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The full-cycle event by a nontraded REIT in 2015 that created the most estimated common shareholder liquidity was Apple Hospitality REIT, which was created by a merger of Apple REITs Seven, Eight and Nine. The listing created approximately $3.3 billion in shareholder liquidity.

April 26, 2016
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Thomas E. Burns, III
July 29, 2015
February 22, 2016

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