AltsTech News
AltsTech News
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.
Lightstone Value Real Estate Investment Trust Reactivates DRIP
On October 16, 2018, Lightstone Value Real Estate Investment Trust, Inc. mailed a prospectus related to its amended and restated distribution reinvestment program…
NorthStar Healthcare Income to Restrict Share Repurchases
On October 12, 2018, the board of directors of NorthStar Healthcare Income, Inc. approved an amended and restated…
Owl Rock’s Public BDC Succeeds by Giving Investors Lower Fees and Quality Credit Portfolio (Part 2 of 3)
During a time when BDCs have been on a downward trend, Owl Rock Capital Partners has …
Strong Real Estate Fundraising Pushes Unspent Funds to a Record $294 Billion
Strong Real Estate Fundraising Pushes Unspent Funds to a Record $294 Billion October 12, 2018 |...
Inland Residential Properties to Pay Last Regular Distribution
Inland Residential Properties Trust, Inc. is pursuing a liquidity event after the Company’s board of directors determined…
Blackstone Group Closes on Purchase of Former NTR Gramercy Property Trust
On October 10, 2018, affiliates of Blackstone Group LP’s Blackstone Real Estate Partners VIII LP completed…
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…
