Inside the Vault- Page 77 of 93

Inside the Vault

November 25, 2016

How do asset management fee rates based upon gross asset values present a potential conflict of interest for nontraded REIT sponsors?

How do asset management fee rates based upon gross asset values present a potential conflict of interest for nontraded REIT sponsors? If asset management fees are calculated on the gross asset values of the REIT, the sponsor may have an incentive to use more debt to finance a portfolio than if the fee were based…

November 23, 2016

The Blue Vault office will close at noon today and reopen on Monday, November 28th. Blue Vault wishes you a very Happy Thanksgiving!

November 21, 2016

Which current nontraded REIT offerings have asset management fees which combine an annual fixed component rate plus an incentive rate based on annual performance?

Which current nontraded REIT offerings have asset management fees which combine an annual fixed component rate plus an incentive rate based on annual performance? RREEF Property Trust Dividend Capital Diversified Property Fund Jones Lang LaSalle Income Property Trust Blackstone Real Estate Income Trust. Learn more about nontraded REIT fees in Blue Vault's latest publication, "Nontraded…

November 18, 2016

Which nontraded REIT program’s board voted to suspend its cash distributions in April 2016 and pay distributions in stock at an annualized rate of 7.16% based upon its then DRIP price?

Which nontraded REIT program’s board voted to suspend its cash distributions in April 2016 and pay distributions in stock at an annualized rate of 7.16% based upon its then DRIP price? Answer: American Realty Capital Hospitality Trust , Inc. Distributions for the quarter ended June 30, 2016 were paid in common stock in an amount…

November 16, 2016

The top three capital raising BDCs raised nearly $717 million of the $1.1 billion raised in the first half of 2016. Find out who the top three capital raisers were.

The top three capital raising BDCs raised nearly $717 million of the $1.1 billion raised in the first half of 2016. a. FS Energy and Power Fund raised $332 million b. FS Investment Corporation III raised $201 million c. Corporate Capital Trust raised $184 million

November 15, 2016

Which closed nontraded REIT program had the highest distribution yield (8.25%) in the 2nd Quarter 2016 based upon its initial offering price?

Which closed nontraded REIT program had the highest distribution yield (8.25%) in the 2nd Quarter 2016 based upon its initial offering price? Answer: Realty Finance Trust, Inc. (formerly ARC Realty Finance Trust, Inc.)

November 11, 2016

How many of the 46 closed nontraded REIT programs had distribution yields of 7.00% or higher in the 2nd Quarter 2016 based upon their initial offering prices?

How many of the 46 closed nontraded REIT programs had distribution yields of 7.00% or higher in the 2nd Quarter 2016 based upon their initial offering prices? Answer: 10 nontraded REIT programs

November 8, 2016

What is a “Subordinated Incentive Listing Distribution” and how is it calculated?

What is a “Subordinated Incentive Listing Distribution” and how is it calculated? For 11 offerings of effective REITs as of September, 2016, the advisor is entitled to receive a listing incentive fee when the REIT’s common shares are listed on a national exchange of 15% of the amount over and above the “preferred return” rate…

November 7, 2016

How many different ways do the 30 open offerings as of September 30, 2016, calculate the “Asset Management Fees” or “Advisory Fees” for managing the REIT’s portfolio?

How many different ways do the 30 open offerings as of September 30, 2016, calculate the “Asset Management Fees” or “Advisory Fees” for managing the REIT’s portfolio? There are at least 12 different methods or explanations used by the current offerings to calculate the Asset Management Fees according to the latest filings. Learn about these…