AltsTech News
AltsTech News
Chad Clark: Know Who Is Responsible
In this Blue Vault Minute, Chad Clark (Partner, Senior Advisor at Redemption Capital) explains how his advisory firm selects alts to incorporate into its practice.
Blackstone & QTS to spend $8bn building new data centers, as investor prepares for “once in a generation” AI boom
Blackstone’s $68 billion flagship property fund is selling assets and preparing to spend billions on data centers. The Financial Times reports that the Blackstone Real Estate Income Trust, or Breit, plans to pump $8bn into building new data centers through its asset QTS Data Centers, as it predicts a surge in artificial intelligence workloads…
Investments In Nontraded REITs Up 39%, But Still Far Outpaced By Withdrawals
Fundraising shot back up in June for nontraded REITs after a moribund start to 2023, but the money raised was still far less than investors pulled out of the alternative investment vehicles, according to a new report….
Practice Management: Why Innovators Pounce When Growth Slows
If you want to see how business leaders respond to a volatile climate, there’s no better vantage point than a room full of entrepreneurs. I’ve had the privilege of belonging to my local 180-member chapter of Entrepreneurs’ Organization. EO Los Angeles has been an amazing experience for many reasons, not least of which is giving me a front-row seat to watch how different owners approach business cycles…
Barry Sternlicht: ‘Category 5 Hurricane’ Has Come For Commercial Real Estate
New distress opportunities are emerging for commercial real estate players able to weather the current storm, but buyers may need to be able to endure the current fiscal difficulties for longer than some expect, billionaire commercial real estate executive Barry Sternlicht said…
Brian Evans: Alternatives Are a True Diversification Class
Brian Evans (Founder, Madrona Financial Services) reviews five attributes of investing and how many apply to alternative investments in this Blue Vault Minute.
Concerns percolate about how SEC’s AI proposal aligns with Reg BI
An SEC proposal to eliminate conflicts of interest in financial advisors’ use of technology that predicts investor behavior is raising concerns about how it will work with Regulation Best Interest. A split Securities and Exchange Commission voted 3-2 Wednesday to release a proposal for public comment that would require brokerages and investment advisory firms to “eliminate or neutralize” conflicts related to conducting investor interactions through artificial intelligence, predictive data analytics and similar technology…
Blue Vault Expands Coverage of Tender Offer Funds
Blue Vault’s coverage of tender offer funds expands with first-time reporting on ten offerings....
Blackstone’s EQ Office sells Costa Mesa office campus at 10% loss
Blackstone has sold an office campus in Costa Mesa for $91.5 million — about 10 percent less than what it assembled it for between 2013 and 2015. MGR Real Estate, run by Michael Rademaker, bought the 553,000-square-foot complex at 3070 and 3100 Bristol Street, according to Orange County property records. The sale came to about $165 per square foot…
US commercial property delinquencies rise further in July, report says
Nearly $12 billon of loans in U.S. commercial mortgage-backed securities (CMBS) became newly delinquent, pushing the late payment rate up by 34 basis points from June to 3.93%, a report by credit rating agency KBRA said on Wednesday…
Brian Evans: Vetting Alts Sponsors for Your Practice
In this Blue Vault Minute, Brian Evans (Founder, Madrona Financial Services) talks about the factors he considers when choosing which alts sponsors to work with in his practice.
What Government Can and Cannot Do to Make Housing “Affordable”
The U.S. has a “housing shortage” and a popular part of that theme today is an “affordable housing” shortage. Honest economists would have to question that conclusion…
Blackstone NAV REIT Performance Outshines Cash Flow Concerns
Despite indications that Blackstone’s nontraded real estate investment trust (NAV REIT) has struggled to deliver on redemptions, the diversified fund has shown “consistently better” total returns than its peers, proving its post-pandemic staying power, Blue Vault researchers say. As more second-quarter data become available, we’re finding that Blackstone’s Real Estate Income Trust has outperformed or held steady against many of the other large NAV REITs it competes with, said Blue Vault Senior VP James Sprow on Blue Vault’s July 26 webinar, A Deeper Look at Blackstone. Sprow said this is due to several factors, including: Limited office sector exposure, a consistently positive risk-vs-return profile, and a 0.69% rise in NAV in Q2 2023 — the largest Q2 2023 rise in NAV among nontraded REITs…
IRS Extends Relief to 2023 for SECURE Act Era Designated Beneficiaries
The Internal Revenue Service recently issued Notice 2023-54, in which they waived the excise tax on 2023 required minimum distribution failures committed by designated beneficiaries. This extends the waiver already provided for 2021 and 2022 under Notice 2022-53….
Private equity fundraising down 35% in Q2, Preqin says
Private equity funds worldwide had a difficult time on the fundraising trail in the second quarter, raising a combined $106.7 billion, down from $164.4 billion in the prior quarter and also down from $165.3 billion in the year-earlier quarter, according to a just-released Preqin report….
REITs: What’s Ahead for the Second Half of 2023
As we look ahead to the second half of 2023, the economic and commercial real estate (CRE) environment will continue to be shaped by global central banks’ fight against inflationary pressures that have been more persistent than expected….
Smaller Apartment Markets Become a Great Investment Opportunity
Due to work-from-home and hybrid work options and the appeal of more affordable lifestyles, many people have left big cities behind and are calling less costly, less congested smaller markets home. In such places, the desire for a work-play balance becomes more of a reality than just part of a wish list…
Infill industrial transload facility trades for $74.7M in Savannah
JLL Capital Markets announced today that it arranged the $74.7 million sale of an infill industrial, build-to-suit transload facility totalling 136,240 square feet in Savannah, Georgia…
Apartment Developers Turn to Non-Bank Lenders for Construction Loans
Apartment developers are finding ways to pay for new construction projects–without using loans from traditional banks. For years, multifamily developers have relied on large, short-term loans from banks to finance the construction of new apartment buildings. But rising interest rates and a string of banks failures—most prominently Silicon Valley Bank, Signature Bank and First Republic Bank—have thrown a shock to capital markets.
Top 5 Advantages of Rule 506(c)
Top 5 Advantages of Rule 506(c) July 25, 2023 | Jim Raper | WealthForge When Title II of the Jump...
