AltsTech News
AltsTech News
10 Must Reads for the CRE Industry Today
Meeting-Space Companies See Big Money in Manhattan “A British company that builds and rents out meeting space in office properties is expanding…
September Nontraded REIT Capital Raise
Blue Vault received September sales totals for 17 effective nontraded REIT program offerings as of October 10. Sales reported by those 17 NTRs totaled…
SmartStop Asset Management Announces $25,000 Scholarship Winner of YOUnion@Tallahassee Essay Contest
SmartStop Asset Management, LLC (“SAM”), sponsor of Strategic Student & Senior Housing Trust, Inc., announced today that Florida State University junior…
Griffin-American Healthcare REIT III Announces $9.40 NAV Per Share
On October 3, 2019, the board of directors of Griffin-American Healthcare REIT III, at the recommendation of the Audit Committee of the Board…
KBS Strategic Opportunity REIT II Terminates Advisory Agreement with KBS Capital Advisors
On October 1, 2019, the independent directors of the board of directors of KBS Strategic Opportunity REIT II, Inc. delivered a notice to KBS Capital Advisors LLC terminating…
Griffin Capital Essential Asset REIT Acquires McKesson Corporation’s Scottsdale Office Property
Griffin Capital Essential Asset REIT, Inc. (the “REIT”) announced the acquisition of McKesson III in Scottsdale, Arizona, at a purchase price of…
Re-Visiting American Realty Capital Trust III Merger with ARCP
American Realty Capital Properties, Inc. (“ARCP”), was a Maryland corporation incorporated on December 2, 2010, that qualified as a real estate investment trust for…
Phillips Edison Introduces Pete’s Fresh Market at Baker Hill in Glen Ellyn, Illinois
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 grocery-anchored shopping centers, is pleased to announce…
REIT Shares Soar, Still Listed REITs Ended Q3 2019 Trading at a 2.3% Median Discount to NAV
Share prices for U.S. equity REITs grew in the third quarter, for the third consecutive quarter of positive returns. The SNL U.S. REIT Equity index finished the quarter with…
Hines Global REIT Signs Amazon to Lease at Summit III in Bellevue, Washington
Amazon.com Inc. confirmed that it has leased more than 300,000 square feet at Hines’ 17-story Summit III office tower being developed in downtown…
Which NTR led the industry in property dispositions in the second quarter of 2019?
Answer: CNL Healthcare Properties led the NTR industry with 59 property dispositions for a total sale price of approximately $1,344 million.
Leitbox Targeted Approach to Self-storage Development
Blue Vault recently spoke with Bill Leitner at Leitbox Portfolio Partners Self-storage Fund I, LLC. Leitner is promoting the Reg D offering that will target…
Data Centers Meeting the Digital Demand
Between the constant access to information via our wireless phones and devices, the proliferation of streaming media, and the abundance of smart-home technology, the amount of data consumed…
Steadfast Apartment REIT Refinances Variable Rate Debt
In an 8-K filed with the SEC on October 2, 2019, Steadfast Apartment REIT reported refinancing $201.8 million of existing variable rate loans with PNC Bank with new…
Griffin Capital Securities Reports $1.5 Billion in Capital Raise Through September 2019
Griffin Capital Securities, LLC (“GCS”), the distribution division of Griffin Capital Company LLC, one of the nation’s premier alternative investment asset managers, today announced a 2019 equity capital raise of nearly…
Experts warn SEC about perils of loosening private offering rules
Some experts are warning the Securities and Exchange Commission that loosening the rules on purchases of private investments could hurt the…
Carter Validus Mission Critical REIT Shareholders Approve Merger
Shareholders of Carter Validus Mission Critical REIT Inc. (“CVMC REIT I”) approved the company’s proposed merger with a…
Which two nontraded REITs recently approved a merger, creating a REIT with a portfolio of 116 healthcare properties and 29 data center properties?
Answer: Carter Validus Mission Critical REIT’s shareholders approved a merger with Carter Validus Mission Critical REIT II, creating a REIT with 145 properties with approximately…
Rodin Nontraded REITs Change Asset Management Fees and Liberalize Share Redemption Policies
On September 27, 2019, the boards of both Rodin Global Property Trust, Inc. and Rodin Income Trust, Inc., nontraded REIT programs sponsored by Cantor Fitzgerald Investors, LLC approved changes…
Steadfast Income REIT Refinances Variable Rate Debt with Fixed Rate Loans
Steadfast Income REIT refinanced a total of over $123 million of its variable rate debt and obtained fixed-rate debt in the form of…
