Inside the Vault

August 20, 2020

Which nontraded BDC recently changed its name effective August 5, 2020?

Answer: On and effective August 5, 2020, TP Flexible Income Fund, Inc. changed its name to Prospect Flexible Income Fund, Inc. Through March 31, 2020...

August 19, 2020

Open NTRs produced a median distribution yield of 5.03% in the first quarter of 2020. How does this compare to the fourth quarter of 2019?

Answer: The median distribution yield for open NTRs in the fourth quarter of 2019 was 5.00% compared to a median distribution yield of...

August 18, 2020

Which interval fund has produced an annualized return of 7.35% since inception in 2012 and through June 30, 2020?

Answer: Bluerock Total Income+ Real Estate Fund has produced an annualized return of 7.35% since inception in 2012 for its Class A shares, excluding...

August 12, 2020

Which self-managed REIT manages approximately 96,000 self-storage units with a combined 10.9 million rentable square feet?

Answer: SmartStop Self Storage REIT, Inc. is the tenth-largest self storage company in the U.S., with approximately $1.6 billion of real estate assets under management, including 112...

August 11, 2020

Which private equity manager recently purchased five restaurants for $1.00?

Answer: Tasty Restaurant Group, a wholly-owned affiliate of Los Angeles-based private equity firm Triton Pacific, announced that it entered into a...

August 11, 2020

Which nontraded REIT that invests solely in industrial assets has raised over $755 million in equity capital YTD through July 2020?

Answer: Black Creek Industrial REIT IV reported sales in July of $32.5 million bringing its total for 2020 through July 31, 2020 to $755.6 million, including...

August 6, 2020

Which two sponsors of nontraded REITs also manage Qualified Opportunity Funds?

Answer: CIM Group manages CIM Opportunity Zone Fund LP and Griffin Capital manages...

August 5, 2020

Which listed REIT owns over 16,400 apartment units and approximately $2.5 billion in property assets and is currently offering 6.15% Series T Redeemable Preferred Stock?

Answer: Bluerock Residential Growth REIT (NYSE: "BRG") is a listed REIT that is currently offering a redeemable nontraded...

August 4, 2020

Who is the sponsor of Tasty Brands, LP, a tax-advantaged offering focused on acquiring and operating nationally recognized quick service restaurants?

Answer: Triton Pacific is a Los Angeles, CA based private equity firm founded in 2001 and is the sponsor of Tasty Brands, LP. Tasty Brands has rapidly...