Which continuously offered nontraded REIT reported a 5.7% increase in the estimated NAV for its Class I shares from January 2022 to February 2022?
Answer: Ares Industrial Real Estate Income Trust, Inc., (fka Black Creek Industrial REIT IV, Inc.) reported an estimated NAV per Class I share as of February 28, 2022, of $13.5719, up from the January 31, 2022, estimate of $12.8360, an increase of 5.73%.
