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Which nontraded REITs had the top five distribution yields for REITs with closed offerings as of March 31, 2023?
Which nontraded REITs had the top five distribution yields for REITs with closed offerings as of March 31, 2023? Answer: The five REITs with the highest distribution yields among the closed REITs as of March 31, 2023, were Lightstone Value Plus...
West Coast Cities Slam Brakes on Housing Production Amid Worsening Crisis
Up and down the West Coast apartment construction sites are falling quiet despite high demand in a worsening housing shortage. Fewer multifamily projects have broken ground this year from Seattle to San Diego in one of the slowest starts to apartment construction in a decade. In San Jose, no apartments have broken ground after more than 7,000 started construction last year. In Seattle, 3,433 apartments started building in the first six months, a drop of nearly 60% from the same time last year.
Public Storage to acquire Simply Self Storage for $2.2 billion
Self-storage operator Public Storage (PSA.N) said on Monday it has entered a deal to buy Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion, as it looks to expand its market presence. Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some analysts expect more consolidation in the sector….
REIT Trends in Property Sector Allocations by Actively Managed Real Estate Funds
One of the unique aspects of REITs is the large, actively managed, dedicated REIT investment community; actively managed funds represent 7% of REIT market capitalization and they have been a key element in REITs’ long-term success because of their combined real estate and equity investment expertise and analysis.
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The 401(k) of real estate: the 1031 like-kind exchange
Dan Wagner | Atlanta Agent Magazine | There is a misconception that Internal Revenue Code Section 1031 like-kind-exchanges are a tool for the rich to dodge real-estate...
KBS Growth & Income REIT to Delay Liquidation
KBS Growth & Income REIT to Delay Liquidation January 28, 2021 In a letter to shareholders filed with the SEC in a January 27, 2021, 8-K, the board of directors of KBS...
Hines Global REIT’s Sale of The Rim for $220 Million
Hines Global REIT’s Sale of The Rim for $220 Million January 28, 2021 | James Sprow | Blue Vault A North Carolina real estate firm has entered an agreement to purchase...
Which global financial technology platform recently agreed to acquire AI Insight, Inc.?
Which global financial technology platform recently agreed to acquire AI Insight, Inc.? Answer: iCapital Network, recently announced it has agreed to acquire the assets of...
Bluerock Residential Growth REIT (BRG) Posts Highest Total Shareholder Return Among All Publicly Traded Multifamily REITs in 2020
Bluerock Residential Growth REIT (BRG) Posts Highest Total Shareholder Return Among All Publicly Traded Multifamily REITs in 2020 January 28, 2021 | Bluerock Residential...
How many nontraded REITs had continuous offerings in 2020?
How many nontraded REITs had continuous offerings in 2020? Answer: 14 nontraded REITs were offering common shares via continuous public offerings in...
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Phoenix American Financial Services Announces Zane Doyle as New Vice President, Chief Strategy Officer For Business Development
Phoenix American Financial Services Announces Zane Doyle as New Vice President, Chief Strategy Officer For Business Development June 12, 2017 | Phoenix American Financial Services SAN RAFAEL, CA –Phoenix American Financial Services (PAFS) announced today that the...
Griffin Capital’s BDC to Merge with Griffin’s Credit Interval Fund
Griffin Capital’s BDC to Merge with Griffin’s Credit Interval Fund June 16, 2017 | by Jared Schneider | Blue Vault According to a filing from Griffin Institutional Access Credit Fund, there will be a special stockholder meeting to vote on the combination and...
Sierra Income Corporation BDC Reduces Sales Load
Sierra Income Corporation BDC Reduces Sales Load June 16, 2017 | by Jared Schneider | Blue Vault According to an announcement on June 15, 2017, Sierra Income Corporation reduced the upfront selling commission from 7.00% to 3.00% and the dealer manager fee was reduced...
NTR Sales Down 8.5% in May While BDC Sales Increase 14%
NTR Sales Down 8.5% in May While BDC Sales Increase 14% June 14, 2017 | by James Sprow | Blue Vault Sales by nontraded REITs fell 8.5% in May. The April sales of $332.6 million reported to Blue Vault by nontraded REIT sponsors slowed to $304.7 million in May. BDC...
One nontraded REIT program has raised an estimated $886 million in their offering through May 31, 2017.
One nontraded REIT program has raised an estimated $886 million in their offering through May 31, 2017. Answer: Blackstone REIT, Inc....
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