Inside the Vault- Page 10 of 88

Inside the Vault

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…

July 12, 2022

When was the public offering by Strategic Storage Trust VI, Inc., declared effective?

When was the public offering by Strategic Storage Trust VI, Inc., declared effective? Answer: On March 17, 2022, the public offering by Strategic Storage Trust VI, Inc., was declared effective.

July 5, 2022

What was the range of the monthly total returns reported by the continuously offered nontraded REITs for May 2022?

What was the range of the monthly total returns reported by the continuously offered nontraded REITs for May 2022? Answer: The highest monthly total return was posted by Cottonwood Communities (+3.04%) and the lowest was by RREEF Property Trust (-0.66%).

June 30, 2022

How did the median total return to the 13 continuously offered nontraded REIT programs in May 2022 compare to the NAREIT All REIT Index total return for May 2022?

How did the median total return to the 13 continuously offered nontraded REIT programs in May 2022 compare to the NAREIT All REIT Index total return for May 2022? Answer: The median return for the 13 continuously offered nontraded REITs in May 2022 was +0.94% and the median total return YTD in 2022 was 7.48%.…

June 28, 2022

Which nontraded REIT increased its commitment to residential properties, including single-family rental properties, to 44% of its portfolio, as of March 31, 2022?

Which nontraded REIT increased its commitment to residential properties, including single-family rental properties, to 44% of its portfolio, as of March 31, 2022? Answer: Jones Lang LaSalle Income Property Trust is increasing its commitment to the residential sector, including a 47% investment in 2021 in a portfolio of 4,000 single-family rental properties managed by Amherst…

June 23, 2022

Of the 52 monthly observations of total returns to the shares of the continuously offered nontraded REITs year-to-date in 2022 thru April, how many were negative?

Of the 52 monthly observations of total returns to the shares of the continuously offered nontraded REITs year-to-date in 2022 thru April, how many were negative? Answer: Year-to-date for the 13 continuously offered nontraded REITs in 2022 thru April, there were none that reported a negative total return (of the 52 monthly total returns reported).

June 22, 2022

What is the current shortage of housing units in the U.S. according to the National Association of Realtors and how many housing starts are projected for 2023?

What is the current shortage of housing units in the U.S. according to the National Association of Realtors and how many housing starts are projected for 2023? Answer: According to Dr. Yun at the National Association of Realtors there is currently a shortage of 3 million housing units in the U.S. and only 1.2 million…