40 Nontraded REITs (56% of NTRs) were classified as Maturing according to Blue Vault's LifeStage™ classification at December 31, 2015. A Maturing LifeStage™ is classified as follows: The REIT is closed. Assets Under Management are usually greater than $500 Million 4 - 8 years have passed since the initial effective date Owns 30+ Properties/Investments MFFO payout…

In the 3Q 2015 cap rate spreads across all CRE property types relative to the 10-year U.S. Treasury yield were 60 basis points above the 10-year average, indicating some room for property valuations to accommodate rising interest rates.

Cole Credit Property Trust IV had by far the most commercial real estate properties as of 3Q 2015, with 854.

Two nontraded REITs specialize in self-storage assets (Strategic Storage Growth Trust and Strategic Storage Trust II), and several others are acquiring self-storage properties. The two REITs had a total of 41 properties in 3Q 2015 while the U.S. has approximately 44,000 self-storage facilities. ExtraSpace Storage acquired the nontraded REIT SmartStop in 2015, and is now…

According to the National Council of Real Estate Investment Fiduciaries (NCREIF), the appraised value of all U.S. commercial property types increased by an average of 3.09% in 3Q 2015 and over 13% year-over-year.

As of 3Q 2015, the largest nontraded REIT in total assets was Corporate Property Associates 17 – Global, Inc., with $4.54 billion in total assets. www.WPCarey.com Corporate Property Associates 17 – Global, Inc. 50 Rockefeller Plaza New York, NY 10020