AltsTech News
AltsTech News
Blackstone REIT Share Pricing – Flattening the Curve
In the monthly pricing announcement filing with the SEC on March 20, 2020, Blackstone Real Estate Income Trust (“BREIT”) posted pricing for its four share classes for the month of…
Bluerock Capital Markets Announces Monthly Record Capital Inflows in March of $150 Million; Company Focusing on Virtual Relationship Management and Heightened Communication During COVID-19 Uncertainties
New York, NY (April 9, 2020) – Bluerock Capital Markets, LLC (“BCM” or “Company”), a distributor of institutional alternative investment products, and the dedicated dealer manager for…
Remote Work and Alternative Investments…
In reaction to the recent COVID-19 pandemic, much of America is changing the way they work. Many financial services professionals are turning…
Remote Work and Alternative Investments: How Altigo Enables Financial Professionals to Service Their HNW Clients
In reaction to the recent COVID-19 pandemic, much of America is changing the way they work. Many financial services professionals are turning to remote work. Portfolio management, financial…
U.S. Workers Discovering Affinity for Remote Work
American workers are increasingly doing their jobs from home as a result of the coronavirus crisis, and the latest Gallup Panel data show that they are warming up to…
Covid-19 News Bulletin: Healthpeak Move-Ins Down 50% Compared To March 2019; Kramer, Industry Leaders Invest in Staffing App
Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and…
Procaccianti Hotel REIT Suspends Offering and DRIP
On April 7, 2020, Procaccianti Hotel REIT, Inc. (the “Company”) distributed a letter to the Company’s stockholders and a letter to the broker-dealers participating in the Company’s continuous…
‘Clean up on aisle RMD!’: The SECURE Act’s fast track surprised the fund industry, but we don’t mind surprises so much
“We could certainly slow the aging process down if it had to work its way through Congress.” –Will Rogers…
‘Clean up on aisle RMD!’…
“We could certainly slow the aging process down if it had to work its way through Congress.” Will Rogers was a clever fellow and at times his comments…
How did the average returns to nontraded REIT shareholders who tendered their shares prior to the full-cycle events for those NTRs compare to the average returns to shareholders who held their shares until the full-cycle events?
Answer: For a sample of 39 REITs with third-party tender offers, those shareholders who invested in the first quarter of an NTR offering and held their shares until the full-cycle liquidity event had an…
“Blend and Extend” Leases Can Save the Property Industry
By now every commercial landlord in the country has likely had an uncomfortable conversation with at least one of their tenants about rent that was due on the first. Businesses around the country…
Jones Lang LaSalle Income Property Trust Explains Share Price Decline
In an 8-K filing with the SEC on April 2, 2020, the REIT explains the recent decline in net asset values per share. The following is directly quoted, without editing, from the…
Resource Real Estate, LLC Responds to COVID-19
PHILADELPHIA, March 30, 2020 (GLOBE NEWSWIRE) — Resource Real Estate, LLC (“Resource”), as the sponsor of Resource Real Estate Opportunity REIT, Inc., Resource Real Estate Opportunity REIT II…
Goldman Sachs: US GDP to Plunge 34% in Q2; Unemployment to Peak at 15%
Economists at Goldman Sachs rewrote their already grim estimates for the coronavirus pandemic’s economic toll in the U.S., forecasting an even steeper downturn in the first half followed by…
That Rent Concession Could Trigger A Loan Liability
An untold number of businesses, retailers and renters will be unable to make their rent this month due to the disruption from the coronavirus. Landlords have been urged to work with tenants…
California Apartment REIT Buys Dallas Property After Merging Funds
An affiliate of Irvine, California-based Steadfast Apartment REIT is expanding its portfolio in Texas weeks after the company completed a merger of its three sponsored funds with…
Coronavirus Leads to Tough Landlord-Tenant Negotiations
Many retail and restaurant landlords are in a tight spot right now. A lot of their tenants are coming to them asking for rent reductions. And, while the landlords would like to help…
Griffin Capital Essential Asset REIT Cuts Distributions, to Report NAVs Quarterly
In an April 2 letter to shareholders, Griffin Capital Essential Asset REIT announced that it would reduce its distributions to an annualized rate of $0.35 per share, all cash, subject to adjustments for…
Benefit Street Partners Realty Trust Enters into $100 Million Credit Facility
On March 26, 2020, Benefit Street Partners Realty Trust, Inc. (the “Company”), through its indirect wholly-owned subsidiaries, entered into a credit facility (the “Credit Facility”) with…
Blackstone REIT Cancels Plans to Acquire Uptown Station in Oakland
The Blackstone Group Inc. is canceling its plans to acquire Uptown Station building in Oakland, Calif., and will forgo the $20 million deposit it made for the asset…
