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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.
PetSmart’s Owner Sells Minority Stake to Apollo
BC Partners has agreed to sell a minority stake of its PetSmart holdings to funds managed by affiliates of Apollo…
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Recent News
Force Majeure Language Proliferates in Leases
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Altigo Year in Review
Altigo Year in Review December 21, 2020 | Heather Acey | WealthForge With the arrival of the pandemic, 2020 brought a substantial shift in the way business is conducted....
What were the YTD total returns (before sales loads) for Blackstone Real Estate Income Trust’s (“BREIT’s”) Class I and Class S shares through November 2020?
What were the YTD total returns (before sales loads) for Blackstone Real Estate Income Trust’s (“BREIT’s”) Class I and Class S shares through...
Nontraded REITs with Distribution Yield Changes from Q4 2019 to Q3 2020
Nontraded REITs with Distribution Yield Changes from Q4 2019 to Q3 2020 January 5, 2020 | James Sprow | Blue Vault The impact of the COVID 19 pandemic on the nontraded REIT...
Starwood Real Estate Income Trust Declares December Distributions
Starwood Real Estate Income Trust Declares December Distributions December 31, 2020 | James Sprow | Blue Vault On December 31, 2020, Starwood Real Estate Income Trust, Inc....
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,...
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Shopping Center REIT Execs Push Back Against Negative Fallout from Retailer Bankruptcies
Shopping Center REIT Execs Push Back Against Negative Fallout from Retailer Bankruptcies May 1, 2017 | by Randyl Drummer | CoStar Retail REITs have been hitting back against the onslaught of negative retail headlines and analyst sentiments during the current round of...
Economy Watch: Commercial Property Valuations Gain in April
Economy Watch: Commercial Property Valuations Gain in April April 28, 2017 | by Dees Stribling | Commercial Executive Property The commercial real estate industry saw its strongest price growth since the election, according to Ten-X’s latest Commercial Real...
Griffin Announces Closing on Land Sale
Griffin Announces Closing on Land Sale May 1, 2017 | Griffin Industrial Realty, Inc. NEW YORK, May 01, 2017 (GLOBE NEWSWIRE) — Griffin Industrial Realty, Inc. (NASDAQ:GRIF) (“Griffin”) today announced that it closed on the previously announced sale of...
Blue Vault is pleased to release the Q4 2016 Industry Sales Summary report…
Blue Vault is pleased to release the Q4 2016 Industry Sales Summary report… outlining 4th quarter 2016 capital raise data, as well as total 2016 yearly capital raise data. Capital raise is broken down by industry, sponsor and REIT offering, and evaluated by year,...
Q4 2016 Nontraded REIT Industry Sales Summary – New!
May 2, 2017 Blue Vault is pleased to announce the release of the Q4 2016 Industry Sales Summary report, outlining 4th quarter 2016 capital raise data, as well as total 2016 yearly capital raise data. Capital raise is broken down by industry, sponsor and REIT...
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