AltsTech News
AltsTech News
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…
Starwood Real Estate Income JV Buys Boston Office Tower for $614 Million
Starwood Real Estate Income Trust Inc., via a joint venture with an affiliate of its sponsor, bought the leasehold interest in the 38-story office tower at 60 State St. in downtown Boston for…
Fed’s Powell tries to reassure Americans the economy will recover
Venturing into the province of celebrity news and cooking demonstrations, Federal Reserve Chairman Jerome Powell on Thursday told Americans that the economy would recover and the central bank…
For Some Family Offices, Now Is the “Buying Opportunity of a Century” When It Comes to CRE
As America grapples with the coronavirus-impaired economy, family offices are feeling the same uncertainty as other investors are. In some cases, it means it’s time for them to…
Some Initial Takeaways on How the $2T Stimulus Helps CRE
After days of rancorous negotiations, the U.S. Senate unanimously approved a $2 trillion+ economic stimulus bill aimed at helping the American economy navigate an unprecedented…
What Resources Will REITs Need To Navigate the Coronavirus Crisis?
News over the past week has been worse than expected, both in terms of spread of the virus and the economic impact of measures to control the pandemic. In particular, job losses appear to be…
Lightstone VP REIT V Acquires Autumn Breeze Apartments in Noblesville, Indiana
On March 17, 2020, Lightstone Value Plus Real Estate Investment Trust V, Inc. (the “Company”), through LVP BH Autumn Breeze, completed the acquisition of the Autumn Breeze Apartments from an…
Most investment firms see US, Canadian RE deals fall through in wake of COVID-19
A majority of the institutional real estate investment industry has seen property deals fall through in light of the coronavirus pandemic, according to a survey by the…
Loss rate on RE loans could rise; stimulus may not do enough for real estate
Commercial real-estate loans made by banks will suffer a loss rate of up to 2.5% over the next five years because of the COVID-19 coronavirus pandemic and its expected…
