AltsTech News
AltsTech News
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…
Recent Changes in Nontraded REIT NAVs Average Up 0.28%
The 12 nontraded REITs that have most recently reported their net asset values per share (NAVs) changes over a one-month period have an average increase in those values of 0.28%.
Prospect Capital Corporation (“Prospect”) announces $1.0 billion Convertible Preferred Stock Offering (the “Preferred Stock”)
Prospect is a publicly traded and SEC registered business development company with over $5.3 billion in total assets…
Carter Multifamily Completes $26.67 Million Acquisition in Birmingham, AL Suburb
BIRMINGHAM, AL, Aug 31, 2020 — Carter Multifamily today announced its acquisition of the 240-unit Summerchase at Riverchase for approximately…
Starwood REIT Acquires Decatur, GA Multifamily Community
Starwood Real Estate Income Trust Inc. bought The Baxter Decatur, a 290-unit multifamily community in Decatur, Ga., for $82 million from an…
Commercial Mortgage Debt in Distress Surges 320%, Moody’s Says
(Bloomberg) — More than $54.3 billion in U.S. commercial mortgage backed securities have been transfered to loan workout specialists mostly because of payment delinquencies…
Why Your Nonprofit Would Benefit from an Endowment
As universities and schools start to finalize back-to-school plans, many are leaning on their endowments during the current…
ExchangeRight Fully Subscribes Another All-Cash Portfolio of Properties Leased to Essential Businesses
PASADENA, Calif. – ExchangeRight has fully subscribed Net-Leased Portfolio 34 DST, its latest all-equity offering. The offering is designed to generate stable income and protect…
Research Brief: Housing
Pandemic alters housing choices. After being sequestered for months, with many people working from home and doing their shopping and schooling online, households are reevaluating their…
U.S. new home sales surge to highest since December 2006
New-home sales in the U.S. jumped to the highest level in almost 14 years in July as low mortgage rates helped fuel a suburban construction…
Inside the V(ALT), with Kirk Montgomery of Practus – Part 2 [full episode]
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Clip: Blue Vault Data and Metrics
In this clip, Stacy Chitty talks about the role Blue Vault’s data can play in the Reg BI environment.
Clip: Reg BI & Nontraded REITs
In this clip, Kirk Montgomery and Stacy Chitty consider alternative investment compensation rates under Reg BI.
Clip: When Does Reg BI Go Into Effect?
In this clip, Kirk Montgomery and Stacy Chitty cover the basics of Reg BI.
