AltsTech News

Scales Tip Towards Large Private Equity Firms as CRE Fundraising Slows

Private equity real estate funds find it more challenging to place their capital as the CRE market has moved closer to “fair value.”…

Black Creek Group Considers Strategic Alternatives for Industrial Property Trust

Black Creek Group LLC is considering strategic alternatives for Industrial Property Trust, including a recapitalization or a…

Carey Watermark Board Urges Rejection of Everest REIT Tender Offer

The board of Carey Watermark Investors Inc. is urging stockholders to reject a $7.50-per-share cash tender offer that Everest REIT Investors I LLC has recently…

How to Invest in Real Estate Without Buying Property

For many investors, stocks and bonds don’t offer the diversity they prefer in their portfolios. Everyone’s priorities and risk tolerance are different, but if…

Phillips Edison & Company’s Total Stockholder Distributions Surpass $1 Billion

Phillips Edison & Company, Inc. (“PECO” or the “Company”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest owners and operators of grocery-anchored shopping centers, together with recently…

Griffin Capital Essential Asset REIT Reinstates Distribution Reinvestment Plan

On December 12, 2018, the Griffin Capital Essential Asset REIT (“GCEAR”) board of directors approved the temporary suspension of the REIT’s distribution reinvestment plan (“DRP”) in connection with the proposed…

Griffin Capital Essential Asset REIT II Reinstates Distribution Reinvestment Plan

On December 12, 2018, the Griffin Capital Essential Asset REIT II (“GCEAR II”) board of directors approved the temporary suspension of the REIT’s distribution reinvestment plan (“DRP”) in connection with the proposed…

Cole Office & Industrial (CCIT III) Approves $8.60 NAV

Based on the recommendation from a valuation committee comprised of the independent directors of Cole Office & Industrial REIT (CCIT III), Inc., on February 13, 2019, the Company’s board of directors unanimously approved…

Rodin Global Property Trust Extends Offering and Announces Distributions and NAV

On February 12, 2019, the board of directors of Rodin Global Property Trust, Inc. authorized the extension of the term of the company’s initial public offering until March 23, 2020…

Hines Global REIT Announces $6.17 Net Asset Value Per Share

On February 14, 2019, Hines Global REIT’s board of directors determined a new per share net asset value (“NAV”) of the company’s common stock of $6.17 as of February 14, 2019. This new per share NAV is lower than the previously…

MacKenzie Realty Capital Offers to Repurchase Shares at $9.00

MacKenzie Realty Capital Inc. is offering to buy back 411,893.49 of its common shares at $9 apiece. In its Q4 2018 financial statement, it reported a net asset value per share of $9.79 as of December 31, 2018, down…

Cole Office & Industrial REIT (CCIT II) to Sell 18 Industrial Properties

On February 14, 2019, Cole Office & Industrial REIT (CCIT II), Inc. (the “Seller”) entered into a Purchase and Sale Agreement with Industrial Logistics Properties Trust (the “Purchaser”), an unaffiliated

Inland Real Estate Income Trust, Inc. Outlines Strategic Plan for Future Liquidity

Inland Real Estate Income Trust, Inc. (“Inland Income Trust” or “the REIT”), a publicly registered, non-traded real estate investment trust, announced today a long-term strategic plan to move toward a…

Highlands REIT Sells Lincoln Mall Property

On February 13, 2019, Highlands REIT, Inc. through MB Lincoln Mall, L.L.C, a wholly-owned subsidiary of the REIT, agreed to sell the Lincoln Mall in Lincoln, Rhode Island, to an affiliate of Acadia Strategic Opportunity Fund V LLC, an…

Inland Residential Properties to Sell The Retreat at Market Square for $47 Million

The REIT purchased the property in 2015 for $45.7 million.

MacKenzie Capital Launches $11.39 Tender Offer for Inland Residential Shares

The purchasers currently do not own any shares in the Oak Brook, Ill.-based company, and are expected to pay up to about $2.3 million if all the shares are tendered under the offer.

As of October 31, 2018, the date with the most recently filed semi-annual and annual statements, how many interval funds had net assets in excess of $1.0 billion?

Answer: Eight interval funds had net assets in excess of $1.0 billion, led by Stone Ridge Trust II ($6.0 billion), Stone Ridge Trust V ($3.5 billion), ACAP Strategic Fund ($3.3 billion), Griffin Institutional Access Real Estate Fund ($2.6 billion), and Versus Capital Multi-Manager Real Estate Income Fund ($2.5 billion).