AltsTech News
AltsTech News
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…
Steadfast’s New REIT Plans to Focus on Development and Renovation in a Tough Acquisition Environment
A multifamily powerhouse that envisions spending as much as $300 million a year on ground-up development, as well as millions of dollars on renovations, is being created…
What Every RIA Needs to Know About Alternative Investments
On August 14, Blue Vault presented a webinar entitled “What Every RIA Needs to Know About Alternative Investments.” The webinar was moderated by…
JLL Income Property Trust Acquires Class A Industrial Asset in Suburban Boston
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) today announced the acquisition of…
Triton Pacific Adds Former PricewaterhouseCoopers Partner as Chief Financial Officer
Triton Pacific announced today that Jill Tregillis has joined its back office operations center, TFA Associates, LLC, as…
Appeals Court Rules in Favor of United Development Funding
In an article posted on Blue Vault’s website in December, 2017, entitled “How An Attack on a Nontraded REIT Sponsor Made a Hedge Fund Manager $60 Million,” we referred readers to a lawsuit filed…
Oaktree Real Estate Income Trust Joins Hines in JV to Purchase Virginia Office Property
On August 20, 2019, Oaktree Real Estate Income Trust, a nontraded REIT, partnered with Hines Interests Limited Partnership (“Hines”) through a joint venture…
Industrial Property Trust Answers Questions Regarding Sale to Prologis
On August 23, Industrial Property Trust, Inc. filed an 8-K with the SEC that answered many questions regarding the sale of most of the nontraded REIT’s assets to…
REITs and Baseball
Maybe baseball isn’t the best analogy for REITs and commercial real estate after all…
Which sponsor of a nontraded REIT had a real estate portfolio consisting of 4.6 billion square feet worldwide in 2018?
Answer: Jones Lang LaSalle Incorporated sponsors Jones Lang LaSalle Income Property Trust, Inc., a nontraded REIT with a perpetual offering and $2.26 billion in assets as…
Strategic Storage Growth Trust II, Inc. Acquires Newly Constructed 770-Unit Self Storage Facility in Milwaukee
Strategic Storage Growth Trust II, Inc. (“SSGT II”), a private real estate investment trust sponsored by an indirect subsidiary of SmartStop Self Storage REIT, Inc., announced today…
A Look at the Top Buy Markets for Multifamily
In its latest multifamily report, Ten-X ranked the top five buy and sell markets for multifamily investment through 2022, even factoring in…
Monthly Reported NTR Sales Up 14% in July, Up 121% Y-O-Y
Reporting nontraded REITs booked capital raise of $856.4 million in July, up 14% from the $751.4 million total for June but up…
It’s time to end ‘rulemaking by enforcement’
For independent financial advisers and firms, regulatory requirements not only shape their conduct — they shape every element …
