How many of the 46 closed nontraded REIT programs had distribution yields of 7.00% or higher in the 2nd Quarter 2016 based upon their initial offering prices? Answer:  10 nontraded REIT programs  

What is a “Subordinated Incentive Listing Distribution” and how is it calculated? For 11 offerings of effective REITs as of September, 2016, the advisor is entitled to receive a listing incentive fee when the REIT’s common shares are listed on a national exchange of 15% of the amount over and above the “preferred return” rate…

How many different ways do the 30 open offerings as of September 30, 2016, calculate the “Asset Management Fees” or “Advisory Fees” for managing the REIT’s portfolio? There are at least 12 different methods or explanations used by the current offerings to calculate the Asset Management Fees according to the latest filings. Learn about these…

Which category of “issuer costs” has only an estimated percentage of offering proceeds, depending upon the actual proceeds compared to the maximum authorized capital raise? Additional offering and organizational costs, sometimes referred to as “issuer costs,” which are also paid from the offering proceeds in addition to selling commissions and broker dealer fees.

Of the 30 open offerings of nontraded REITs as of September 30, 2016, how many offered only one class of common shares? Only four open REITs offered a single common share class while all other open REITs had a total of 64 different share class categories including: 23 Class A, 23 Class T, and eight…

Of the 30 open nontraded REIT offerings as of September 30, 2016, how many had a continuous offering with either daily or monthly revisions to NAV and offering prices for their common shares? There were 30 open Nontraded REIT offerings as of September 30, 2016. Of those, five were continuous offerings of daily NAV products…

Which two nontraded REIT programs were merged with W. P. Carey (NYSE: WPC) and had over 11% in long-term capital gains at each of their respective full-cycle events? Answer: Corporate Property Associates 15 and 16

One interval fund has grown over 300% in the last two years... Versus Capital Multi-Manager Real Estate Fund has grown from around $100 million in AUM to over $1 billion in AUM over the past two years.  

Which nontraded REIT had over 18% of the total cash on hand for all nontraded REITs as of June 30, 2016? Answer: InvenTrust with over $812 million in cash.