Blog - Page 102 of 312

July 27, 2023

Carron Schmick: Use Cases for Alts

Carron Schmick highlights how alts can meet clients' needs, how she explains alts to clients, and how receptive the clients are.

July 27, 2023

Carron Schmick: Evaluating Alts for Your Practice

In this Blue Vault Minute, Carron Schmick walks through some of the metrics her firm uses to evaluate asset managers.

July 26, 2023

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 REIT I, Procaccianti Hotel REIT, InPoint Commercial RE Income, SmartStop Self Storage REIT, and…

July 26, 2023

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…

July 26, 2023

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…

July 26, 2023

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.

July 25, 2023

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...

July 25, 2023

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...