AltsTech News

A Comprehensive Guide To The Opportunity Zones’ Proposed Rules

On October 19, Treasury and the IRS released highly anticipated regulatory guidance related to the Opportunity Zone program…

Self-storage REITs Employ Modern Technologies to Optimize Operations

When people think of how technology impacts real estate, the self-storage sector may not immediately come to mind. However…

FIRST PERSON: Bill Miller on CIM Group’s Institutional Approach to the Retail Business

CIM is a community-focused real estate and infrastructure owner, operator and lender…

Real Estate’s Enduring Qualities, Part 2

Real Estate’s Enduring Qualities, Part 2 October 25, 2018 | Beth Glavosek | Blue Vault From time...

IRS Proposes Generous Rules For Opportunity Zone Investors, But What Will They Mean For Communities?

Last Friday, the IRS published its first set of proposed regulations for…

Which two traded REITs are issuing nontraded preferred stock and sold over $14 million in nontraded preferred stock in September 2018 and over $109 million year-to-date through September 2018?

Answer: Bluerock Residential Growth REIT and CIM Commercial Trust (CMCT) together raised over $14 million by issuing nontraded preferred stock in September 2018 and together have raised over $109 million through the issuance of nontraded preferred stock year-to-date through September 2018.

Strategic Storage Growth Trust Urges Rejection of $10.00 Tender Offer

Strategic Storage Growth Trust Inc. advised its stockholders to reject MacKenzie Capital Management LP’s unsolicited attempt to acquire an…

Fall Webinar Series: Private Credit & the Growth of Direct Lending

Fall Webinar Series: Private Credit & the Growth of Direct Lending Join us Thursday, November...

Fall Webinar Series: Today’s Income Imbalance: Finding Yield Beyond the 60/40

Fall Webinar Series: Today’s Income Imbalance: Finding Yield Beyond the 60/40 There’s...

Fall Webinar Series: Do Your Clients Know your Value?

Fall Webinar Series: Do Your Clients Know Your Value? When you use the Four C’s, the answer...

Hines Global Income Trust Announces September 30 NAV of $9.94

Hines Global Income Trust, Inc. announced on October 17 that the transaction price for each class of the Company’s common stock…

Shareholders Approve NorthStar/RXR Metro Real Estate Full-Liquidity Plan and Merger

NorthStar/RXR New York Metro Real Estate Inc.’s proposed merger with and into…

Apartment Rentals Now Make Up a Larger Share of New Housing Units in the U.S. Than They Have in Decades

Apartment rentals have been luring residents away from other kinds of housing since…

What bank rate is the basis for most variable rate debt utilized by nontraded REITs and what will happen in 2021 to change the reference rate for variable rate debt and interest rate swaps?

Answer: Currently, most variable rate debt utilized by nontraded REITs have interest rates based upon LIBOR, the London Interbank Offered Rate. In April 2018, the New York Federal Reserve began publishing the Secured Overnight Financing Rate (SOFR), a rate that regulators hope will eventually be adopted to back U.S. dollar-based derivatives and loans. The head of Britain’s financial markets regulator said last year that a LIBOR substitute must be in place for banks to use by the end of 2021 and that LIBOR must because there are not enough transactions underpinning the rates.