What lending rate will replace LIBOR as the basis for variable rate debt contracts currently in the debt financing mix of many nontraded REITs?

Answer: LIBOR is a scandal-plagued benchmark that is used to set the price of trillions of dollars of loans and derivatives globally. A group of banks and regulators in 2017 settled on a replacement created by the Federal Reserve known as the secured overnight financing rate, or SOFR. Companies must move away from LIBOR by the end of 2021, when banks will no longer be required to publish rates used to calculate it.

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Which nontraded REIT program recorded positive monthly total returns for each month from April 2023 thru July 2023?

October 3, 2023

Which nontraded REIT program recorded positive monthly total returns for each month from April 2023 thru July 2023? Answer: J. P. Morgan Real Estate Income Trust recorded consecutive positive monthly total returns for four months, April 2023 thru July 2023. The REIT averaged a 0.37% monthly total return over those four months.

Which is the only nontraded REIT that has ever invested solely in timberlands and had a full-cycle event in 2015?

September 27, 2023

Which is the only nontraded REIT that has ever invested solely in timberlands and had a full-cycle event in 2015? Answer: CatchMark Timber REIT (previously Wells Timberland REIT) listed its shares in 2015 and was acquired by Potlatch Deltic Corporation in Q2 2023.

Which nontraded REIT raised a majority of its capital via the issuance of preferred stock in Q2 2023?

September 20, 2023

Which nontraded REIT raised a majority of its capital via the issuance of preferred stock in Q2 2023? Answer: Cottonwood Communities raised $27.5 million of net proceeds from the sale of Series 2023 Preferred Stock. It raised $7.3 million of net proceeds from the sale of common stock issued under its follow-on offering.

How many full-cycle events for nontraded REITs are documented in the upcoming 8th Edition Blue Vault Nontraded REIT Full-Cycle Performance Study?

September 13, 2023

How many full-cycle events for nontraded REITs are documented in the upcoming 8th Edition Blue Vault Nontraded REIT Full-Cycle Performance Study? Answer: The 8th Edition of the Blue Vault Nontraded REIT Full-Cycle Performance Study documents investor returns for 91 full-cycle nontraded REIT programs.

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Blue Vault Q2 2023 Performance Reports Update

October 3, 2023

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…

Blue Vault Q2 2023 Performance Reports Update

September 25, 2023

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Blackstone Is the First Alternative Asset Manager to Hit $1 Trillion AUM. So Where Does It Go From Here?

August 23, 2023

In July, Blackstone BX reported that it had surpassed $1 trillion in total assets under management during the second quarter of 2023, being the first alternative asset manager to cross that threshold. A bit of background to start: “Alternative asset management” is an umbrella term for asset managers that specialize in private market investment strategies like private…

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