Of the 17 offerings by nontraded REITs as of June 30, 2021, how many had an acquisition fee in their prospectuses?
Answer: Only one REIT had an acquisition fee in their offering prospectus as of June 30, 2021. That fee was 1.50% of the acquisition cost. In the Third Edition of the Blue Vault NTR Fee Study, there were four REITs that had acquisition fees.