AltsTech News
AltsTech News
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…
Suits and Ties Now Optional, Goldman Sachs Hedges Dress Code
CEO David Solomon sent the memo describing a “firm wide flexible dress code” to the bank’s 36,000 employees.
Griffin Institutional Access® Real Estate Fund Surpasses $3 Billion in Assets Under Management
Griffin Capital Company, LLC (“Griffin Capital”), a leading private investment firm, today announced Griffin Institutional Access Real Estate Fund (the “Fund”) surpassed $3 billion in assets under management, less than five years since…
Blue Vault Bowman 2019 Broker Dealer Educational Summit in Orlando March 11 – March 14
The 2019 Blue Vault Bowman 5thAnnual Broker Dealer Educational Summit will be held March 11 thru March 14, 2019, at the Rosen Shingle Creek Resort in Orlando, Florida. The Bowman Law Firm teams with Blue Vault this year to…
American Realty Capital Healthcare Trust III to Pay Final Liquidating Distribution
On March 5, 2019, the board of directors of American Realty Capital Healthcare Trust III, Inc. (the “Company”) authorized a final liquidating distribution of $2.29 per share of the Company’s common stock to the stockholders of record as …
Recent Secondary Auction Trading of Nontraded REIT Shares
Central Trade & Transfer is an auction site that conducts regular auctions for illiquid shares of all public nontraded REITS and publicly registered limited…
Hospitality Investors Trust Suspends Share Repurchase Program
On February 28, 2019, Hospitality Investors Trust, Inc. announced that its Board of Directors had suspended the Company’s Share Repurchase Program (the “SRP”). The suspension became effective immediately…
NexPoint Affiliate Demands Medley Capital Corporation Records Regarding Proposed Merger
On February 28, Highland Select Equity Master Fund LP, an affiliate of NexPoint Advisors LP, accused Medley Capital Corp.’s board
Rent Controls in Oregon Won’t Lead to More Affordable Housing
Economics is one social science that provides millions upon millions of data points daily to test its theories. Most introductory
CRE Demand Maintains Its Steady Path
A NAREIT report shows that markets have kept their momentum through 2018 and into 2019.
An Interesting Uptick in Highlands REIT’s Recent CTT Auctions Results
Blue Vault recently reported some selected auction results for five nontraded REITs whose common shares are auctioned in the third-party auction site Central Trade & Transfer (www.cttauctions.com). In…
Inland Residential Properties Trust Recommends Rejection of $11.39 Tender Offer
On December 18, 2018, stockholders approved a liquidity event providing for the sale of all assets of Inland Residential and the distribution of the net proceeds to stockholders.
Clearing Up Confusion with Opportunity Zone Investments
The opportunity zone legislation was introduced in October as part of a hastened process to pass the 2017 Tax Cuts and Jobs Act in December…
KBS REIT II Advises Against Accepting $3.21 Per Share CMG Partners Offer
KBS REIT II, Inc., a nontraded REIT advised by KBS Capital Advisors LLC, has recommended to shareholders that they reject a third-party tender offer from…
