Blue Vault Insights
Interval Funds: The Growing Market That’s Turning Advisors on to Alts July 19, 2023

Interval Funds: The Growing Market That’s Turning Advisors on to Alts

As economic uncertainty continues to tame investment expectations, the market for interval funds and tender offer funds has grown into a fierce, $133 billion industry, 1 raising over $25 billion in capital last year alone. Interval funds are an increasingly popular allocation because they solve some of the structural and regulatory limitations associated with private…
May 2023 Reported Nontraded REIT Sales Up 11.3% from April 2023 June 27, 2023

May 2023 Reported Nontraded REIT Sales Up 11.3% from April 2023

Blue Vault received April 2023 sales totals for ten nontraded REIT program offerings as of June 25, 2023. Sales reported by those ten NTRs totaled $198.4 million, up 11.3% from $178.2 million in April for the same ten NTRs, and down 68% Y-O-Y from the $627.9 million in sales in May 2022...
How Cash Ratios Are Trending for NTRs June 23, 2023

How Cash Ratios Are Trending for NTRs

A recent article on S&P Capital IQ stated that the cash ratios of non-investment grade-rated companies were “squeezed further” in the first quarter of 2023. The article used the median measure of cash and equivalents as a share of total liabilities of companies rated...
Peakstone Realty Trust Shares Log Big Gains in Week Ended June 16 June 21, 2023

Peakstone Realty Trust Shares Log Big Gains in Week Ended June 16

Share prices for US equity real estate investment trusts rose alongside the broader market during the week ended June 16. The Dow Jones Equity All REIT index finished the week up 1.25%, while the Dow Jones Industrial Average was up 1.25% and the S&P 500 climbed 2.58%. By property sector, the Dow Jones US Real…
Seeing the Effects of Higher Interest Rates on Housing Supply June 21, 2023

Seeing the Effects of Higher Interest Rates on Housing Supply

Fewer builders are starting new homes amid high prices for materials and loans, and the trends are threatening housing shortages. The Fed is fighting inflation today at the cost of boosting inflation in the future. High interest rates hurt construction because they make it more expensive for developers to build...
NAV REITs Report Negative Median Total Returns for May June 20, 2023

NAV REITs Report Negative Median Total Returns for May

The median monthly total return for 16 continuously offered nontraded REIT programs (“NAV REITs”) was negative in May at -0.46% compared to negative 0.03% in April. Five of the 16 reported positive total returns...
How REITs Hedge Variable Rate Debt June 19, 2023

How REITs Hedge Variable Rate Debt

With the rise in interest rates since March 2022 when the Federal Reserve first began implementing rate hikes, nontraded REITs have faced challenges...

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