Which type of fee charged by nontraded REIT sponsors has the most important impact on shareholder returns over the life of the REIT?
Answer: The asset management fee charged annually by nontraded REIT sponsors has by far the most important impact on shareholder returns. While upfront loads are important, the annual payment of asset management fees, which can be up to 1.00% of total asset values, have a far greater impact on shareholder returns than any other category of fees.
