Professional SErvices News
read the latest about the firms transforming how wealth advisors implement alts in their practices
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Blue Vault: Unparalleled Alts Intel and Insights
Blue Vault prides itself on being the alternative investments “hub” for wealth advisors. That means being an exclusive source of performance metrics and alts knowledge.
Investor Demand for ExchangeRight’s Resilient All-Cash DST Offerings Continues
ExchangeRight fully subscribes its Net-Leased All-Cash 11 DST, offering 5.20% income from net-leased real estate and tax-deferred exit strategies.
iCapital® Will Acquire Citi Wealth’s Alternative Investments Feeder Platform and Will Also Provide an End-to-End Technology Solution for All Alternative Investment Structures
iCapital will also assist with global sales and service enablement through a team dedicated to Citi Wealth to support the growth of Citi’s alternatives program.
Bluerock Celebrates 20 Years of Sponsoring Industry-Leading 1031 Exchange Investment Programs
Bluerock and its affiliate Bluerock Value Exchange acknowledge 20 years of sponsoring industry-leading 1031 exchange and DST investment programs to individual investors.
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Recent News
Blackstone’s BREIT Ready to ‘Play Offense’ With $14 Billion
Blackstone’s BREIT Ready to ‘Play Offense’ With $14 Billion January 31, 2023 | John Gittelsohn | Bloomberg News The Blackstone Inc. real estate investment trust that limited...
Blackstone Starts Crackdown On Nonpaying Residential Tenants, Evicting Hundreds
Blackstone Starts Crackdown On Nonpaying Residential Tenants, Evicting Hundreds January 30, 2023 | Matthew Rothstein | Bisnow One of the nation’s largest...
Inland Securities Corporation Deepens Talent Pool with Addition of Four New Hires
Inland Securities Corporation (“ISC or the Company”) announced today the addition of four new employees to the Company’s growing talent base. The new hires include Jimmy...
StratCap Exploring Strategic Alternatives for Strategic Wireless Infrastructure Fund I
StratCap, LLC (“StratCap” or the “Company”) has commenced a formal process to explore strategic alternatives for Strategic Wireless Infrastructure Fund, LLC (“Fund I”),...
Leitbox Storage Partners Affiliate Sells Alabama Shopping Center
Merchants Retail Partners, LLC, (“MRP”), an affiliate of Leitbox Storage Partners, ended 2022 with the sale of a Publix-anchored shopping center in Cullman, AL. The shopping...
Advisor-Daniel Goodwin: Why Attend the 2023 Blue Vault Bowman Alts Summit?
In this video clip, Daniel Goodwin (CEO, Provident Wealth Advisors), discusses why he’s looking forward to the 2023 Blue Vault Bowman Alts Summit March 6-8 at the...
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InvenTrust Properties Corp. Acquires Commons at University Place in Durham, NC
InvenTrust Properties Corp. (“InvenTrust”, “IVT”, or the “Company”) today announced the acquisition of Commons at University Place (“University Place”), a …
KBS Strategic Opportunity REIT II Board Advises Rejection of $2.75 Tender Offer
In a January 31, 2019, letter to stockholders, Chairman Peter McMillan of KBS Strategic Opportunity REIT II, Inc. advised common shareholders to reject…
NexPoint Advisors Encourages Shareholders to Vote Against Merger Proposal
On February 5, 2019, NexPoint Advisors, L.P. (“NexPoint”) issued a press release reiterating its opposition of Medley Management Inc’s (“MDLY”) role in the currently proposed merger between Medley Capital Corporation (“MCC”) and…
NexPoint Advisors Proposes Merger with Sierra Income Corporation and Medley Capital Corporation
On August 17, 2018, Blue Vault covered the potential acquisition of Medley Capital Corporation (“MCC”) and Medley Management Inc. (“Medley”) by Sierra Income Corporation (“Sierra”). The companies issued joint press releases on…
Recent Changes to Nontraded REIT Estimated NAVs per Share
Blue Vault Partners compares the most recent NAVs, estimated by nontraded REITs, to the previous NAVs reported by the REITs.
Starwood to Raise $500 Million for Opportunity Zone Investments
Starwood Capital Group is looking to raise $500 million for investments in low-income areas deemed “opportunity zones” under a new U.S. tax policy, according to the January 30 announcement…
Which Business Development Company (“BDC”) had investments in the common stock of at least 25 different nontraded REITs as of September 30, 2018, with a total cost basis of over $22 million?
Answer: MacKenzie Realty Capital, Inc., a nontraded BDC, owned common shares in at least 25 different nontraded REITs as of September 30, 2018. The cost basis of the 19 million shares was $22.6 million as of September 30, 2018, with an estimated fair value of $25.2 million. The BDC’s largest investment among the nontraded REITs was in KBS REIT II, Inc., in which it held 1.6 million shares with a fair value of $6.56 million at that date, and a cost basis of $3.65 per share. The BDC also owned 14.7 million shares of Highlands REIT, Inc. with a cost basis of $0.197 per share.
Hines Global Income Trust Outperforms Blackstone REIT in 2018
In Blue Vault’s report on the returns to shareholders in daily or monthly NAV continuously-offered nontraded REITs, we estimated the returns to…
Former Steadfast Executives Launch 3G Capital Advisors
Commercial real estate investment and financial services industry veterans Christopher Hilbert and R. Kyle Winning, announced on January 25 the launch of…
Griffin Capital Essential Asset REIT Board Recommends Rejection of MacKenzie Tender Offer
On January 25, 2019, MacKenzie Capital Management, LP commenced an unsolicited offer to purchase up to 1,000,000 shares of common stock of Griffin…
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