AltsTech News - Blue Vault

Which healthcare-focused nontraded REIT provided its earliest investors with an annualized average rate of return of 9.28% via its 2017 full-cycle liquidity event?

Answer: Sentio Healthcare Properties, Inc. was sold to Kayne Anderson Real Estate Advisors on August 31, 2017 for $14.94 per share, resulting in an average annualized return to early investors of 9.28%, according to Blue Vault’s Fifth Edition Nontraded REIT Full-Cycle Performance Study.

Independent broker-dealers are stepping up their game on recruiting from the wirehouses

Independent broker-dealers have narrowed the gap between themselves and the wirehouses and are able to attract more quality brokers from the Big Four.

Industrial Income Trust Inc. recently completed its liquidation of remaining assets, which met Blue Vault’s definition of a full-cycle event. What was the estimated annualized return to its earliest investors who invested distributions in additional shares via the REIT’s DRIP?

Answer: According to Blue Vault’s Fifth Edition Nontraded REIT Full-Cycle Performance Study, early investors had an annualized rate of return over the life of the REIT of 8.10% if they reinvested all distributions via the DRIP.

CIM Group Acquires Cole Capital from VEREIT

VEREIT, Inc. (NYSE: VER) on February 1 announced that it closed the sale of Cole Capital (“Cole”) to an affiliate of CIM Group. VEREIT is a publicly-traded real estate investment trust formerly known as American Realty Capital Properties Inc.

SmartStop Asset Management, LLC Announces the Acquisition of a 760-Bed Student Housing Community Near University of South Carolina for $64.5 Million

SmartStop Asset Management, LLC (SmartStop) announced today that certain of its affiliates have acquired Aspyre at Assembly Station, a 400-unit, 760-bed student housing community for $64.5 million. The property is within walking distance of the University of South Carolina.

Strategic Storage Growth Trust, Inc. Acquires 870-Unit Newly Constructed Self Storage Facility Near Miami, Florida

Strategic Storage Growth Trust, Inc., a public non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, announced today its purchase of an 870-unit self storage facility in the Miami suburb of Pembroke Pines, Florida. The facility was completed in early 2018.

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.