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How much did Inland Securities Corporation distribute and raise in new capital in 2021?

What was the merger consideration offered to Class A Common shareholders in Watermark Lodging Trust Inc. in the merger with Brookfield announced on May 6, 2022?

May 19, 2022

What was the merger consideration offered to Class A Common shareholders in Watermark Lodging Trust Inc. in the merger with Brookfield announced on May 6, 2022? Answer: The merger consideration offered to each share of Class A Common Stock of the Company that is issued and outstanding immediately prior to the Company Merger Effective Time …

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Which five sponsors of NTRs have raised the most capital for their NTR programs during their respective offerings since 1990?

May 10, 2022

Which five sponsors of NTRs have raised the most capital for their NTR programs during their respective offerings since 1990? Answer: Blackstone ($47.2 billion), AR Global ($17.9 billion), Inland RE Investment Corp. ($17.5 billion), CIM Group ($13.7 billion) and Black Creek Group ($12.5 billion) have raised the most capital for their NTR programs during their …

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Which three nontraded REITs have changed their names in the past year?

May 5, 2022

Which three nontraded REITs have changed their names in the past year? Answer: Ares Industrial REIT was formerly Black Creek Industrial REIT IV, Ares Real Estate Income Trust was formerly Black Creek Diversified Property Trust, and Brookfield REIT was formerly Oaktree REIT. 

What does CIM RACR stand for?

April 26, 2022

What does CIM RACR stand for? Answer: CIM Real Assets & Credit Fund (CIM RACR) is a continuously-offered closed-end interval fund that seeks to invest in a mix of institutional-quality real estate and credit assets. The fund intends to provide daily pricing and limited share redemption flexibility. It is managed by CIM Group.

What is an UPREIT transaction according to Legendary Capital?

April 5, 2022

What is an UPREIT transaction according to Legendary Capital? Answer: In a 721 UPREIT (Umbrella Partnership REIT) transaction, property is contributed to a REIT’s operating partnership (OP) in exchange for a combination of liquidity and equity-equivalent OP units. By contributing their asset into the OP, the hotel owner can reduce risk, achieve stabilization and preserve …

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Which continuously offered nontraded REIT reported a 5.7% increase in the estimated NAV for its Class I shares from January 2022 to February 2022?

March 23, 2022

Which continuously offered nontraded REIT reported a 5.7% increase in the estimated NAV for its Class I shares from January 2022 to February 2022? Answer: Ares Industrial Real Estate Income Trust, Inc., (fka Black Creek Industrial REIT IV, Inc.) reported an estimated NAV per Class I share as of February 28, 2022, of $13.5719, up …

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Of the 17 continuously offered nontraded REIT programs that were raising funds as of June 30, 2021, based their Asset Management Fees on the REIT’s total net asset value?

March 15, 2022

Of the 17 continuously offered nontraded REIT programs that were raising funds as of June 30, 2021, how many based their Asset Management Fees on the REIT’s total net asset value? Answer: Of the 17 continuously offered nontraded REIT programs as of June 30, 2021, 13 based their asset management fees on a percentage of …

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According to the Blue Vault 4th Edition NTR Fee Study, which continuously offered NTRs have the highest Asset Management Fees as a percentage of their total NAVs?

March 1, 2022

According to the Blue Vault 4th Edition NTR Fee Study, which continuously offered NTRs have the highest Asset Management Fees as a percentage of their total NAVs? Answer: The following continuously offered NTRs have Asset Management Fees based on 1.25% of NAV as of June 30, 2021: Black Creek Industrial REIT IV, Blackstone REIT, FS …

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Which continuously offered nontraded REIT program posted a total return of 3.06% in the month of January 2022, highest among all continously offered nontraded REITs?

February 23, 2022

Which continuously offered nontraded REIT program posted a total return of 3.06% in the month of January 2022, highest among all continously offered nontraded REITs? Answer: Black Creek Industrial REIT IV had a total return for its Class I shares of 3.06% in January 2022, after a total return of 4.89% in December 2021.