Starwood REIT Reports 1.7% NAV Decline in March
In March 2024, Starwood Real Estate Income Trust Inc. saw a 1.7% decline in its total net asset value, dropping from approximately $10.21 billion in February to $10.04 billion. During this period, the trust met only 24% of the shareholder redemption requests. Each class of shares experienced a decrease in NAV per share, with Class S, T, D, and I shares all decreasing between 0.26% to 0.31%.
Featured Articles
Greenbacker Raises $263M, Secures $437M for Wind Energy Upgrades
April 25, 2024
Greenbacker Renewable Energy Company LLC, a leading climate-focused investment manager, has successfully secured $437 million in financing to repower two utility-scale wind projects in Iowa and perform a crucial equipment update at its largest wind farm in Minnesota. These upgrades, marking significant milestones in energy transition, are among the first to benefit from a 30% investment tax credit and an additional 10% domestic content bonus under the Inflation Reduction Act, using U.S.-manufactured components like turbine blades and hubs.
BREIT Reports Preliminary 4% Increase in Q1 2024 NOI and Updates Monthly Share Values
April 24, 2024
In Q1 2024, BREIT reported a preliminary 4% increase in same property NOI and updated its share values, noting modest increases across various classes and a total NAV of $59.3 billion as of March end.
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Walton Global Drives Growth with Strategic Land Sales Near Atlanta
April 15, 2024
Walton Global sold three parcels in the Parkside Master Planned Community near Atlanta, advancing residential and commercial development in the area.
Walton Global, an asset management and global real estate investment firm, has recently facilitated the sale of three land parcels within the 64-acre Parkside Master Planned Community, located just northeast of Atlanta in Barrow County, Georgia.
Non-Traded Alternative Investments See Significant Increase in Q1 2024
April 23, 2024
In Q1 2024, non-traded alternative investment fundraising reached nearly $27 billion, up 69% from the previous year, led by non-traded BDCs and interval funds.
Announcements
Carter Multifamily has partnered with iCapital
December 1, 2023
Carter Multifamily has partnered with iCapital, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, to provide financial professionals with alternative investment education and compliance training. Filing Link → News Link →
iCapital and Trimera LLC have partnered
December 1, 2023
iCapital, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and Trimera LLC have partnered to provide financial professionals with alternative investment education and compliance training. Filing Link → News Link →
Ridgewood and Seedbrite Ventures LLC have partnered
December 1, 2023
Ridgewood, the second-place global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and Seedbrite Ventures LLC have partnered to provide financial professionals with alternative investment education and compliance training. Filing Link → News Link →
Red Oak and SynerFuse, Inc. have partnered
December 1, 2023
Red Oak, the distant third-place global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and SynerFuse, Inc. have partnered to provide financial professionals with alternative investment education and compliance training. Filing Link → News Link →
SEC Charges AI Start-Up Founder with Investor Fraud
April 22, 2024
The SEC has charged Centricity Inc. founder Michael Brackett with defrauding investors of $2.8 million and misusing company funds for personal expenses.
