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Why NYX Capital Sold Its $310M Self-storage Portfolio: President and CEO Yashar Fatehi Cites Economy, Market Conditions for Timing of Sale
After making Canada’s largest self-storage portfolio sale thus far in 2023, the CEO of NYX Capital Corp. says his company is not completely exiting the sector. NYX, a Toronto-based private equity real estate investment firm with over $1 billion assets under management, sold its $310-million self-storage portfolio last month. The income-producing properties were sold to Ladera Ranch, Calif.-based SmartStop Self Storage REIT – a $300-million acquisition of eight Ontario properties.
Shopoff Realty Investments and Urban Pacific Create Joint Venture Partnership to Develop Urban Town Homes
Shopoff Realty Investments (“Shopoff”), and The Urban Pacific Group of Companies have created a joint venture partnership to further advance Urban Pacific’s “Urban Town House” (UTH) build-for-rent, multi-generational housing concept.
Homes Are Selling for Near-Record Highs as Supply Falls to New Low, Demand Picks Up
A record low number of homes for sale combined with an uptick in homebuyer demand propped up housing prices in June, even as elevated mortgage rates kept many buyers on the sidelines. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median U.S. home sale price was $426,056 in June, just 1.5% ($6,341) below the all-time high of $432,397 set in May 2022…
StratCap Acquires Approximately $90 Million in Digital Infrastructure Assets
“The ongoing deployment of 5G networks and continuous increases in mobile data usage are catalyzing both growth and investor appetite in what we believe is a very resilient sector.”
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Blackstone Real Estate Income Trust Declares December Distributions
Blackstone Real Estate Income Trust Declares December Distributions December 31, 2020 | James Sprow | Blue Vault On December 31, 2020, Blackstone Real Estate Income Trust,...
Hospitality Investors Trust Negotiates Alternative to Class C Share Distributions
Hospitality Investors Trust Negotiates Alternative to Class C Share Distributions December 29, 2020 | James Sprow | Blue Vault On December 28, 2020, Hospitality Investors...
JLLIPT Purchased Fort Worth Distribution Center in Texas
JLLIPT Purchased Fort Worth Distribution Center in Texas December 29, 2020 | James Sprow | Blue Vault Jones Lang LaSalle Income Property Trust Inc.(JLLIPT) purchased the...
KBS REIT II Sells San Jose, CA Building, Announces $0.40 Liquidating Distribution
KBS REIT II Sells San Jose, CA Building, Announces $0.40 Liquidating Distribution December 28, 2020 | James Sprow | Blue Vault KBS Real Estate Investment Trust II Inc. sold...
NexPoint Provides Update on United Development Funding IV, Addresses UDFI’s Response to Tender Offer
NexPoint Provides Update on United Development Funding IV, Addresses UDFI’s Response to Tender Offer Supplementary Presentation Documents NexPoint’s UDFI...
Griffin Capital Essential Asset REIT Declares January Distributions
Griffin Capital Essential Asset REIT Declares January Distributions December 28, 2020 On December 17, 2020, Griffin Capital Essential Asset REIT’s board of directors...
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Don’t Be Fooled: Retail’s Demise Is Greatly Exaggerated
Don’t Be Fooled: Retail’s Demise Is Greatly Exaggerated OAK BROOK, IL—Inland chief Joe Cosenza says that, unlike the Biblical Jericho, retail’s walls are not (literally or figuratively) coming down. May 8, 2017 | by JOHN SALUSTRI | GlobeSt.com OAK BROOK, IL—Students...
How might an investment in a joint venture by a nontraded REIT represent increased leverage for its shareholders?
How might an investment in a joint venture by a nontraded REIT represent increased leverage for its shareholders? Answer: If a joint venture investment includes the use of debt within the structure of the joint venture, the effective leverage for nontraded REIT...
U.S. Jobs Report Surprises, As Employers Add 211,000 To Payrolls In April
U.S. Jobs Report Surprises, As Employers Add 211,000 To Payrolls In April May 5, 2017 | by Champaign Williams | Biznow U.S. employers added 211,000 new jobs in April, a dramatic increase compared to March’s disappointing payroll gains, and unemployment declined to...
HEIGHTENED NYC APARTMENT SUPPLY PUTS THE SQUEEZE ON MULTIFAMILY REITS
HEIGHTENED NYC APARTMENT SUPPLY PUTS THE SQUEEZE ON MULTIFAMILY REITS May 2, 2017 | by Orest Mandzy | Trepp I don’t want to sound like Captain Obvious, but a lot of people want to live in New York City. NYC neighborhoods are getting redeveloped left and right as...
House Panel OKs Bill Repealing DOL’s Fiduciary Rule
House Panel OKs Bill Repealing DOL’s Fiduciary Rule May 5, 2017 | Financial Advisor IQ A repeal of the Department of Labor’s fiduciary rule is now more likely as the House Financial Services Committee passes the Dodd-Frank overhaul bill, ThinkAdvisor writes. The bill...
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