Inside the Vault Archives

Inside the Vault

October 3, 2023

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

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.

September 27, 2023

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

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.

September 20, 2023

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

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?

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.

August 30, 2023

The five continuously offered nontraded REIT programs with the highest total returns for the month of July 2023 were led by Blackstone REIT, followed by FS Credit Real Estate Income Trust. The median total return for all 16 continuously offered nontraded REITs in July was 0.21%.

The five continuously offered nontraded REIT programs with the highest total returns for the month of July 2023 were led by Blackstone REIT, followed by FS Credit Real Estate Income Trust. The median total return for all 16 continuously offered nontraded REITs in July was 0.21%.

August 23, 2023

What was Blackstone’s Floating Rate Enhanced Income Fund Class I annualized distribution rate as of March 31, 2023?

What was Blackstone's Floating Rate Enhanced Income Fund Class I annualized distribution rate as of March 31, 2023? Answer: The fund's annualized distribution rate for Class I shares was 9.76% as of March 31, 2023.

August 16, 2023

Since 2012 in the nontraded BDC industry, how many quarters did total public industry capital raise exceed $2 billion?

Since 2012 in the nontraded BDC industry, how many quarters did total public industry capital raise exceed $2 billion? Answer As of March 31, 2023, there have been six quarters where total public industry capital raise has exceeded $2 billion, with all six coming in the most recent quarters. Industry public capital raise hit its…

August 9, 2023

What was the total size of the nontraded BDC industry in terms of total assets as of March 31, 2023?

What was the total size of the nontraded BDC industry in terms of total assets as of March 31, 2023? Answer: The nontraded BDC industry reported total assets of approximately $89.0 billion as of March 31, 2023, up from $86.7 billion as of December 31, 2022, and $60.7 billion as of March 31, 2022.

August 2, 2023

Of the eighteen nontraded BDCs covered by Blue Vault, how many reported a total return greater than 3% in the first quarter of 2023?

Of the eighteen nontraded BDCs covered by Blue Vault, how many reported a total return greater than 3% in the first quarter of 2023? Answer: Six nontraded BDCs reported total returns in excess of 3% in the first quarter, led by Apollo Debt Solutions BDC with an average return of 4.82% and BlackRock Private Credit…