AltsTech News
AltsTech News
KBS Real Estate Investment Trust III Announces $11.73 NAV Per Share
KBS REIT III announced a revised NAV per share of $11.73 as of December 6, 2017.
Which nontraded REIT merged with Apple Hospitality REIT, Inc. (APLE) on September 1, 2016, and what has been the resulting appreciation of the stock in the listed stock since the merger?
Answer: Apple REIT Ten, Inc. merged with Apple Hospitality REIT. On September 1, 2016, APLE closed at $18.51 per share. On December 8, 2017, APLE closed at $19.74 per share (+6.6%), with an estimated dividend yield of 6.06%.
Lightstone Value Plus REIT Announces New NAV and Charter Amendment Approval
On December 11, 2017, the board of directors determined and approved an estimated NAV of approximately $296.9 million and resulting estimated NAV per Share of $11.69, after allocations of value to special general partner interests, or SLP Units, in the Operating Partnership, held by Lightstone SLP, LLC, an affiliate of the REIT’s Advisor, assuming a liquidation event, both as of September 30, 2017.
Which nontraded REIT program consummated the sale of a portfolio of 10 properties to complete the liquidation of its portfolio, resulting in a final cash distribution to shareholders of $0.55 per share, on or around December 20, 2017?
Answer: Industrial Income Trust, Inc., which merged with an affiliate of Global Logistics Properties Limited on November 4, 2015.
KBS Strategic Opportunity REIT Announces NAV and $3.61 Special Dividend
KBS Strategic Opportunity REIT Announces NAV and $3.61 Special Dividend December 12, 2017 | James...
Loan extension amid holiday season gives Sears financial breathing room
Sears Holdings gained some breathing room amid the critical holiday shopping season with a pair of deals the struggling Hoffman Estates-based retailer said will give it more financial flexibility.
DCT CEO Says Almost All Tenants Working on E-Commerce Fulfillment
DCT CEO Says Almost All Tenants Working on E-Commerce Fulfillment December 12, 2017 | Sarah...
Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End
Federal Reserve officials followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year.
Which nontraded REIT program had a stock-distribution adjusted sum of cash distributions paid to common shareholders who invested in 2010 of $18.21 per share as of the full-cycle date of October 24, 2017.
Answer: CNL Growth Properties, Inc., which declared a final liquidating distribution of $5.35 to stockholders as of October 17, 2017, to be paid on or around October 24, 2017.
Blue Vault November “Sales Stack” All Alternative Investment Sales
Sales by nontraded REITs were up 8.8% in November compared to October. November sales for IF and CEF funds that were reported to Blue Vault totaled $146.3 million, down 13.2% from the $168.6 million reported in October.
LPL retains $1.6B Zuk Financial Group
Zuk Financial Group, a Lake Forest, Calif.-based hybrid that oversaw $1.6 billion in client assets while affiliated with National Planning Corp., has decided to remain with that firm’s new owner, LPL Financial.
FS Investments and EIG Global Energy Partners to Form Partnership to Manage $4 Billion FS Energy and Power Fund
FS Investments, a leading alternative investment manager with more than $20 billion in assets under management, today announced that it has entered into an agreement to create a joint venture with EIG Global Energy Partners (EIG), a global alternative investment firm focused on energy and energy-related infrastructure.
NexPoint Capital, Inc. BDC Increases Offering Price
On December 13, 2017, NexPoint Capital, Inc. increased its public offering price from $10.48 per share to $10.52 per share.
Colony NorthStar Signs Letter of Intent with S2K to Create “Colony S2K”
Colony NorthStar, Inc. (NYSE:CLNS) strengthened its commitment to its retail distribution platform Tuesday by signing a non-binding letter of intent with S2K Financial Holdings LLC (“S2K”) regarding the combination of Colony NorthStar’s broker dealer, NorthStar Securities, LLC (“NorthStar Securities”) with S2K to create a market leading broker dealer retail distribution business.
As of July 30, 2017, which reinsurance interval fund had the highest total assets among interval funds?
Answer: Stone Ridge Trust II with $4.950 billion in total assets
Cottonwood Residential Completes $166.5 Million Master Credit Facility, Encompassing Seven Multifamily Properties
The initial draw under the facility was secured by seven assets, totaling 1,863 units, located in four states.
Benefit Street Partners closes $2.55 billion debt fund
Benefit Street Partners, the credit arm of private equity firm Providence Equity Partners, closed its most recent credit fund, Benefit Street Partners Debt Fund IV, at its $2.55 billion hard cap.
Mentos, Diet Cokes and Creative Wholesaling – Steve Spangler
Do advisors look forward, with much anticipation, to your next visit?
Industry opponents urge appeals court to rule on DOL fiduciary rule
Plaintiffs cite the two provisions of the regulation that became applicable in June, which they claim are ‘imposing direct, substantial and continuing burdens on appellants’ members’
CNL Lifestyle Announces Final Liquidating Distribution
In a December 11 press release, CNL Lifestyle Properties announced the final liquidating distribution, marking the full-cycle event for the REIT which launched its IPO on June 23, 2004.
