Nontraded REIT
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...
Real Estate Cap Rates and the Slow Wheels of Progress June 23, 2023

Real Estate Cap Rates and the Slow Wheels of Progress

Differences in cap rates capture the divergence that occurred between U.S. public and private real estate markets in 2022, with public real estate cap rates (REIT implied) higher than their private real estate counterparts (transaction and appraisal). As expected, the gaps between REIT implied...
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…
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...

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