Real Estate
Real estate remains a top-performing asset and in robust demand among institutional investors and high-net-worth investors. This best-in-class asset comprises nearly $300 trillion in global value and continues to climb as demographics fuel international demand. From REITs to capital flows, from private equity strategies and value creation to booming demand for luxury properties, the DailyAlts Real Estate channel covers the top news and insights in the space
Top Story
CoreLogic (NYSE: CLGX), a property information and analytics provider, has acquired digital mortgage platform Roostify for an undisclosed amount. The integration of Roostify’s digital lending platform with CoreLogic’s data and analytics suite will allow lenders to access important data on borrowers and properties early in the lending process, resulting in a faster and more efficient customer experience with lower underwriting expenses.
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Digital Assets: Vertalo To Launch STOs For REI Capital, A New Commercial Real Estate Fund
Vertalo is a digital transfer agent that specializes in the tokenization of assets. Its real estate division, Vertalo Real Estate (VRE) launched in June 2020. VRE focuses on the digitization and tokenization of real estate assets. REI Capital Growth, an innovative commercial real estate (CRE) fund, has licensed Vertalo’s platform for the launch of two security token offerings (STOs) utilizing a Reg S exemption from registration.
Digital Assets: REINNO Offers Investors $237M In Tokenized Commercial Real Estate
REINNO intends to disrupt commercial real estate investing by breaking down the financial barriers which limit entry to the small guy. REINNO’s platform offers tokenization of real estate, loans against tokenized real estate, and a marketplace for property owners to list the token offerings. It announced Thursday the launch of its marketplace for tokenized commercial real estate with five offerings worth over $ 237 million.
Alternative Investments/ESG: Here’s Japan’s First ESG-Focused REIT ETF From Nikko
The Listed Index Fund Nikkei ESG REIT (2566 JP) launched by Nikko Asset Management has begun to trade on the Tokyo Stock Exchange with effect from September 7. It is the first Japanese ETF that provides investors the opportunity to invest in the country’s real estate investment trust market with a sustainable approach.
Digital Assets: Vertalo to Tokenize Real Estate in Mexico and Canada
MountX Real Estate Capital is a proptech investment platform that provides access to investment opportunities backed by institutional-quality real estate assets in Canada. The firm has partnered with Vertalo, a digital transfer agent that specializes in the tokenization of assets, to design and launch over 15 digital real estate projects in Mexico and Canada.
Real Estate: Commercial Real Estate Landlords Partner with Flex Space
Real Estate: Commercial Real Estate Landlords Partner with Flex Space Demand is rising for flexible and spacious commercial real estate. Consequently, landlords are paying attention to these flex spaces and investing in them. Flexible office spaces are rising in demand mainly due to their dynamic and collaborative environments. Landlords are now partnering with flex-space operators…
Alternative Investments: SEC Revamps Definition of “Accredited Investor” For Private Capital Markets
The SEC on Wednesday amended its definition of “accredited investor,” a term that drew a line between high-earning, deep-pocketed investors and retail investors for access to often lucrative opportunities in the private capital markets. Also known as “alternative investments,” these markets include, for example, venture capital, hedge funds, private equity, and real estate.
Alternative Investments/Real Estate: The New Guardian i3 Global REIT ETF
The inaugural suite of five ETFs from Guardian Capital comprises two Directed Outcomes solutions that combine high conviction ideas with derivative overlays to seek high income and risk mitigation and three i3 funds that use artificial intelligence to deliver superior risk-adjusted returns. One of the ETFs in Guardian’s new suite is the Guardian i3 Global REIT ETF, an ETF focused on the global real estate market.
Blackstone Invests in South Florida Real Estate
Real Estate Boon Amid Pandemic. Blackstone Group announced its completion of a real estate transaction with Elion Partners, which includes industrial properties in Broward County. The deal encompasses warehouses located in Weston, Coral Springs, and Pompano Beach. Elion Partners initially paid $35 million for these properties in 2018 and 2019. Medical devices company Venus Concept…
Venture Capital/Real Estate: MetaProp Launches Fourth Fund Targeting $200M
MetaProp, the NYC-based VC firm that backs startups in the field of real estate technology, is back in the market with a $200 million fund. Titled MetaProp Growth Select I, the fund will target more mature startups in the field. MetaProp co-founder Aaron Block will manage the fund.
Real Estate: Foreign Buying of U.S. Properties Has Glim 2020 Outlook
COVID-19 is sparking a critical decline of overseas buyer interest. Foreign buyers have historically been a large part of the United States real estate market. Lately, however, the size and scope of foreign buyers has been declining. Even worse, the Coronavirus pandemic could exacerbate this trend as international buyers step away from the market. In…
Alternative Investments/Real Estate: HOMZ ETF Issuer To Ring NYSE Closing Bell To Mark Fee Cut
The Hoya Capital Housing ETF (NYSE: HOMZ) announced Wednesday a cut in its expense ratio from 0.45% to 0.30%, effective from August 1, 2020. It claimed that it has the distinction of being the lowest-cost ETF in FactSet’s Equity (U.S. Homebuilding segment).
Real Estate: Seller’s Market Sparked by Corona-Infused Dynamics
Sales Closing Above Asking Prices. As a result of the COVID-19 pandemic, real estate industry observers are seeing a seller’s market pervade the space. According to Zillow economist Jeff Tucker, “This spring we saw listings fall off the cliff. Everyone was hunkering down wondering what’s happening to the housing market…These buyers motivated by low…
Real Assets Investing Through REITs
“We desperately need income, but we are in a yieldless world,” writes analyst Jussi Askola in “The New Gold Rush.” Zero or negative interest rates are going to push investors into real assets.
Real Estate: Microsoft and Samsung in Transforming Digital Move
REAL ESTATE MANAGEMENT GOES DIGITAL. Samsung and Microsoft are teaming up to transform the property management industry through smart appliances and digital cloud technologies. The goal of this partnership is to improve operations for buildings and maintenance and residents. Samsung’s SmartThings platform will assist in building operations, asset management, and energy efficiency. Samsung’s smart home…
Alternative Investments: A Pivotal Change in Trend of New Home Sales? Homebuilder ETFs To Consider
The pandemic sparked whole new trends including a massive jump in online ordering and digital payments, the wholesale conversion to “work-from-home,” and the decimation of business prospects for movie theaters and restaurants. But homebuilders may be in clover.
Alternative Investment: Outlook On Real Estate ETFs; Is The Worst Over?
A report by Globe St. com quoted a survey result by RCLCO Real Estate Advisors. The survey said that real estate industry leaders thought the worst of COVID-driven real estate market declines sustained during the first six months this year may be behind us.
Real Estate: Kayne Anderson Raising $2 Billion for Sixth Fund
Kayne Anderson Capital Advisors is seeking to secure its sixth real estate fund by raising $2 billion. The goal of this fund is to focus on investments in student housing, and has received support from the Teachers’ Retirement System of Louisiana. This includes a $50 million investment in the fund. Strategy As a result of…
Real Estate: Angelo Gordon Raises Over $1.5 Billion for Europe Fund
Angelo Gordon, a global alternative investment firm, raised more than $1.5 billion for a real estate fund. After surpassing the $1.2 billion target, the real estate fund will focus on undervalued assets to add to its portfolio. Angelo Gordon currently manages $35 billion reaching across credit and real estate markets. Since 2009, Angelo Gordon has…
Real Estate: Blackstone Eyes a New Approach to Real Estate Investment
Real estate investors at Blackstone Group are getting into show business. As one of the world’s leading investment management firms, Blackstone is looking to expand its portfolio in the real estate sector. Specifically, the company is keeping a close eye on production sites and warehouses used by companies like Netflix and Disney for production. One of…
Granite Real Estate Investment Trust to Buy $246.1 Million in Properties
Granite Real Estate Investment Trust (GRP-UN) announced it will acquire eight income-producing properties in the United States. The deal comprises approximately 4.0 million square feet at a combined purchase price of approximately $246.1 million.
The Acquisitions represent an in-going weighted average yield of approximately 5.5% and are fully leased with a weighted average lease term of 5.1 years to a diverse range of strong tenants.
REITS: The Pay Cuts are Coming
The impact of COVID-19 has been drastic at many real estate investment trusts. Rents are not being paid in offices, malls, and other commercial real estate properties across the country. Many REITs have reduced or eliminated their dividends as cash flow began disappearing when the economy began to shut down to prevent the spread of the coronavirus.
Real Estate: Blackstone Mortgage Trust Announces Public Offering
Blackstone Mortgage Trust (NASDAQ: BXMT) announced the pricing of an underwritten public offering of 10,000,000 shares of its class A common stock.
The underwriters have been granted a 30-day option by the Company to purchase up to an additional 1,500,000 shares. The offering is expected to close on June 11, 2020, and is subject to customary closing conditions. The total estimated gross proceeds of the offering are approximately $282.0 million or roughly $324.3 million if the underwriters exercise their option to purchase additional shares in full.
Real Estate: Trepp Says Delinquency Rate Increased in May
Trepp, a leading data provider and analytics firm serving the commercial real estate industry, issued a report on the state of the commercial real estate mortgage security (CMBS) markets this week.
Net Leased Real Estate – What’s Happening in Major U.S. Markets?
Net leased real estate continued to attract investor attention in the first quarter of 2020. According to the latest report from commercial real estate services and investment company CBRE Group (CBRE), Net-lease investment volume increased by 34.6% to $78.9 billion from the first quarter of 2019 to the first quarter of 2020. That is the highest increase on record, according to CBRE. While volumes may decline in the second quarter due to the economic shut down caused by the COVID-19 pandemic, investors are still clearly favoring this asset class.