AltsTech News
AltsTech News
Which founder of a leading sponsor of alternative investment programs including a large interval fund with over $800 million in assets as of September 30, 2017, also founded a chain of bagel shops?
Answer: Ramin Kamfar, CEO of Bluerock, also founded Einstein Noah Restaurant Group, Inc.
Which nontraded REIT recently completed the sale of its last remaining property and plans to pay a final liquidating distribution to shareholders in January?
Answer: Behringer Harvard Opportunity REIT I sold Frisco Square in Frisco, Texas, on December 28, 2017, for $53.2 million, the last remaining property in its portfolio.
U.S. Apartment Vacancy Rate Up Slightly in Q4 2017
The US apartment vacancy rate increased slightly in the fourth quarter from the third as supply exceeded demand, according to a report from Reis Inc.
Former CNL Execs Launch Impact Investments Firm
Former CNL veterans Jeff Shafer and his brother Jonathan Shafer have launched CommonGood Capital, a financial services firm that focuses on raising capital for impact investments.
KBS Strategic Opportunity REIT, Inc. to Nominate Three to Whitestone REIT Board
KBS SOR Properties LLC, a wholly owned subsidiary of California-based KBS Strategic Opportunity REIT Inc., submitted a notice on December 28 that it plans to nominate three people to the Houston-based real estate investment trust’s board of trustees at its 2018 annual meeting, according to a Whitestone press release.
Hines Global REIT to Pay $1.05 Special Distribution and Announces $8.98 NAV per Share
In December 2017, the board of directors of Hines Global REIT, Inc. authorized the Company to declare a distribution of $1.05 per share to all stockholders of record as of December 30, 2017, to be funded in part from the net proceeds received from the strategic sale of six assets during 2017.
5 Ways Congress Fell Short in Spending Your Money in 2017
As 2017 comes to a close, it’s worth remembering that America’s mountain of debt continues to grow.
Behringer Harvard Opportunity REIT I Completes Liquidation of Portfolio
On December 21, 2017, Behringer Harvard Opportunity REIT I completed the sale of Frisco Square to an unaffiliated third party for $53.2 million.
Nuveen Global Cities REIT Is Newest Nontraded REIT Offering
Nuveen Global Cities REIT, Inc. is a newly organized nontraded REIT formed to invest primarily in stabilized, income-oriented commercial real estate.
The DI Wire Q&A with NorthStar Securities’ Tim Toole
The DI Wire sat down with NorthStar Securities president and CEO Tim Toole to discuss the company, his background in the alternative investment space, and sage advice for those considering a career in the financial services industry.
Retiring NKF US Research Director Robert Bach Notes Vast Changes in CRE Over Career
CoStar News reached out to Bach for his perspective on how the industry has evolved over the years.
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
Each of the Funds has adopted a level distribution plan (the “Plan”) and employs a managed distribution and/or an option over-write policy to support a level distribution of income, capital gains and/or return of capital.
Andy Friedman Answers Top 7 Advisor Tax Bill Questions
Friedman, a former tax attorney, answers questions on alimony, deferred compensation and more
Which interval fund began in 1994 as Van Kampen Merritt Prime Rate Income Trust?
Answer: Invesco Senior Loan Fund, which reported $789 million in net assets as of August 31, 2017, and total assets of $1.05 billion.
Carter Validus Mission Critical REIT, Inc. Sells 14-Property Data Center Portfolio for $750,000,000
“We believe the sale of the Portfolio to Mapletree represents another step towards our ultimate goal of providing value to our stockholders.”
Will Real Estate Investors Benefit from Tax Changes?
Now that the “Tax Cuts and Jobs Act” has been passed by Congress and signed by President Trump, investors in real estate investment trusts (REITs) and other alternative real estate investments may stand to benefit.
Is Crowdfunding Just Another Fad?
Crowdfunding recognizes the fundamental changes brought on by technology—how people research, evaluate and act via online tools—which connects firms with investors.
Investment Program Association Names Ella Neyland Chair-Elect in 2018
The Board of Directors of the Investment Program Association (“IPA”) is pleased to announce that Ella Neyland, President of Steadfast Apartment REIT III, Inc. has been named Chair-Elect for the IPA in 2018. Ms. Neyland will join Nathan Headrick, Managing Director of Triloma Financial Group, who is the incoming Chair
Congress Sends Trump Tax-Cut Bill in First GOP Legislative Win
House Republicans passed the most extensive rewrite of the U.S. tax code in more than 30 years…
Triloma EIG Energy Income Funds Invest in Aethon Energy
Triloma EIG Energy Income Fund and Triloma EIG Energy Income Fund – Term I (the “Funds”) announced today their participation, alongside certain other private funds and accounts managed by EIG Global Energy Partners (“EIG”), in a Senior Secured Second Lien Note issuance by Aethon United BR LP (“Aethon”).
