Inside the Vault- Page 53 of 93

Inside the Vault

August 1, 2018

According to a filing with the SEC, what is the name of a limited partnership in Israel that owns over $100 million in nontraded REIT shares in the United States and recently concluded a tender offer for shares of Cole Office & Industrial REIT (CCIT II), Inc.?

Answer: Comrit Investments Ltd. is a real estate investment fund that was formed in 2015 and currently owns over $100 million in nontraded REIT securities in the United States. On July 30, 2018, the company accepted 56,691 Class A shares that were tendered and following the purchase of all of the tendered shares will own an…

July 25, 2018

Which nontraded REITs have listed a portion of their common shares and delayed the listing of the remaining shares for up to 18 months to reduce potential selling pressure on the first listing date?

Answer: Whitestone REIT in 2012; Inland Western Retail Real Estate Trust, Inc. in 2013; Healthcare Trust of America, Inc. in 2013; Catchmark Timber Trust, Inc. (formerly Wells Timerland REIT, Inc.) in 2015; and American Finance Trust, Inc. in 2018. On July 19, 2018, American Finance Trust, Inc. listed only Class A shares, with Class B-1…

July 19, 2018

What is the median debt ratio for open and closed nontraded REIT programs?

Answer: The median debt ratio for all open nontraded REIT programs as of March 31, 2018, was 39%, compared to a median debt ratio of 45% as of March 31, 2017. The median debt ratio for all closed nontraded REIT programs as of March 31, 2018, was 51%, compared to a median debt ratio of 48%…

July 18, 2018

Of the Interval Funds covered by Blue Vault, which fund reported the highest six-month return for the period ending March 31, 2018?

Answer: Total Income+ Real Estate Fund reported total six-month returns of 4.14% (Class A), 3.75% (Class C), 4.20% (Class I) and 3.83% (Class L), outpacing the remaining Interval Funds covered by Blue Vault.

July 9, 2018

Which Interval Fund covered by Blue Vault has 100% of its portfolio invested in a single asset type?

Answer: Vertical Capital Income Fund invests 100% in residential mortgages. The fund has raised net proceeds of $133.2 million through March 31, 2018.

July 5, 2018

Which three nontraded REITs have the most total assets?

Answer: As of March 31, 2018, among all nontraded REITs, Blackstone Real Estate Income Trust, Inc. had the most total assets at $6.95 billion. Next was Cole Credit Property Trust IV, Inc. at $4.70 billion in total assets. Ranking third in total assets among nontraded REITs was Corporate Property Associates 17 - Global Incorporated at $4.59 billion.

June 27, 2018

How many visitors did Blue Vault’s website have in May 2018?

BlueVaultPartners.com had 5,909 visitors in May 2018. They viewed 17,090 pages on the website.

June 20, 2018

What was the total nontraded REIT distributions payout in Q1 2018?

Answer: Total distributions paid by 56 nontraded REITs in Q1 2018 was $1.307 billion. Of that total, Carter Validus Mission Critical REIT paid $588.4 million via special liquidating distributions. Excluding Carter Validus Mission Critical REIT from total distributions paid by 55 nontraded REITs in Q1 2018 results in a total of $720.6 million compared to…

June 13, 2018

How much money was reinvested in nontraded REITs during Q1 2018?

Total distributions reinvested for 47 REITs reporting DRIP proceeds in Q1 2018 was $332.7 million. This compares to total distributions reinvested for 48 REITs reporting DRIP proceeds in Q1 2017 of $334.7 million.