Highlands REIT, Inc. was created to own and manage substantially all of the “non-core” assets previously owned and managed by InvenTrust Properties Corp.
March 27, 2018
Blue Vault Insights
March 27, 2018
February 18, 2018
The Challenges of Calculating Nontraded REIT Investor Rates of Return
With the recent release of the 5th Edition Blue Vault Nontraded REIT Full-Cycle Performance Study, this may be an appropriate time to offer perspectives on the challenges faced when calculating rates of return by investors in nontraded REIT programs.
January 4, 2018
Preferred Stocks: Quick Read
Beth Glavosek | Blue Vault | Preferred stock shares have been around for a long time, but what are they and why are they relevant to investors in alternative investments? Capital stack • Holders of preferred stocks have a higher claim on a company’s assets and earnings than common stock, including the payment of dividends…
November 15, 2017
Interval Funds Explained
What is an “interval fund”? Interval funds are SEC-registered closed-end funds that provide continuous offerings of their securities. They usually price and sell their shares daily, but do not list them on an exchange. They redeem shares by making periodic repurchase (tender) offers at net asset value in compliance with Rule 23c-3(b) of the Investment…
October 31, 2017
A Discussion with Bluerock About Interval Funds and Total Income + Real Estate Fund
Blue Vault asked Hoffman about some key metrics that can be applied to interval fund performance.
September 4, 2017
Distribution Coverage—Why It’s Important to Understand the Difference Between MFFO and Cash
At Blue Vault, we report the sources of distributions in the Nontraded REIT Industry Review because we think it’s important to distinguish that Modified Funds from Operations (MFFO) is not the same as the Cash Available for Distributions. Even when MFFO “covers” the distribution amount, the actual cash needed to pay investors — or portions…
April 24, 2017
The Use of Debt in Nontraded REITs
The Use of Debt in Nontraded REITs Virtually all nontraded REITs utilize debt to finance property portfolios. There are many reasons cited by nontraded REIT sponsors to finance investments in commercial real estate with combinations of equity raised through their public offerings and debt obtained in the form of mortgages secured by the REIT’s assets.…
March 27, 2017
Are REITs Like Bonds: Why or Why Not?
Are REITs Like Bonds: Why or Why Not? With the Federal Reserve finally beginning to raise short-term interest rates from the historical lows over the last several years, we may want to compare REITs to bonds and consider the ways in which investor returns from nontraded REIT investments may resemble returns from bonds. Just as importantly,…
February 21, 2017
Capitalization Rates Recapped in Today’s Market Environment
Capitalization Rates Recapped in Today’s Market Environment In an Insights article on the Blue Vault website in September, 2015, we defined capitalization rates and explained how they relate to values at the property level and the portfolio level. Real estate investments produce income available to investors in the form of NOI, or Net Operating Income.…
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