Inside the Vault- Page 57 of 98

Inside the Vault

September 25, 2018

Which two nontraded REITs repurchased the highest percentage of weighted average shares outstanding in Q2 2018?

Answer: KBS Strategic Opportunity REIT repurchased 16.32 % of weighted average shares outstanding in Q2 2018. Black Creek Diversified Property Trust repurchased 4.59% of weighted average shares outstanding in Q2 2018.

September 18, 2018

How many nontraded REITs reported an increase in EBITDA between Q1 2018 and Q2 2018?

Answer: Of the 63 nontraded REITs reporting EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for Q2 2018, 42 reported increases. The 63 REITs had total EBITDA of $1.32 billion for Q2 2018, up about 2% from the $1.29 billion for Q1 2018. The REIT reporting the highest EBITDA for Q2 2018 was Hines Global…

August 30, 2018

How many nontraded REITs have acquired light industrial properties since January 2018?

Answer: Five nontraded REITs have completed ten transactions to acquire warehouse/distribution centers encompassing a combined 25.3 million square feet of leasable area. The REITs and the number of transactions include Black Creek Industrial REIT IV (3), RREEF Property Trust (3), Griffin Capital Essential Asset REIT (2), Cole Real Estate Income Strategy (Daily NAV) (1), and…

August 28, 2018

Which nontraded REIT had the highest percentage of its distributions reinvested pursuant to its distribution reinvestment program in Q2 2018?

Answer: JLL Income Property Trust Inc. had the highest percentage of its distributions reinvested in Q2 2018 at 65%. Other REITs with a high percentage of distributions reinvested: Hartman vREIT XXI, Inc. (63%), Blackstone REIT, Inc. (62%), Resource Real Estate Opportunity REIT, Inc. (61%), CNL Healthcare Properties II, Inc. (59%) and Black Creek Industrial REIT…

August 21, 2018

Which interval fund reported the highest July sales of the nine reporting to Blue Vault?

Answer: Griffin Institutional Access Real Estate Fund reported July sales of $85.8 million, highest among the nine interval funds reporting July sales to Blue Vault.

August 16, 2018

Which AR Global-sponsored nontraded REIT had a book value of equity per share as of June 30, 2018, of $14.35 and a most recent estimated net asset value per share of $20.25?

Answer: Healthcare Trust, Inc., formerly American Realty Capital Healthcare Trust II, Inc.

August 8, 2018

Which four nontraded REITs have very low vulnerability to rising interest rates?

Answer: These four nontraded REITs have very low vulnerability to rising interest rates because they each have less than 10% of debt maturing in 2018 or 2019 and less than 10% of total debt at unhedged variable interest rates as of March 31, 2018: American Realty Capital New York City REIT, Inc.; Highlands REIT, Inc.; Inland…

August 6, 2018

Which three nontraded REITs have 100% of their debt at unhedged variable rates as of March 31, 2018, and over 20% of their debt principal due in 2018 or 2019?

Answer: Benefit Street Partners Realty Trust, Inc., Cole Office & Industrial REIT (CCIT III), Inc., and KBS Strategic Opportunity REIT II, Inc.

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…