Which nontraded REIT program’s board voted to suspend its cash distributions in April 2016 and pay distributions in stock at an annualized rate of 7.16% based upon its then DRIP price? Answer:  American Realty Capital Hospitality Trust , Inc.  Distributions for the quarter ended June 30, 2016 were paid in common stock in an amount…

The top three capital raising BDCs raised nearly $717 million of the $1.1 billion raised in the first half of 2016. a. FS Energy and Power Fund raised $332 million b. FS Investment Corporation III raised $201 million c. Corporate Capital Trust raised $184 million

Which closed nontraded REIT program had the highest distribution yield (8.25%) in the 2nd Quarter 2016 based upon its initial offering price? Answer: Realty Finance Trust, Inc. (formerly ARC Realty Finance Trust, Inc.)

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…