Professional Services Perspectives
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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…
Cove Capital Investments Completes the Acquisition of Two Long-Term Net Lease Properties as Part of Its Debt-Free Texas Net Lease 67 DST
Cove Capital Investments Completes the Acquisition of Two Long-Term Net Lease Properties as Part...
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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...
Statement on DOL’s Withdrawal of Independent Contractor Rule
Statement on DOL’s Withdrawal of Independent Contractor Rule DOL Withdraws Independent Contractor Rule that Would Provide Clarity on Independent Contractor Status of...
How many employees and assets owned and operated does CIM Group have?
How many employees and assets owned and operated does CIM Group have? Answer: CIM Group has 1,000+ employees, 135 qualified urban communities, and $29.2 billion assets owned...
Bluerock Total Income+ Real Estate Fund Generates Substantial Increase in NAV Growth and Capital Inflows and Reiterates Bullish Outlook
Bluerock Total Income+ Real Estate Fund Generates Substantial Increase in NAV Growth and Capital Inflows and Reiterates Bullish Outlook May 5, 2021 New York, NY (May 5,...
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Blackstone May Double Assets to $800 Billion in Five Years
Blackstone May Double Assets to $800 Billion in Five Years October 25, 2017 | Erik Schatzker, Dinesh Nair, and Matthew Martin | Bloomberg Blackstone Group LP’s Steve Schwarzman said his firm may double assets under management to $800 billion over the next five years...
Hines Global REIT II Acquires 395-Bed Student Housing Property in Reading, UK
Hines Global REIT II Acquires 395-Bed Student Housing Property in Reading, UK October 26, 2017 | James Sprow | Blue Vault On October 11, 2017, Hines Global REIT II, Inc. acquired from a W. P. Carey REIT affiliate, CPA 18, Pan-European Holding Cooperatief U.A. and...
Carey Watermark Investors Sells Its 57% Interest in Westin Atlanta Venture
Carey Watermark Investors Sells Its 57% Interest in Westin Atlanta Venture October 26, 2017 | James Sprow | Blue Vault On October 19, 2017, the CWI AM Atlanta Perimeter Hotel, LLC venture, or the Westin Atlanta Venture, in which Carey Watermark Investors Incorporated,...
KBS Strategic Opportunity REIT to Sell 11 Properties for $804 Million
KBS Strategic Opportunity REIT to Sell 11 Properties for $804 Million October 25, 2017 | James Sprow | Blue Vault On October 24, 2017, KBS Strategic Opportunity REIT, Inc. entered into an agreement to sell 11 of its properties to various subsidiaries of Keppel-KBS US...
What percentage of total property dispositions by nontraded REITs were made by American Finance Trust, Inc. in Q2 2017?
Answer: 21% of all dispositions were made by American Finance Trust, Inc.
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