Answer: American Realty Capital Trust III at 14.63% without DRIP, 18.34% with all distributions reinvested
December 20, 2017
Inside the Vault
December 20, 2017
December 19, 2017
For the 43 interval funds that have filed with the SEC and declared a fiscal year, how many different fiscal year-ends have been declared?
Answer: The 43 interval funds have declared eight different fiscal year-ends. (February, March, April, June, July, September, October, December)
December 17, 2017
Which nontraded REIT merged with Apple Hospitality REIT, Inc. (APLE) on September 1, 2016, and what has been the resulting appreciation of the stock in the listed stock since the merger?
Answer: Apple REIT Ten, Inc. merged with Apple Hospitality REIT. On September 1, 2016, APLE closed at $18.51 per share. On December 8, 2017, APLE closed at $19.74 per share (+6.6%), with an estimated dividend yield of 6.06%.
December 15, 2017
Which nontraded REIT program consummated the sale of a portfolio of 10 properties to complete the liquidation of its portfolio, resulting in a final cash distribution to shareholders of $0.55 per share, on or around December 20, 2017?
Answer: Industrial Income Trust, Inc., which merged with an affiliate of Global Logistics Properties Limited on November 4, 2015.
December 14, 2017
Which nontraded REIT program had a stock-distribution adjusted sum of cash distributions paid to common shareholders who invested in 2010 of $18.21 per share as of the full-cycle date of October 24, 2017.
Answer: CNL Growth Properties, Inc., which declared a final liquidating distribution of $5.35 to stockholders as of October 17, 2017, to be paid on or around October 24, 2017.
December 13, 2017
As of July 30, 2017, which reinsurance interval fund had the highest total assets among interval funds?
Answer: Stone Ridge Trust II with $4.950 billion in total assets
December 11, 2017
Which new interval fund recently filed a $1 billion offering to invest in real estate and CRE debt?
Answer: Broadstone Real Estate Access Fund, Inc. filed a preliminary prospectus with the SEC on October 13, 2017.
December 8, 2017
Which real estate interval fund had $1.711 billion in total assets according to its most recent filing?
Answer: Griffin Institutional Access RE Fund
December 6, 2017
Which equity interval fund ranked second in total assets among all interval funds according to most recent filings?
Answer: ACAP Strategic Fund with $2.003 billion in total assets.
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