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Which two nontraded REITs that invest in parking facilities have agreed to merge?

High Yielders in Interval Fund / Nontraded CEFs

August 15, 2017

Two funds covered in Blue Vault’s Interval Fund and Nontraded CEF Review have distribution yields over 10%.    Stone Ridge Trust Risk Reinsurance Premium (interval fund) – has a yield of 11.97% Priority Income Fund (nontraded CEF) – has a yield of 10.24% on I-shares   Learn more about Blue Vault’s Interval Fund and Nontraded …

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How did the median distribution yields for closed nontraded REIT programs in Q1 2017 compare to the average dividend yields for traded equity REITs?

August 7, 2017

How did the median distribution yields for closed nontraded REIT programs in Q1 2017 compare to the average dividend yields for traded equity REITs? Answer:  The median distribution yield, based on the original offering prices for nontraded REIT shares in Q1 2017 was 6.15%.  The average dividend yield for FTSE NAREIT All Equity REITs was …

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Which former nontraded REIT ranks 10th globally in the amount of industrial space owned as of December 31, 2016, according to National Real Estate Investor?

August 2, 2017

Which former nontraded REIT ranks 10th globally in the amount of industrial space owned as of December 31, 2016, according to National Real Estate Investor? DCT Industrial Trust has 74,000,000 square feet of industrial space according to NREI's report released July 27, 2017, and ranks 10th globally among all owners of industrial real estate.  DCT …

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Capital raise for interval funds and nontraded CEFs was well over $3 billion so far in 2017. You’ve probably never heard of the number one capital raiser. Find out who…

July 18, 2017

Capital raise for interval funds and nontraded CEFs was well over $3 billion so far in 2017. You’ve probably never heard of the number one capital raiser. Find out who… Answer: Stone Ridge Alternative Lending raised $1.9 billion in its Fiscal Year 2017. *Capital raise has not been reported by nearly one-third of funds, due …

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There’s a fund for that…

July 11, 2017

There’s an app fund for that… At Blue Vault, we’ve identified 15 or more different strategies or asset classes that interval funds and nontraded CEFs invest in, including but not limited to: Real estate private equity Real estate lending Corporate credit Venture capital Private equity fund of funds Hedge funds Personal online lending Insurance-linked securities …

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Which five nontraded REITs raised a combined capital of $980.5 Million in Q1 2017?

July 11, 2017

Which five nontraded REITs raised a combined capital of $980.5 Million in Q1 2017?   Blackstone Real Estate Income Trust, Inc. $482.8 Million Carey Watermark Investors 2 Inc. $210.0 Million Strategic Storage Growth Trust, Inc. $134.1 Million Carter Validus Mission Critical REIT II, Inc. $76.9 Million Griffin-American Healthcare REIT IV, Inc. $76.7 Million  

Which REIT was formed in June 2005 and approved a plan of liquidation on January 27, 2017, to sell all of the company’s assets, pay the company’s debts and distribute the net proceeds to shareholders?

June 30, 2017

Which REIT was formed in June 2005 and approved a plan of liquidation on January 27, 2017, to sell all of the company’s assets, pay the company’s debts and distribute the net proceeds to shareholders? Answer: KBS Real Estate Investment Trust, Inc. Learn more about KBS Capital Markets Group on our Sponsor Focus page.  Click …

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Which nontraded REIT Sponsors have raised the most capital since 1990?

June 29, 2017

Which nontraded REIT Sponsors have raised the most capital since 1990?   AR Global (American Realty Capital) Inland Real Estate Investment Corporation Cole Capital Wells Real Estate Funds CNL Financial Group Learn more about the sponsors above by clicking our Sponsor Focus page.  Click Here

At a special meeting of shareholders on May 24, 2017, a merger of two nontraded REITs was approved. Which two REITs will merge under the agreement?

June 26, 2017

At a special meeting of shareholders on May 24, 2017, a merger of two nontraded REITs was approved. Which two REITs will merge under the agreement? Answer:  Moody National REIT I and Moody National REIT II. Learn more about Moody National Companies on our Sponsor Focus page.  Click Here Moody National REIT I Sets Merger …

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Two nontraded REITs focused on parking assets recently announced plans to merge, subject to shareholder approval. Which nontraded REITs are they?

June 19, 2017

Two nontraded REITs focused on parking assets recently announced plans to merge, subject to shareholder approval. Which nontraded REITs are they? Answer: MVP REIT will merge into MVP REIT II if approved by shareholders. Learn more about MVP REIT on our Sponsor Focus page.  Click Here MVP REIT and MVP REIT II Announce Definitive Merger …

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Sector-focused and specialty BDCs hold 19.2% of the market share, while diversified debt BDCs maintain the rest. Find out who the specialty and sector-focused BDCs are:

June 13, 2017

Sector-focused and specialty BDCs hold 19.2% of the market share, while diversified debt BDCs maintain the rest. Find out who the specialty and sector-focused BDCs are: Answer: • FS Energy and Power Fund – Energy sector focus • NexPoint Capital, Inc. – Healthcare sector focus • Terra Income Fund 6, Inc. – Real estate debt …

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Did you know that Blue Vault releases individual nontraded REIT pages (performance pages) as they are completed by Blue Vault. We do not wait…

June 7, 2017

Did you know that Blue Vault releases individual nontraded REIT pages (performance pages) as they are completed by Blue Vault. We do not wait… to complete the full quarterly NTR Review (approx. 100 pages) until every piece of the Review is completed. By doing so, we can get individual REIT offerings and their quarterly performance …

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Industrial Property Trust, Inc., an NTR with 242 industrial properties as of September 30, 2016, has only one tenant that represents more than 2.8% of rental revenues. Which tenant rents 2.0% of the REIT’s GLA and represents 2.9% of rental revenues?

May 30, 2017

Industrial Property Trust, Inc., an NTR with 242 industrial properties as of September 30, 2016, has only one tenant that represents more than 2.8% of rental revenues. Which tenant rents 2.0% of the REIT’s GLA and represents 2.9% of rental revenues? Answer:  FedEx Corp.

Selling commission and dealer manager fees for all…

May 17, 2017

Selling commission and dealer manager fees for all… open nontraded REITs are now available in the Nontraded REIT Industry Review. These can be found on the top right hand side of each individual page for Open REITs.

What is the only Blue Vault publication available in print format?

May 16, 2017

What is the only Blue Vault publication available in print format? Answer: The Nontraded REIT Industry Review is the only publication available in print format. The Nontraded BDC and IFCEF Reviews, as well as all other nontraded REIT studies are online publications only.

Blue Vault is pleased to release the Full Q4 2016 Industry Review containing…

May 9, 2017

Blue Vault is pleased to release the Full Q4 2016 Industry Review containing… Each of the following sections of data: Individual Performance Pages Industry Sales Data LifeStage Summaries Full-Cycle Listings and Events Industry Data Top Line Assessment Effective Nontraded REITs with Limited Operating Results               Look for your Print …

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Blue Vault is pleased to release the Q4 2016 Industry Sales Summary report…

May 2, 2017

Blue Vault is pleased to release the Q4 2016 Industry Sales Summary report… outlining 4th quarter 2016 capital raise data, as well as total 2016 yearly capital raise data. Capital raise is broken down by industry, sponsor and REIT offering, and evaluated by year, dating back to 1990. We hope you enjoy Blue Vault’s expanded …

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With a sliding scale of selling commissions for volume purchases of nontraded REIT shares, what happens to the net proceeds per share when selling commissions fall?

April 27, 2017

With a sliding scale of selling commissions for volume purchases of nontraded REIT shares, what happens to the net proceeds per share when selling commissions fall? Answer: Net proceeds per share remain the same as selling commissions fall because the effective purchase price per share falls with the selling commissions  

Did you know that Blue Vault releases individual nontraded REIT pages (performance pages) as they are completed by Blue Vault. We do not wait

April 18, 2017

Did you know that Blue Vault releases individual nontraded REIT pages (performance pages) as they are completed by Blue Vault. We do not wait to complete the full quarterly NTR Review (approx. 95 pages) until every piece of the Review is completed. By doing so, we can get individual REIT offerings and their quarterly performance …

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Which has more impact on the average rate of return for a stockholder in a nontraded REIT, assuming an eight-year holding period, an elimination of acquisition fees of 1.00% or a reduction of asset management fees of 0.20%?

April 13, 2017

Which has more impact on the average rate of return for a stockholder in a nontraded REIT, assuming an eight-year holding period, an elimination of acquisition fees of 1.00% or a reduction of asset management fees of 0.20%? Answer: The reduction in asset management fees has more impact, increasing average shareholder returns by roughly 0.20% …

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In an informal poll of 42 top personnel from leading Broker Dealer and Sponsor attendees of the Blue Vault 2017 Broker Dealer Educational Summit, what percent believe the Trump administration have a positive impact on the IBD industry during the next four years?

April 10, 2017

In an informal poll of 42 top personnel from leading Broker Dealer and Sponsor attendees of the Blue Vault 2017 Broker Dealer Educational Summit, what percent believe the Trump administration have a positive impact on the IBD industry during the next four years? Answer: 90%, or 38 of 42, believe that Yes, Trump's administration will …

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If a nontraded REIT gives shareholders a 1% stock dividend in a particular year and has a 5.00% distribution yield based upon the original offering price prior to the distribution, by how much does the effective distribution yield increase for stockholders following the stock distribution?

April 6, 2017

If a nontraded REIT gives shareholders a 1% stock dividend in a particular year and has a 5.00% distribution yield based upon the original offering price prior to the distribution, by how much does the effective distribution yield increase for stockholders following the stock distribution? Answer: 0.07% annualized

Three funds that Blue Vault tracks invest in online peer-to-peer lending. What funds?

April 4, 2017

Three funds that Blue Vault tracks invest in online peer-to-peer lending. What funds?  Answer: These funds invest in online lending (peer-to-peer lending networks) Prospect Marketplace Lending Fund, a nontraded CEF GuideMark Alternative Lending Income Fund, an interval fund RiverNorth Marketplace Lending Fund, an interval fund

Which two nontraded REITs from the same sponsor approved a merger in February?

April 3, 2017

Which two nontraded REITs from the same sponsor approved a merger in February? Answer: American Finance Trust, Inc. (“AFIN”) and American Realty Capital—Retail Centers of America, Inc. (“RCA”) became effective February 16, 2017 Learn more about AR Global on our Sponsor Focus page.  Click Here

As of March 1, two traded REIT sectors trading at premiums to NAV above 9% were also the two sectors in which two particular nontraded REITs concentrate their current investments. What are the sectors and which two NTRs focus in those sectors?

March 27, 2017

As of March 1, two traded REIT sectors trading at premiums to NAV above 9% were also the two sectors in which two particular nontraded REITs concentrate their current investments. What are the sectors and which two NTRs focus in those sectors? Answer:  Healthcare (13.4% median premium to NAV) and Data Centers (9.5% premium to …

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Blue Vault’s Broker Dealer Partners will attend its upcoming March 13-15 Summit to hear from 16 alternative investment sponsors and conduct their own due diligence on the sponsors and the securities offerings they sell on behalf of their financial advisors. One of the more unique parts of the Blue Vault Summit is the private interaction conducted by the attending Broker Dealers immediately following each sponsor presentation.

March 2, 2017

Blue Vault’s Broker Dealer Partners will attend its upcoming March 13-15 Summit to hear from 16 alternative investment sponsors and conduct their own due diligence on the sponsors and the securities offerings they sell on behalf of their financial advisors.  One of the more unique parts of the Blue Vault Summit is the private interaction …

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Which nontraded REIT had an original offering price of $10.00 per share in November, 2009 and had an NAV per share of $14.81 as of September 30, 2016?

February 14, 2017

Which nontraded REIT had an original offering price of $10.00 per share in November, 2009 and had an NAV per share of $14.81 as of September 30, 2016? Answer:  KBS Strategic Opportunity REIT, Inc. announced the NAV per share as of September 30, 2016, on December 15, 2016. Learn more about KBS Capital Markets Group on …

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Which nontraded REIT announced a new NAV on January 11, 2017 of $13.15 per share as of September 30, 2016, compared to the previous NAV per share of $12.40 as of December 31, 2015?

February 13, 2017

Which nontraded REIT announced a new NAV on January 11, 2017 of $13.15 per share as of September 30, 2016, compared to the previous NAV per share of $12.40 as of December 31, 2015? Answer:  Hartman Short Term Income Properties XX, Inc. Learn more about Hartman Advisors, LLC on our Sponsor Focus page.  Click Here

16 leading alternative investment product sponsors are attending Blue Vault’s 2017 Educational Broker Dealer Summit in March to discuss their performance with the independent channel’s top Broker Dealers. Is your Broker Dealer attending?

February 3, 2017

16 leading alternative investment product sponsors are attending Blue Vault’s 2017 Educational Broker Dealer Summit in March to discuss their performance with the independent channel’s top Broker Dealers.  Is your Broker Dealer attending?

How many assets under management do effective interval funds have?

January 24, 2017

How many assets under management do effective interval funds have? Answer: There are 20 effective interval funds with $9.2 billion under management. Learn more about our Interval Fund and Nontraded CEF Review by clicking the button below.  Click Here

Blue Vault will host it's 3rd Annual Broker Dealer Educational Summit in Atlanta, March 13-15. Leading Broker Dealers will hear from leading product sponsors, as well as, meet to dialogue about alternative investment performance and education.

January 19, 2017

Blue Vault will host it's 3rd Annual Broker Dealer Educational Summit in Atlanta, March 13-15. Leading Broker Dealers will hear from leading product sponsors, as well as, meet to dialogue about alternative investment performance and education.

Which nontraded REIT program is currently raising funds through wire houses and broke escrow with approximately $279 million in net proceeds from its continuous public offering?

January 16, 2017

Which nontraded REIT program is currently raising funds through wire houses and broke escrow with approximately $279 million in net proceeds from its continuous public offering? Blackstone Real Estate Income Trust, Inc. announced that the offering had raised sufficient funds to break escrow as of January 1, 2017. Recent News about Blackstone Schwarzman: Blackstone an …

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Several REITs are paying the trailing stockholder servicing fees associated with Class T shares from REIT funds rather than as deductions from Class T distributions. Can you name one of the current offerings which includes this payment?

January 12, 2017

Several REITs are paying the trailing stockholder servicing fees associated with Class T shares from REIT funds rather than as deductions from Class T distributions. Can you name one of the current offerings which includes this payment? Griffin-American Healthcare REIT IV, Inc. pays the dealer manager a stockholder servicing fee that accrues daily in the …

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How many BDCs had YTD total returns of 10% or more through Q3 2016?

January 11, 2017

How many BDCs had YTD total returns of 10% or more through Q3 2016?  Seven BDCs had unannualized returns of 10% or more through Q3 2016. Find out more in the Q3 2016 Nontraded BDC Industry Review. Learn more about the Blue Vault's nontraded BDC research by clicking here.

What is an “RSU” or restricted stock unit in a nontraded REIT prospectus?

January 3, 2017

What is an “RSU” or restricted stock unit in a nontraded REIT prospectus? The “RSU” is a right that is granted the Advisor and the personnel of the Advisor and its affiliates to promote retention of the personnel and alignment of their interests with the REIT’s stockholders. They are subject to specified vesting and settlement …

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Which nontraded REIT program used convertible preferred shares for which the sponsor had paid $48,000 and that resulted in the payment of approximately $5.8 million in cash and the issuance of approximately 3.0 million shares of the listed company after a full-cycle event?

January 3, 2017

Which nontraded REIT program used convertible preferred shares for which the sponsor had paid $48,000 and that resulted in the payment of approximately $5.8 million in cash and the issuance of approximately 3.0 million shares of the listed company after a full-cycle event? Apple REIT Ten merged with Apple Hospitality and the sponsor received roughly …

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Blue Vault wishes you a very Merry Christmas and a Happy New Year.

December 21, 2016

Blue Vault wishes you a very Merry Christmas and a Happy New Year. The Blue Vault office closed at 1:00pm EST today and will reopen on Tuesday, December 27. The office will also close at 1:00pm EST on Friday, December 30 and reopen on Monday, January 2, 2017. The Blue Vault NewsWire will not be …

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What are “OP Units” in a nontraded REIT offering prospectus?

December 20, 2016

What are “OP Units” in a nontraded REIT offering prospectus? Operating Partnership Units are authorized by the board of directors and issued to managers to give them an incentive to maximize shareholder values.  They are convertible into common shares under certain conditions.

Two nontraded BDCs have a focus on real estate-related investments. See the two BDCs that have a real estate focus.

December 14, 2016

Two nontraded BDCs have a focus on real estate-related investments. Terra Income Fund 6, Inc. and MacKenzie Realty Capital have different investing strategies, but both focus on real estate-related investments. Terra Income Fund 6 is sponsored by Terra Capital Partners. Learn more about Terra Capital Partners on our Sponsor Focus page.   Click Here   …

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When calculating the average rate of return over the life of a nontraded REIT program, which group of investors have the higher average rate of return when a program has a full-liquidity event and an associated capital gain on its common shares?

December 8, 2016

When calculating the average rate of return over the life of a nontraded REIT program, which group of investors have the higher average rate of return when a program has a full-liquidity event and an associated capital gain on its common shares? When there is a capital gain on a nontraded REIT’s common shares, those …

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Why might the average selling commission percentage for a public offering of nontraded REIT shares be lower than the commission rate quoted for a $500,000 investment?

December 5, 2016

Why might the average selling commission percentage for a public offering of nontraded REIT shares be lower than the commission rate quoted for a $500,000 investment? Most programs offer a sliding scale of commission rates for larger purchases, resulting in a lower average selling commission rate for the offering.  

With over 90% of its offering period elapsed, which nontraded REIT program among open offerings had raised the highest percentage of its maximum offering at the latest report?

December 1, 2016

With over 90% of its offering period elapsed, which nontraded REIT program among open offerings had raised the highest percentage of its maximum offering at the latest report? Industrial Property Trust had raised $1.42 billion in its primary offering as of September 30, 2016, of the $1.5 billion authorized.   Industrial Property Trust in Blue …

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Only one nontraded BDC has annualized operating expenses below 3%.

November 29, 2016

Only one nontraded BDC has annualized operating expenses below 3%. CĪON Investment Corp. has an annualized operating expense ratio of 2.9%, which is the lowest in the industry.     CĪON Investment Corp is sponsored by CĪON Investment Group, learn more on our Sponsor Focus Page.     Sponsor Corner - An Article by CĪON How …

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Which current nontraded REIT program recently eliminated acquisition, disposition and financing coordination fees?

November 28, 2016

Which current nontraded REIT program recently eliminated acquisition, disposition and financing coordination fees? Inland Residential Properties Trust Inland Residential Property Trust is sponsored by Inland Real Estate Investment Corporation. Learn more by visiting Blue Vault's Inland Sponsor Focus page.   In the news... Inland Residential Properties Trust, Inc. Satisfies Escrow Requirements Inland Executive Says Multifamily Demand …

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Which current nontraded REIT offerings have asset management fees which combine an annual fixed component rate plus an incentive rate based on annual performance?

November 21, 2016

Which current nontraded REIT offerings have asset management fees which combine an annual fixed component rate plus an incentive rate based on annual performance? RREEF Property Trust Dividend Capital Diversified Property Fund Jones Lang LaSalle Income Property Trust Blackstone Real Estate Income Trust. Learn more about nontraded REIT fees in Blue Vault's latest publication, "Nontraded …

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Which nontraded REIT program’s board voted to suspend its cash distributions in April 2016 and pay distributions in stock at an annualized rate of 7.16% based upon its then DRIP price?

November 18, 2016

Which nontraded REIT program’s board voted to suspend its cash distributions in April 2016 and pay distributions in stock at an annualized rate of 7.16% based upon its then DRIP price? Answer:  American Realty Capital Hospitality Trust , Inc.  Distributions for the quarter ended June 30, 2016 were paid in common stock in an amount …

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How many different ways do the 30 open offerings as of September 30, 2016, calculate the “Asset Management Fees” or “Advisory Fees” for managing the REIT’s portfolio?

November 7, 2016

How many different ways do the 30 open offerings as of September 30, 2016, calculate the “Asset Management Fees” or “Advisory Fees” for managing the REIT’s portfolio? There are at least 12 different methods or explanations used by the current offerings to calculate the Asset Management Fees according to the latest filings. Learn about these …

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Which category of “issuer costs” has only an estimated percentage of offering proceeds, depending upon the actual proceeds compared to the maximum authorized capital raise?

November 3, 2016

Which category of “issuer costs” has only an estimated percentage of offering proceeds, depending upon the actual proceeds compared to the maximum authorized capital raise? Additional offering and organizational costs, sometimes referred to as “issuer costs,” which are also paid from the offering proceeds in addition to selling commissions and broker dealer fees.

Of the 30 open nontraded REIT offerings as of September 30, 2016, how many had a continuous offering with either daily or monthly revisions to NAV and offering prices for their common shares?

October 31, 2016

Of the 30 open nontraded REIT offerings as of September 30, 2016, how many had a continuous offering with either daily or monthly revisions to NAV and offering prices for their common shares? There were 30 open Nontraded REIT offerings as of September 30, 2016. Of those, five were continuous offerings of daily NAV products …

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How does the $5.0 billion offering (including DRIP) that was filed by Blackstone in August 2016 compare to the initial public offering by InvenTrust (formerly Inland American Real Estate Trust) in 2005? Click to find out...

October 20, 2016

How does the $5.0 billion offering (including DRIP) that was filed by Blackstone in August 2016 compare to the initial public offering by InvenTrust (formerly Inland American Real Estate Trust) in 2005? Answer: The IPO for Inland American Real Estate Trust in 2005 was for $5.0 billion plus $400 million in DRIP, followed by a …

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BDC front end sales commissions have come down significantly over the past 18 months with the implementation of new share and commission structures. See what the average sales commission is now versus two years ago.

October 18, 2016

BDC front end sales commissions have come down significantly over the past 18 months with the implementation of new share and commission structures. As of June 30, 2016 the average sales commission is 5.4%, and two years prior it was 7.0%. This is due to some low and no front end commission share structures.

Blue Vault is proud to attend IPA Vision 2016 in Chicago, this week.

October 17, 2016

Blue Vault is proud to attend IPA Vision 2016 in Chicago, October 17-20. "IPAVision 2016 brings the industry together like never before, offering an immersive and interactive program focused squarely on our industry’s future. Professionals from across the Direct Investment community have the opportunity to network with their peers and work together toward our collective …

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Which nontraded REIT has a sponsor that has committed to make a subordinated loan investment in the REIT to advance up to $36.0 million to maintain an estimated NAV of $10.00 or greater?

September 15, 2016

Which nontraded REIT has a sponsor that has committed to make a subordinated loan investment in the REIT to advance up to $36.0 million to maintain an estimated NAV of $10.00 or greater? Answer:  Lightstone Real Estate Income Trust, Inc.   Lightstone Real Estate Income Trust is classified by Blue Vault as an Emerging LifeStage™ …

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Among Maturing LifeStage nontraded REITs as of March 31, 2016, which REIT had the most properties and which REIT had the fewest property investments?

September 12, 2016

Among Maturing LifeStage nontraded REITs as of March 31, 2016, which REIT had the most properties and which REIT had the fewest property investments? Answer:  Cole Credit Property Trust IV, Inc. (879 properties) and American Realty Capital New York City REIT, Inc. (five properties) respectively. Maturing A maturing nontraded REIT’s acquisition and debt strategy is …

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The top five nontraded BDC investment managers, that either sub-advise or sponsor funds, manage over $1 trillion in assets under management across their platforms. See how much each firm manages...

September 7, 2016

The top five nontraded BDC investment managers, that either sub-advise or sponsor funds, manage over $1 trillion in assets under management across their platforms. See how much each firm manages... Blackstone / GSO - $356 billion Credit Suisse - $315 billion Apollo Global - $186 billion KKR - $130 billion Highland Capital Management - $18 …

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Which nontraded REIT had the largest number of retail properties as of March 31, 2016?

September 6, 2016

Which nontraded REIT had the largest number of retail properties as of March 31, 2016? Answer:  Cole Credit Property Trust IV, Inc., with 878 retail properties and 25,600,000 square feet of leasable space. Cole Credit Property Trust IV, Inc. is sponsored by Cole Capital. Learn more about Cole Capital by clicking below... Cole Capital - Sponsor Focus …

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In what year did online retail sales first exceed the sales of department stores in the U.S. and what is the ratio of online sales to department store sales in 2016?

August 30, 2016

In what year did online retail sales first exceed the sales of department stores in the U.S. and what is the ratio of online sales to department store sales in 2016? Answer:  Online retail sales first exceeded department store sales in 2004 and the ratio of online sales to department store sales in 2016 is …

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With the withdrawal of AR Global from the nontraded REIT sponsors with effective REITs as of June, 2016, which sponsor is most likely to exceed AR Global in terms of total nontraded REIT assets by 3Q 2016?

August 26, 2016

With the withdrawal of AR Global from the nontraded REIT sponsors with effective REITs as of June, 2016, which sponsor is most likely to exceed AR Global in terms of total nontraded REIT assets by 3Q 2016? Answer:  W.P. Carey with over $10 billion in nontraded REIT assets in 1Q 2016 versus AR Global with …

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Which five nontraded REIT offerings reported the highest sales in their offerings in the month of June, 2016? Click to find out...

August 23, 2016

Which five nontraded REIT offerings reported the highest sales in their offerings in the month of June, 2016? Jones Lang LaSalle Income Property Trust (sponsored by Jones Lang LaSalle) Griffin Capital Essential Asset REIT II (sponsored by Griffin Capital Corporation) Dividend Capital Diversified Property Fund (sponsored by Dividend Capital) Carter Validus Mission Critical REIT II (sponsored by Carter/Validus …

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Among the 18 REIT programs offering Class T shares as of June 30, 2016, selling commissions ranged from 0.0% to 3.0%, with annual distribution or shareholder servicing fees ranging from 0.0% to 1.125% annually. How many offerings had a 2.00% selling commission?

August 16, 2016

Among the 18 REIT programs offering Class T shares as of June 30, 2016, selling commissions ranged from 0.0% to 3.0%, with annual distribution or shareholder servicing fees ranging from 0.0% to 1.125% annually. How many offerings had a 2.00% selling commission? Answer:  Nine of the 18

Monthly NTR & BDC Sales: July Monthly Sales are in! See the numbers now.

August 12, 2016

Monthly nontraded REIT and BDC Sales. July 2016 Sales Nontraded REIT Sales $300,463,171 Nontraded BDC Sales $83,882,214 See All     Note: While the Blue Vault reported monthly sales figures do include the vast majority of all Nontraded REIT and Nontraded BDC sales, it does not include all. Blue Vault soon hopes to receive all additional …

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NorthStar Healthcare Income REIT led all nontraded REITs in acquisitions in the 1st Quarter of 2016 with $534.5 million in real estate investments. Which REIT led the industry in acquisitions in the 4th Quarter, 2015?

August 2, 2016

NorthStar Healthcare Income REIT led all nontraded REITs in acquisitions in the 1st Quarter of 2016 with $534.5 million in real estate investments.  Which REIT led the industry in acquisitions in the 4th Quarter, 2015? Answer:  Griffin-American Healthcare REIT III with $1,212.8 million in acquisitions.

The estimated value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in the 3rd Quarter of 2016, based upon the opening share price for Apple Hospitality shares on June 30, 2016, was $10.73. What was the book value of Apple REIT Ten shareholder equity per share on March 31, 2016?

August 2, 2016

The estimated value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in the 3rd Quarter of 2016, based upon the opening share price for Apple Hospitality shares on June 30, 2016, was $10.73.  What was the book value of Apple REIT Ten shareholder equity per share on March 31, …

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American Realty Capital Global Trust II is one of the most globally diversified nontraded REITs in terms of non-U.S. assets. What percentage of this REIT’s assets were outside the U.S. as of March 31, 2016?

July 27, 2016

American Realty Capital Global Trust II is one of the most globally diversified nontraded REITs in terms of non-U.S. assets.  What percentage of this REIT’s assets were outside the U.S. as of March 31, 2016? Answer: 95.5% American Realty Capital Global Trust II is sponsored by AR Capital.

Blue Vault monitors annual operating expenses as a percentage of net assets. Find out who had the lowest operating expenses as of Q1 2016...

July 22, 2016

Blue Vault monitors annual operating expenses as a percentage of net assets. Find out who had the lowest operating expenses as of Q1 2016... CĪON Investment Corp. had an annualized operating expense ratio of 2.90%, much lower than the industry average of 5.3%   CĪON Investment Corp. is sponsored by CĪON Investment Group. Learn more …

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Based upon the opening share price of Apple Hospitality on June 30, 2016, the value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in the 3rd Quarter of 2016 would be approximately $10.73. What price did a third party tender offer by McKenzie Capital on May 2, 2016, offer shareholders in Apple REIT Ten?

July 20, 2016

Based upon the opening share price of Apple Hospitality on June 30, 2016, the value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in the 3rd Quarter of 2016 would be approximately $10.73.  What price did a third party tender offer by McKenzie Capital on May 2, 2016, offer …

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Griffin-American Healthcare Trust IV is now offering Class I shares that will initially be sold for $9.30 each and have no selling commissions or stockholder servicing fees associated with their purchase. What percentage of the offering share price paid to the dealer manager will be paid by the REIT?

July 13, 2016

Griffin-American Healthcare Trust IV is now offering Class I shares that will initially be sold for $9.30 each and have no selling commissions or stockholder servicing fees associated with their purchase. What percentage of the offering share price paid to the dealer manager will be paid by the REIT? Answer:  1% Learn more about I …

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New in each Blue Vault nontraded REIT Review, beginning 1st Quarter 2016, is a summary of pricing data for REITs listing their shares in a public exchange since 1997 or merging with other REITs. See more…

July 5, 2016

Now in each Blue Vault quarterly nontraded REIT Review is a listing of the pricing data for all liquidated REITs by listing or merger since 1997.  This data includes 14 data points, including Liquidity Type, First-Day Closing Price, 30-Day Closing Price, 1-Year Closing Price, and Most-Recent Pricing.  Don’t have access to Blue Vault’s research, inquire …

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The Blue Vault 1st Quarter nontraded REIT Review was released to subscribers this past Wednesday. Subscribers may log in now to view the quarterly Review. Click below to see what Blue Vault has just added to each quarterly nontraded REIT Review.

June 24, 2016

New in this report is a summary of pricing data for those REITs that have listed their common shares on public exchanges since 1997, or that have merged with other listed REITs. We track the share prices, adjusted for splits and merger terms, from the first day to one year after the listing, and up …

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Blue Vault released its entire 1st quarter Nontraded REIT Industry Review today. New to this quarter’s Review is summary of pricing data for those REITs that have listed their common shares on public exchanges since 1997, or that have merged with other listed REITs. Find out more here…

June 22, 2016

New in this report is a summary of pricing data for those REITs that have listed their common shares on public exchanges since 1997, or that have merged with other listed REITs. We track the share prices, adjusted for splits and merger terms, from the first day to one year after the listing, and up …

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May Equity Raised numbers available now.

June 14, 2016

May 2016 Equity Raised Nontraded REIT Sales $299,700,537 Nontraded BDC Sales $107,035,281 *While the Blue Vault reported monthly sales figures do include the vast majority of all Nontraded REIT and Nontraded BDC sales, it does not include all. Blue Vault soon hopes to receive all additional monthly sales from those sponsors currently not providing the …

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The Total Investor Proceeds Raised in 2015 by quarter decreased in quarters one, two and three and increased in quarter four with a total of $10.2 billion raised for the year.

May 31, 2016

Total Investor Proceeds Raised (in $ Billions) Q1 2015    $3.30  -  ($0.2) Change from previous quarter Q2 2015    $2.60  -  ($0.7) Change from previous quarter Q3 2015    $2.00  -  ($0.6) Change from previous quarter Q4 2015    $2.30  -  $0.3 Change from previous quarter Total Investor Proceeds Raised in 2015    $10.20

40 Nontraded REITs (56% of NTRs) were classified as Maturing according to Blue Vault's LifeStage™ classification at December 31, 2015.

March 18, 2016

40 Nontraded REITs (56% of NTRs) were classified as Maturing according to Blue Vault's LifeStage™ classification at December 31, 2015. A Maturing LifeStage™ is classified as follows: The REIT is closed. Assets Under Management are usually greater than $500 Million 4 - 8 years have passed since the initial effective date Owns 30+ Properties/Investments MFFO payout …

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Two nontraded REITs specialize in self-storage assets (Strategic Storage Growth Trust and Strategic Storage Trust II), and several others are acquiring self-storage properties. The two REITs had a total of 41 properties in 3Q 2015 while the U.S. has approximately 44,000 self-storage facilities. ExtraSpace Storage acquired the nontraded REIT SmartStop in 2015, and is now the second largest operator in the U.S.

March 8, 2016

Two nontraded REITs specialize in self-storage assets (Strategic Storage Growth Trust and Strategic Storage Trust II), and several others are acquiring self-storage properties. The two REITs had a total of 41 properties in 3Q 2015 while the U.S. has approximately 44,000 self-storage facilities. ExtraSpace Storage acquired the nontraded REIT SmartStop in 2015, and is now …

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2015 had the most new nontraded BDCs enter the market since 2012.

February 23, 2016

2015 had the most new nontraded BDCs enter the market since 2012. Five new BDCs became effective in 2015: Carey Credit Income Fund Corporate Capital Trust II Credit Suisse Parkview BDC, Inc. Griffin-Benefit Street Partners BDC Corp. Terra Income Fund 6 Inc.