AltsTech News
AltsTech News
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.
Public Hearing on Investing in Qualified Opportunity Funds Postponed
The public hearing on proposed regulations under section 1400Z-2 of the Internal Revenue Code concerning capital gains invested in qualified opportunity funds
Where Multifamily Investors Are Seeking Opportunities
Over the last three years, a portion of the multifamily investment community has begun to look beyond urban centers like New York, Boston, and San Francisco.
Downside Beta and Upside Beta: REITs Have Generally Protected Against Stock Market Declines
Early January 2019 has seen a continuation of the stock market turmoil that dominated December 2018…
Carter Validus Mission Critical REIT Reached 2% Limit in Q1 2019 SRP
According to the REIT’s Second Amended and Restated Share Repurchase Program (the “Amended & Restated SRP”), which became effective January 1, 2019,…
Which sponsor of a nontraded REIT has been investing in real estate since 1934 and had $988 billion in assets under management, including $45 billion in U.S. real estate as of September 30, 2018?
Nuveen Global Cities REIT is sponsored by Nuveen. The REIT is currently offering up to $5 billion of common stock in a perpetual life offering, featuring monthly Net Asset Values (NAVs). The public offering includes four share classes (T, S, D, and I shares). Teachers Insurance and Annuity Association of America (“TIAA”) is the ultimate parent company of TIAA Global Asset Management/Nuveen.
In the Wake of Stock Market Turmoil: Returns, Volatility, Correlation, Beta, Diversification Benefits, and Forward Expectations for REITs
December 2018 was bitter for investors. Total returns in the broad REIT market were…
Kroger, Microsoft Create Futuristic Grocery Store. Amazon, Take Note
Kroger Co. and Microsoft Corp. are joining forces to bring the ease of online shopping to brick-and-mortar grocery stores…
REIT Outlook and Top Real Estate Issues to Watch for in 2019
The next year is likely to be a good but not great one for real estate, with solid job growth, consumer spending and business activity driving demand for nearly all types of commercial real estate.
Will Appraisals of Big-Box Store Properties Affect Nontraded REIT Portfolio Values?
A January 6, 2019, article in the New York Times reported that big-box retailers are using an aggressive legal tactic to shrink their property tax bills. According to the article,…
FS Energy and Power Fund Decreases DRP Price from $6.50 to $6.10
Effective December 31, 2018, FS Energy and Power Fund decreased the price at which it issues shares under its distribution reinvestment plan (the “DRP”) from…
RREEF Property Trust Acquires Chicago Shopping Center
DWS Group announced today that RREEF Property Trust, Inc., its publicly registered, daily NAV REIT, has acquired Elston Plaza, an urban…
How Investors Can Ensure Their Opportunity Zone Investment Is A Smart Deal
While the term “Opportunity Zones” may sound familiar now, it’s a relatively new term, and…
FTSE EPRA Nareit Index Returns for U.S. Listed REITs Negative in 2018
The FTSE EPRA Nareit Index for U.S. listed REITs showed total returns were negative for…
