AltsTech News
AltsTech News
Third Quarter Sales Volume Declines, as Investors Grapple with High Pricing
Evidence continues to mount that real estate investors are becoming more cautious as investment sales volume in the third quarter fell…
CTT Auction Bid Prices for Shares of Nontraded REITs
In today’s report from CTT Auctions, a site that provides liquidity to shareholders in nontraded REITs that are not able to sell their shares via…
One Last Look at the American Realty Capital Trust III Merger with ARCP
In our article entitled “Re-Visiting American Realty Capital Trust III Merger with ARCP” we suggested that the merger of American Realty Capital Trust III (“ARCT III”) into…
New York City REIT Announces $20.26 Estimated NAV Per Share
On October 24, 2019, the independent directors of the Board of New York City REIT, Inc., who comprise a majority of the Board, unanimously approved an…
Foreign Investors Ramp Up Multifamily Acquisitions
Foreign investors continue to spend money on apartment properties in the U.S., even while they may be slowing down on purchases of assets…
Blackstone Group Third Quarter Earnings Call and BREIT Capital Raise
In Blackstone Group’s October 23 Earnings Call Transcript, Jonathan D. Gray, General Partner, President, COO and Director mentioned that inflows to Blackstone Real Estate Income Trust (“BREIT”) reached…
ADISA Announces Winners of its ACE, Distinguished Service and President’s Awards
ADISA, the nation’s largest trade association for the alternative and direct investment space, announced today the 2019 winners of its A Champion of Excellence (ACE), Distinguished Service and President’s awards. The awards were presented…
Which nontraded REIT recently sold an industrial property in Ohio for $30.3 million?
Find out by reading this week’s Blue Vault Digest.
What lending rate will replace LIBOR as the basis for variable rate debt contracts currently in the debt financing mix of many nontraded REITs?
Answer: LIBOR is a scandal-plagued benchmark that is used to set the price of trillions of dollars of loans and derivatives globally. A group of banks and regulators in 2017 settled on a replacement created by the Federal Reserve known as the…
W.P. Carey-Sponsored Carey Watermark Lodging NTRs to Merge
On October 22, 2019, Carey Watermark Investors Incorporated (“CWI”) and Carey Watermark Investors 2 Incorporated (“CWI2”) announced an agreement to merge in an all-stock deal…
Should Secondary Markets Be Your Next Real Estate Investment Move?
There is no doubt about it: A migration is afoot. I see it every day, in every market my firm operates in: More and more young professionals, working-class families and senior citizens are choosing to move…
The Market Is Still Not Seeing Enough Affordable and Workforce Housing
Developers are likely to finish work on more than 100,000 new or renovated apartments affordable to low-income families in 2019. It will not be enough to satisfy…
MacKenzie Realty Capital Accepts Tender of 19,945 Shares at $9.00 Per Share
In an SEC filing on October 22, MacKenzie Realty Capital, Inc. said it has received and accepted a total of approximately 19,945 shares in its tender offer dated November 14, 2018. Upon completion…
Investors Are Still Going After Student Housing Properties, But They Are More Concerned About Prices
While investors continue to be eager to buy student housing properties, good deals are hard to find. “There haven’t been those massive portfolios that we saw…
Starwood Real Estate Income Trust Acquires Multifamily Property in North Carolina
On October 21, 2019, a subsidiary of Starwood Real Estate Income Trust, Inc. acquired the fee-simple interest in a multifamily property located…
SmartStop Self Storage REIT Sells San Antonio Asset for Higher and Best Use Redevelopment
SmartStop Self Storage REIT, Inc. (“SmartStop”, f/k/a Strategic Storage Trust II, Inc.) announced today the sale of a self-storage property located in San Antonio, Texas to a third party…
Black Creek Group Presents Plans for Industrial Property Trust Sale
In a stockholder presentation filed on October 22, Black Creek Group updated shareholders on plans to sell Industrial Property Trust’s wholly-owned portfolio of…
The WeWork Circus and REIT Stocks
Investors have finally pitched a tent above the WeWork circus. Should we REIT (real estate investment trust) shareholders be concerned about a fallout…
U.S. Retail Construction Levels Remain Well Below Pre-Recession Levels
With the continued barrage of retail bankruptcies, stores closures, repositionings and rightsizings of store fleets—and the fact that many experts say the U.S. is over-retailed…
Interval Funds Can Provide Excellent Tool for Advisors
Interval Funds are gaining prominence as managers seek to provide certain investors greater access to…
