Professional Services Perspectives
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CIM Group Brings Luxury Watch Manufacturer A. Lange & Söhne to The Shops at Tribune Tower
CIM Group controls approximately 60,000 square feet of flexible retail space on Michigan Avenue with its Tribune Tower and 444 N. Michigan Ave. properties.
Wealthtech Addepar Surpasses $5 Trillion of Client Assets Managed on its Platform
For the $5 trillion of assets tracked on the platform, approximately 60% are in marketable securities that are held at custody banks.
Triton Pacific Affiliate Acquires 17 Dunkin’ Restaurants and a Central Manufacturing Facility in Vermont
“Dunkin’ is a well-established leader in the quick service restaurant industry, especially in the Northeast, where there is an extremely loyal customer base.
Report: CRE Expected to Improve in 2024 Amid ‘Enticing Investment Landscape’
There’s no denying that the current market is still challenging for property owners and their investment partners.
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Recent News
U.S. Retail Sales Jump as Delta Shifts Spending Back to Goods
U.S. Retail Sales Jump as Delta Shifts Spending Back to Goods October 18, 2021 | James Sprow | Blue Vault U.S. retail sales unexpectedly increased last month in a broad...
Manhattan Retail Leasing Heats Up in Q3: Report
Manhattan Retail Leasing Heats Up in Q3: Report October 14, 2021 | Celia Young Retail leasing in Manhattan increased between June and September after eight consecutive...
US Hotel Occupancy Peaks Ahead of Columbus Day Weekend
US Hotel Occupancy Peaks Ahead of Columbus Day Weekend October 18, 2021 | James Sprow | Blue Vault U.S. hotel occupancy in the week ended Oct. 9 climbed to 63.9%, its...
Starwood REIT Purchases 844-Unit Florida Apartment Complex
Starwood REIT Purchases 844-Unit Florida Apartment Complex October 18, 2021 | James Sprow | Blue Vault Starwood Property Trust paid $371.1 million for two apartment towers...
Hines Global Income Trust Announces Increased NAV per Share
Hines Global Income Trust Announces Increased NAV per Share October 15, 2021 | James Sprow | Blue Vault In an 8-K filing with the SEC on October 15, Hines Global Income...
Net Lease Investors Fully Subscribe an ExchangeRight $86 Million Offering
Net Lease Investors Fully Subscribe an ExchangeRight $86 Million Offering October 14, 2021 | ExchangeRight ExchangeRight has fully subscribed its $86.38 million Net-Leased...
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New IFCEF Individual Performance Pages are Available
New IFCEF Individual Performance Pages are Available To see the latest individual performance pages, log in, hover over “Subscriber-Only Research“, and then click “IFCEF Individual Reports” from the menu located at the top the page. The...
Deferred financing costs are amortized over the maturities of nontraded REIT debt financing. What is the range of annualized cost of debt financing that these expenses add to the weighted average cost of debt financing (calculated based upon the stated interest rates for mortgages and other financing)?
Answer: The additional annualized deferred financing costs can add anywhere from 0.05% to 1.44% to the annualized cost of debt financing. For a sample of 38 nontraded REITs with deferred financing costs, the average additional cost of borrowing was 0.36% annualized, added to the weighted average cost of debt of 4.33% for a total average cost of borrowing of 4.66%.
Healthcare Trust Moves Share Repurchase Date Out One Month
On March 26, 2019, the board of directors of Healthcare Trust, Inc. approved an amendment to the Company’s existing share repurchase program (“SRP”) changing…
Strategic Storage Trust IV Acquires Self Storage Facility in Newark, New Jersey
Strategic Storage Trust IV, Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced on…
Fed Signals End of Tightening Cycle; Interest Rates Reignite Opportunities
At its latest meeting, the Federal Reserve signaled an end to rate hikes this year, while reserving the potential for one increase in 2020…
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