AltsTech News
AltsTech News
REIT Internalizations Becoming Increasingly Popular, Lawyer Says
Rosemarie Thurston, a partner at Alston & Bird LLP, recently joined Nareit at its Washington, D.C. headquarters to discuss issues related to…
Coronavirus Hits Hotel REIT Stocks Hard
In a February 24 article by Jake Mooney and Chris Hudgins at S&P Global Market Intelligence, the authors reported on the impact on hotel and travel-industry stocks amid growing concerns…
Hines Sells Sacramento Tower for $166M
Singaporean capital has landed in the U.S. real estate market again, with a U.S. REIT listed in the Asian city-state snapping up a Class A office tower in downtown…
InvenTrust Properties Purchases Trowbridge Crossing for $11 million
On February 27, 2020, InvenTrust Properties Corp. (“the Company”) announced the purchase of Trowbridge Crossing in Sandy Springs, Georgia, for…
The Potentially Confusing Front-End Load
Front-end loads in the alternative investment industry are typically thought of as fees charged to purchase common shares in public offerings, whether they be nontraded REITs, nontraded BDCs, or interval funds.
Yield curve inversion deepens as 10-year Treasury hits all-time low
The yield on the 10-year U.S. Treasury reached an all-time low at close on Feb. 25 and has shown no signs of bouncing back as fears of the…
Self Storage Owners Go Keyless
Many self storage owner-operators are considering how Bluetooth door locks and keyless entry systems might improve customer experience. As a result, mobile phones are…
Starwood Real Estate Income Trust Declares February Distributions
On February 27, 2020, Starwood Real Estate Income Trust, Inc. declared distributions for each class of its common stock in the amount…
Griffin Capital Essential Asset REIT, Inc. Temporarily Suspends Primary Offering, SRP and DRP
In connection with a potential strategic transaction, on February 26, 2020, Griffin Capital Essential Asset REIT, Inc.’s (the “Registrant”) board of directors (the “Board”) approved the…
NexPoint Capital Announces Updated NAV
Effective February 26, 2020, the board of directors of NexPoint Capital, Inc. (“NexPoint”) approved an updated net asset value per share and the price at which…
Tasty Brands, LP: 2019 in Review & Looking Ahead
In a recently released shareholders’ newsletter, Tasty Brands, LP shared data from 2019 that supports the Company’s mission to further improve restaurant operations and…
Alternative Investment Exchange (AIX) Launches Enterprise Technology Platform for Alternative Investments
Led by Joseph P. Ujobai, the AIX platform is poised to transform the alternative investment industry with improved transaction processes and performance reporting
How many open NTRs had annual distribution yields of 5.00% or greater as of September 30, 2019?
Answer: 12 NTRs had distribution yields of at least 5.00% as of September 30, 2019. Moody National REIT II, Inc. lead all open NTRs with a distribution yield of 7.01%.
Self Storage Rents Show Signs of Recovery
New completions continued to negatively impact self storage rents in January. Year-over-year, street-rate rents dropped 0.9 percent for the average…
Starwood REIT Acquires 3,336-Unit Affordable Housing Portfolio
Starwood Real Estate Income Trust, a non-traded REIT managed by Starwood Capital Group has acquired a stabilized and affordable housing portfolio with…
Blackstone REIT Sells Approximately $1.2 Billion in Class I Shares to Feeder Vehicle
On or about February 13, 2020, Blackstone Real Estate Income Trust, Inc. sold 103,900,658 Class I shares for an aggregate offering price of…
Hospitality Investors Trust, Inc. Announces Proposed Settlement of Derivative Litigation
Hospitality Investors Trust, Inc. Announces Proposed Settlement of Derivative Litigation February...
SmartStop Self Storage REIT Board Urges Rejection of $7.73 Third-Party Tender Offer
In a February 20 letter to shareholders, The Board of Directors of SmartStop Self Storage REIT, Inc. unanimously recommended that shareholders…
ExchangeRight Fully Subscribes $113.34 Million Net-Leased DST Offering
PASADENA, Calif. – ExchangeRight has fully subscribed its $113.34 million Net-Leased Portfolio 30 DST offering. The nationally diversified portfolio is invested in properties with…
REITs still attractive to investors, but opportunities in the Midwest limited
As client portfolio manager for Des Moines, Iowa-based Principal Global Investors, Todd Kellenberger understands what good investments…
