Inside the Vault

November 18, 2020

What percentage ownership do the managers of SmartStop Self Storage REIT have in the equity of the nontraded REIT?

Answer: According to a recent presentation, as of September 30, 2020, management of SmartStop Self Storage REIT own...

November 17, 2020

How many private placement offerings have been sponsored by Inland Private Capital Corporation?

Answer: As of June 30, 2020, the firm had sponsored 259 private placement real estate offerings, with investments and developments in the multifamily, self-storage, hospitality, healthcare...

November 12, 2020

How did CIM Real Estate Finance Trust, Inc. (“CMFT”) increase the number of shares to be issued to Cole Office & Industrial REIT III, Inc. (“CCIT III”) shareholders in the proposed merger with CMFT?

Answer: The previous conversion ratio was 1.093 shares of CMFT's common stock per share of CCIT III. The latest proposed conversion ratio, as of...

November 11, 2020

According to Brian Mitts, CFO at NexPoint’s real estate platform, how many publicly traded REITs focus on single family rental investments?

Answer: There are only two listed REITs that focus on single family rental investments: American Homes for Rent (NYSE: AMH) and...

November 9, 2020

Which continuously offered nontraded REIT was known as Dividend Capital Diversified Property Fund Inc. until September 2017?

Answer: Black Creek Diversified Property Fund, Inc. The REIT had an increase in rent collections between Q2 2020 and Q3 2020 and showed an increase in...

November 5, 2020

Which North Dakota company has acquired 27+ hotels and offers investors an UPREIT structure?

Answer: Legendary Acquisitions, based in Fargo, North Dakota, buys 80- to 400-room limited service, select service, full service and extended-stay hotels...

November 4, 2020

How many of the 60 nontraded REITs lowered their distribution rates between Q1 2020 and Q2 2020?

Answer: Thirteen REITs lowered their distribution rates between Q1 and Q2 2020...

November 3, 2020

Which private equity firm manages a portfolio of QSR (quick serve restaurants) that includes Burger King and Pizza Hut franchises?

Answer: Triton Pacific, founded in 2001, is a private equity firm offering income and growth investment programs for both accredited and...

October 29, 2020

Which sponsor of 1031 programs focuses its investments in necessity retail and healthcare properties with long-term net-leases backed by investment-grade corporations?

Answer: ExchangeRight's 1031 portfolios typically include net-lease properties with long-term leases to tenants such as CVS, Walgreens, Kroger, Fresenius...