AltsTech News
AltsTech News
Comrit Investments Offers $13.08 for Benefit Street Partners Realty Trust Shares
A limited partnership with a general partner of a limited liability company organized under the laws of the State of Israel has tendered…
KBS Strategic Opportunity REIT II Declares Cash and Stock Distributions
On October 10, 2018, KBS Strategic Opportunity REIT II’s board of directors declared…
Diversification as One of Real Estate’s Enduring Qualities
From time to time, it’s good to revisit the basics of why commercial real estate (CRE) makes sense for many investors…
September NTR Sales Recede Toward June Levels, Down 15% From August
After nontraded REIT sales reached a high for the year at $420.1 million in August, sales…
Which two nontraded REIT sponsors ranked second and third in total capital raised by two programs each in both August and September 2018, after Blackstone REIT’s continuous offering?
Answer: Black Creek Group’s Black Creek Industrial REIT IV and Black Creek Diversified Property Fund gave the sponsor its second place ranking among nontraded REIT sponsors. Griffin Capital’s Griffin Capital Essential Asset REIT II and Griffin-American Healthcare REIT IV gave the sponsor its third place ranking in both August and September among nontraded REIT sponsors.
Hines Global REIT Plans to Sell Campus for $335 Million
On October 2, 2018, Hines Global REIT, Inc., entered into a contract with…
Cole Real Estate Income Strategy (Daily NAV) Modifies Share Classes and Fees
On October 9, 2018, Cole Real Estate Income Strategy (Daily NAV), Inc., publicly disclosed in a prospectus supplement to the prospectus for the Company’s public offering that it intends to…
The Parking REIT Files for Offering and Listing on NASDAQ Global Market
The Parking REIT, Inc., (the Company) a nontraded REIT that invests primarily in parking facilities, has applied to list its common stock…
Black Creek Industrial REIT IV Updates Portfolio Status, Transaction Price
As of October 2, 2018, Black Creek Industrial REIT IV Inc. owned and managed a real estate portfolio that included properties…
Griffin-American Healthcare REIT III Announces Updated Estimated NAV
On October 4, 2018. Griffin-American Healthcare REIT III issued a letter to shareholders announcing an updated estimated per share net asset value of the…
US REITs Trade at 6% Discount to NAV at End of Q3 2018
In its monthly update of the Data Dispatch that analyzes publicly traded U.S. equity real estate investment trusts with market capitalization of at least $200 million…
Strategic Storage Trust IV Acquires Land for Development in Ontario, Canada
Strategic Storage Trust IV, Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced…
Griffin-American Healthcare REIT IV Acquires Skilled Nursing Facilities Portfolio for $88.2 Million
American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today…
RREEF Property Trust, Inc. Announces New Appointments to Leadership Team
On October 1, 2018, Julianna S. Ingersoll notified the board of directors of RREEF Property Trust, Inc. of her resignation…
AFIN B-1 Shares to Convert on October 10, Increases Credit Facility
American Finance Trust, Inc. (“AFIN”) announced on September 20, 2018, that all issued and outstanding shares…
VEREIT Settles Eight More Lawsuits Related to ARCP Accounting Fraud
VEREIT, Inc. (NYSE: VER) announced today that on September 30, October 1, and October 2, 2018, VEREIT, Inc. and VEREIT Operating Partnership, L.P. (collectively “VEREIT” or the “Company”) entered into Settlement Agreements and Releases…
Tender Offer for Hines Global REIT Shares at $6.15 Per Share
On October 2, 2018, MacKenzie Realty Capital, Inc., CMG Partners, LLC, and Coastal Realty Business Trust, collectively offered…
Where are U.S. $100 bills being held?
Where are U.S. $100 bills being held? Answer: According to Federal Reserve estimates,...
CNL Founder James M. Seneff, Jr. Receives Lifetime Achievement Award from Institute for Portfolio Alternatives
CNL Financial Group founder and executive chairman James M. Seneff, Jr. has been awarded the Lifetime Achievement Award…
KBS REIT III Board Recommends Rejecting Two Third-Party Tender Offers
The board of directors of KBS REIT III, in a letter to shareholders filed with the SEC on September 28, alerted…
