AltsTech News
AltsTech News
Healthcare Trust Moves Share Repurchase Date Out One Month
On March 26, 2019, the board of directors of Healthcare Trust, Inc. approved an amendment to the Company’s existing share repurchase program (“SRP”) changing…
Strategic Storage Trust IV Acquires Self Storage Facility in Newark, New Jersey
Strategic Storage Trust IV, Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced on…
Fed Signals End of Tightening Cycle; Interest Rates Reignite Opportunities
At its latest meeting, the Federal Reserve signaled an end to rate hikes this year, while reserving the potential for one increase in 2020…
WSJ Reports Real-Estate Funds Have a Problem: Too Much Cash
As deadlines approach for spending investor money, fund managers face challenges finding profitable buildings to buy. A story in the Wall…
What Leading Real Estate Fund Managers See Ahead for 2019
REITs were not immune to the challenges that swept across securities markets in 2018. Although the FTSE Nareit All REITs Index fell 4.1 percent last year…
Opportunity Zones Hype Overshadows Potential Pitfalls and Risks
Dozens of Opportunity Zone funds are racing to capture a wave of private equity dollars seeking value-add investments that come with the added perk of a…
InvenTrust Board Recommends Rejection of MacKenzie $1.46 tender offer
The executive committee board of directors of InvenTrust Properties Corp. (the “Company”) unanimously recommends that the Company’s stockholders…
Video: What is a Triple Net Lease?
Dave Peniuk explains a Triple Net Lease
Shifts in Credit Markets Highlight Importance of Active Management
Fundamental changes in today’s credit markets are occurring in the later stages of the business cycle, a situation that puts investors’ appetite for risk back under…
US Listed REITs Raise $2.8 Billion in At-the-Market Offerings in Q4 2018
According to S&P Global, thirty-five U.S. equity real estate investment trusts raised more than $2.82 billion in at-the-market common equity sales programs…
What was Stephen A. Schwarzman’s (CEO of Blackstone Group, the sponsor of Blackstone Real Estate Income Trust, Inc., a nontraded REIT) estimated net worth as of 2019?
Answer: According to Forbes, Mr. Schwarzman’s estimated net worth was $13.3 billion as of February 25, 2019. The son of a dry goods store owner, he founded private equity firm Blackstone with fellow billionaire Peter Peterson in 1985. He has pledged or given away $350 million to Yale University, New York Public Library and others. He was ranked 34th on Forbes 2018 list of the 400 richest Americans.
Former AvalonBay Execs Launch First Public Opportunity Zone REIT
Even as the wait for final regulations drags on, opportunity zones continue to lure all kinds of investors and inspire a range of investment plans…
Summit Healthcare REIT, Inc. Invests in 14 Indiana Skilled Nursing/Assisted Living Facilities
Summit Healthcare REIT, Inc. (“Summit”) announced that it has acquired an interest in 14 skilled nursing/assisted living facilities throughout Indiana on March 13, 2019. The facilities, acquired for $125 million, consist of a total of…
CNL Healthcare Properties Announces Net Asset Value Per Share of $10.01
CNL Healthcare Properties, a real estate investment trust (REIT) focused on seniors housing and healthcare facilities, announced on March 19 that its board of directors unanimously approved an estimated net…
CNL Healthcare Properties II Suspends Distributions, Evaluates Strategic Alternatives
CNL Healthcare Properties II Inc.’s board suspended the nontraded healthcare real estate investment trust’s cash distribution on its common stock, effective April 1.
SmartStop Asset Management Reports Significant Increase in Investor Equity Raise to Begin 2019
SmartStop Asset Management, LLC (SmartStop) announced today that real estate investment programs sponsored by the firm have raised an aggregate total of approximately $77.5 million during the first two months of 2019
February NTR Sales Up, Nontraded BDC Sales Down from January
Reporting nontraded REITs1 booked capital raise of $530.5 million in February, up 34% from the $395.1 million total for January and up 28.6% from the $412.6…
Bluerock Total Income+ Real Estate Fund, an Interval Fund, surpassed $1 billion in assets in 2018. According to its 2018 annual report, how did the volatility of the fund’s share values compare to the volatility of the leading stock and public REIT indices?
Answer: The fund, since inception in October 2012, has recorded approximately 90% lower volatility than leading stock and public REIT indices. The fund has paid 23 consecutive quarterly distributions and its latest distribution is equivalent to a 5.25% annualized rate based on the September 26, 2018 record date NAV of $30.27 per share, and an effective 6.4% (A Share) distribution rate on the inception price of $25.00 per share.
Highlands REIT’s Common Stock Generating Interest in Auction Market
In terms of economic value, the recent auction history for the common shares of the nontraded Highlands REIT,…
Strategic Storage Growth Trust II, Inc. Acquires 1,029-Unit Self Storage Facility in Sacramento
Strategic Storage Growth Trust II, Inc. (“SSGT II”), a private real estate investment trust sponsored by SmartStop Asset Management, LLC (“SmartStop”), announced today its acquisition of a 1,029-unit self storage facility located in…
