AltsTech News
AltsTech News
Phillips Edison Grocery Center REIT III Suspends Public Offering
In a letter to broker-dealers who are selling group members of the Phillips Edison Grocery Center REIT III, Inc., Griffin Capital Securities CEO Mark Goldberg announced…
Inland Residential Extends Time for Buyer to Obtain Loan Assumption Approval
The amendment extends the loan assumption approval date to June 24, 2019.
Investment in Power Centers Spikes, In Spite of Troubles in the Larger Retail Sector
Investors are targeting power centers in primary and high-growth secondary markets.
Cottonwood Communities Buys West Palm Beach Multifamily Property
Cottonwood Communities, Inc., a publicly registered non-traded real estate investment trust, has closed on its…
Which nontraded REIT program cites both the growth in undergraduate enrollment at universities and the increase in the 65+ age group as drivers of demand for its properties?
Answer: Strategic Student & Senior Housing Trust is a nontraded REIT that invests in both student housing near major universities and in senior housing independent living, assisted living, memory care, and continuing-care retirement communities.
JLL Income Property Trust CEO Sees New Model for PNLR Investing
Allan Swaringen, president and CEO of public non-listed REIT (PNLR) JLL Income Property Trust and chairman of Nareit’s PNLR Council, believes a whole new model…
Inland Venture Partners, LLC Announces Strategic Partnership with Gemstone Communities
Inland Venture Partners, LLC (“Inland Venture Partners”), a sponsor of closed-end, specified-asset, private equity real estate investments, announced today its strategic partnership…
Are Deals Moving in Opportunity Zones After All?
The general consensus about Opportunity Zones has been that while interest in these areas is intense, there has been little activity. Most of the capital poised to invest…
New Best Practices Spur Fundraising for Non-Traded REITs
Non-listed REITs posted a “blockbuster” month of fundraising in April with nearly $1 billion flowing into the sector. According to the latest data…
NTR Sales Slow in May, Still 2nd Highest Month in Years
Reporting nontraded REITs booked capital raise of $825.9 million in May, down 9.3% from the $910.7 million total for April but up 100% from the $412.6 million monthly average for the same NTRs in Q4 2018. Blackstone REIT saw capital raise decrease in May by 8.2%,…
SEC Passes Preemption Question To The Courts
Yesterday, the Securities and Exchange Commission approved Regulation Best Interest. According to the SEC’s announcement…
REIT Legal Expert Sees Challenging IPO Market
The REIT market has seen just a single initial public offering (IPO) this year, and signs are pointing to a dearth of activity for the remainder of 2019…
Digital Alternative Investment Specialist James Hale Joins Artivest as Head of Platform
Artivest, the leading independent digital platform for alternative investing, today announced that James Hale has joined the firm as Head of Platform…
SEC Passes Regulation Best Interest by 3-1 Vote
The Securities and Exchange Commission passed by a 3-1 vote Wednesday its controversial Regulation Best Interest…
Do Nontraded REITs Have Exposure to Bank Branch Closures?
According to S&P Global Market Intelligence, bank branch closings are continuing to outpace new openings, as customers are using more online and mobile banking services. According to a June 5 article by Chris Hudgins at S&P Global, branch closings reached an all-time annual…
The Impacts of Accounting Standard ASC Topic 842 on NTR Balance Sheets
On January 1, 2019, nontraded REITs adopted Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC Topic 842. The change in accounting standards potentially impacts both the assets and the liabilities…
As of May 31, 2019, approximately how many Qualified Opportunity Funds have been announced?
Answer: Blue Vault has identified at least 155 Qualified Opportunity Funds as of May 31, 2019. The total announced offering amounts for those funds exceed $36 billion.
The Repurposed, Revitalized and Redeveloped Shopping Center
“The store is really the core strategy for both physical and digital growth.” That is according to Laurie Mahowald, VP of real estate at Target Corp. She was one panelist who spoke on a repurposed and revitalized panel at ICSC RECon here in Las Vegas and said that two…
REIT Outlook and Top Real Estate Issues to Watch for in 2019
Will the economy maintain momentum in 2019, boosting demand for commercial real estate, and keeping property prices on their upward path? Or are there signs of weakening in the foundation that could lead to a downturn? Will the Fed keep raising interest rates, or are they…
FS/KKR Announce Plan of Merger for Non-Traded BDCs
FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit Advisors, LLC, announced on June 3, 2019, a definitive agreement to merge four non-traded BDCs under its advisement: FS Investment Corporation II (“FSIC II”), FS Investment Corporation III…
