AltsTech News
AltsTech News
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%.
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…
