AltsTech News
AltsTech News
The Office Market After COVID: Will It Be a Zero-Sum Game?
With so many employees working remotely right now, will the demand for office space bounce back once the U.S. fully opens for business again? Given the magnetic forces at work that are both…
How Will Net Lease Retail Assets Fare During and Post-COVID-19?
The net lease retail sector boasts a reputation for being a solid investment with high-credit tenants and low default rates. Similar to bonds, during normal times, net lease properties offer…
Hines Global Income Trust Completes Sale of Bishop’s Square
Hines, the international real estate firm, announced today the sale of Bishop’s Square by Hines Global Income Trust, Inc. (“Hines Global”). The Class A office building…
The Unintended Consequences and Risks of Forbearance
To stop the spread of Covid-19, communities are coming together, staying home, washing hands and social distancing to protect the most vulnerable. A similar level of cooperation is…
Impacts of Pandemic on Nontraded REIT Distributions and Redemptions
Thus far in 2020, six nontraded REIT offerings have been suspended or announced suspensions.
The nontraded BDC industry raised approximately $582 million in gross offering proceeds in 2019. What percentage of these offering proceeds came from Owl Rock Capital Corporation II?
Answer: Owl Rock Capital Corporation II raised approximately $534.5 million in 2019, representing approximately 91.8% of the total industry capital raise…
ExchangeRight Welcomes Leo Peters to Sales Team
PASADENA, Calif. – ExchangeRight has announced the appointment of Leo Peters as senior vice president of the Central/Western region. As a 25-year veteran of the financial…
Strategic Wireless Secures up to $75,000,000 Credit Facility with Texas Capital Bank
COSTA MESA, Calif.–(BUSINESS WIRE)–Strategic Wireless Infrastructure Funds Management, LLC (“Strategic Wireless” or the “Company”) today announced it has…
Steadfast Apartment REIT Approves New Estimated Value Per Share of $15.23 Per Share
IRVINE, Calif., Apr. 20, 2020 – Steadfast Apartment REIT, Inc. (STAR) announced today the determination of an estimated value per share of the company’s common stock of…
Fitch Revises BDC Sector Outlook to Negative, Maintains Stable Outlooks for Owl Rock BDCs
Fitch Ratings reviewed nine business development companies and affirmed its sector outlook for BDCs at negative, warning that COVID-19 outbreak will likely cause…
Hines Global REIT Board Urges Rejection of MacKenzie Tender Offer
Hines Global REIT Board Urges Rejection of MacKenzie Tender Offer April 17, 2020 In a letter to...
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…

