AltsTech News
AltsTech News
Bluerock Residential Growth REIT (BRG) Fourth Quarter 2017 Earnings, Conference Call Set for February 14
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company” or “BRG”) will release its financial results for the fourth quarter ended December 31, 2017 before the market opens on Wednesday, February 14, 2018.
Bluerock Value Exchange Appoints Josh Hoffman as President
Over the course of his career, [Josh Hoffman] has successfully completed more than 65 sponsored 1031 like-kind exchange security offering programs representing more than $1.4 billion in property value and more than 7.8 million square feet.
Update: United Development Funding IV to Settle Shareholder Lawsuit
In an article posted on Blue Vault’s website in December, 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 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.
Carter Validus Mission Critical REIT II, Inc. Acquires Approximately $73 Million in Healthcare and Data Center Real Estate in the Month of December 2017
Carter Validus Mission Critical REIT II, Inc. (“CV Mission Critical REIT II”), a non-traded real estate investment trust focused on assembling a portfolio of high-quality data center and healthcare real estate, acquired properties during December 2017 for an aggregate contract purchase price of approximately $73 million, excluding closing costs and related fees.
Out of 45 Interval Funds that have a fiscal year end reported in their SEC filings, how many have a December 31 fiscal year end?
Answer: Only 8 interval funds out of 45 had reported a fiscal year end of December
Bluerock Capital Markets Reports 60% Growth in Capital Raise; Achieves Top 4 Ranking in Direct Investment Industry
Capital raised for BCM’s direct investment product suite grew by 60% in 2017, following a 160% increase in 2016.
Blue Vault Will Attend the FSI OneVoice 2018 Conference on January 29-31st
Stop by Booth #402 to see us!
Which interval fund had sales of $72.2 million in December, 2017, leading all interval funds reporting sales to Blue Vault for the month?
Answer: Bluerock’s Total Income + Real Estate Fund reported sales of $72.2 million in December, 2017.
Don’t Miss Summit 2018!
Don’t Miss Summit 2018! January 24, 2018 | Beth Glavosek | Blue Vault Blue Vault’s fourth...
REITs: Looking Back on 2017 and Looking Forward to 2018
The big story of 2017 for REIT investors was how dramatically they underperformed the broad stock market.
Which nontraded REIT program led all others in sales in December, 2017?
Answer: Blackstone Real Estate Income Trust, Inc. reported sales of $170.1 million in December, 2017.
SmartStop Asset Management, LLC Acquires 345-Bed Student Housing Community Near University of Michigan Campus for $43.8 Million
“We are very pleased to complete the acquisition of this Class ’A’, institutional-quality student housing property located near one of the largest and most prestigious research universities in the country,” said H. Michael Schwartz, chief executive officer of SmartStop.
NorthStar REIT and NorthStar REIT II Shareholders Approve Merger
The stockholders of NorthStar Real Estate Income Trust, Inc. (“NorthStar I”) and NorthStar Real Estate Income II, Inc., (“NorthStar II”) voted to approve the mergers of NorthStar I and NorthStar II into Colony NorthStar Credit Real Estate, Inc. (“CLNC”) at special meetings on January 18.
Carter Validus Mission Critical REIT Announces $3.00 Special Distribution
Carter Validus Mission Critical REIT, Inc. (“the Company”) announced January 22 that its Board of Directors has declared a special distribution of $3.00 per share of common stock, subject to, and conditioned upon, all required third party consents and approvals.
Bluerock Value Exchange Sells Chace Lake DST (1031-Exchange) Investment Property
The full-cycle investment provided an 8.1% internal rate of return (IRR), including cash flow, over the approximate 5-year hold period.
Phillips Edison & Company Acquires 23 Shopping Centers in 2017
Phillips Edison & Company (the “Company”) is pleased to announce a strong close to 2017, acquiring 23 grocery-anchored shopping centers on behalf of the Company and its sponsored programs throughout the year.
Self-Storage REIT Outlook Remains Positive, Green Street Analyst Says
Ryan Burke, an analyst at Green Street Advisors, joined Nareit for a video interview at REITworld 2017.
A Conversation with Grocery Real Estate Pioneer Phillips Edison
With the internalization of its Grocery Center REIT I’s advisor, Phillips Edison has hit some significant milestones this year.
When a nontraded REIT revises its estimated NAV per share, what are the most important assumptions that affect the estimated value of the REIT’s real estate portfolio?
Answer: Exit capitalization rates, discount rates for cash flows from property investments, annual market rent growth rate and average holding period.
How the New Tax Law Impacts Commercial Real Estate Investment
How the New Tax Law Impacts Commercial Real Estate Investment January 16, 2018 | James Sprow |...
