AltsTech News
AltsTech News
Strategic Realty Trust Sells Retail Property
On December 20, 2018, the Company, through an indirect subsidiary, sold a retail property…
Bluerock Residential Growth REIT Announces Share Repurchase Plan
Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) on December 26 announced that its Board of Directors has authorized a new plan for the repurchase of…
Merry Christmas from Blue Vault
And suddenly there was with the angel a multitude of the heavenly host praising God and saying:...
Inland Residential Properties Stockholders Approve Plan of Liquidation
Inland Residential Properties began its IPO in February 2015 and closed its offering in January 2018 after raising approximately $51.5 million, including DRIP.
KBS REIT Declares Final Liquidating Distribution
On December 18, 2018, the KBS REIT board of directors authorized a final liquidating distribution in the amount of …
JLL Income Property Trust Sells San Francisco Property
Jones Lang LaSalle Income Property Trust Inc. subsidiary, CEP Investors XII LLC, agreed to sell 111 Sutter St. in San Francisco to
Resource Apartment REIT III to Register $500 Million Follow-On Offering
In a December 17 filing with the SEC, Resource Apartment REIT III, Inc. has announced its intent to file a registration statement for a proposed follow-on offering …
Cottonwood Communities’ $750 Million Offering Breaks Escrow
Cottonwood Communities Inc., a publicly registered non-traded real estate investment trust sponsored by Cottonwood…
Owl Rock Capital Corp Unit ORCC Financing III Enters Financing Agreement
Owl Rock Capital Corp unit ORCC Financing III LLC entered into a $500 million loan financing and servicing agreement with various lenders…
Griffin Capital Essential Asset REIT To Merge with Griffin Capital Essential Asset REIT II
In a press release on December 20, 2018, Griffin Capital Company, LLC, announced that “Griffin Capital Essential Asset REIT, Inc. (“GCEAR”) and Griffin Capital Essential Asset REIT II, Inc…
Hines Global REIT Declares December 2018 Distributions, Ends Monthly Distributions
As previously disclosed in filings made by the Company with the SEC, with the approval of its stockholders in July 2018, the Company adopted a plan of liquidation and dissolution…
Inland Residential Properties Trust Sells Illinois Apartment Community
The Commons at Town Center property was purchased on May 3, 2017, from an unaffiliated third party for $23.0 million, plus closing costs.
Q3 2018 Nontraded REIT Industry Review is Available
Q3 2018 Nontraded REIT Industry Review is Available To access these reports, log in, hover over...
Q3 2018 Nontraded BDC Industry Review is Available
Q3 2018 Nontraded BDC Industry Review is Available To access these reports, log in, hover over...
How many census tracts in the United States and Puerto Rico have been designated as “Opportunity Zones” by the IRS as of December 14, 2018?
According to the IRS, 8,763 census tracts have been officially designated as Opportunity Zones by all of the States and Puerto Rico, as of December 14, 2018. The State of California alone has designated 879 census tracts as Opportunity Zones. The State of Texas has 628.
CION Investment Corporation Decreases Offering Price
On December 18, 2018, CION Investment Corporation (“CIC”) decreased its public offering price from…
CNL Healthcare Announces Result of MacKenzie Tender Offer
MacKenzie Realty Capital, Inc. made a tender offer to purchase up to 8,750,000 shares of common stock in CNL Healthcare Properties, Inc. at a purchase price equal …
Rising Borrowing Costs Narrow Spread vs. Yields on Commercial Real Estate
According to data firm Trepp LLC, the spread between long-term borrowing rates and the average yields on some types of commercial real estate are
American Realty Capital New York City REIT Eyeing Liquidity Event?
Even though American Realty Capital New York City REIT hasn’t announced plans for a liquidity event, it appears to be heading in that direction. Katie Kurtz, the company’s CFO and Treasurer,…
Student Housing Properties Attract REIT Investors
According to industry experts, student housing is attractive to investors in this environment because it appears to be resilient in a recession. When the U.S. economy slows, demand for student…
