Inside the Vault- Page 10 of 89

Inside the Vault

August 17, 2022

How many of the 16 offerings by nontraded REITs that were open as of June 30, 2022, are perpetual offerings with no specific closing date?

How many of the 16 offerings by nontraded REITs that were open as of June 30, 2022, are perpetual offerings with no specific closing date? Answer: 14 of the 16 offerings are perpetual. One offering is "continuous" and may have a full-cycle event in the future. One has a specific anticipated closing date.

August 16, 2022

For those 16 nontraded REITs that had open offerings as of June 30, 2022, how many based their asset management fees on their net asset values?

For those 16 nontraded REITs that had open offerings as of June 30, 2022, how many based their asset management fees on their net asset values? Answer: All but four of the nontraded REITs based their asset management fees on their total net asset value. The four based their asset management fees on the gross…

August 11, 2022

Which Company that recently completed a merger with a nontraded REIT has increased its dividends per share every year since going public in 1998?

Which Company that recently completed a merger with a nontraded REIT has increased its dividends per share every year since going public in 1998? Answer: W.P. Carey has increased its dividend every year since going public in 1998. On August 1 it completed the merger of Corporate Property Associates 18 - Global. Class A shareholders…

August 9, 2022

What has happened to the share of commercial real estate investment by dollar volume that has gone to Secondary/Tertiary markets in the U.S. through Q1 2022?

What has happened to the share of commercial real estate investment by dollar volume that has gone to Secondary/Tertiary markets in the U.S. through Q1 2022? Answer: 58.0% of capital allocations in commercial real estate in Q1 2022 has gone to Secondary/Tertiary markets in the U.S. This is up from 53.1% in Q1 2020. Cap…

August 4, 2022

What is the latest acquisition of a public REIT by Blackstone REIT?

What is the latest acquisition of a public REIT by Blackstone REIT? Answer: Four of this year’s nine pending or completed REIT acquisitions involve Blackstone REIT, including a $12.8 billion deal for American Campus Communities that’s expected to be completed in the third quarter. That deal comes at a 30% premium from the share price…

August 2, 2022

According to Bankrate’s 10th annual survey on Americans’ favorite long-terms investments for building wealth, what asset class was the most popular?

According to Bankrate's 10th annual survey on Americans' favorite long-terms investments for building wealth, what asset class was the most popular? Answer: Real estate was the top answer in this year's Bankrate survey, with 29% of respondents saying it's their preferred way to invest money they won't need for at least a decade.

July 28, 2022

Which nontraded REIT recently made its first real estate investment in the “Research Triangle” in North Carolina?

Which nontraded REIT recently made its first real estate investment in the "Research Triangle" in North Carolina? Answer: Hines, the global real estate firm, on June 16, 2022, announced that Hines Global Income Trust had acquired Waverly Place, a grocery-anchored retail center in Cary, North Carolina. Waverly Place, located in the Research Triangle area of…

July 19, 2022

What does Gladstone Land Corporation, a listed REIT that issues nontraded preferred stock, invest in?

What does Gladstone Land Corporation, a listed REIT that issues nontraded preferred stock, invest in? Answer: The REIT is engaged in the business of owning and leasing farmland. It currently owns 164 farms comprised of 112,542 acres located across 15 states in the U.S. It also owns several farm-related facilities, such as cooling facilities, packinghouses,…

July 19, 2022

As of May 9, how much capital had Invesco REIT raised via a private offering of Class N shares?

As of May 9, how much capital had Invesco REIT raised via a private offering of Class N shares? Answer: Invesco REIT had raised $443.7 million via the private offering of Class N shares as of May 9, 2022. As of May 9, 2022, the REIT had a commitment to purchase an additional $41.3 million…