Inside the Vault- Page 52 of 99

Inside the Vault

February 26, 2020

How many open NTRs had annual distribution yields of 5.00% or greater as of September 30, 2019?

Answer: 12 NTRs had distribution yields of at least 5.00% as of September 30, 2019. Moody National REIT II, Inc. lead all open NTRs with a distribution yield of 7.01%.

February 19, 2020

How many NTRs reported total assets in excess of $2.0 billion as of September 30, 2019?

Answer: 16 NTRs reported total assets in excess of $2.0 billion as of September 30, 2019, with Blackstone Real Estate Income Trust leading...

February 12, 2020

How many properties were acquired by nontraded REITs in the third quarter of 2019?

Answer: The nontraded REIT industry acquired 420 properties in the third quarter of 2019, almost double the second quarter total of...

February 5, 2020

What was the median distribution yield during the third quarter of 2019 for both open and closed nontraded REITs?

Answer: During the third quarter of 2019, the median distribution yield for open NTRs was 5.20% while the median distribution yield for...

January 29, 2020

Based on Blue Vault’s definition of a full-cycle event, how many full-cycle events took place in the second quarter of 2019?

Answer: After four full-cycle events in the first quarter of 2019, there were no full-cycle events in the second quarter of 2019. There were several mergers...

January 15, 2020

Which NTR officially completed its previously announced merger on October 31, 2019?

Answer: Phillips Edison Grocery Center REIT III merged into Phillips Edison & Co. on October 31, 2019. The proposed merger was previously announced on...

January 8, 2020

CNL Strategic Capital, LLC is a nontraded LLC externally managed by CNL Strategic Capital Management and sub-managed by Levine Leichtman Strategic Capital. On August 1, 2019, CNL Strategic Capital acquired a controlling interest in their third company. What were the terms of this investment?

Answer: CNL Strategic Capital acquired a controlling interest of approximately 81% in Auriemma U.S. Roundtables. CNL made a $44.5 million investment consisting of approximately...

December 30, 2019

As of September 30, 2019, how many NTRs reported cash in excess of $100 million on their respective balance sheets?

Answer: Seven NTRs reported cash in excess of $100 million as of September 30, 2019. Cole Office & Industrial REIT (CCIT II), Inc. led the industry with...

December 18, 2019

Which self-managed nontraded REIT recently sold $150 million in convertible preferred stock to a listed REIT in the same industry sector?

Answer: SmartStop Self Storage REIT Inc. entered into a preferred stock purchase agreement with a subsidiary of Extra Space Storage, Inc. (NYSE: EXR) in which EXR committed to purchase up to...