Blue Vault Insights- Page 6 of 23

Blue Vault Insights

October 18, 2023

Blackstone REIT’s Share Redemptions Story Far From Over

One of the hottest topics in the nontraded REIT space, beginning in November 2022, has been the share redemption requests submitted by the shareholders of Blackstone Real Estate Income Trust (“BREIT”) and the REIT’s capping of repurchases at 2% of aggregate NAV per month and 5% per quarter...

October 17, 2023

Blue Vault Nontraded REIT Studies: Tracking the Evolution of an Industry

For more than a decade, Blue Vault has been at the forefront of assessing the performance, fees, and net asset values (NAV) of individual nontraded real estate investment trusts (REITs). Our suite of studies provides a panoramic, historical look

October 3, 2023

Mobile Infrastructure Corp.’s Listing Goes South

Mobile Infrastructure Corporation (formerly known as The Parking REIT, Inc.) was a nontraded REIT corporation formed on May 4, 2015. The Company focuses on acquiring, owning and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States...

September 23, 2023

NAV REITs Report Barely Positive Median Total Returns for August

The median monthly total return for 16 continuously offered nontraded REIT programs (“NAV REITs”) was 0.03% in August, compared to 0.21% in June. Eight of the 16 reported positive total returns. This is the second month since November 2022 that, as a group, the continuously offered nontraded REIT programs have reported a positive median return,…

September 20, 2023

A Brief History of Alternative Investments (and the Current State of Play)

The history of alternative investments is a story of diversification, innovation, and adaptation to changing financial landscapes. Alternative investments refer to a broad category of assets that extend beyond conventional investments like stocks, bonds, and cash. “Alts” have garnered increased interest over the years as investors seek new ways to boost portfolio returns, reduce risk,…

September 13, 2023

It Should Be Obvious What Rising Rates Are Doing to Commercial Real Estate

In an article we published on the Blue Vault website on September 6, 2023, we asked the question “What Happened to Ares Industrial REIT’s NAVs.” After looking at the possible relationship between Ares Industrial REIT’s NAVs over the past two years and the monthly returns posted by NAREIT’s listed REITs categorized as “Industrial” REITs, we…

September 11, 2023

Visualizing Blackstone REIT’s Recent Capital Raise History

Beginning in the fourth quarter of 2022, common stock redemptions by several continuously offered nontraded REIT programs became a major news item for the nontraded REIT industry. Blackstone Real Estate Income Trust, as the largest of the active nontraded REITs with total assets of $138 billion as of June 30, 2023, garnered the most news…

September 6, 2023

Exploring What Happened to Ares Industrial REIT’s NAVs

Ares Industrial REIT was a leader among the continuously offered nontraded REITs in 2021 when measured by the change in its net asset per share (NAV). For that entire year, only Blackstone REIT’s increase in NAV per share (+23.76%) out-shone Ares Industrial REIT (+23.70%) among its peers.

September 5, 2023

Why Mutual Funds and Interval Funds Are More Different Than You Think (Liquidity Timelines are Just a Start)

With traditional stock and bond funds having performed poorly in 2022, many advisors are embracing alternative investments with uncorrelated and potentially higher returns. Most so-called “alts” are illiquid private funds that require investors to lock up their money for long periods of time before they can redeem shares, underscoring the investment principle that potential return…