Inside the Vault- Page 14 of 94

Inside the Vault

November 22, 2022

Who are the major net lease tenants for ExchangeRight’s Net Lease Portfolio 56 DST program that recently raised $132 million?

Who are the major net lease tenants for ExchangeRight's Net Lease Portfolio 56 DST program that recently raised $132 million? Answer: The offering contains 33 net-leased properties diversified across 19 states throughout the United States. The portfolio features 13 distinct tenants, including Woods Supermarket, Family Dollar, and Scheels All Sports, with nine CVS Pharmacy locations…

November 16, 2022

How much capital did nontraded BDC programs raise in Q2 2022 from both public and private offerings?

How much capital did nontraded BDC programs raise in Q2 2022 from both public and private offerings? Answer: $8.144 billion, consisting of $5.545 billion from public offerings and $2.598 billion from private offerings. This was down 8.9% from the total $8.942 billion in Q1 2022 from both public and private offerings.

November 9, 2022

What was the weighted average interest rate on the $128.3 billion total debt owed by all nontraded REITs as of June 30, 2022?

What was the weighted average interest rate on the $128.3 billion total debt owed by all nontraded REITs as of June 30, 2022? Answer: The weighted average interest rate on the total debt of nontraded REITs as of June 30, 2022, was 3.53%. Approximately 51% of that debt was at fixed interest rates.

November 2, 2022

What was the total notional value of interest rate swaps and interest rate caps on the books of nontraded REITs as of June 30, 2022?

What was the total notional value of interest rate swaps and interest rate caps on the books of nontraded REITs as of June 30, 2022? Answer: $58.5 billion in notional value of swaps and caps on total debt of $128.3 billion as of June 30, 2022.

October 26, 2022

What percentage of total assets held by nontraded REITs as of June 30, 2022, were held by Blackstone Real Estate Income Trust?

What percentage of total assets held by nontraded REITs as of June 30, 2022, were held by Blackstone Real Estate Income Trust? Answer: 56.4% of all NTR assets were held by Blackstone Real Estate Income Trust as of June 30, 2022.

October 18, 2022

What is the newest nontraded REIT program?

What is the newest nontraded REIT program? Answer: J. P. Morgan Real Estate Income Trust, Inc.

October 3, 2022

Which listed REIT which was originally a nontraded REIT program will merge with a Blackstone affiliate for $24.25 in the second half of 2022?

Which listed REIT which was originally a nontraded REIT program will merge with a Blackstone affiliate for $24.25 in the second half of 2022? Answer: Bluerock Residential Growth REIT ("BRG") will merge with an affiliate of Blackstone Inc. The merger proposal was approved by BRG shareholders. The stock traded at less than $12.00 per…

September 28, 2022

Which nontraded BDC raised $224.4 million in capital in August 2022?

Which nontraded BDC raised $224.4 million in capital in August 2022? Answer: Blue Owl Capital Inc. (formerly Owl Rock Capital Advisors) raised $224.4 for Owl Rock Core Income Corp. in August 2022.

September 14, 2022

Which nontraded REITs raised the most capital in Q2 2022?

Which nontraded REITs raised the most capital in Q2 2022? Answer: The top six nontraded REITs raising capital in Q2 2022 were: Blackstone REIT, Starwood REIT, FS Credit Real Estate Income Trust, Nuveen Global Cities REIT, Hines Global Income Trust and Ares Industrial REIT. Blackstone raised $6.67 billion, including DRIP proceeds. Starwood REIT raised $1.8…