AltsTech News
AltsTech News
VEREIT and American Realty Capital to Pay Nearly $1 Billion to Settle Lawsuits
VEREIT, Inc. (NYSE: VER) announced Tuesday, September 8, that VEREIT, Inc. and VEREIT Operating Partnership, L.P. entered into agreements to settle…
JLL Income Property Trust Declares Special Dividend and 31st Consecutive Quarterly Dividend
In an August 13 press release, JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced…
Owl Rock Capital Corporation Obtains $250 Million Financing
Owl Rock Capital Corporation (“ORCC”) unit ORCC Financing IV LLC on August 2 entered into a secured credit…
Phillips Edison Grocery Center REIT III to Merge with Sponsor
Phillips Edison Grocery Center REIT III Inc., or PECO III, reached a deal to merge with Phillips Edison & Co. Inc., or PECO, following its…
Which nontraded REIT purchased an apartment complex in West Palm Beach, Florida, in May 2019 and survived the passing of Hurricane Dorian on September 3, 2019, unscathed?
Answer: Cottonwood Communities, Inc., a nontraded REIT program, purchased the 256-unit apartment community in May 2019 for…
Cole Credit Property Trust IV Changes Course, to Sell 454 Properties for $1.25 Billion
Cole Credit Property Trust IV, Inc., now renamed CIM Real Estate Finance Trust, Inc. (the “Company”) intends to pursue a more diversified investment strategy…
KBS Strategic Opportunity REIT to Acquire Reven Housing REIT
KBS Strategic Opportunity REIT, Inc. (“SOR”) and Reven Housing REIT, Inc. (“Reven”) (NASDAQ: RVEN) on August 30 announced the signing of…
Starwood REIT Declares August Distributions and Reports Performance
On August 30, 2019, Starwood Real Estate Income Trust, Inc. declared distributions for each class of its common stock in the amount per share set forth below…
An “Investor First” Approach When Choosing Your Product Offerings
Independent financial advisors make it their mission to meet the financial needs of their clients and make decisions that are in the best interests of those clients. The structure of an advisor’s…
The Parking REIT Requests Withdrawal of $100 Million Offering
The Parking REIT Inc., a publicly registered non-traded real estate investment trust formed by the December 2017 merger of MVP REIT and MVP REIT II, on August 29 filed a request…
Is Cooling Ahead for the Hotel Market?
Citing changes in the depth and timing of an expected slowdown in the U.S. economy, CBRE hospitality experts are predicting a…
Industrial Price Growth, Rarely in Lockstep, Is Now
Industrial property prices have grown faster than inflation across the Americas over the last three quarters. This sort of coordinated growth…
Overseas Investors Turn Net Sellers of US Real Estate in H1
Cross-border investors turned net sellers of U.S. commercial real estate in the first half of this year for the first time since 2012, the latest edition…
Corporate Property Associates 18 – Global Announces Higher NAV
Corporate Property Associates 18 – Global Incorporated (“CPA:18 – Global”) announced on August 27 that its estimated net asset value per share…
SmartStop Self Storage REIT Suspends Share Redemption Program
In an 8-K SEC filing dated August 28, 2019, SmartStop Self Storage REIT announced the suspension of the share redemption program (“SRP”). The board
Which Emerging nontraded REIT had raised $58.7 million in its public offering as of August 9, 2019, owned one apartment complex in West Palm Beach, Florida, and recently filed a revision to its public offering to include both Class A and Class T shares?
Answer: Cottonwood Communities, Inc. filed a Post-Effective Amendment on August 6, 2019, to offer both Class A and Class T shares. The REIT’s advisor will pay both selling commissions and…
Midyear Outlook 2019: The More Things Change
After a very healthy first half, 2019 continues to buck all predictions of recession. The labor shortage, concerns around trade tariffs, and political uncertainty may add up…
Drop in Treasuries Puts Renewed Focus on Rate Floors
A year ago, most people thought interest rates were moving up. The reality has been just the opposite. Treasuries have plummeted…
Will the Growing Trade War Clouds Rain on REITs and Real Estate?
There has been no shortage of troubling news on the economy. Trade wars are in the headlines and are already having an impact on…
Griffin Capital Essential Asset REITs I and II Merger Examined
On April 30, 2019, Griffin Capital Essential Asset REIT II, Inc. (“GCEAR II”) merged with Griffin Capital Essential Asset REIT, Inc…
