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Based upon the opening share price of Apple Hospitality on June 30, 2016, the value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in the 3rd Quarter of 2016 would be approximately $10.73. What price did a third party tender offer by McKenzie Capital on May 2, 2016, offer shareholders in Apple REIT Ten?

July 20, 2016

logo-AppleREITtenBased upon the opening share price of Apple Hospitality on June 30, 2016, the value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in the 3rd Quarter of 2016 would be approximately $10.73.  What price did a third party tender offer by McKenzie Capital on May 2, 2016, offer shareholders in Apple REIT Ten?

Answer:  $9.18 per share (MacKenzie Realty Capital Inc., a publicly registered non-traded business development company, purchased 258,911 shares of Apple REIT Ten common stock for $9.18 per share, as of June 21, 2016)

Apple REIT Ten and Apple Hospitality are sponsored by Apple Advisors (Glade Knight), click here to learn more about Apple Advisors.

 

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John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.