AltsTech News

Inland Residential Properties Trust Announces Liquidation Plans

“We are pleased to inform you that the Board of Directors of Inland Residential Properties Trust, Inc. (“Inland Residential”) has voted to approve a liquidity event for the Company…”

Griffin Capital Essential Asset REIT Reports Robust 2018 Leasing Activity

Griffin Capital Essential Asset REIT, Inc. (the “REIT”), announced several recently executed major lease transactions…

Which two nontraded REITs repurchased the highest percentage of weighted average shares outstanding in Q2 2018?

Answer: KBS Strategic Opportunity REIT repurchased 16.32 % of weighted average shares outstanding in Q2 2018. Black Creek Diversified Property Trust repurchased 4.59% of weighted average shares outstanding in Q2 2018.

InvenTrust Completes Dutch Auction Self-Tender Offer for over 46 Million Shares

InvenTrust Properties Corp. has accepted for purchase 46,421,060 shares of its common stock properly tendered…

Hospitality Investors Trust Announces Share Repurchase Program at $9.00 Per Share

On September 24, 2018, Hospitality Investors Trust, Inc. announced that its Board of Directors has adopted a Share Repurchase Program…

Griffin-American Healthcare REIT IV to Purchase 24 Healthcare Facilities for $78.5 Million

Griffin-American Healthcare REIT IV entered into an amended purchase…

American Finance Trust Announces Class B-1 Shares to Convert on October 10

On September 18, 2018, American Finance Trust, Inc. filed a Certificate of Notice…

Parking REIT Board Member Resigns in Protest of Board Actions

On September 20, Parking REIT, Inc. filed an 8-K with the SEC which included an attachment of the resignation letter by…

Estimated Returns for Nontraded REITs with Frequent NAV Estimates

Those nontraded REITs with daily or monthly estimated NAV per share announcements have year-to-date annualized returns based…

10 years later: How fund investing has changed

A decade ago, as Lehman Brothers went bust and the fragile financial system was teetering,…

Resource Apartment REIT III Acquires 204-Unit Florida Multifamily Community

On September 14, 2018, a wholly-owned subsidiary of Resource Apartment REIT III purchased a…

Carter Validus Mission Critical REIT II, Inc. Announces New Officers

On September 14, 2018, Carter Validus Mission Critical REIT II, Inc., a public non-traded real estate investment trust, announced…

How Has Steadfast Performed in the Nontraded REIT and Closed-End Fund Industries?

With the recent report by DI Wire that the capital markets division of Steadfast Companies had laid off multiple employees and is leaving the nontraded direct investment space…

Black Creek Diversified Property Fund’s Latest NAV

Black Creek Diversified Property Fund Inc. announced a revised NAV per share

How many nontraded REITs reported an increase in EBITDA between Q1 2018 and Q2 2018?

Answer: Of the 63 nontraded REITs reporting EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for Q2 2018, 42 reported increases. The 63 REITs had total EBITDA of $1.32 billion for Q2 2018, up about 2% from the $1.29 billion for Q1 2018. The REIT reporting the highest EBITDA for Q2 2018 was Hines Global REIT, Inc., with $88.92 million, followed by Blackstone REIT with $82.04 million.