Nontraded REIT and BDC Sales Weaken in February 2017 March 13, 2017 | by James Sprow | Blue Vault Equity capital raised by open nontraded REIT programs in February 2017, appear to have fallen 15% from January 2017, according to sales figures reported to Blue Vault by REIT sponsors. For the 26 effective nontraded REITs…

Healthcare Trust Reduces Distribution Rate March 10, 2017 | by James Sprow | Blue Vault On March 3, 2017, the board of directors of Healthcare Trust, Inc., a nontraded REIT sponsored by AR Global, authorized a decrease in the rate at which the Company pays monthly distributions to holders of the Company’s common stock, effective…

Summit Healthcare REIT, Inc. Acquires Interest in Two Skilled Nursing Facilities March 10, 2017 | by James Sprow | Blue Vault Summit Healthcare REIT, Inc. (“Summit” or the “REIT”) announced March 7 that it has acquired an interest in two skilled nursing facilities located in the Northeast on February 28, 2017. The facilities, acquired for a total purchase price of $27.0 million, consist of a total of 318 licensed beds, and will be operated by and leased to the existing operator. The acquisitions were made through Summit Fantasia Holdings II, LLC, a joint venture between Summit Healthcare Operating Partnership, LP (“Summit OP”), which is wholly owned by the REIT and Fantasia Investment III LLC (“Fantasia”), a U.S. based affiliate of Fantasia Holdings Group Co., Limited. Summit OP has previously partnered with Fantasia in a prior acquisition. “In this competitive market, we were pleased to find an opportunity that is a good fit for Summit,” said Kent Eikanas, President and Chief Operating Officer. “This is an exciting time for the REIT as we continue our expansion and diversification throughout the United States.” Summit is a publicly registered non­traded REIT that is currently focused on investing in senior housing real estate located throughout the United States. The current portfolio includes interests in 31 long­term triple­net leased healthcare facilities in 11 states. With the acquisitions, the REIT’s total bed count for its properties will exceed 2,500.  Over half of the…

Unemployment Rates Lower in February, Participation Up March 10, 2017 | by James Sprow | Blue Vault The jobless rate in February was 4.7%, the Labor Department says, moving down from January and matching economists' expectations. A broader measure of unemployment known as the U-5, which includes discouraged workers not actively seeking employment and others…

Resource's Finkel Talks Housing Capitalizing on multifamily units may be a good alternative to stocks and bonds. March 3, 2017 | by Dawn Reiss | U.S. News & World Report As investors search for alternatives that can help diversify their stock and bond-laden portfolios, some are turning the real estate market. If you're not into flipping houses,…

Private RE Steps Up Co-Investment LONDON—Amid increasing competition among private equity real estate funds, “co-investment opportunities provide a perfect tool to attract investors,” says Andrew Moylan at Preqin. March 8, 2017 | by PAUL BUBNY | GlobeSt LONDON—With investors becoming more vocal about alternatives to the blind pool model, more private equity real estate funds are…

CRE Experts Give Forecast On 1031 Exchanges Under Trump Administration March 7, 2017 | by Cameron Sperance | Forbes A popular real estate investment vehicle could be in jeopardy under Republican-led tax reform. The “like-kind” or 1031 exchange was introduced in the 1920s to soften the tax burden on farmers looking to swap land. The rationale went something…

REITs Move Higher in February March 6, 2017 | by Sarah Borchersen-Keto | Blue Vault Market watchers said fundamentals for the REIT industry remain healthy, as REIT returns tracked the broader market in February. The FTSE/NAREIT All REIT Index had a total return of 4.2 percent in February, slightly above the S&P 500 index’s return of…

Hines REIT Files Articles of Dissolution Related to Liquidation of Portfolio March 9, 2017 | by James Sprow | Blue Vault  On March 7, 2017, Hines Real Estate Investment Trust, Inc. filed its Articles of Dissolution with the State Department of Assessments and Taxation of Maryland pursuant to a plan of complete liquidation and dissolution…