AltsTech News
AltsTech News
Steadfast REITs File Proxy Statements for Merger of Three Nontraded REITs
On December 18, 2019, Steadfast Income REIT, Inc. (“SIR”), Steadfast Apartment REIT III, Inc. (“STAR III”) and Steadfast Apartment REIT, Inc. filed Proxy Statements for the merger of the three…
SEC Proposes to Update Accredited Investor Definition to Increase Access to Investments
The Securities and Exchange Commission voted to propose amendments to the definition of accredited investor, one of the principal tests for who is eligible to participate in our…
FS/KKR Complete Mergers of BDCs
On December 18, 2019, FS/KKR Advisor, LLC (“FS/KKR”) announced the closing of the mergers of four non-traded business development companies. FS Investment Corporation II…
Which self-managed nontraded REIT recently sold $150 million in convertible preferred stock to a listed REIT in the same industry sector?
Answer: SmartStop Self Storage REIT Inc. entered into a preferred stock purchase agreement with a subsidiary of Extra Space Storage, Inc. (NYSE: EXR) in which EXR committed to purchase up to…
iCapital Network to Attend Blue Vault Bowman Alts Summit 2020
iCapital Network’s mission is to power the world’s alternative investment marketplace. The company was founded in 2013 and has built an industry-leading financial technology platform that…
KBS Growth & Income REIT Announces NAV of $8.43 Per Share
On December 4, 2019, KBS Growth & Income REIT’s board of directors approved an estimated net asset value (“NAV”) per share of its common stock of…
The Nine Most Resilient U.S. Office Markets
The current U.S. economic cycle is the longest in the nation’s history, and despite a slight slowdown, the economy is continuing to expand at more than…
Cottonwood Multifamily REIT I Reports 8% Increase in NAV to $12.21
The Board of Directors of Cottonwood Multifamily REIT I, Inc., a Regulation A+ real estate investment trust (the “REIT”) sponsored by Cottonwood Residential, approved an updated net asset value of…
Cottonwood Multifamily REIT II Reports First NAV of $10.46 Per Share
The Board of Directors of Cottonwood Multifamily REIT II, Inc., a Regulation A+ real estate investment trust “REIT II”) sponsored by Cottonwood Residential, approved a net asset value of…
Leadership Changes at Hines Global Income Trust for the New Year
Hines Global Income Trust Inc. board approved leadership transitions Dec. 11 and announced that Sherri W. Schugart’s role of CEO and president would be transitioned to…
Pershing to Attend Blue Vault Bowman Alts Summit 2020
Blue Vault is very pleased to have BNY Mellon | Pershing commit to attend its sixth annual “Blue Vault Bowman Alts Summit 2020” (the Summit) March 10–12 in Atlanta…
Blackstone REIT and Corporate Office Properties Trust Complete Phase II of Data Center Shell Joint Venture
Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced the completion of a second transaction with…
Lightstone Value Plus REIT V Commences Self Tender Offer at $7.75 per Share
On December 13, 2019, the board of directors of Lightstone Value Plus Real Estate Investment Trust V, Inc. (the “Company”) approved a self-tender offer (the “Lightstone Offer”) to commence on…
Starwood Income Trust Adds 4.1M SF Midwest Industrial Portfolio
Miami-based Starwood Real Estate Income Trust Inc. has acquired a Midwest industrial portfolio involving 33 assets totaling…
KBS Real Estate Investment Trust III Announces $11.65 NAV Per Share
On December 4, 2019, KBS REIT III’s board of directors approved an estimated value per share of the Company’s common stock of $11.65, with the adjustment for…
IRS Submits Final Opportunity Zones Regulations to OIRA for Review
The IRS has completed final regulations on Qualified Opportunity Funds and has sent them to the White House for review…
Retail and Hospitality Most Exposed to Negative Impacts of a Downturn
The maturing market is having a different impact on each asset class. Next year, retail and hospitality assets are likely to see the biggest impact from…
Industrial Property Trust Shareholders Approve Sale to Prologis
Industrial Property Trust Inc. obtained stockholder approval for the planned sale of substantially all of its assets to affiliates of…
Oaktree Real Estate Income Trust Breaks Escrow and Purchases Colorado Multifamily Property
Oaktree Real Estate Income Trust Inc., a publicly registered non-traded REIT sponsored by Oaktree Capital Management L.P., as of December 6, 2019, had satisfied…
Colony Capital Closes Sale of 5.7 billion Light Industrial Portfolio to Blackstone
The Blackstone Group Inc. (NYSE: BX) closed its $5.7 billion acquisition of Colony Capital Inc.’s (NYSE: CLNY) light industrial logistics assets and its affiliated…
