November 6, 2020
California Rent Control Measure Fails, Landmark Prop. 15 CRE Tax Reform Remains Too Close To Call

California voters have rejected Proposition 21, the second attempt in three years to relax statewide restrictions on rent control, while Proposition 15, which would raise property taxes on...

California Rent Control Measure Fails, Landmark Prop. 15 CRE Tax Reform Remains Too Close To Call

November 4, 2020 | Bisnow

California voters have rejected Proposition 21, the second attempt in three years to relax statewide restrictions on rent control, while Proposition 15, which would raise property taxes on thousands of commercial properties in the state, remains too close to call.

At the municipal level, San Francisco voters have come out in favor of the city’s controversial Proposition I measure, which raises the city’s transfer tax rate from 2.75% to 5.5% on property deals between $10M and $24.99M, and from 3% to 6% on properties selling for $25M or more. With 607 of 609 S.F. precincts reporting Tuesday evening, Prop. I had 58% support, needing only a simple majority to pass.

As of 8 a.m. PT Wednesday, 59.8% of ballots had rejected Prop. 21, while 51.7% had been cast to reject Prop. 15, with 99% of state precincts partially reporting. Both measures need only a simple majority to pass. Prop. 15, colloquially known as the split roll, will likely not be called for a day or two at the earliest, poll watchers said.

Read Full Article

Recent

Nuveen Reports $63.1 Million in Q3 DST Program Proceeds

Nuveen Reports $63.1 Million in Q3 DST Program Proceeds

Nuveen Global Cities REIT reported $63.1 million in quarterly DST program proceeds. Beyond the fundraising figures, its disclosures highlight why advisors should examine master-lease support, control over a potential exchange, and the ownership and liquidity rights investors could receive afterward.
Variant Adds Share-Auction Framework Alongside Quarterly Repurchase Offers

Variant Adds Share-Auction Framework Alongside Quarterly Repurchase Offers

Variant Alternative Income Fund has outlined potential share auctions outside its quarterly repurchase offers. For advisors, the framework raises practical questions about the cost of accessing cash sooner, execution uncertainty, and how auction proceeds could compare with waiting for repurchases.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Sign Up For Emails