AltsTech News

Is Every Commercial Office Property in Trouble?

Why Not All Office Space Is Created Equal

Blackstone Is the First Alternative Asset Manager to Hit $1 Trillion AUM. So Where Does It Go From Here?

In July, Blackstone BX reported that it had surpassed $1 trillion in total assets under management during the second quarter of 2023, being the first alternative asset manager to cross that threshold. A bit of background to start: “Alternative asset management” is an umbrella term for asset managers that specialize in private market investment strategies like private equity, private debt, or real assets, or in strategies that invest in publicly traded securities in a nontraditional manner, like hedge funds or funds of funds. (I am oversimplifying a bit—there is some overlap between these groups.)

Legendary Capital Expands Team with Two New Wholesaling Vice Presidents

Legendary Capital, LLC, a leading Alternative Investment Sponsor, is delighted to announce the recent addition of Devon Gasparovic and Robin Boccardi to its distribution team as wholesaling vice presidents. These strategic hires mark another significant step in the company’s ongoing commitment to strengthening its distribution capabilities and providing superior partnering services to financial advisors across the country…

Apollo Funds acquires Accent family of companies

Apollo Funds, a global alternative asset manager based in New York, has acquired the Accent family of companies, a Tomball, Texas-based full service, value-added industrial distribution company focused on the waste, recycling and building materials industries that includes Accent Wire-Tie, Accent Wire-Tie United Kingdom and Accent Building Materials…

Cove Capital Investments Completes the Acquisition of Two Long-Term Net Lease Properties as Part of Its Debt-Free Texas Net Lease 67 DST

Cove Capital Investments Completes the Acquisition of Two Long-Term Net Lease Properties as Part...

NAV REITs Report Positive Median Total Returns for July

The median monthly total return for 16 continuously offered nontraded REIT programs (“NAV REITs”) was 0.21% in July, compared to just 0.01% in June. Ten of the 16 reported positive total returns.

Hines Global Income Trust Acquires Logistics Center in Columbus

Hines, the global real estate investment, development, and property manager, announced that Hines Global Income Trust, Inc. (“HGIT”) has acquired I-70 Logistics Center located at 9157 Mink Street SW in Columbus, Ohio, a distribution center that is 100% leased to a third-party logistics provider.

Sluggish CRE Lending Persists: CBRE

In the face of market uncertainty, CRE lending slowed in the second quarter, according to CBRE. The company’s Lending Momentum Index fell from 204 in the first quarter to 193 in the second quarter, representing declines of 5.4 percent from the first quarter and 52.2 percent year-over-year….

95% Of Advisors Plan To Maintain Or Increase Alt Investments, iCapital Survey Says

Fully 95% of advisors surveyed said they plan to maintain or even increase their exposure to alternative investments, a largely unregulated and illiquid asset class, over the next 12 months, according to iCapital….

Optimism Is Returning To Battle-Tested Retail Sector — But More Importantly, So Are Investors NationalInvestment

After years of trepidation, institutional money is flowing back into retail. Crow Holdings and Lincoln Property Co. are among the prominent firms that have launched new endeavors aimed at spending billions of dollars to acquire more retail real estate…

NexPoint Residential Trust, Inc. Announces Entrance into Contract to Sell Old Farm in Houston, TX, and Silverbrook in Dallas, TX

“NXRT is excited to execute our strategic objectives to sell out of our Houston market positions and pay off our most expensive debt capital…”

Wood Partners and GTIS Partners Opens 308-Unit Alta West Morehead Apartment Community in Uptown Charlotte Neighborhood

“Alta West Morehead is our second development in the FreeMoreWest submarket of Charlotte, and we are so excited to welcome a fresh crop of residents to their new home…”

Since 2012 in the nontraded BDC industry, how many quarters did total public industry capital raise exceed $2 billion?

As of March 31, 2023, there have been…

Converging Trends in Commercial Real Estate Markets Highlighted

A recent article by Peter Grant, who covers commercial real estate trends for the Wall Street Journal, covered a lot of territory and trends in the commercial real estate space. (See “Wall Street Is Ready to Scoop Up Commercial Real Estate on the Cheap” August 15, WSJ) Like pulling a thread from a sweater, digging into a selection of Grant’s points made in the article reveals trends in the commercial real estate market that investors and asset managers alike must pay attention to…

Return-To-Office Mandates Now Cover Nearly 2 Million Workers. Occupancy Has Barely Budged

2023 is officially the year of the return-to-office mandate, with nearly 3 million workers already under, or expected to be subject to, a new in-person work requirement in the coming months…

ExchangeRight Announces Collection of 100% of Rent Due Across Entire Net Lease AUM Inception-to-Date

All 88 of ExchangeRight’s offerings continue to meet or exceed investor distribution targets.

Hedging with Gold Has an Opportunity Cost

Judging by the number advertisements heard regularly promoting holding gold as a hedge against inflation and protection should the U.S. economy crash, one would conclude that Americans are turning to investments in gold bullion or equivalents in large numbers. The facts don’t support that conclusion. As the chart below illustrates, spot gold prices (green line) have not outperformed the stock market as represented by the S&P 500 Index (blue line) over the past six months. Plus, listed stocks pay dividends which can make up a significant portion of total returns to shareholders…