Blackstone Real Estate Income Trust was declared effective by the SEC on August 31, 2016. How many share classes does this program currently offer? Answer: Four Share Classes (T, S, D, and I)

What does the country of Nepal and Nontraded BDCs have in common? Nontraded BDCs manage about $22 billion, which is roughly the same size as Nepal's GDP of roughly $22 billion.

You may recognize some of the private companies that nontraded BDCs invest in. See what companies you know of... Payless P.F. Chang's Neiman Marcus Guitar Center Jo-Ann Stores Belk Nathan's Famous California Pizza Kitchen David's Bridal Smile Brands Harbor Freight Tools Jacuzzi Brands Cemex WastePro USA

What is the limit applied by most states in the U.S. to the amount of an investor’s net worth that can be invested in any individual nontraded REIT program? Answer:  10%

The top three BDC performers for the first half of 2016 posted total returns of over 8%. NexPoint Capital - 19.36% FS Energy & Power Fund - 15.85% FS Investment Corporation III - 8.41%

What is the limit on total compensation from any source payable to the dealer manager or the participating broker dealers for a nontraded REIT offering?   Answer:  10% of the gross proceeds of the offering, excluding shares purchased through the DRIP

Which nontraded REIT has a sponsor that has committed to make a subordinated loan investment in the REIT to advance up to $36.0 million to maintain an estimated NAV of $10.00 or greater? Answer:  Lightstone Real Estate Income Trust, Inc.   Lightstone Real Estate Income Trust is classified by Blue Vault as an Emerging LifeStage™…

Most nontraded BDCs invest in private operating businesses. However, there is one BDC that invests in real estate. Terra Income Fund, 6 Inc. is a BDC that invests in real estate debt.

Among Maturing LifeStage nontraded REITs as of March 31, 2016, which REIT had the most properties and which REIT had the fewest property investments? Answer:  Cole Credit Property Trust IV, Inc. (879 properties) and American Realty Capital New York City REIT, Inc. (five properties) respectively. Maturing A maturing nontraded REIT’s acquisition and debt strategy is…