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California Self Storage Operator Vaults to Fifth Largest Player in Canada
California-based SmartStop Self Storage REIT is expanding in Canada’s largest city, adding eight facilities in the greater Toronto area for $CA300 million…
SmartStop Adds Eight Self-Storage Facilities in the Greater Toronto Area for Approximately CAD $300 Million
SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self-storage company, announced today that its affiliates, Strategic Storage Trust VI, Inc. and Strategic Growth Trust III, Inc…
How Cash Ratios Are Trending for NTRs
A recent article on S&P Capital IQ stated that the cash ratios of non-investment grade-rated companies were “squeezed further” in the first quarter of 2023. The article used the median measure of cash and equivalents as a share of total liabilities of companies rated…
ExchangeRight Successfully Completes 32nd Full-Cycle Event, with Annualized Returns Ranging 8.25%–9.75%
ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has announced the successful completion of its Net-Leased Preferred Equity Fund 3 (“NLPEF 3”), a fund that consistently generated 8.25%–9.75% annualized returns to investors throughout the offering’s six-year lifespan. The liquidation of NLPEF 3 marked the 32nd successful full-cycle event ExchangeRight has executed on behalf of investors out of a total 87 offerings created…
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Recent News
RPT Realty Announces Formation of New Net Lease Retail Real Estate Platform with Sovereign Wealth Fund GIC, Zimmer and Monarch
RPT Realty Announces Formation of New Net Lease Retail Real Estate Platform with Sovereign Wealth Fund GIC, Zimmer and Monarch • The platform will target the acquisition of...
STR: US Weekly Hotel Occupancy Decreases for First Time Since January
STR: US Weekly Hotel Occupancy Decreases for First Time Since January Oahu Island, Minneapolis Markets Report Lowest Occupancy for Week March 4, 2021 | HNN Newswire |...
Dollar Tree Is Opening a Pandemic Store Format
Dollar Tree Is Opening a Pandemic Store Format March 3, 2021 | Gina Acosta | Progressive Grocer Dollar Tree plans to open hundreds of new “combination stores” as...
Recent Total Returns to Continuously Offered Nontraded REITs
Recent Total Returns to Continuously Offered Nontraded REITs March 8, 2021 | James Sprow | Blue Vault Most nontraded REITs with continuous offerings have reported their...
JLL Income Property Trust Acquires Southeast Phoenix Distribution Center
JLL Income Property Trust Acquires Southeast Phoenix Distribution Center March 2, 2021 JLL Income Property Trust, an institutionally managed daily NAV REIT...
Blackstone expands industrial reach with $151M Chicago buy
Blackstone expands industrial reach with $151M Chicago buy CenterPoint Properties sold 1.1M-sf warehouse portfolio March 1, 2021 | The Real Deal Blackstone is furthering...
More articles…
KBS Growth & Income REIT to Buy Chicago Office Building
KBS Growth & Income REIT to Buy Chicago Office Building September 4, 2017 | James Sprow | Blue Vault KBS Growth & Income REIT Inc., through a subsidiary, agreed to buy a seven-story office building in Chicago for roughly $43.5 million plus closing costs from...
In a recent third-party tender offer for the shares of Benefit Street Partners Realty Trust, Inc., what was MacKenzie Realty Capital, Inc.’s offer price per share and how many shares were tendered?
In a recent third-party tender offer for the shares of Benefit Street Partners Realty Trust, Inc., what was MacKenzie Realty Capital, Inc.’s offer price per share and how many shares were tendered? Answer: $12.05 per share and 11,806 shares were tendered, less...
REITs Join Ranks of Non-Bank Lenders, Provide More Than $14 Billion in CRE Loans During First Half of This Year
REITs Join Ranks of Non-Bank Lenders, Provide More Than $14 Billion in CRE Loans During First Half of This Year August 30 , 2017 | Mark Heschmeyer | CoStar.com With cap rates for commercial property sales reaching new lows and pricing climbing to new highs, a growing...
Phillips Edison Grocery Center REIT I, II End ARC Advisory Contracts
Phillips Edison Grocery Center REIT I, II End ARC Advisory Contracts September 4, 2017 | James Sprow | Blue Vault Phillips Edison Grocery Center REIT I Inc. and Phillips Edison Grocery Center REIT II Inc. terminated their contractual and economic ties with their...
Distribution Coverage—Why It’s Important to Understand the Difference Between MFFO and Cash
At Blue Vault, we report the sources of distributions in the Nontraded REIT Industry Review because we think it’s important to distinguish that Modified Funds from Operations (MFFO) is not the same as the Cash Available for Distributions. Even when MFFO “covers” the distribution amount, the actual cash needed to pay investors — or portions of it — might still be obtained from other sources such as offering proceeds or debt financing. But how can that be?
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