3 BDCs are currently on our listing or liquidation watch list. Who are the potential BDCs?

Answer:

1. Corporate Capital Trust – the Board voted on April 3, 2017 for a potential listing and more information should come out in the next 12 months.

2. Business Development Corporation of America – now managed by Benefit Street Partners, recently released an investor presentation that mentioned a goal of positioning the company for a listing or liquidation.

3. FS Investment Corporation II – although no plans have been shared, the company’s offering closed in March 2014 and a merger or acquisition by the already listed FS Investment Corporation (FSIC) would make a logical liquidity event.

Recent

Which nontraded REIT program recorded positive monthly total returns for each month from April 2023 thru July 2023?

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Which nontraded REIT program recorded positive monthly total returns for each month from April 2023 thru July 2023? Answer: J. P. Morgan Real Estate Income Trust recorded consecutive positive monthly total returns for four months, April 2023 thru July 2023. The REIT averaged a 0.37% monthly total return over those four months.

Which is the only nontraded REIT that has ever invested solely in timberlands and had a full-cycle event in 2015?

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Which is the only nontraded REIT that has ever invested solely in timberlands and had a full-cycle event in 2015? Answer: CatchMark Timber REIT (previously Wells Timberland REIT) listed its shares in 2015 and was acquired by Potlatch Deltic Corporation in Q2 2023.

Which nontraded REIT raised a majority of its capital via the issuance of preferred stock in Q2 2023?

September 20, 2023

Which nontraded REIT raised a majority of its capital via the issuance of preferred stock in Q2 2023? Answer: Cottonwood Communities raised $27.5 million of net proceeds from the sale of Series 2023 Preferred Stock. It raised $7.3 million of net proceeds from the sale of common stock issued under its follow-on offering.

How many full-cycle events for nontraded REITs are documented in the upcoming 8th Edition Blue Vault Nontraded REIT Full-Cycle Performance Study?

September 13, 2023

How many full-cycle events for nontraded REITs are documented in the upcoming 8th Edition Blue Vault Nontraded REIT Full-Cycle Performance Study? Answer: The 8th Edition of the Blue Vault Nontraded REIT Full-Cycle Performance Study documents investor returns for 91 full-cycle nontraded REIT programs.

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