Cannabis real estate investment trust Innovative Industrial Properties Inc. said late Thursday that it plans to sell 2 million shares of its common stock. At Thursday's closing price of $79.44 that would amount to about $158.9 million. Innovative Industrial Properties fell 4% in the extended session Thursday. The company said it plans to use the cash to invest in further weed-related real estate assets and for general corporate purposes. The company's bankers have the option to buy another 300,000 shares and the company is selling all of the stock.
It also said that, for the first time, buyouts have emerged as the primary PE/VC deal type, overtaking growth capital deals and accounting,for 34% of all PE/VC investments by value in 2019.
Goldman Sachs Says It Won't Take Companies Public Without At Least One 'diverse' Director; It Should Have Gone Further - Techcrunch
Some of the biggest banks in the United States are among the most powerful institutions in the world. But like every incumbent, they still have to hustle to stay relevant. Morgan Stanley has increasingly gotten behind investors who say they want to see more direct listings, for example. Some of those investors wield a lot [...]
NEWPORT BEACH, Calif., Jan. 23, 2020 /PRNewswire/ -- Industry innovator Ken Kladouris has joined CREW Orange County, which is the premier business network for commercial real estate professionals. The non-profit organization is committed to the advancement of women in commercial real estate, which is traditionally a male dominated industry. Much like the field of wealth management, commercial real estate is seeing a shift that is liberating for females who are challenging the status quo to help balance the playing field on their career paths.
Village Roadshow has received a $770 million takeover offer from private equity group BGH Capital, sparking a potential bidding war for the beleaguered cinema and theme park operator.
SAN FRANCISCO, CA, Socotra announced today that it has raised $15.2 million in a Series B funding round.
Legendary Investor Bill Miller Scored 120% Returns Though He Did 'nothing' In The Last Months Of 2019 | Markets Insider
In a year where active management struggled, Bill Miller's hedge fund returned 120% in 2019, Bloomberg reported Thursday. Miller's hedge fund left the names in its basket untouched in the last quarter, Miller said in a letter to investors reviewed by Bloomberg. Miller expects the stock market bull-run to continue into 2020. Visit Business Insider's homepage for more stories. The typical hedge fund failed to post returns in the double-digits, much less beat the S&P 500, in 2019.
ConnectDER, a startup with a smart meter socket device that's been deployed in the thousands by select U.S. utilities to support distributed solar, has closed a $7 million series B round round to help roll out a new version of its system targeting behind-the-meter batteries and plug-in electric cars. This week's round was led by Clean Energy Ventures, Skyview Ventures and Avista Development, the unregulated arm of Pacific Northwest utility Avista.
PHILADELPHIA, Jan. 23, 2020 /PRNewswire/ -- Berger Montague announces that it is investigating claims on behalf of investors in TCA Global Credit Master Fund, the main credit hedge fund of TCA Fund Management Group Corp. If you wish to discuss your investment in the TCA Global Credit...
Impact investing is increasingly popular among institutional investors and private equity funds. What does it mean for office owners? : While impact investing has become trendy among institutional and large private equity investors, it also "makes good business sense," according to Eric Enloe, managing director in charge of capital markets valuation nationally with real estate services firm JLL. Technology and Fortune 500 companies, which are generating growth in office occupancies nationwide, require environmentally-friendly office spaces, and so are driving this investor trend, Enloe notes.