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Feb 24 2016 | DI Wire
Dividend Capital, a sponsor of non-traded real estate investment trusts, recently launched Logistics Property Trust Inc., a $2 billion non-traded REIT that focuses on high-quality distribution warehouses and other industrial properties. The company expects to meet its minimum offering by the end of the year.
Logistics Property Trust is offering up to $1.5 billion in shares of common stock in its primary offering, and up to $500 million in DRIP shares. Two classes of shares of common stock will be available, class A shares and class T shares.
Class A shares, which will be sold for $10.00 each, have a selling commission of 7 percent, a dealer manager fee of 2.5 percent, and no distribution fee.
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I have been using Blue Vault Partners for the past five years. I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs. The reports help me analyze which sponsors are doing a responsible job of managing their offerings. This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.
