What property could be the first real estate acquisition by J. P. Morgan Real Estate Income Trust, Inc., the newest continuously offered nontraded REIT program? Answer: On June 23, 2022, the Company entered into a purchase agreement to acquire a 9.7-acre industrial outdoor storage site located in Levittown, Pennsylvania for an aggregate purchase price of…

Of the $128.3 billion in debt on NTR books as of Q2 2022, how much had interest rate swaps to convert variable rate debt to fixed rate debt? Answer: There were swaps with at total notional value of $30.1 billion on the books of all nontraded REITs as of June 30, 2022. 

When did the yield on 3-month Treasury bills recently exceed the yield on 10-year Treasury notes, a potential sign of an impending recession? Answer: On October 25, 2022, the yield on 3-month Treasury bills rose above the yield on 10-year Treasury notes (4.14% vs. 4.10%, respectively). This 3-month/10-year inverted yield curve has indicated a coming…

How many of the 14 continuously offered nontraded REIT programs reported increases in their respective net asset values per share in September 2022? Answer: Eight of the continuously offered nontraded REIT programs reported increases in their respective net asset values per share in September 2022, three reported no change, and three reported decreases for the…

Who are the major net lease tenants for ExchangeRight's Net Lease Portfolio 56 DST program that recently raised $132 million? Answer: The offering contains 33 net-leased properties diversified across 19 states throughout the United States. The portfolio features 13 distinct tenants, including Woods Supermarket, Family Dollar, and Scheels All Sports, with nine CVS Pharmacy locations…

How much capital did nontraded BDC programs raise in Q2 2022 from both public and private offerings? Answer: $8.144 billion, consisting of $5.545 billion from public offerings and $2.598 billion from private offerings. This was down 8.9% from the total $8.942 billion in Q1 2022 from both public and private offerings.

What was the weighted average interest rate on the $128.3 billion total debt owed by all nontraded REITs as of June 30, 2022? Answer: The weighted average interest rate on the total debt of nontraded REITs as of June 30, 2022, was 3.53%. Approximately 51% of that debt was at fixed interest rates.

What was the total notional value of interest rate swaps and interest rate caps on the books of nontraded REITs as of June 30, 2022? Answer: $58.5 billion in notional value of swaps and caps on total debt of $128.3 billion as of June 30, 2022.

What percentage of total assets held by nontraded REITs as of June 30, 2022, were held by Blackstone Real Estate Income Trust? Answer: 56.4% of all NTR assets were held by Blackstone Real Estate Income Trust as of June 30, 2022.