AltsTech News
AltsTech News
REIT Outlook and Top Real Estate Issues to Watch for in 2019
Will the economy maintain momentum in 2019, boosting demand for commercial real estate, and keeping property prices on their upward path? Or are there signs of weakening in the foundation that could lead to a downturn? Will the Fed keep raising interest rates, or are they…
FS/KKR Announce Plan of Merger for Non-Traded BDCs
FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit Advisors, LLC, announced on June 3, 2019, a definitive agreement to merge four non-traded BDCs under its advisement: FS Investment Corporation II (“FSIC II”), FS Investment Corporation III…
Accessing Direct Lending with Interval Funds
While interval funds have been around for many years, their popularity did not begin to grow until more recently. The flexibility in investment options has drawn interest from investors who crave access to the alternative space but do not want to be limited to the stricter investment…
How Co-working, Labor Costs, and M&A May Impact Real Estate Investing
Ethereal drivers like the government and politics seem to have a stranglehold on the media optics of real estate investing: the polarization of D.C., while creating volatility and opportunity, continue to drive eyes and form sentiment…
The Evolving State of the Retail Sector
The retail sector has suffered adverse headlines during the current economic expansion, but a closer examination of brick-and-mortar retailing shows the present and future are bright. The pressure from online retailers…
Which sponsor of two nontraded REIT programs ranked second in sales among reporting sponsors for the month of April?
Answer: Black Creek Group reported sales for Black Creek Industrial REIT IV and Black Creek Diversified Property Fund of $45.9 million, ranking the sponsor second behind Blackstone for April. YTD in 2019, the two REITs have raised a combined total of $188.1 million.
April NTR Sales Climb, Expected to Exceed $910 Million
Reporting nontraded REITs booked capital raise of $910.7 million in April, up 16% from the $786.4 million total for March and up 121% from the $412.6 million monthly average for the same NTRs in Q4 2018. Blackstone REIT saw capital raise increase in April by 23.7%, but…
What happens when a REIT formed to sell properties starts buying instead?
Highlands REIT, a little Chicago real estate company, was made to go out of business. Some of its investors are irked that it still hasn’t…
Q1 2019 “Vault View” NTR and BDC Webinar
Q1 2019 “Vault View” NTR and BDC Webinar The Q1 2019 NTR and BDC “Vault...
Capital Raise vs. Share Redemptions by NTRs with Continuous Offerings
Historically, nontraded REIT offerings typically had closing dates two years after they were declared effective by the SEC.
Strategic Storage Growth Trust II, Inc. Acquires 587-Unit Self Storage Facility in Phoenix
Strategic Storage Growth Trust II, Inc. (“SSGT II”), a private real estate investment trust sponsored by SmartStop Asset Management, LLC, announced on May 16 its acquisition of a 587-unit…
With April NTR sales exceeding $900 million, how does that total compare to the 3-month total for Q4 2017?
Answer: The April 2019 total NTR sales of over $912 million exceeded the three-month Q4 2017 total ($881 million) by over $30 million.
Gimme Shelter: REITs and Trade Disputes
Bickering between the United States and China has threatened to turn into a full-blown trade war, as leaders of each country have ratcheted up tariffs on imports from the other country. Analysts fear that…
Duff & Phelps Analyst Positive on REIT Valuations
Ross Prindle, managing director and global head of the real estate advisory group at Duff & Phelps, participated in a video interview at Nareit’s REITwise: 2019 Law, Accounting & Finance Conference in San Antonio…
Black Creek Diversified Property Fund Sells Office Building in San Francisco for $191.5 Million
On May 6, 2019, Black Creek Diversified Property Fund Inc. completed the sale of 655 Montgomery, an office property located in San Francisco, California, comprising approximately…
Phillips Edison & Company Reports First Quarter 2019 Results; Increases Estimated Value Per Share to $11.10
Phillips Edison & Company, Inc. (“PECO” or the “Company”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest…
KBS Strategic Opportunity REIT Board Recommends Rejection of MacKenzie Tender Offer
In a May 6, 2019, letter to stockholders, the board of directors of KBS Strategic Opportunity REIT, Inc., recommended against selling shares for $5.15 per share to MacKenzie Capital…
Breaking Down Alternative Investment Sales
Sales by reporting nontraded REITs during Q1 2019 totaled an estimated $1.712 billion, including $1.129 billion in sales by Blackstone REIT. The total did not include sales…
Which nontraded REIT program had the second highest dollar value of real estate acquisitions in Q4 2019, after Blackstone REIT’s 123 properties for a total of $1.337 billion?
Answer: Hartman Short Term Income Properties XX, Inc. acquired 26 properties on October 1, 2018, for a total of $313.2 million.
WSJ Reports Fed’s Senior Loan Officer Survey Points to Trouble for CRE
The Wall Street Journal’s “Daily Shot” for Tuesday, May 7, includes data from a survey of domestic banks by the Federal Reserve that shows an increasing number of those respondents…
