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Prospect Capital Announces September 2023 Financial Results and Declares Steady Monthly Dividends through January 2024 of $0.06 Per Common Share
Prospect’s closing stock price of $5.35 at November 7, 2023 delivers to our common shareholders an annualized distribution yield of 13.5% and an annualized basic NII yield of 18.7%, representing 139% basic NII coverage of common distributions.
ExchangeRight Expands Strategic Relations Team with Kara Howard, Director of National Accounts
Howard joins ExchangeRight with more than 15 years of experience in the Alternative Investment industry, focusing on national accounts and business development. She holds Series 7, 24, and 63 licenses with the Financial Industry Regulatory Authority (FINRA).
Starwood Property Trust Reports Results for Quarter Ended September 30, 2023
Starwood Property Trust, Inc. – Quarterly GAAP Earnings of $0.15 and Distributable Earnings (DE)...
Which Interval Fund reported the greatest total of capital raise among all Interval Funds in the first six months of its fiscal year 2023?
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Self-Storage Demand Is Booming, Generating Huge Gains For Investors
Self-Storage Demand Is Booming, Generating Huge Gains For Investors September 9, 2021 | Christie Moffat Buoyed by elevated migration, business disruptions and life changes...
Multifamily Leasing Performance in August Exceeds Pre-pandemic Levels
Multifamily Leasing Performance in August Exceeds Pre-pandemic Levels September 27, 2021 | Institute for Real Estate Operating Companies A strong recovery in multifamily...
Which new nontraded REIT filed its IPO on March 31, 2021?
Which new nontraded REIT filed its IPO on March 31, 2021? Answer: Invesco Real Estate Income Trust Inc. filed an IPO in the amount of $3 billion on March 31,...
Which continuously offered nontraded REIT transitioned from a daily NAV REIT to a monthly NAV REIT in 2020 and owns 122 properties that were 98.7% occupied as of June 30, 2021?
Which continuously offered nontraded REIT transitioned from a daily NAV REIT to a monthly NAV REIT in 2020 and owns 122 properties that were 98.7% occupied as of June 30,...
Commercial Real Estate Shows Resiliency & Remains a Standard in Retirement Plan Portfolios
Commercial Real Estate Shows Resiliency & Remains a Standard in Retirement Plan Portfolios September 22, 2021 | BRN AM Jeffrey Snyder of BRN AM discusses with Matthew...
How the Labor Market Impacts Commercial Real Estate
How the Labor Market Impacts Commercial Real Estate September 27, 2021 | Marcus and Millichap Click here to watch a presentation from John Chang, Senior Vice President,...
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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…
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