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.
