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Register for Alts Day: A Free Mini-Summit for Advisors
Johnathan Rickman | Blue Vault Looking to brush up on your alts knowledge but are short on dollars and downtime? Blue Vault has you covered! Join us on Wednesday, November 13 for Alts Day: a one-day virtual educational event focused on the...
What was the total public capital raise for the nontraded BDC industry in the first quarter of 2024, and how does it compare to the first quarter of 2023?
For more research and data like this, become a Blue Vault member!
Leveraging Peer Power: Five Reasons Why You Should Join Blue Vault’s Community Groups
Learn how Madrona Financial’s Brian Evans has grown his advisory practice by integrating alternative investment strategies at our next meeting on Monday, October 21, 2024!
Prospect Capital Corporation Extends and Increases Revolving Credit Facility to Over $2.1 Billion of Aggregate Commitments
Prospect Capital Corporation (NASDAQ: PSEC) has extended its revolving credit facility commitments to $2.1215 billion from 48 banks, with an accordion feature allowing for a potential increase to $2.25 billion, supporting its investment and financing needs.
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Recent News
Capital Square Acquires Class A Multifamily Community Near Miami for DST Offering
Capital Square Acquires Class A Multifamily Community Near Miami for DST Offering January 4, 2023 | Capital Square Capital Square, one of the nation’s leading sponsors of...
What property could be the first real estate acquisition by J. P. Morgan Real Estate Income Trust, Inc., the newest continuously offered nontraded REIT program?
What property could be the first real estate acquisition by J. P. Morgan Real Estate Income Trust, Inc., the newest continuously offered nontraded REIT program? Answer: On...
ExchangeRight Fully Subscribes 25-Property, $71 Million Net-Leased Portfolio
ExchangeRight Fully Subscribes 25-Property, $71 Million Net-Leased Portfolio January 3, 2023 | ExchangeRight ExchangeRight, one of the nation’s leading providers of...
Nontraded REITs with Highest Percentage of Shares Repurchased in Q3 2022
Nontraded REITs with Highest Percentage of Shares Repurchased in Q3 2022 January 3, 2023 | James Sprow | Blue Vault The announcements by Blackstone Real Estate Income Trust...
Mortgage rates increase after six weeks of declines
Mortgage rates increase after six weeks of declines December 29, 2022 | Gabriella-Cruz Martinez | Yahoo! Money Mortgage rates increased this week, breaking their six-week...
Griffin Realty Trust Sells Majority Interest in Six Office Properties
Griffin Realty Trust Sells Majority Interest in Six Office Properties December 30, 2022 | James Sprow | Blue Vault On December 28, 2022, Griffin Realty Trust, Inc. (“GRT” or...
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Good returns, strong fundraising benefit alternative firms
A heady brew of returns and fundraising success gave a lift to alternative managers’ assets, but only…
Home prices are still on a tear, Case-Shiller says
The numbers: The S&P/Case-Shiller national index rose a seasonally adjusted 0.4% and was up 6.5% compared to a year ago in March.
Investors Still Can’t Get Enough of Industrial Properties, Experts Say
Despite increasing valuations and compressed cap rates, industrial/logistics real estate remains “the prettiest girl at the dance,” says Mark Glagola, senior managing director of the Mid-Atlantic capital markets group at brokerage firm Transwestern. “Investors are buying at lower caps, but supply is overwhelmed by demand,” he notes.
Grocery-anchored shopping centers get thumbs-up
Amid headlines of retailer bankruptcies and shuttered stores, supermarkets are seen as a plus by the commercial real estate sector.
Of the 4 nontraded REITs in the Blue Vault Liquidating LifeStage, American Finance Trust, InvenTrust Properties, KBS Legacy Partners Apartment Trust, and Lightstone Value Plus Real Estate Investment Trust V (formerly Behringer Harvard Opportunity REIT II), which REIT has the strongest interest coverage ratio?
Answer: Of the 4 Liquidating LifeStage REITs, Lightstone Value Plus Real Estate Investment Trust V has the healthiest interest coverage ratio at 7.7X. However, each of the other 3 Liquidating LifeStage REITs also has what is considered to be a healthy interest coverage ratio; American Finance Trust at 3.4X, Inventrust Properties at 7.0X, and KBS Legacy Partners Apartment Trust at 2.0X. According to industry analysts, a 2.0X interest coverage ratio, meaning operating income is at least twice interest expense, is generally considered to be in the healthy category.
Furthermore, while American Finance Trust is paying a distribution yield of 5.20%, its MFFO payout ratio of 131% means it is not covering those distributions completely.
Overview of Sales Channels
Overview of Sales Channels May 23, 2018 | Beth Glavosek | Blue Vault The alternative investment industry has long relied on the Independent Broker Dealer (IBD) channel for its sales; however, a broader array of financial firms are embracing the benefits of income and...
How to Answer the Most Basic Questions About Nontraded REITs
Imagine that you are the type of financial advisor or individual investor who wants to do your own research on a nontraded REIT program, either a program in which you already have invested or are considering for future investment.
Strategic Storage Growth Trust, Inc. Reports 2018 First Quarter Results
In a press release on May 18, Strategic Storage Growth Trust, Inc. (“SSGT”) announced continued growth in total revenues and…
NorthStar/RXR Appoints Special Committee to Explore Strategic Alternatives
The board of directors of NorthStar/RXR New York Metro Real Estate has formed a Special Committee to explore strategic alternatives, including,…
Griffin-American Healthcare REIT IV Reports Portfolio Growth, Lowered Leverage
Following the release of its most recent financial and performance metrics, Griffin-American Healthcare REIT IV has announced that its common stock’s estimated per share net asset value of …
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