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…

Of the ten NTRs that reported sales for February 2022 to Blue Vault, which nontraded REIT raised the most capital in February 2022? Answer: FS Credit Real Estate Income Trust raised $185.8 million through the issuance of common shares, including DRIP proceeds, in February 2022. This was the highest total among the ten NTRs reporting…

Of the 17 offerings by nontraded REITs as of June 30, 2021, how many had an acquisition fee in their prospectuses? Answer: Only one REIT had an acquisition fee in their offering prospectus as of June 30, 2021. That fee was 1.50% of the acquisition cost. In the Third Edition of the Blue Vault NTR…

Of the 17 continuously offered nontraded REIT programs that were raising funds as of June 30, 2021, how many based their Asset Management Fees on the REIT's total net asset value? Answer: Of the 17 continuously offered nontraded REIT programs as of June 30, 2021, 13 based their asset management fees on a percentage of…

How many nontraded REITs were internally managed as of September 30, 2021? Answer: Eleven nontraded REITs had internalized management as of September 30, 2021. 

By what percentage did the NAV per share of Blackstone REIT's Class I shares increase from December 31, 2020, to December 31, 2021? Answer: Blackstone REIT's Class I NAV was $14.2998 as of December 31, 2021, vs. $11.5547 as of December 31, 2020., an increase of 23.8% YOY.

How many apartment units did Starwood Real Estate Income Trust acquire during 2021? Answer: According to data from S&P Global Market Intelligence, Starwood REIT acquired a total of 25,921 apartment units in 2021.