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August 8, 2023

Capital Square Fully Subscribes DST Offering of Multifamily Build-for-Rent Community Near Raleigh, North Carolina

Capital Square Fully Subscribes DST Offering of Multifamily Build-for-Rent Community Near Raleigh, North Carolina August 3, 2023 | Capital Square Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today that its offering, CS1031 Ashford Townes BFR Housing, DST, has been fully subscribed.…

August 3, 2023

Investors Looking To Seize On Depressed Property Valuations Create New Crop Of REITs National

It may seem like an odd time to launch a new commercial property venture, with interest rates at a 22-year high and valuations of basically every property type dropping, but a fresh wave of nontraded REITs has arrived to take advantage of those very same conditions...

August 3, 2023

SmartStop Self Storage Sponsors ‘Flight for Hope’ Round-the-World Journey

SmartStop Self Storage REIT Inc., a self-managed real estate investment trust, is sponsoring the plane for Flight for Hope, a round-the-world journey by Callum Wallace to raise awareness and funds for the nonprofit Home Suite Hope and other charities. An advisor at real estate firm Engel & Völkers Oakville, Wallace is the fourth Canadian to…

August 2, 2023

Nontraded REITs Don’t Own Floundering Enclosed Mall Assets

Using Blue Vault’s exclusive database, we looked at the properties held by nontraded REITs as of March 31, 2023, to see if those assets could be categorized as “older, low-end malls”...

August 2, 2023

WiserAdvisor announces the successful acquisition of Indyfin

WiserAdvisor, a leading marketplace for wealth management firms, proudly announces the successful acquisition of Indyfin and its investor experience platform August 2, 2023 | Wiser Advisor Today, WiserAdvisor, a leading investor referral generation platform for financial advisors and advisory firms, has announced the acquisition of Indyfin, the Dallas-based fintech company to build on its existing product…

August 2, 2023

Blackstone & QTS to spend $8bn building new data centers, as investor prepares for “once in a generation” AI boom

Blackstone’s $68 billion flagship property fund is selling assets and preparing to spend billions on data centers. The Financial Times reports that the Blackstone Real Estate Income Trust, or Breit, plans to pump $8bn into building new data centers through its asset QTS Data Centers, as it predicts a surge in artificial intelligence workloads...

August 2, 2023

Barry Sternlicht: ‘Category 5 Hurricane’ Has Come For Commercial Real Estate

New distress opportunities are emerging for commercial real estate players able to weather the current storm, but buyers may need to be able to endure the current fiscal difficulties for longer than some expect, billionaire commercial real estate executive Barry Sternlicht said...

August 1, 2023

Blackstone’s EQ Office sells Costa Mesa office campus at 10% loss

Blackstone has sold an office campus in Costa Mesa for $91.5 million — about 10 percent less than what it assembled it for between 2013 and 2015. MGR Real Estate, run by Michael Rademaker, bought the 553,000-square-foot complex at 3070 and 3100 Bristol Street, according to Orange County property records. The sale came to about $165…

August 1, 2023

Blackstone NAV REIT Performance Outshines Cash Flow Concerns

Despite indications that Blackstone’s nontraded real estate investment trust (NAV REIT) has struggled to deliver on redemptions, the diversified fund has shown “consistently better” total returns than its peers, proving its post-pandemic staying power, Blue Vault researchers say. As more second-quarter data become available, we’re finding that Blackstone’s Real Estate Income Trust has outperformed or…