AltsTech News
AltsTech News
Capital Raise vs. Share Redemptions by NTRs with Continuous Offerings
Historically, nontraded REIT offerings typically had closing dates two years after they were declared effective by the SEC.
Strategic Storage Growth Trust II, Inc. Acquires 587-Unit Self Storage Facility in Phoenix
Strategic Storage Growth Trust II, Inc. (“SSGT II”), a private real estate investment trust sponsored by SmartStop Asset Management, LLC, announced on May 16 its acquisition of a 587-unit…
With April NTR sales exceeding $900 million, how does that total compare to the 3-month total for Q4 2017?
Answer: The April 2019 total NTR sales of over $912 million exceeded the three-month Q4 2017 total ($881 million) by over $30 million.
Gimme Shelter: REITs and Trade Disputes
Bickering between the United States and China has threatened to turn into a full-blown trade war, as leaders of each country have ratcheted up tariffs on imports from the other country. Analysts fear that…
Duff & Phelps Analyst Positive on REIT Valuations
Ross Prindle, managing director and global head of the real estate advisory group at Duff & Phelps, participated in a video interview at Nareit’s REITwise: 2019 Law, Accounting & Finance Conference in San Antonio…
Black Creek Diversified Property Fund Sells Office Building in San Francisco for $191.5 Million
On May 6, 2019, Black Creek Diversified Property Fund Inc. completed the sale of 655 Montgomery, an office property located in San Francisco, California, comprising approximately…
Phillips Edison & Company Reports First Quarter 2019 Results; Increases Estimated Value Per Share to $11.10
Phillips Edison & Company, Inc. (“PECO” or the “Company”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest…
KBS Strategic Opportunity REIT Board Recommends Rejection of MacKenzie Tender Offer
In a May 6, 2019, letter to stockholders, the board of directors of KBS Strategic Opportunity REIT, Inc., recommended against selling shares for $5.15 per share to MacKenzie Capital…
Breaking Down Alternative Investment Sales
Sales by reporting nontraded REITs during Q1 2019 totaled an estimated $1.712 billion, including $1.129 billion in sales by Blackstone REIT. The total did not include sales…
Which nontraded REIT program had the second highest dollar value of real estate acquisitions in Q4 2019, after Blackstone REIT’s 123 properties for a total of $1.337 billion?
Answer: Hartman Short Term Income Properties XX, Inc. acquired 26 properties on October 1, 2018, for a total of $313.2 million.
WSJ Reports Fed’s Senior Loan Officer Survey Points to Trouble for CRE
The Wall Street Journal’s “Daily Shot” for Tuesday, May 7, includes data from a survey of domestic banks by the Federal Reserve that shows an increasing number of those respondents…
Redfin Migration Report: Phoenix is the Top Destination, Particularly among Los Angelenos and People Looking to Leave Other Expensive, High-Tax Metros
Twenty-five percent of Redfin.com home searchers looked to move to another metro area in the first quarter of 2019, compared to 23 percent during the same period last year. The…
CNL Healthcare Properties II Completes Sale of Overland Park MOB
On May 6, 2019, CNL Healthcare Properties II consummated the sale of the medical office building located in Overland Park, Kansas, to an affiliate of HCP Medical Office Buildings…
Salary model exploited by rivals
The Big Four wirehouses control trillions of dollars of client assets and are not about to disappear anytime soon. But they have been losing individual and groups of advisers to competitors…
Healthcare Trust Adjourns May 6 Annual Meeting to May 10
Healthcare Trust, Inc. (“HTI”), a nontraded REIT with a $2.6 billion healthcare real estate portfolio, adjourned its May 6, 2019, annual meeting of stockholders to…
Is There Another Housing Bubble Building?
Housing markets present a classic chicken-and-egg problem. Do price trends determine construction and the supply of new homes and apartments, or do the supply and demand conditions set …
In the Next Downturn, Public Markets Will Be CRE Investors’ Best Bet
We are frequently asked where the real estate investment opportunities will be during the next down cycle. Our advice is to watch for opportunities in public markets, rather than…
KBS Strategic Opportunity REIT to Purchase Alpharetta, GA Office Property
On May 1, 2019, KBS Strategic Opportunity REIT, Inc. entered into a purchase and sale agreement to purchase an office property, known as Georgia 400 Center, consisting of three buildings containing an aggregate…
Nine Takeaways from ULI’s Economic and CRE Forecast
At Urban Land Institute’s webinar “Is 2019 the Pivot Point for the Economy and Real Estate?” which took place earlier this week, four industry experts discussed…
Which nontraded REIT had the highest total of real estate dispositions in Q4 2018?
Answer: Hines Global REIT, Inc. sold 13 properties in Q4 2018, including five industrial parks in Poland and four office properties in Australia, for a total of $1.07 billion.
