Professional Services Perspectives
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Is Every Commercial Office Property in Trouble?
Why Not All Office Space Is Created Equal
Blackstone Is the First Alternative Asset Manager to Hit $1 Trillion AUM. So Where Does It Go From Here?
In July, Blackstone BX reported that it had surpassed $1 trillion in total assets under management during the second quarter of 2023, being the first alternative asset manager to cross that threshold. A bit of background to start: “Alternative asset management” is an umbrella term for asset managers that specialize in private market investment strategies like private equity, private debt, or real assets, or in strategies that invest in publicly traded securities in a nontraditional manner, like hedge funds or funds of funds. (I am oversimplifying a bit—there is some overlap between these groups.)
Legendary Capital Expands Team with Two New Wholesaling Vice Presidents
Legendary Capital, LLC, a leading Alternative Investment Sponsor, is delighted to announce the recent addition of Devon Gasparovic and Robin Boccardi to its distribution team as wholesaling vice presidents. These strategic hires mark another significant step in the company’s ongoing commitment to strengthening its distribution capabilities and providing superior partnering services to financial advisors across the country…
Apollo Funds acquires Accent family of companies
Apollo Funds, a global alternative asset manager based in New York, has acquired the Accent family of companies, a Tomball, Texas-based full service, value-added industrial distribution company focused on the waste, recycling and building materials industries that includes Accent Wire-Tie, Accent Wire-Tie United Kingdom and Accent Building Materials…
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Altigo Rolls Out Product Focus Group Effort to Optimize Platform for Users
Altigo Rolls Out Product Focus Group Effort to Optimize Platform for Users May 6, 2021 WealthForge announced today that Altigo, their electronic order entry and subscription...
Office Demand Surges in March
Office Demand Surges in March Demand is now just 9% below pre-pandemic levels. April 29, 2021 | Les Shaver | GlobeSt.com Office demand surged in March, rising 28% from...
Amazon Fuels North America’s Most Severe Warehouse Shortage
Amazon Fuels North America’s Most Severe Warehouse Shortage • Toronto’s dearth of logistics properties hampers businesses • Canadians have embraced e-commerce during the...
Global Self Storage CEO Points to Smaller Markets as the Sector’s Future
Global Self Storage CEO Points to Smaller Markets as the Sector’s Future Mark Winmill says the pandemic has shown the resilience of the self-storage sector. May 5, 2021 |...
Strategic Wireless, an investment vehicle sponsored by Strategic Capital Fund Management, invests in what kinds of assets?
Strategic Wireless, an investment vehicle sponsored by Strategic Capital Fund Management, invests in what kinds of assets? Answer: Cell towers, wireless easements, fiber...
Update on the Performance of Continuously Offered Nontraded REITs
Update on the Performance of Continuously Offered Nontraded REITs May 6, 2021 | James Sprow | Blue Vault The changes in net asset values per share (NAVs) for the...
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Phillips Edison Grocery Center REIT I Arranges $195 Million in 14 Secured Mortgage Loans
On October 23, 2017, 14 subsidiaries of Phillips Edison Grocery Center Operating Partnership I, L.P. (“PECO I OP”), and The Guardian Life Insurance Company of America, entered into 14 separate ten-year secured mortgage loans totaling $195 million.
What Interval Fund currently leads the sector with reported net assets of $4.95 billion?
Answer: Stone Ridge Trust II (Stone Ridge Reinsurance Risk Premium Interval Fund) reported net assets of $4,950,183,818 as of 07/31/17.
American Realty Capital New York City REIT Announces Lower NAV
On October 25, 2017, the independent directors of American Realty Capital New York City REIT, Inc. approved an Estimated Per Share NAV equal to $20.26 based on an estimated fair value of the Company’s assets less the estimated fair value of the Company’s liabilities, divided by 31,029,865 shares of common stock outstanding on a fully diluted basis as of June 30, 2017.
Broadstone Real Estate Files for $1 Billion Interval Fund Offering
Broadstone Real Estate Files for $1 Billion Interval Fund Offering October 27, 2017 | James Sprow | Blue Vault Broadstone Real Estate registered a new interval fund on October 13, with a goal of a $1 billion capital raise. According to the draft registration...
It’s 6 Months Running For Price Declines
It’s 6 Months Running For Price Declines October 27, 2017 | Paul Bubny | GlobeSt.com IRVINE, CA—Commercial property pricing slipped by 0.2% in October, marking the sixth month in a row of declining values, Ten-X said Thursday afternoon. At just 3.1%,...
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