AltsTech News
AltsTech News
DWS Group’s RREEF Property Trust acquires distribution facility near Seattle, Washington
DWS Group announced today that RREEF Property Trust, Inc. (NASDAQ: ZRPTAX; ZRPTIX; ZRPTTX), a publicly registered, daily NAV1 REIT advised by DWS Group, has acquired a…
Life Companies Aim to Maintain Their Lending Levels in 2020
Life insurance companies are holding their own in the competitive commercial real estate lending market and exhibiting a growing appetite for…
CION Declares First Quarter 2020 Distributions
On December 18, 2019, CION Investment Corporation (“CION”) declared regular weekly cash distributions for January 2020 through…
Hines Global Income Trust, Inc. Acquires the Royal Mail Sorting Warehouse in Edinburgh, Scotland
Hines, the international real estate firm, is pleased to announce that Hines Global Income Trust, Inc. (“Hines Global”) has acquired the Royal Mail sorting warehouse in…
The 20-Teens: They’ve Been Real
At the outset of this decade, there was a wide belief in “realization” — moving toward real assets as central banks printed money. The argument, perhaps most famously expressed by…
Pacific Oak Strategic Opportunity REIT II Announces Increased NAV at $10.25
On December 17, 2019, the board of directors of the Pacific Oak Strategic Opportunity REIT II, Inc. (“the Company”) approved an estimated net asset value (“NAV”) per share of the Company’s common…
Carter Validus Mission Critical REIT II, Inc. Announces Estimated per Share Net Asset Value of $8.65
On December 19, 2019, Carter Validus Mission Critical REIT II, Inc., or CVREIT II, a public, non-traded real estate investment trust focused on investments in healthcare and data center…
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…
