AltsTech News

Parking REIT Replaces CFO and Leaves Blue Vault Wondering “What’s Going On?”

On May 31, 2018, the Board of Directors of The Parking REIT, Inc. a public non-traded real estate investment trust (“REIT”),…

Bluerock’s Total Income+ Real Estate Fund Announces Record Capital Inflows in May

In a press release dated June 6, 2018, Bluerock’s Total Income+ Real Estate Fund (“TI+,” tickers: TIPRX, TIPPX, TIPWX, TIPLX) announced it has realized significant increases in…

What portion of nontraded REIT total debt is at fixed rates?

For 60 nontraded REITs reporting total debt at March 31, 2018, the portion of total debt that was at fixed rates, including debt that was hedged utilizing interest rate swaps, was 62.2%. For the year-earlier quarter ended March 31, 2017, 62 nontraded REITs reported 60.5% of all debt as having fixed rates.

Register now for “Trends That Matter to Your Business” with Mark Goldberg, Griffin Capital Securities

Register now for “Trends That Matter to Your Business” with Mark Goldberg, Griffin...

First Quarter 2018 NTR Sales and April Sales Trends

Looking back at Q1 2018 shows that nontraded REIT capital raise…

Big Data And The Future Of Retail

This isn’t your parents’ retail market, as InvenTrust chief Tom McGuinness makes perfectly clear in this exclusive RECon video interview. But what does this mean for providers of retail space?

FIRST PERSON: Resource’s Alan Feldman on Multifamily’s Enduring Value

FIRST PERSON: Resource’s Alan Feldman on Multifamily’s Enduring Value May 25, 2018 |Beth Glavosek...

Corporate Property Associates 18 – Global Announces NAV Change

Corporate Property Associates 18 – Global Incorporated announced on May 30 that its estimated net asset values per share (“NAVs”) as of March 31, 2018, was…

What is the average debt ratio for all nontraded REITs?

Answer: The average debt ratio for all nontraded REIT programs as of December 31, 2017, was…

The Parking REIT Announces $24.61 Estimated NAV Per Share

On May 29, 2018, the Board of Directors of The Parking REIT, Inc., a publicly registered non-traded real estate investment trust, determined that the Company’s estimated net asset value (“NAV”) was…

Good returns, strong fundraising benefit alternative firms

A heady brew of returns and fundraising success gave a lift to alternative managers’ assets, but only…

Home prices are still on a tear, Case-Shiller says

The numbers: The S&P/Case-Shiller national index rose a seasonally adjusted 0.4% and was up 6.5% compared to a year ago in March.

Investors Still Can’t Get Enough of Industrial Properties, Experts Say

Despite increasing valuations and compressed cap rates, industrial/logistics real estate remains “the prettiest girl at the dance,” says Mark Glagola, senior managing director of the Mid-Atlantic capital markets group at brokerage firm Transwestern. “Investors are buying at lower caps, but supply is overwhelmed by demand,” he notes.

Grocery-anchored shopping centers get thumbs-up

Amid headlines of retailer bankruptcies and shuttered stores, supermarkets are seen as a plus by the commercial real estate sector.

Of the 4 nontraded REITs in the Blue Vault Liquidating LifeStage, American Finance Trust, InvenTrust Properties, KBS Legacy Partners Apartment Trust, and Lightstone Value Plus Real Estate Investment Trust V (formerly Behringer Harvard Opportunity REIT II), which REIT has the strongest interest coverage ratio?

Answer: Of the 4 Liquidating LifeStage REITs, Lightstone Value Plus Real Estate Investment Trust V has the healthiest interest coverage ratio at 7.7X. However, each of the other 3 Liquidating LifeStage REITs also has what is considered to be a healthy interest coverage ratio; American Finance Trust at 3.4X, Inventrust Properties at 7.0X, and KBS Legacy Partners Apartment Trust at 2.0X. According to industry analysts, a 2.0X interest coverage ratio, meaning operating income is at least twice interest expense, is generally considered to be in the healthy category.

Furthermore, while American Finance Trust is paying a distribution yield of 5.20%, its MFFO payout ratio of 131% means it is not covering those distributions completely.