For determining suitability of investments in nontraded REITs, what percentage of an investor’s net worth have many states set as the maximum investment in these programs? Answer: 10% of their liquid net worth

What year did Congress make the amendment to allow the creation of Business Development Companies (BDCs)? Answer:  In 1980, Congress passed an amendment to the 1940 Investment Company Act to allow business development companies for the purpose of investing and encouraging private businesses in the United States.

What items are excluded from the calculation of a nontraded REIT investor’s net worth for the purpose of determining suitability? Answer: the value of the investor’s home, home furnishings and automobiles

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