AltsTech News

How many nontraded REITs have acquired light industrial properties since January 2018?

Answer: Five nontraded REITs have completed ten transactions to acquire warehouse/distribution centers encompassing a combined 25.3 million square feet of leasable area. The REITs and the number of transactions include Black Creek Industrial REIT IV (3), RREEF Property Trust (3), Griffin Capital Essential Asset REIT (2), Cole Real Estate Income Strategy (Daily NAV) (1), and Blackstone REIT (1).

Going the ‘Last Mile’

Going the ‘Last Mile’ August 29, 2018 | Beth Glavosek | Blue Vault It’s no secret that e-commerce...

Rising Consumption Boosts Grocery Sector; Segment in Transformation to Emerging Models

Grocery stores gather momentum as retail sales record big gain…

Look to REITs for Retirement Income as Inflation Heats Up

Bond yields remain low, inflation is ticking up, and stock valuations look lofty…

Smart Apartments: What Technology Matters to Renters?

Amazon’s personal assistant Alexa and smartphone apps are simplifying life in homes across the country…

Which nontraded REIT had the highest percentage of its distributions reinvested pursuant to its distribution reinvestment program in Q2 2018?

Answer: JLL Income Property Trust Inc. had the highest percentage of its distributions reinvested in Q2 2018 at 65%. Other REITs with a high percentage of distributions reinvested: Hartman vREIT XXI, Inc. (63%), Blackstone REIT, Inc. (62%), Resource Real Estate Opportunity REIT, Inc. (61%), CNL Healthcare Properties II, Inc. (59%) and Black Creek Industrial REIT IV Inc. (58%).

Benefit Street Partners Realty Trust Accepts $17 Million Preferred Shares Commitment

On August 21, 2018, Benefit Street Partners Realty Trust, Inc. entered into a joinder to…

ARC New York City REIT Temporarily Reactivates Share Repurchase Program

American Realty Capital New York City REIT Inc.’s board reactivated the company’s share repurchase program only for the period…

Ten Q2 2018 Nontraded BDC Individual Pages Available Now!

Ten Q2 2018 Nontraded BDC Individual Reports are Now Available! You may access the reports by...

NorthStar/RXR Board OK’s Sale of All Assets, Merger With Advisor

On August 20, 2018, the board of directors of NorthStar/RXR New York Metro Real Estate, Inc., a nontraded REIT program co-sponsored by Colony Capital, Inc…

Which interval fund reported the highest July sales of the nine reporting to Blue Vault?

Answer: Griffin Institutional Access Real Estate Fund reported July sales of $85.8 million, highest among the nine interval funds reporting July sales to Blue Vault.

Procaccianti Hotel REIT, Inc. Public Nontraded REIT Offering Declared Effective by SEC

Procaccianti Hotel REIT, Inc. was formed on August 24, 2016, to acquire and own a diverse portfolio of hospitality properties consisting primarily of…

Blackstone REIT Announces Revised NAV Per Share and September Pricing

Blackstone Real Estate Income Trust announced a revised NAV per share calculation as of July 31, 2018, and the updated transaction prices for each class…

Strategic Storage Growth Trust Reviews Alternatives, Suspends DRP

The Board of Directors of Strategic Storage Growth Trust, Inc. announced on August 10 the suspension of its distribution reinvestment plan (“DRP”) and…

Griffin Capital Essential Asset REIT II Suspends Offering, Considers Strategic Alternatives

In a filing with the SEC on August 17, Griffin Capital Essential Asset REIT II announced that the Board of Directors had formed a Special Committee …

Sierra Income Corporation to Acquire Medley Capital Corporation

On August 9, 2018, Sierra Income Corporation (“Sierra”), Medley Capital Corporation (“MCC”), and Medley Management Inc. (“Medley”) issued a joint press release…

Which AR Global-sponsored nontraded REIT had a book value of equity per share as of June 30, 2018, of $14.35 and a most recent estimated net asset value per share of $20.25?

Answer: Healthcare Trust, Inc., formerly American Realty Capital Healthcare Trust II, Inc.