AltsTech News
AltsTech News
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…
November Nontraded REIT Capital Raise
Blue Vault received November sales totals for 15 effective nontraded REIT program offerings as of December 10. Sales reported by those 17 NTRs totaled $160.7 million for November compared to…
Multifamily REITs Are Once Again in Acquisition Mode
Multifamily REITs have shown more appetite for new acquisitions this year…
Merriman Named CEO of Industrial for Black Creek Group, LLC
Dwight L. Merriman III, currently the Managing Director, Chief Executive Officer and Director of Black Creek Industrial REIT IV Inc. (the “Company”), has been named…
Which alternative investments sponsor’s senior executives and employees have co-invested over $300 million in its sponsored investment programs since its founding in 1995?
Answer: Griffin Capital has owned, managed, sponsored, or co-sponsored investment programs encompassing over $17.5 billion in…
KBS REIT II Shareholders to Vote on Liquidation and Dissolution
The stockholders of KBS Real Estate Investment Trust II, Inc. will vote at the annual meeting to be held on Thursday, March 5, 2020, to approve the complete…
Hunger for yield driving big gains in net lease sector
U.S. net-lease investment in 2019 is on pace to surpass last year’s record level, with an increasing number of domestic and foreign investors attracted to…
JLL Income Property Trust Acquires Phoenix Industrial Distribution Center
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) today announced the acquisition of…
New York City REIT Presents Q3 2019 Results
New York City REIT, a nontraded REIT advised by AR Global, was formed in 2013 as American Realty Capital New York City REIT. It commenced its public
Healthcare Trust Announces Offering of Series A Cumulative Redeemable Perpetual Preferred Stock
Healthcare Trust, Inc. (“HTI” or the “Company”) today announced the launch of a proposed underwritten public offering of 1,400,000 shares of its Series A Cumulative…
Kimco’s Ross Cooper Discusses the Future of U.S. Shopping Centers
While not bullet-proof to the struggles of the overall retail sector, open-air and neighborhood shopping centers haven’t faced the same immense struggles…
SmartStop Self Storage REIT Provides Q3 2019 Update
On December 5, 2019, SmartStop Self Storage REIT, Inc. (the “Company”) held a webinar for registered representatives and stockholders to review the Company’s financial results…
Priority Income Fund Announces Preferred Capital Securities as Dealer Manager for Offering
Priority Income Fund, Inc. (“Priority”), a non-traded, closed-end management investment company registered under the Investment Company Act of 1940, as amended, announced that…
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…
