AltsTech News
AltsTech News
Broadstone Net Lease, Inc. Announces Continued Portfolio Growth in 2018
Broadstone Net Lease, Inc. (“BNL”), a privately offered real estate investment trust (“REIT”) managed by Broadstone Real Estate, LLC (“Broadstone”),…
Nontraded REIT Total Return Rankings; American Realty Capital Best, and Worst Performer
Blue Vault has been tracking nontraded REIT full-cycle performance since 2012 when our first edition, containing 17 REITs, of the Blue Vault Nontraded REIT Full-Cycle Performance Study was launched.
Daily and Monthly NAV Nontraded REIT Performance Review for 2018
This report summarizes the 2018 estimated returns to investors in those nontraded REITs that have daily or monthly NAVs announced, with pricing of their…
Strategic Storage Trust II Completes Merger with Strategic Storage Growth Trust
On January 24, 2019, Strategic Storage Trust II, Inc. completed its merger with Strategic Growth Trust, Inc., with Strategic Storage Trust II, Inc. being the surviving entity. Each of the…
Non-Listed REITs Capitalize on Fundraising Momentum
Even as publicly-traded equity REITs struggled to shake off negative returns amid stock market volatility, their non-listed peers pulled off a year of both positive performance and strong fundraising….
KBS REITs II and III Authorize February Distributions
On January 22, 2019, KBS Real Estate Investment Trust II, Inc.’s (the “Company”) board of directors authorized a February 2019 distribution in the amount of $0.02062500 per share on the…
How many nontraded REIT programs have had full-liquidity events since December 2017, providing shareholders with the ability to convert their shares into cash?
Answer: There have been a total of seven previously nontraded REIT programs that have completed full-cycle events since December 2017: …
What Happened When American Finance Trust Listed?
The previously nontraded REIT American Finance Trust (originally American Realty Capital Trust V, Inc.) listed its Class A…
The Year-End 2018: Will the End of Cheap Money Reel in CRE?
Domestic, private-label CMBS issuance last year totaled $76.1 billion in 2018, down roughly 12% from 2017’s volume. That could be viewed as a disappointment, but…
The Possibility of the Fed Pausing on Interest Rate Hikes Is Good News for CRE—As Long as it Doesn’t Lead to a Bubble
Federal Reserve Chariman [sic] Jerome Powell’s indications of a less aggressive stance on interest rate hikes in 2019 is mostly good news…
Strategic Storage Growth Trust Shareholders Approve Merger
At a special meeting of stockholders of Strategic Storage Growth Trust held on January 18, 2019, the proposed merger with Strategic Storage Growth…
Explaining Blackstone REIT’s Lower December 31 NAVs per Share
In a January 17, 2019, SEC filing, Blackstone REIT (BREIT”) announced lower transaction prices for its four classes of common stock that take effect on February 1, 2019, and are equal to each…
Multifamily Appears Most Popular For Opportunity Zone Investments
“The Opportunity Zone program appears to be attracting significant amounts of capital, and many investors we have spoken to have mentioned multifamily as perhaps the best property segment for investment under the program.”
Hines Global Income Trust Announces $10.10 Estimated NAV
In an 8-K filed January 16, Hines Global Income Trust announced their estimated NAV per share as of December 31, 2018, of $10.10 for each share class…
Blackstone to Close $20 Billion Real Estate Fund in Q1 2019
The Wall Street Journal reported on January 15 that Blackstone Group LP is about to finish raising $20 billion in the largest-ever real estate fund. The fund has raised more than twice the amount of capital as any fund ever raised by a competitor, by sourcing U.S. and foreign pension funds, foreign government and high-net-worth individuals, according to Preqin.
Data Center M&A Deal Volume Grew in 2018; but Total Value Dropped from 2017
New data from Synergy Research Group shows that the number of significant data center-oriented M&A deals continued to climb in 2018, though the total value of deals that closed in the year
Interval Fund Individual Performance Pages are Available
Interval Fund Individual Performance Pages are Available To see the latest individual performance...
Blue Vault Expands Coverage of Nontraded LLCs
Blue Vault Expands Coverage of Nontraded LLCs To access the individual performance...
Which previously nontraded REIT completed its full liquidity event when its last tranche of common shares were converted to listed shares on January 9, 2019?
American Finance Trust, Inc. (“AFIN”) announced on December 20, 2018, that all issued and outstanding shares of its Class B-2 common stock would automatically convert into shares of its Class A common stock on January 9, 2019. Class A shares trade on the Nasdaq under the ticker symbol AFIN. The Class B-2 shares represent approximately 25% of AFIN’s total outstanding shares. As of the conversion date, 100% of AFIN’s common shares became tradeable, completing its full liquidity event.
December Nontraded REIT, BDC Sales Down
Nontraded REITs booked capital raise of $405.7 million in December*, down 2.7% from the $417.0 million in November.
