Inside the Vault

October 7, 2020

Of the 60 nontraded REITs in the Q2 2020 Blue Vault Nontraded REIT Review, how many reported lower net asset values per share from the Q1 2020 report?

Answer: Sixteen nontraded REITs reported lower NAVs in the Q2 2020 Blue Vault Nontraded REIT Review from...

October 6, 2020

Why are more renters choosing single family properties today over multifamily units?

Answer: According to NexPoint, single family homes offer more privacy and more space. Only 11% of apartments have three bedrooms, compared to...

September 30, 2020

What is the total asset size of the nontraded REIT industry and what percentage of industry assets is held by currently open nontraded REITs?

Answer: The nontraded REIT industry reported total assets of approximately $113.5 billion as of June 30, 2020, up from $111.5 billion as of...

September 30, 2020

How many nontraded REITs have merged or are planning to merge since 2018?

Answer: Currently there are 20 nontraded REITs that have merged or are planning to merge since 2018 and before the end of 2020. After these mergers there will...

September 29, 2020

Which nontraded REIT merger currently pending will result in a surviving nontraded REIT with an estimated $5.9 billion in assets under management?

Answer: The proposed merger of CIM Real Estate Finance Trust, Cole Office & Industrial REITs II and III, and Cole Credit Property Trust V will have...

September 24, 2020

What percentage of the $1.67 billion raised by nontraded REIT programs in Q2 2020 was raised by continuous offerings and what percentage was raised by traditional life cycle REITs?

Answer: 99.1% of the offering proceeds raised by nontraded REITs in Q2 2020 was raised by continuously offered programs. Just 0.9% was raised by...

September 23, 2020

How many nontraded REIT mergers have occurred since January 2019?

Answer: There have been five completed mergers of NTRs since January 1, 2019. There have been eleven NTRs involved in those mergers and...

September 22, 2020

Which nontraded REIT offering raised approximately $623 million in equity capital, including DRIP proceeds, in the first quarter of 2020, after a successful full-cycle event by the same sponsor in January 2020?

Answer: Black Creek Industrial REIT IV saw a large increase in gross offering proceeds in Q1 2020 after the successful sale of assets by...

September 17, 2020

Which listed REIT issued over $89 million in nontraded preferred stock in the first half of 2020?

Answer: Bluerock Residential Growth REIT, Inc. reported net proceeds from issuance of 6.150% Series T Redeemable Preferred Stock for the six months...