AltsTech News

AltsTech News

Griffin Capital Essential Asset REIT Approves $10.04 NAV

On October 27, the board of directors of Griffin Capital Essential Asset REIT, Inc., a public nontraded REIT, approved an estimated value per share of $10.04 based on the estimated value of the REIT’s assets less the estimated value of the REIT’s liabilities, divided by the approximate number of shares outstanding on a fully diluted basis, calculated as of June 30, 2017.

Healthcare Trust Arranges $150 Million in Financing

Healthcare Trust, Inc. (“HTI”) announced on Monday the close of approximately $150 million of additional advances under its existing Fannie Mae master credit facilities with KeyBank National Association and Capital One Multifamily Finance, LLC.

American Realty Capital New York City REIT Announces Lower NAV

On October 25, 2017, the independent directors of American Realty Capital New York City REIT, Inc. approved an Estimated Per Share NAV equal to $20.26 based on an estimated fair value of the Company’s assets less the estimated fair value of the Company’s liabilities, divided by 31,029,865 shares of common stock outstanding on a fully diluted basis as of June 30, 2017.

Hospitality Investors Trust Board Counters MacKenzie Tender Offer

Hospitality Investors Trust Inc.’s board is calling on the company’s shareholders to reject MacKenzie Realty Capital Inc.’s unsolicited mini-tender offer for the company’s common shares and countering the offer by MacKenzie with a tender offer for up to 1,000,000 shares at a higher price.