AltsTech News

AltsTech News

Construction Costs Rise for Apartment Projects

The cost of materials important to the construction of apartments rose 3.6 percent over the year that ended in September, according to the producer price index from the Bureau of Labor Statistics.

Questions Remain for FAs Pondering New Tax Bills

Plenty of questions have been left on the table over how the latest round of Washington tax bills will affect financial advisors — particularly those set up as partnerships and other pass-through entities, InvestmentNews writes.

NMHC, NAA Urge ‘Consistent Access’ To Debt

Testifying before a House subcommittee Thursday, the National Multifamily Housing Council’s chairman told lawmakers that private capital should dominate the apartment sector “wherever and whenever possible.”

CRE Fares Well In House Of Representatives’ Tax Plan

“If the final bill is similar to the one introduced today, our industry will put more people to work modernizing and improving existing properties — office buildings, shopping centers, apartments, industrial properties — to meet the changing and growing needs of American businesses and consumers.”

Which of CNL’s sponsored nontraded REIT programs had the highest average return to early investors from inception to its full-liquidity event?

Answer:  CNL Retirement Properties which was acquired by Health Care Property Investors in 2006 had an average rate of return to early investors of 11.74% according to Blue Vault’s Nontraded REIT Full-Cycle Performance Study.  The average distribution yield over the life of the REIT was 6.52% based upon the initial offering price.  The common shares which originally sold for $10.00 were redeemed for $13.89.