AltsTech News
AltsTech News
Owl Rock Capital Corporation II Announces Increase in NAV and Offering Price
On April 15, 2020, Owl Rock Capital Corporation II (the “Company”) increased its public offering price from $8.74 per share to $8.80 per share. The increase in the public offering price will be…
US Hotel Performance Off 80% YOY in Wake of Coronavirus – STR
The coronavirus pandemic continued to weigh on U.S. hotel performance for the week ended April 11, according to weekly data released by STR, which tracks the…
Morgan Stanley CEO Sees a Future for the Bank With ‘Much Less Real Estate’
James Gorman is hesitant to make predictions about the future with so much about the coronavirus pandemic still uncertain. One thing is clear, however: Morgan Stanley will have…
FS Credit Real Estate Income Trust Letter to Stockholders Concerning COVID-19 and CRE Market
The following letter was sent to stockholders on April 16, 2020:
Fellow Stockholder…
Hines Global Income Trust Lowers NAV per Share to $9.84 from $10.24
In an 8-K filing on April 16, 2020, Hines Global Income Trust, Inc. announced a new NAV per share for each class of its common stock as of March 31, 2020, at $9.84. The February 29, 2020…
NMHC Rent Payment Tracker Finds Rent Payment Rate at 93 Percent of Prior Month
WASHINGTON–(BUSINESS WIRE)–The National Multifamily Housing Council (NMHC) found that 84 percent of apartment households made a full or partial rent payment by April 12…
COVID-19 Presents Unique Challenges to the Healthcare Real Estate Sector
As the pandemic continues to spread, its impact on medical office buildings (MOBs) is posing a set of challenges unique to this asset class and…
Office Tenants of All Sizes Are Asking for Rent Relief. Some Institutional Owners Are Offering Them Deferrals
With the COVID-19 shutdown interrupting business operations across a large swath of industries, office tenants have begun seeking rent relief. For example, Kenneth S. Fields, Los Angeles attorney…
Freddie Mac Revises Multifamily Forbearance Program, ABA Urges Extension of PPP
Freddie Mac revised its multifamily coronavirus forbearance program to ensure borrowers do not evict, give notice of or start an eviction of a tenant for nonpayment during the forbearance period due to…
Where Are the NTR Properties Most Vulnerable to COVID-19?
No doubt the most seriously affected property types in the nontraded REIT space are those in the hospitality industry. Three categories of hotels are: Full-Service Hotels, Limited-Service Hotels…
New York City REIT Schedules Virtual Stockholders Meeting for May 11
New York City REIT, Inc.’s 2020 annual meeting of stockholders was called to order on April 15, 2020, and adjourned to Monday, May 11, 2020, at 8:30 a.m….
Healthcare Trust Adjourns Annual Stockholder Meeting, Schedules Virtual Meeting May 12
Healthcare Trust, Inc.’s 2020 annual meeting of stockholders was called to order on April 15, 2020 and adjourned to Tuesday, May 12, 2020 at 12:30 p.m. (Eastern time). The adjourned…
An Update on Carter Validus Mission Critical REIT II, Inc.’s Response to COVID-19
Tampa, FL – (BW) – The following is a letter provided by the CEO…
ExchangeRight’s Strategy Is Right for Times Such as This
ExchangeRight has been sponsoring 1031-exchangeable DST offerings of net-leased portfolios since 2012. Blue Vault recently interviewed Warren Thomas and Joshua Ungerecht, Managing…
The Short- and Long-Term Implications of COVID-19 for Seniors Housing
The coronavirus crisis has rapidly become a major part of Americans’ everyday lives and many of us are thinking about the most vulnerable among us: seniors. The virus has and will continue to…
Blue Vault Bowman Alts Week 2020 Kicks Off May 4
Blue Vault Bowman Alts Week 2020 Kicks Off on May 4 Blue Vault and Bowman Law are teaming up to...
March 2020 Nontraded REIT Capital Raise Down, But Quarterly Y-O-Y Results Strong
Blue Vault received March sales totals for 17 effective nontraded REIT program offerings as of April 14. Sales reported by those 17 NTRs totaled…
Phoenix American Announces Updated Brand Image and Launch of New Website
San Rafael, CA – Phoenix American Financial Services (“Phoenix) announced today the introduction of the company’s new brand image coinciding with the launch of its new company website…
Which type of fee charged by nontraded REIT sponsors has the most important impact on shareholder returns over the life of the REIT?
Answer: The asset management fee charged annually by nontraded REIT sponsors has by far the most important impact on shareholder returns. While upfront loads are important…
IRS Loosens Timelines for 1031-Exchange Buyers
Section 1031 of the Internal Revenue Code enables real estate investors to defer capital gains on income-producing property when those gains are used to acquire a like-kind investment…
