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Firm

July 28, 2023

Infill industrial transload facility trades for $74.7M in Savannah

JLL Capital Markets announced today that it arranged the $74.7 million sale of an infill industrial, build-to-suit transload facility totalling 136,240 square feet in Savannah, Georgia...

July 28, 2023

Top 5 Advantages of Rule 506(c)

Top 5 Advantages of Rule 506(c) July 25, 2023 | Jim Raper | WealthForge When Title II of the Jump Start our Business Startups (JOBS) Act took effect in September 2013, Rule 506 of Regulation D was split into 2 distinct exemptions, 506(b) and 506(c). 506(b) preserved the old Rule 506, but 506(c) changed the…

July 27, 2023

ExchangeRight Fully Subscribes $98 Million Net-Leased Portfolio Designed for Recession Resilience

Warren Thomas, a managing partner at ExchangeRight, explained that NLP 59 is designed to focus on tenants and industries that have been historically resistant to economic downturns

July 27, 2023

June 2023 Reported Nontraded REIT Sales Down 11.3% from May 2023

Blue Vault received June 2023 sales totals for ten nontraded REIT program offerings as of July 19, 2023. Sales reported by those ten NTRs totaled $176.0 million, down 11.3% from $198.4 million in May for the same ten NTRs, and down 72% Y-O-Y from the $630.7 million in sales in June 2022. FS Credit Real…

July 26, 2023

Public Storage to acquire Simply Self Storage for $2.2 billion

Self-storage operator Public Storage (PSA.N) said on Monday it has entered a deal to buy Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion, as it looks to expand its market presence. Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some analysts expect…

July 25, 2023

PetSmart’s Owner Sells Minority Stake to Apollo

BC Partners has agreed to sell a minority stake of its PetSmart holdings to funds managed by affiliates of Apollo...

July 25, 2023

Why Blackstone Was Able To Turn Simply Self Storage Into an Extra $1 Billion in Under Three Years

Blackstone Real Estate Income Trust's deal to sell Simply Self Storage to Public Storage for $2.2 billion signals more than the seller collecting $1 billion over what it paid less than three years ago. It also indicates optimism about long-term self-storage demand in certain parts of the country didn't ease with the pandemic...

July 24, 2023

New REITs Proliferate in Anticipation of Further Decline in Property Values

Four major investment firms have taken steps this month to set up nontraded real estate investment trusts so they can swoop in when property values finally adjust to a new economic reality of significantly reduced prices. The filings with the Securities and Exchange Commission by Sculptor Capital Management, ExchangeRight, EQT Exeter and Invesco Real Estate...

July 19, 2023

BREIT forges ahead on comeback trail: Blackstone fund posted strongest return in 10 months after limiting withdrawals

Blackstone’s real estate investment trust continued its climb out from under a mass of redemption requests that landed in recent months, with June posting its strongest returns in nearly a year.