AltsTech News
AltsTech News
Creating Value by Consolidating Independently-Owned CRE Assets
There have been many successful examples in the past of large-scale investments in sectors that began as many independently-owned businesses…
The U.S. Apartment Sector Would Continue to Remain Strong Even in a Recession
Even if there is an economic downturn in the near future, the apartment sector is likely to hold up, according to industry experts…
REITs Contend With Flexible Lease Demands
This year is poised to be an eventful one for REITs, with several regulatory and policy changes taking effect that will impact operations and balance sheets…
2019 Self-Storage US Investment Forecast
Steady job creation will sustain economic growth in the coming year, but the tight labor market will create a highly competitive recruiting climate that…
Hartman vREIT XXI Announces Acquisition of Suburban Houston Office Building
Hartman vREIT XXI, Inc. (vREIT XXI) completed its acquisition of 11211 Katy Freeway on January 10, 2019. 11211 Katy Freeway is a 6-story, 77,882 square foot…
JLL Income Property Trust Announces 2018 Tax Treatment of Distributions
One of the advantages of REIT investments is the tax treatment of cash distributions. In the case of Jones Lang LaSalle’s Income Property Trust, 99.92% of 2018…
January NTR Sales Down 2.6% From December, Nontraded BDC Sales Up 33%
Reporting nontraded REITs booked capital raise of $395.1 million in January*, down 2.6% from the $405.7 million total for…
Bluerock Capital Markets’ Equity Sales Surge in January to $120 Million
Bluerock Capital Markets (BCM) announced today that after reporting back-to-back months of record equity capital raise by its sponsored investment programs…
NexPoint Challenges Independence of Medley and Sierra Boards
Following the announcement that Medley Capital Corporation (“MCC”) and Sierra Income Corporation (“Sierra”) have declined the alternative merger proposal…
Which nontraded REIT has grocery-centered retail properties that have anchor tenants Publix (61) and Kroger (39) among the tenants in its estimated 340-property portfolio?
Answer: Phillips Edison & Company’s tenants include Publix, Kroger, UPS Store, Subway, Starbucks, and Great Clips.
Hines Global REIT Sells San Francisco Office Building for $342.5 Million
On February 4, 2019, a subsidiary of Hines Global REIT, Inc. sold 550 Terry Francois to a wholly-owned subsidiary of The Gap, Inc. 550 Terry Francois is a…
Sierra Income & Medley Capital Decline NexPoint’s Proposal
One day after NexPoint Advisors, L.P. (“NexPoint”) encouraged shareholders to vote against the proposed merger between Medley Capital Corporation (“MCC”)…
Northstar REIT II, Behringer Opp REIT I Total Returns Atrocious
Following the recently released Nontraded REIT Full-Cycle Return summary from last week, which disclosed the total returns of the first 56 full-liquidity REIT…
The Latest Full-Cycle Events for Nontraded REITs
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Inland Residential Properties Trust Announces $16.06 Estimated NAV
The REIT’s Business Manager estimated that its real estate sales values, less transaction costs, payments due to related parties, plus cash and other assets net of liabilities, and less debt, totaled $35.1 million.
Hines Global Income Trust Acquires German Industrial Portfolio
Hines Global Income Trust, Inc. acquired Maintal Logistics from Gutperle + Harder GmbH and Gutperle and Harder GdbR on December 31, 2018. The net
InvenTrust Properties Corp. Acquires Commons at University Place in Durham, NC
InvenTrust Properties Corp. (“InvenTrust”, “IVT”, or the “Company”) today announced the acquisition of Commons at University Place (“University Place”), a …
KBS Strategic Opportunity REIT II Board Advises Rejection of $2.75 Tender Offer
In a January 31, 2019, letter to stockholders, Chairman Peter McMillan of KBS Strategic Opportunity REIT II, Inc. advised common shareholders to reject…
NexPoint Advisors Encourages Shareholders to Vote Against Merger Proposal
On February 5, 2019, NexPoint Advisors, L.P. (“NexPoint”) issued a press release reiterating its opposition of Medley Management Inc’s (“MDLY”) role in the currently proposed merger between Medley Capital Corporation (“MCC”) and…
NexPoint Advisors Proposes Merger with Sierra Income Corporation and Medley Capital Corporation
On August 17, 2018, Blue Vault covered the potential acquisition of Medley Capital Corporation (“MCC”) and Medley Management Inc. (“Medley”) by Sierra Income Corporation (“Sierra”). The companies issued joint press releases on…
