Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Black Swan Advisors (BSA) Releases Second Study on Non Traded REITS (NTRs), Focusing on 15 Target States for NTR Investments: Fly Over States Have Highest Growth Rates
  • USA - English


News provided by

Black Swan Advisors

Mar 02, 2017, 07:00 ET

Share this article

Share toX

Share this article

Share toX

(PRWEB) March 02, 2017 -- Central US (AKA Fly-over Country) is the #1 Target Market by Non Traded Reits (NTRs) for new Real Estate Investments. Black Swan Advisors Releases New Study of Population and Job Growth Rates in Target States.

Black Swan Advisors (BSA) http://www.blackswanadvisors.net, long known for its in-depth analysis of the financial condition of the home building industry, has recently completed a similar study of the Non Traded REIT Industry (NTRs). As part of that NTR Study (Study 1), BSA has reviewed the population and job growth records for those states which are home to many of the NTR properties. These 2 Studies provide the evidence of why Fly-Over Country is a preferred location for new real estate investments. BSA is using these studies as the core of its guidance to clients interested in making new investments in NTRs and to the current shareholders of those NTRs looking for an exit strategy.

The investment strategy of NTRs has been to acquire projects in faster growing states with much lower acquisition costs (higher cap. rates) so that higher dividends could be paid to shareholders. BSA has acquired population and job growth statistics from the Bureau of Labor Statistics (BLS) for the period 2010 thru 2015. From property data available in the 10Ks/other public filings of the NTRs we have been able to identify the most frequently chosen state markets (target states), which led BSA to formulate the attached chart (full chart available on BSA website (http://www.blackswanadvisors.net).

This chart demonstrates the following for the 5 year time frame:
1. The top 15 target states experienced a 5.71% growth in population while the lower 20 target states (including California, New York, Illinois, Connecticut, etc.) experienced a 2.6% growth in population over the same time period.
2. The size of the labor force in the top 15 states grew at a rate of 3.3% while the lowest 20 states had a 1.3% growth rate. This confirms that the growth in population is made up of well educated, willing to work employees of all types and ages. People are moving to these states for new, high paying jobs in lower cost of living areas.
3. This movement confirms that while companies want to move to lower cost of operation states, their employees will move with them to achieve a better quality of life, including a much lower cost of living.

Given the significant differences in these growth rates these trends are unlikely to change direction for the foreseeable future. Demographic trends do not turn on a dime. What is important here is that not only are people and jobs moving, but so are politics and money. 70% of all states now have a majority of GOP control of the 2 state houses, the governorships, and federal positions such as congressman and senators.

As reported in Study 1, the evidence suggests that this population movement is inspired by several very real economic conditions as follows:

1. Better job opportunities as provided in Right to Work states
2. Lower costs of living across the full spread of these states
3. Lower combined tax rates, including a combination of income taxes, estate taxes, property taxes, sales taxes, and others as applicable.
4. A much lower level of regulatory control by legislatures
5. Balanced budgets in many of these states, indicating that future tax rates are unlikely to rise as much as other states

In summary, NTRs have been investing in faster growing states with more stable politics in place. Hence the state GDP of each of these states should grow at a faster rate than the US rate, currently at 1.2 to 1.5% per annum.

Further, the recent election results has improved the investment prospects for these states. The election results themselves have validated the changing demographics of many states with increasing populations based on the following characteristics:

1. Revival of manufacturing in states which used to be manufacturing centers.
2. Rebuilding the military, which will generate manufacturing of defense contractors and increase research into new technologies.
3. Lower overall tax rates, lower costs of operation.
4. Reduced environmental constraints on new job creation.
5. More balanced state budgets leading to fewer tax increases in the future.
6. All these attributes will lead to faster state GDP growth, resulting in more rapid increases in demand for existing real estate products.

Based on these 2 Studies, BSA has identified a number of strong new opportunities to invest in NTRs. Interested parties should contact BSA for further discussions regarding these opportunities.

On a very limited basis, BSA may be able to assist existing retail shareholders with liquidation or other investment strategies. See Study 1 for further supporting evidence.
The BSA Studies are not publicly available, and may only be accessed as a client of BSA. For additional information, contact:
Charles J. McLaughlin
President

Charles J. McLaughlin, Black Swan Advisors, +1 (949) 351-3943, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.