Between the first quarter of 2020 and the second quarter, there were 13 nontraded REITs that have lowered or eliminated their distributions and 15 nontraded REITs that have lowered their net asset values per share.

The 12 nontraded REITs that have most recently reported their net asset values per share (NAVs) changes over a one-month period have an average increase in those values of 0.28%.

...it is quickly evident that the reporting by nontraded REITs on their success of collecting rents during the COVID-19 pandemic is spotty at best.

...two measures of relative safety might be the combination of a real estate portfolio’s weighted average occupancy and its weighted average lease maturity.

...nontraded REIT managers are contemplating or have already taken action to delay or discontinue distributions.

Front-end loads in the alternative investment industry are typically thought of as fees charged to purchase common shares in public offerings, whether they be nontraded REITs, nontraded BDCs, or interval funds.

Blue Vault Partners compares the most recent NAVs, estimated by nontraded REITs, to the previous NAVs reported by the REITs.