Inside the Vault

September 18, 2019

Which nontraded REIT program raised an estimated $48.2 million in equity in 1990?

Answer: Corporate Property Associates 10, Inc., a nontraded REIT sponsored by W.P. Carey, raised an estimated $48.2 million in 1990. This is the first nontraded REIT...

September 4, 2019

Which nontraded REIT purchased an apartment complex in West Palm Beach, Florida, in May 2019 and survived the passing of Hurricane Dorian on September 3, 2019, unscathed?

Answer: Cottonwood Communities, Inc., a nontraded REIT program, purchased the 256-unit apartment community in May 2019 for...

August 28, 2019

Which Emerging nontraded REIT had raised $58.7 million in its public offering as of August 9, 2019, owned one apartment complex in West Palm Beach, Florida, and recently filed a revision to its public offering to include both Class A and Class T shares?

Answer: Cottonwood Communities, Inc. filed a Post-Effective Amendment on August 6, 2019, to offer both Class A and Class T shares. The REIT's advisor will pay both selling commissions and...

August 21, 2019

Which sponsor of a nontraded REIT had a real estate portfolio consisting of 4.6 billion square feet worldwide in 2018?

Answer: Jones Lang LaSalle Incorporated sponsors Jones Lang LaSalle Income Property Trust, Inc., a nontraded REIT with a perpetual offering and $2.26 billion in assets as...

August 13, 2019

Of the 32 interval funds currently covered by Blue Vault, what is the most commonly used fiscal year-end date?

Answer: Seven funds use September 30 as their fiscal year-end date, followed by six funds who use October 31 as their fiscal year-end date, and five funds...

August 7, 2019

Which nontraded BDC program raised 96% of the capital raised in June by the three nontraded BDCs currently offering common shares?

Answer: Owl Rock Capital Corporation II raised a reported $36.37 million in June, over 96% of the $37.77 million raised by three nontraded BDCs in the month.

July 31, 2019

With the added benefit of daily NAV reporting, which two volatility measures does Blue Vault report in our Interval Fund reports?

Answer: Interval Funds report daily NAVs that allows Blue Vault to report both standard deviations and Sharpe Ratios for the total returns of Interval Funds, measures of volatility in returns and risk-adjusted returns, respectively.

June 26, 2019

Which sponsor of nontraded REIT programs has two open offerings focused on investments in self-storage properties, student housing and senior housing properties?

Answer: SmartStop Asset Management's current offerings include Strategic Storage Trust IV, focusing on income producing & growth self-storage properties, and Strategic Student & Senior Housing Trust, focused on income and growth student and senior housing properties.

June 19, 2019

Which nontraded REIT recently announced a merger which will add 61 healthcare facilities to its portfolio of 56 healthcare and 29 data center properties?

Answer: On April 11th, Carter Validus Mission Critical REIT II, Inc. announced the entry into a merger agreement with Carter Validus Mission Critical REIT, Inc. The merger, if consummated, would add 61 healthcare properties to its portfolio and create a combined company with a total enterprise value of approximately $3.2 billion.