AltsTech News

Inland Appoints Jovan Marconi as Chief Information Officer

In this role, Mr. Marconi is responsible for developing and implementing the IT strategy, including application development; data management; AI practices; cybersecurity; and the evolution of the technology infrastructure for Inland.

Go Store It Acquires State-of-the-Art Self Storage Facility in Oak Ridge, Tennessee

Situated on over four acres, Go Store It Oak Ridge has 515 storage units and is currently 91% leased. Its prime location along S Illinois Avenue, a bustling seven-lane thoroughfare with a daily traffic count of 26,857 vehicles, provides high visibility and accessibility.

Watch: Investors Fully Subscribe ExchangeRight’s All-Cash 3 DST with 5.15% Current Cash Flow

ExchangeRight All-Cash 3 DST ’s exit strategy aims to provide investors with a tax-deferred cash-out refinance option in addition to the ability to complete a 1031 exchange, 721 exchange, cash out, or a combination of these options.

LRT Company Fully Subscribes Nearly $17 Million DST Offering of 50-Year Ground Lease in Orlando, Fla. Suburb

LRT Company is a ground-up development company specializing in the entitlement and development multifamily and senior housing projects.

KKR: Fundraising from Wealth Channel Accelerates

Overall, KKR posted adjusted net income of $971.9 million during the quarter, or $1.09 per share, a 49% increase from a year ago.

Blackstone Reportedly In Talks To Acquire $2B Retail REIT

Outside of retail, Blackstone has been going in aggressively on multifamily and single-family rental acquisitions. At the beginning of the year, the company purchased Sunbelt-based single-family rental developer Tricon Residential — with 38,000 homes — for $3.5B.

The Challenge Of Finding The Right Marketing Talent For Alternative Investment Sponsors

Finding and retaining the right marketing talent in the alternative investment sector can be challenging. With Marketing Intent, your firm can access the specialized marketing expertise needed to support and enhance your capital raising efforts.

KKR Says 2024 Could Be ‘Sweet Spot’ To Buy Real Estate

“The real estate investment opportunity is highly compelling,” Nuttall said, adding that the firm has a “full pipeline as some owners of real estate seek liquidity and sell their best assets.”

Blue Owl Capital Inc. Second Quarter 2024 Results

Blue Owl Capital Inc. today reported its financial results for the second quarter ended June 30, 2024. “Blue Owl continues to demonstrate exceptionally strong and stable growth, with LTM management fee growth exceeding 20% year over year in every quarter we’ve been public.”

ShopOne and its JV Partners Expand Portfolio In Florida, Acquiring Two Value-Add Grocery-Anchored Shopping Centers

ShopOne ShopOne Centers REIT Inc. (“ShopOne”), together with its joint venture partners Pantheon...

Overbuilding in Multifamily Today Means a Lack of New Units Tomorrow

Brian Pascus | Commercial Observer We’ve all seen the famous Warner Brothers cartoon and know the...

Cerulli: JVs Between Traditional Asset Managers, Alts Providers Are On the Rise

According to Cerulli, such partnerships allow the firms involved to widen their reach. The firm found that 53% of the asset managers it surveyed currently rely on such partnerships, and another 50% plan to increase their reliance on them.

New bill proposals aim to make it easier for disabled individuals to save money

Casey is pushing for Congress to enact more reforms to make it easier to save in ABLE accounts.

Madison Capital Group Secures $47MM Construction Loan for Madison Bradenton

Madison Bradenton represents a significant investment in the future of Bradenton, providing modern living spaces and top-tier amenities,” said Ryan Hanks, CEO of Madison Capital Group.

Cove Capital Investments Completes the Acquisition of Three Industrial Net Lease Properties as Part of Its Debt Free Net Lease Industrial 77 Delaware Statutory Trust

According to Dwight Kay, Managing Member and Founding Partner of Cove Capital Investments, the assets were purchased by Cove Capital as part of its growing portfolio of debt-free Delaware Statutory Trust real estate assets for 1031 exchange and direct cash investors.

Ashford Inc. Announces Effectuation of Reverse Stock Split and Forward Stock Split

Ashford Inc. announces a 1-for-10,000 reverse and 10,000-for-1 forward stock split, followed by NYSE American delisting and deregistration.

What percentage of total industry public capital raise came from Blackstone Real Estate Income Trust in the first quarter of 2024, and how does it compare to the first quarter of 2023?

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