What does CIM RACR stand for? Answer: CIM Real Assets & Credit Fund (CIM RACR) is a continuously-offered closed-end interval fund that seeks to invest in a mix of institutional-quality real estate and credit assets. The fund intends to provide daily pricing and limited share redemption flexibility. It is managed by CIM Group.

Which nontraded REIT has a portfolio with 76.6% of its lease expirations beyond 2030? Answer: Cantor Fitzgerald Income Trust, Inc. has a portfolio with 76.6% of its lease expirations after 2030, with a weighted average lease expiration of 9.2 years (excluding apartment properties). 

Which continuously-offered nontraded REIT reported an increase of 6.76% in the net asset value of its Class I shares in March 2022? Answer: Ares Industrial REIT, formerly Black Creek Industrial REIT IV, had its net asset value per share for Class I shares increase from $13.57 to $14.49 per share in March 2022.

What was the total assets held by nontraded REITs as of December 31, 2021? Answer: $185.1 billion

How many nontraded REITs had open offerings as of December 31, 2021? Answer: There were 15 nontraded REITs raising capital as of December 31, 2021.

How many properties did Blackstone Real Estate Income Trust acquire during Q4 2021? Answer: Blackstone Real Estate Income Trust acquired 892 properties worth approximately $24.4 billion during the fourth quarter of 2021. 

What is an UPREIT transaction according to Legendary Capital? Answer: In a 721 UPREIT (Umbrella Partnership REIT) transaction, property is contributed to a REIT’s operating partnership (OP) in exchange for a combination of liquidity and equity-equivalent OP units. By contributing their asset into the OP, the hotel owner can reduce risk, achieve stabilization and preserve…

By what percentage did the Cottonwood Communities estimated NAV per share increase between November 30, 2021, and February 28, 2022? Answer: The estimated NAV for Cottonwood Communities increased from $16.9316 to $18.9882 between November 30, 2021 and February 28, 2022, an increase of 12.15% in three months.

Which continuously offered nontraded REIT reported a 5.7% increase in the estimated NAV for its Class I shares from January 2022 to February 2022? Answer: Ares Industrial Real Estate Income Trust, Inc., (fka Black Creek Industrial REIT IV, Inc.) reported an estimated NAV per Class I share as of February 28, 2022, of $13.5719, up…