AltsTech News
AltsTech News
Blue Vault Offices Closed on April 19, 2019
All Blue Vault offices will be closed on Friday, April 19, 2019, in observance of Good Friday.
Q4 2018 NTR Limited Ops Page Now Available
To see the latest Effective Nontraded REITs with Limited Operating Results page, log in, hover over “Subscriber-Only Research”, click “NTR Review” from the menu located at the top the page, then click “2018” to view it…
Forty-four Q4 2018 NTR Individual Performance Pages are Available
To see the latest individual performance pages, log in, hover over “Subscriber-Only Research”, and then click “NTR individual Reports” from the menu located at the top the page. The following pages are now available…
Carter Validus Mission Critical REIT to Merge into Carter Validus Mission Critical REIT II
On April 11, 2019, Carter Validus Mission Critical REIT II, Inc. (“REIT II”) and Carter Validus Mission Critical REIT, Inc. (“REIT I”) entered into an…
Few rush to invest in opportunity zones
Investors eyeing President Donald Trump’s Opportunity Zones face a ticking clock if they want to fully capture one of the biggest tax breaks in decades…
The True Cost of Borrowing for Nontraded REITs
In this article, we analyze the added cost of borrowing that is represented by financing costs other than interest rates.
March NTR Sales Surge, Up 48% From February, Nontraded BDC Sales Up 12%
Reporting nontraded REITs booked capital raise of $786.4 million in March, up 48.2% from the $530.5 million total for February and up 38% from the $412.6 million monthly average for the…
Which nontraded REIT program met the minimum offering requirement as of December 21, 2018, and had approximately $165 million released from escrow?
Answer: Starwood Real Estate Income Trust, Inc. broke escrow as of December 21, 2018. The nontraded REIT had 9,560,175 common shares outstanding as of February 28, 2019, and a total net asset value of $193,259,539 as of that date.
What Does Industrial’s Future Look Like?
Warehouses are getting smarter, and distribution channels are getting more efficient. As consumers demand faster delivery of goods, the industrial sector will play a huge role in making that happen and…
Owl Rock Capital Corporation II Increases Public Offering Price
On April 3, 2019, Owl Rock Capital Corporation II increased its public offering price from $9.52 per share to $9.54 per share, effective as of the April 3, 2019 weekly closing and first applied to subscriptions…
Opportunity Zone Investments Explained
The opportunity zone tax benefit has received a lot of attention. The program, born out of the Trump administration’s tax overhaul, lets investors defer and reduce capital gains…
Strategic Storage Trust II, Inc. Reports 2018 Fourth Quarter and Fiscal Year End Results
Strategic Storage Trust II, Inc. (“SST II”) announced increases in total revenues and net operating income (“NOI”), as well as increases in same-store results,…
Which nontraded REIT made its final liquidating distribution on March 7, 2019?
Answer: American Realty Capital Healthcare Trust III, Inc. made a final liquidating distribution to its common shareholders on March 7, 2019, of $2.29 per share. On January 9, 2018, the Company paid an initial liquidating…
A Deeper Dive into Strategic Storage Growth Trust’s Full-Cycle Performance
On January 24, 2019, Strategic Storage Trust II (SST II) acquired Strategic Storage Growth Trust by way of a merger. Upon completion of the merger, each share of Strategic Storage Growth Trust (SSGT) common stock (consisting of…
NexPoint Advisors Enhances Medley Proposal
On April 1, 2019, NexPoint Advisors, L.P. (“NexPoint”) announced it had proposed to Medley Capital Corporation (“MCC”) several enhancements related to its original proposal to become MCC’s external investment advisor. The updated…
Lightstone Taps Ex-Goldman Partner to Fund Opportunity Zone Hotel
Former Goldman Sachs partner Peter Scaturro and real estate developer Lightstone Group are joining the rush into “opportunity zones” – designated areas that allow investors to claim tax breaks for putting money to work in low-income…
Private Equity Real Estate Investors Remain Wary of Opportunity Zones
Private equity real estate investors remain reluctant to jump into Opportunity Zone plays, according to the latest research from London-based firm Preqin, which attributed the attitude to uncertainty surrounding program regulations and
New Other DPP Individual Performance Pages are Available
New Nontraded LLC Individual Performance Pages are Available To see the latest individual...
New IFCEF Individual Performance Pages are Available
New IFCEF Individual Performance Pages are Available To see the latest individual performance...
Deferred financing costs are amortized over the maturities of nontraded REIT debt financing. What is the range of annualized cost of debt financing that these expenses add to the weighted average cost of debt financing (calculated based upon the stated interest rates for mortgages and other financing)?
Answer: The additional annualized deferred financing costs can add anywhere from 0.05% to 1.44% to the annualized cost of debt financing. For a sample of 38 nontraded REITs with deferred financing costs, the average additional cost of borrowing was 0.36% annualized, added to the weighted average cost of debt of 4.33% for a total average cost of borrowing of 4.66%.
