AltsTech News
AltsTech News
Carey Watermark Investors, Carey Watermark Investors 2 Move Merger Outside Date
Carey Watermark Investors Inc. and Carey Watermark Investors 2 Inc. agreed to push back the outside date of their pending merger to May 31 from…
Strategic Wireless Acquires Oregon Cell Tower
COSTA MESA, Calif.–(BUSINESS WIRE)–Strategic Wireless Infrastructure Funds Management, LLC. (“Strategic Wireless”) announced the acquisition of a cell tower located in…
CIM Income NAV Converts to Monthly NAVs, Pricing and SRP Policies
Based on, among other things, the current competitive landscape, the management and board of directors (the “Board”) of CIM Income NAV, Inc. (the “Company”) have concluded that it is…
Hartman Short Term Income Properties XX Delays 10-K Filing
Hartman Short Term Income Properties XX, Inc. (the “Company”) has determined to rely upon Release No. 34-88465 / March 25, 2020, Order Under Section 36 of the Securities and Exchange Act of…
Rent strike idea gaining steam during coronavirus crisis
ST. LOUIS (AP) — With millions of people suddenly out of work and rent due at the first of the month, some tenants are vowing to go on a rent strike until the coronavirus pandemic…
Carter Multifamily and ExchangeRight Chime in on COVID-19 Effects on Alternatives Industry
We recently spoke with Lisa Robinson and Ray Hutchinson at Carter Multifamily and Warren Thomas and Joshua Ungerecht at ExchangeRight about the impact…
Blackstone REIT Declares Distributions to be Paid in April
Blackstone Real Estate Income Trust Inc. declared distributions for each class of its common shares, to be paid on or about April 20 to shareholders of record immediately following the close of…
Will coronavirus permanently change CRE lending?
The economic paralysis from the coronavirus outbreak could upend commercial real estate and accelerate loan losses for banks…
Strategic Storage Trust IV Suspending SRP and Changing to Monthly Distribution Authorizations
Strategic Storage Trust IV Inc. is suspending its share redemption program, effective April 29, because of the uncertainty related to the COVID-19 pandemic and its possible impact on the company’s…
As offices empty out, CRE picture looks bleak
Similar to the 2008 financial crisis, commercial real estate values could take a hit, fueling the current crisis but for a new reason: working from home…
Commercial Real Estate Industry Coronavirus Resource Center
Many of the major North American commercial real estate industries have stepped up to deliver guidance and resources to the industry on how to handle the continuing coronavirus…
According to the 2020 Self Storage Almanac, how many self storage facilities are there in the U.S.?
Answer: At the end of 2019 there were 47,863 self storage facilities in the U.S. Strategic Storage Trust IV, a nontraded REIT, owned 22 self storage facilities as of December 31, 2019.
InvenTrust Properties names new chief accounting officer
InvenTrust Properties Corp. named Michael Phillips senior vice president and chief accounting officer, effective…
Office Markets Reliant on Energy Tenants Are Bracing for Two Major Demand Disruptions at Once
While the U.S. government is trying to shore up businesses and help laid-off workers affected by widespread quarantines, office markets exposed to energy-related tenants, including…
Mortgage securities rebound as Fed starts buying, concerns persist
NEW YORK (Reuters) – Mortgage-related shares rose and volatility dropped on Friday, a sign moves by the Federal Reserve had some positive effect on liquidity and coronavirus-related panic about…
Carey Watermark Is Unable to File 10-K
On March 25, 2020, pursuant to Section 36 of the Securities Exchange Act of 1934, the Securities and Exchange Commission issued Order Release No. 34-88465 (the “Order”) granting exemptions to…
Increased Demand for Warehouse Space and Labor Created by COVID-19 Could be a Long-Term Trend
As non-essential businesses are forced to close doors, some retail and e-commerce firms are ramping up hiring and operations in order to meet a surge in demand for…
Phillips Edison & Company Implements Mitigation Plan in Response to COVID-19 Pandemic
Phillips Edison & Company, Inc. (“PECO” or the “Company”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest owners and operators of…
Benefit Street Partners Realty Trust Suspends DRIP
On March 26, 2020, the Benefit Street Partners Realty Trust temporarily suspended the Company’s Amended and Restated Distribution Reinvestment and Stock Purchase Plan…
CNL Healthcare Properties Announces $7.81 Net Asset Value Per Share
(ORLANDO, Fla.) March 26, 2020 — CNL Healthcare Properties, a real estate investment trust (REIT) focused on seniors housing, announced that its board of directors unanimously approved an…
