Professional Services Perspectives
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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…
Why Blackstone Was Able To Turn Simply Self Storage Into an Extra $1 Billion in Under Three Years
Blackstone Real Estate Income Trust’s deal to sell Simply Self Storage to Public Storage for $2.2 billion signals more than the seller collecting $1 billion over what it paid less than three years ago. It also indicates optimism about long-term self-storage demand in certain parts of the country didn’t ease with the pandemic…
Nate Oltmans: Explaining Alts to Clients
Wondering how to discuss alternative investments with clients? Advisor Nate Oltmans offers insights in this Blue Vault Minute.
NAV REITs Report Flat Median Total Returns for June
The median monthly total return for 16 continuously offered nontraded REIT programs (“NAV REITs”) was just 0.01% in June, compared to negative 0.46% in May. Eight of the 16 reported positive total returns. This is the first month since November 2022 that, as a group, the continuously offered nontraded REIT programs have reported a positive median return, albeit a very small one. Year-to-date in 2023, the median total return for the 16 REITs was negative 2.94%. By contrast, the S&P 500 Index total return over the same six-month period was 16.89% and the NAREIT All Equity REIT Index total return was 2.97%.
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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...
US Industrial Rents Up Nearly 6% This Year
US Industrial Rents Up Nearly 6% This Year The industrial market gained steam in the third quarter, with rents rising 2.6% to $7.21 per square foot. December 23, 2020 |...
Owl Rock Capital Group and Dyal Capital Partners Execute Definitive Business Combination Agreement to Form Blue Owl Capital and List on NYSE via a Business Combination with Altimar Acquisition Corporation
Owl Rock Capital Group and Dyal Capital Partners Execute Definitive Business Combination Agreement to Form Blue Owl Capital and List on NYSE via a Business Combination...
Strategic Capital Fund Management Announces Baltimore Data Center Acquisition
GREENWICH, Conn.–(BUSINESS WIRE)–Strategic Capital Fund Management (“Strategic Capital”) and its affiliate, Strategic Data Center Fund Manager, LLC (“Strategic...
NorthStar Healthcare Income Announces $3.89 NAV
NorthStar Healthcare Income Announces $3.89 NAV December 23, 2020 On December 21, 2020, upon the recommendation of the audit committee (the “Audit Committee”) of the board...
More articles…
What is “LIBOR” and how does it relate to the cost of debt for nontraded REITs?
What is “LIBOR” and how does it relate to the cost of debt for nontraded REITs? Answer: Many nontraded REITs have debt with interest rates that are set to vary with “LIBOR”, the London Interbank Offered Rate. It is the benchmark rate that some of the world’s leading...
American Realty Capital Healthcare Trust III Suspends DRIP
American Realty Capital Healthcare Trust III Suspends DRIP May 2, 2017 | by James Sprow | Blue Vault American Realty Capital Healthcare Trust III, Inc. notified participants in the Company’s distribution reinvestment plan (the “DRIP”), that, pursuant to the terms of...
NTR and BDC March Sales Recover
NTR and BDC March Sales Recover April 28, 2017 | by by Beth Glavosek | Blue Vault In March, we witnessed a significant one-month recovery in sales of nontraded REITs (NTRs) and Business Development Companies (BDCs). NTR sales in March were $622.6 million and BDC sales...
NexPoint Capital Reduces Public Offering Price
NexPoint Capital Reduces Public Offering Price April 28, 2017 | by Jared Schneider | Blue Vault On April 26, 2017 NexPoint Capital, Inc., a nontraded BDC, decreased its public offering price to $10.50 per share from $10.66 per share. This is in accordance with the...
With a sliding scale of selling commissions for volume purchases of nontraded REIT shares, what happens to the net proceeds per share when selling commissions fall?
With a sliding scale of selling commissions for volume purchases of nontraded REIT shares, what happens to the net proceeds per share when selling commissions fall? Answer: Net proceeds per share remain the same as selling commissions fall because the effective...
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