Cole Real Estate Income Strategy (Daily NAV) Announces July 31, 2017 NAVs Per Share
August 4, 2017 | by James Sprow | Blue Vault
On August 2, Cole Real Estate Income Strategy (Daily NAV), Inc., a nontraded REIT with a continuous offering of three classes of common stock, announced revised NAVs as of July 31, 2017, for each share class. The Class W shares have a July 31 NAV per share of $18.14 per share vs. $18.13 on July 3. The Class A shares had the same July 31 NAV per share vs. July 3 at $17.94, and the Class I shares had a July 31 NAV per share of $18.31 vs. $18.29 on July 3.
The NAV per share is the price at which the REIT sold shares pursuant to purchase orders (excluding selling commissions charged on A shares) and redeemed shares pursuant to redemption requests. The REIT posts the NAV per share for each class of common stock on its website at https://www.colecapital.com/cin_dailyNAV.
The redemption limit for the quarter ending September 30, 2017 was 10% of the REIT’s NAV as of June 30, 2017. Given that sales of the REIT’s common stock have exceeded redemption requests quarter to date, the redemption limit as of August 1, 2017 has not been reduced below 10% of the REIT’s NAV as of June 30, 2017.
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