Asset Manager News & Perspectives

November 28, 2023

Hines Acquires 1.1 Million-Square-Foot Industrial Campus In Chicago

Hines will serve as the property manager for the portfolio and intends to implement a strategic value-add capital improvement plan at the properties...

November 16, 2023

ExchangeRight’s Essential Income REIT Now Tracked by Blue Vault

Warren Thomas, a managing partner at ExchangeRight, shared that this reporting relationship will help educate advisors about the Essential Income REIT's successful performance to date, broadening its reach to more investors who need the kind of stable income that the REIT has historically generated.

November 13, 2023

Ashford Hospitality Trust Hopes To Hand Back Keys to 19 Hotels in Its Portfolio by Year’s End

The Dallas-based REIT has been working for months to hand back the keys of 19 hotels tied to three loans that matured in June in which the trust opted not to pay the $255 million required to extend those loans.

November 13, 2023

NexPoint Real Estate Finance, Inc. Launches $400 Million Continuous Offering of 9.0% Series B Cumulative Redeemable Preferred Stock

The Series B Preferred Stock is being offered by NexPoint Securities on a "reasonable best efforts" basis. There is no public market for the Series B Preferred Stock and the Company does not intend to apply for a listing of the Series B Preferred Stock on any national securities exchange.

November 10, 2023

Prospect Capital Announces September 2023 Financial Results and Declares Steady Monthly Dividends through January 2024 of $0.06 Per Common Share

Prospect’s closing stock price of $5.35 at November 7, 2023 delivers to our common shareholders an annualized distribution yield of 13.5% and an annualized basic NII yield of 18.7%, representing 139% basic NII coverage of common distributions.

November 9, 2023

ExchangeRight Expands Strategic Relations Team with Kara Howard, Director of National Accounts

Howard joins ExchangeRight with more than 15 years of experience in the Alternative Investment industry, focusing on national accounts and business development. She holds Series 7, 24, and 63 licenses with the Financial Industry Regulatory Authority (FINRA).

November 9, 2023

Starwood Property Trust Reports Results for Quarter Ended September 30, 2023

Starwood Property Trust, Inc. – Quarterly GAAP Earnings of $0.15 and Distributable Earnings (DE) of $0.49 per Diluted Share – Undepreciated Book Value Per Share of $21.15 – Originated or Acquired $652 Million of Assets in the Quarter and $1.5 Billion Year-To-Date – Received Repayments of $1.1 Billion in the Quarter and $2.9 Billion Year-To-Date …

November 7, 2023

Leitbox Storage Partners Provides Update on Financing Structure

Currently, Leitbox holds a diverse portfolio of fixed-rate loan structures, with varying maturities extending over the coming years...

November 7, 2023

Abacus Life Launches New Wealth Division – ABL Wealth – in Association with Dynasty Financial Partners

ABL Wealth will provide clients that currently seek liquidity from their life insurance policies with comprehensive lifespan-based financial planning and investment management services.