AltsTech News
AltsTech News
Small B-D Outlook Improves
One year ago, small broker-dealers weren’t feeling particularly upbeat. With the implementation of the DOL rule looming,…
NAV for Bluerock’s Total Income+ Real Estate Fund A-Shares Eclipse $30 Per Share
In a press release June 13, 2018, Bluerock Fund Advisor announced that Bluerock’s Total Income+ Real Estate Fund’s (“TI+”, “Fund”, tickers: TIPRX, TIPPX, TIPWX, TIPLX) NAV for its A-shares, the Fund’s longest running share class, eclipsed the $30 per share mark representing …
May NTR and BDC Sales
Led by Blackstone REIT’s increase in sales of $11.8 million in May versus April, the nontraded REIT offerings raised a total of…
Judge Says UDF Lawsuit Against Kyle Bass and Hayman Capital Will Proceed
In an article posted on Blue Vault’s website on December 19, 2017, entitled “How An Attack on a Nontraded REIT Sponsor Made a Hedge Fund Manager $60 Million,” we referred readers to a lawsuit filed by United Development Funding LP (“UDF”) and its related companies accusing hedge fund manager J. Kyle Bass and his closely held company Hayman Capital Management, L.P., of perpetrating a “short-and-distort” scheme by spreading false and damaging information about UDF in order to drive down the company’s stock price and profit by covering their short positions by buying shorted shares at much lower prices.
How much money was reinvested in nontraded REITs during Q1 2018?
Total distributions reinvested for 47 REITs reporting DRIP proceeds in Q1 2018 was $332.7 million. This compares to total distributions reinvested for 48 REITs reporting DRIP proceeds in Q1 2017 of $334.7 million.
Non-Listed REITs Regain Fundraising Momentum
The non-listed REIT sector appears to have rounded an important corner. …
Nuveen, Starwood, Griffin Follow Blackstone Into NAV REIT Market
With Blackstone raising $250 million a month in its recently created NAV REIT,…
How to Explain ARC New York City REIT Performance?
American Realty Capital New York City REIT closed its IPO on May 31, 2015, after raising approximately…
American Finance Trust Reports Results of Self Tender Offer
According to an SEC filing on June 5, 2018, American Finance Trust, a nontraded REIT originally named American Realty Capital Trust V, has closed its tender offer after receiving and accepting for purchase 207,713 validly tendered shares.
Blackstone REIT’s Acquisitions Illustrate Potential Economies of Scale
When nontraded REIT programs do not raise large amounts of equity in their public offerings, they may find…
Blackstone REIT Plans to Raise Another $10 Billion in NTR Offering
In a registration statement filed with the SEC on Tuesday, Blackstone Real Estate Income Trust made known its intentions to …
Which nontraded REIT repurchased the most common shares during Q1 2018?
KBS Real Estate Investment Trust III, Inc. repurchased more of its common shares than any other NTR in Q1 2018. The REIT repurchased 5,151,510 shares in the quarter ended March 31, 2018. Next was Carter Validus Mission Critical REIT, Inc. which repurchased 4,447,367 shares for the quarter. Hines Global REIT, Inc. repurchased 3,658,316 shares.
JLL Income Property Trust Reports First Quarter Performance
JLL Income Property Trust, an institutionally managed daily NAV REIT, announced its operating results for the first quarter of 2018 in a press release filed on May 31, 2018.
Happy 150th Birthday, Closed-End Funds
A century and a half later, closed-end funds continue to be an efficient way for investors to access some of the biggest growth opportunities in emerging markets.
Rising rates? It may be time to buy, not sell, those REITs
Interest rates are rising. Sell your REITs! That’s the usual knee-jerk reaction of investors when the economic cycle is getting old and the Federal Reserve Bank is raising interest rates.
Economy Watch Weekly: US Economic Growth to Slow in 2019
Fannie Mae’s Economic and Strategic Research Group recently revised…
Bluerock’s Total Income+ Real Estate Fund Surpasses $1 Billion in AUM
Bluerock’s Total Income+ Real Estate Fund announced today that it surpassed $1 Billion in assets under management on June 4, 2018.
Griffin Capital Securities Achieves Record Growth Across All Intermediary Distribution Channels
Griffin Capital Company, LLC (“Griffin Capital”) announced today the achievement of several significant milestones for May including…
What percentage of nontraded REIT debt will mature during 2018?
Debt maturing during the fiscal year 2018 was 9.8% of the total debt for nontraded REITs reporting as of March 31, 2018. Debt maturing during the fiscal year 2017 was 11.2% of the total debt for nontraded REITs reporting as of the year-earlier March 31, 2017.
The World of Investment Advice Professionals
The World of Investment Advice Professionals June 6, 2018 | Beth Glavosek | Blue Vault In the last...
