust Inc. secured a $217.5 million loan to purchase a 27-building industrial portfolio across the…
How Has the Lockdown Impacted Commercial Real Estate Sales and Prices?
Commercial real estate markets have been in lockdown along with the rest of the country. The most visible sign of this lockdown is the collapse of sales transactions…
Among the nontraded REITs reporting estimated net asset values (NAVs) per share as of May 31, 2020, which REITs reported increases from the previously announced net asset values per share?
Answer: At least six REITs reported increases in NAVs as of May 31, 2020, compared to the most recently announced previous…
Hines Global REIT Finalizes Liquidation
Hines Global REIT Inc. completed its liquidation by transferring its entire assets and liabilities to the newly created HGR Liquidating Trust in exchange for…
For the 11 nontraded REITs that reported estimated NAVs per share as of May 31, 2020, how many reported increases since their most recent previous NAVs per share?
Answer: Six of the 11 nontraded REITs reported increases in their estimated net asset values per share as of…
ExchangeRight Q2 Rent Collections Update
PASADENA, Calif. – ExchangeRight is pleased to announce that it has collected 100% of April, May, and June rent from all of its tenants on behalf of investors and has…
Pacific Oak Strategic Opportunity REIT Acquires 559 Rental Home Portfolio
On July 1, 2020, Pacific Oak Strategic Opportunity REIT, Inc. (the “Company”) acquired, through its subsidiaries, Battery Point Trust Inc., a Maryland corporation…
Inside the Opportunity Zone Relief Benefits
Last month, the IRS released new guidance for opportunity zone investments in relation to the pandemic. The benefits are potentially significant for opportunity zone investors, and extend…
Abandoning Alts Is Shortsighted
In recent months, a spate of independent broker-dealers and registered investment advisers have suspended sales of retail alternative investments, including interval funds and…
Which nontraded REIT recently reported rent collections for May 2020, at 97% vs. 97% for April 2020, and reported 100% of rents collected for its Office and Industrial assets in May?
Answer: Starwood Real Estate Income Trust reported rent collections in May for its four asset classes: Multifamily (95% vs. 96% in April)…
HMS Proposes New Advisory Agreement, Suspends Distributions
On July 1, 2020, HMS Income Fund (“HMS” or “the Company”) filed a preliminary proxy statement with the SEC which includes a proposal for shareholder approval…
CIM Group Launches CIM Real Assets & Credit Fund
CIM Group to Invest an Aggregate of $20 Million; Declares 6% Annualized Distribution through June
Alternative Investment Industry Leader AIX Launches with Independent Financial Partners (IFP) as Independent Broker-Dealer Client
Alternative Investment Exchange (AIX), a financial technology solutions provider that streamlines the process of transacting in non-traded alternatives…
As COVID-19 closes doors, what’s in store for retail?
The economic shock caused by the COVID-19 pandemic and ensuing lockdown has resulted in nationwide store closures, leaving investors to wonder if this novel coronavirus will be…
Orion merges with Brinker Capital to form $40 billion TAMP
Orion Advisor Solutions is merging with competing turnkey asset management platform Brinker Capital to create an investment management firm and technology provider with…
Capital raise for the nontraded REIT industry totaled approximately $6.7 billion in the first quarter of 2020, marking the highest quarterly sales total in the history of the industry. How many consecutive quarters has the nontraded REIT industry seen its capital raise increase?
Answer: The first quarter capital raise of $6.7 billion marked the tenth consecutive quarter of increased capital raise since…
How many properties did Blackstone Real Estate Income Trust acquire in the first quarter of 2020, and how does that compare to the rest of the nontraded REIT industry?
Answer: Blackstone acquired 104 properties in the first quarter for a total purchase price of approximately $2.7 billion. This accounts for…
Inside the V(ALT), with Gary Davi of Centersky [full episode]
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Gary Davi: The Evolution of centersky.net
Watch Gary Davi (Chief Technology Officer, Centersky) and Stacy Chitty (Managing Partner, Blue Vault) explore the evolution of centersky.net on Inside the V(ALT).
