AltsTech News

Starwood Real Estate Income Trust Declares December Distributions

On December 31, 2019, the Company declared December 2019 distributions for each class of its common stock in the amount per share…

Hines Global REIT Sells The Summit in Bellevue, Washington

On December 20, 2019, Hines Global REIT Properties, LP, a subsidiary of Hines Global REIT, Inc. sold The Summit to KRE Summit Owner, LLC. The purchaser is not affiliated with…

Crucial Tax Deadline Looms for Opportunity Zone Fund Investors

Investors have less than a week to take full advantage of a key tax benefit in opportunity zone funds. They can avoid taxes on 15% of previous…

2019 Year-in-Review: CRE’s 10 Most Important Stories

As 2019 winds to close we take a look back at some of our most important and popular features…

Strategic Wireless Acquires Indianapolis Cell Tower

Strategic Wireless Infrastructure Funds Management, LLC. (“Strategic Wireless”) announced the acquisition of a multi-tenant tower located near…

As of September 30, 2019, how many NTRs reported cash in excess of $100 million on their respective balance sheets?

Answer: Seven NTRs reported cash in excess of $100 million as of September 30, 2019. Cole Office & Industrial REIT (CCIT II), Inc. led the industry with…

CION Investment Corporation Determines Net Asset Value at $8.22 Per Share

On December 26, 2019, CION Investment Corporation determined that the estimated net asset value of its common stock as of December 26, 2019, was…

RREEF Property Trust Provides Pro Forma for Industrial Building Acquisition in Redmond, WA

In an 8-K/A filing on December 27, RREEF Property Trust provided a Pro Forma Consolidated Balance Sheet that assumed the acquisition of a…

Griffin Capital Essential Asset REIT Declares Cash and Stock Distributions

On December 18, 2019, Griffin Capital Essential Asset REIT, Inc.’s board of directors declared a cash distribution at a distribution rate based on…

Phillips Edison & Company Secures 10-Year $200 Million Debt Facility

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…

Griffin-American Healthcare REIT IV Declares Q1 2020 Distributions

On December 17, 2019, the board of directors of Griffin-American Healthcare REIT IV, Inc. authorized a daily distribution to Class T and Class I stockholders of record as…

IRS Issues Final Regulations on Opportunity Zones

The long wait is over. IRS has issued final regulations on Qualified Opportunity Funds, nearly two years after the…

Origin Investments’ Newly Launched Opportunity Zone Fund Lines Up $105 Million in 17 Hours

Private equity real estate firm Origin Investments launched a Qualified Opportunity Zone (QOZ) fund on Nov. 14 and amassed $105 million in commitments from…

Average New Apartment Size Shrinks in East and West Coast Cities

The new apartments now opening tend to have fewer bedrooms spread over fewer square feet of space than just…

5 CRE Predictions for 2020

No one truly knows what the future will hold, but it doesn’t stop us from trying. Experts have stated their opinions of where the commercial real estate (CRE) market will go…

Strategic Capital Fund Management Hires Former Digital Realty Trust Executive to Run Data Center Platform

Strategic Capital Fund Management, an alternative investment product sponsor, is announcing that it has taken over product sponsorship responsibility for…

Strategic Storage Trust IV Acquires Newly Constructed, Class A, 716-Unit Self Storage Facility in the Greater Phoenix Area

Strategic Storage Trust IV, Inc., a public non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced today the acquisition of…