AltsTech News
AltsTech News
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…
Resource Apartment REIT III Purchases Texas Apartment Community
On December 11, 2018, Resource Apartment REIT III, Inc. through its operating partnership, entered into an agreement to purchase an apartment community located in Arlington, Texas…
REITs Outperforming Broader Stock Market in 2018
The Wall Street Journal reports in a December 18 article that listed REITs are on pace this year to outperform the broader stock market…
Carter Validus Purchases Data Center in Connecticut
Carter Validus REIT Management Company LLC has acquired a single-story Connecticut data center for $5.2 million…
Bluerock Capital Markets Reports Record Capital Raise in November
Bluerock Capital Markets, LLC (“Bluerock”), a distributor of institutional alternative investment products, announced on December 18
November NTR Sales Up 0.4% From October, Nontraded BDC Sales Down 23%
Nontraded REITs booked capital raise of $417.0 million in November, just…
Performance of Listed REITs and Traditional Indices Q3 2018
The average total year-to-date return for all equity REITs has been 1.81%, which is in positive territory only due to the dividend yield of 4.19%.
Strong economy expected to lift all commercial real estate sectors in 2019
Sustained momentum from the U.S. economy’s extended economic expansion…
Which previously nontraded REIT is now listed on the Nasdaq Global Select and will have the final tranche of its common stock converted to listed stock on January 15, 2019?
Answer: American Finance Trust (AFIN) listed a portion of its outstanding shares on the Nasdaq on July 19, 2018, and the final portion of its common shares (Class B-2) will convert to Class A shares on January 15, 2019. The shares reached a high of $17.76 on September 20 and recently traded at $13.77 per share.
Recent Shareholder Returns from Perpetual Nontraded REIT Offerings
There are currently seven nontraded REITs with perpetual offerings and frequently updated NAVs.
CION Investments Announces that the CION Ares Diversified Credit Fund has Reduced its Fees
In an effort to continue to provide investors with unparalleled value, CION announces that the CION Ares Diversified Credit Fund has reduced its fees.
REITs return 4.7% in November
REITs bounced back in November, according to the FTSE Nareit Equity REITs Index, which showed…
Commercial Loan Originations Declined in the Third Quarter, But the Full-Year Activity Should Be on Par with 2017, MBA Predicts
For 2019, the MBA forecasts total commercial/multifamily originations of $541 billion, a 2 percent increase over 2018.
FIRST PERSON: Jeffrey Schwaber of Bluerock
Blue Vault recently had the opportunity to speak with Jeffrey Schwaber, CEO of Bluerock Capital Markets,
