Discussion
Been reading about non-traded REITs after a conversation on a job site and I don't understand the core sell. The pitch is that shares don't swing with daily market sentiment, so y…
Loss
I've been researching for months and hadn't bought anything, so when an advisor walked me through a public non-traded REIT I was ready to move. Minimum was 2,500, I put in 20,000.…
Win
I had 120k to place and no interest in watching a ticker. The thing I wanted to know before committing was whether the sponsor's repurchase plan had ever been tested and what happ…
Discussion
I'm sorting through which parts of this industry I might actually want to be in, and non-traded REITs keep coming up as the passive option. What I don't understand is what I'm act…
From the desk:
Closing a land parcel sale next month, roughly 240k net after costs, and I'm not replacing it with more dirt this cycle because the entitlement timelines in my county have gotten…
Loss
Finished this one out last quarter and it's the most expensive lesson on my list so far. 60k into a private non-traded REIT, Reg D offering through an accredited platform, industr…
Discussion
I'm close to funding a small position in a public non-traded REIT and the subscription form makes me pick: take distributions in cash to my bank account, or reinvest them into mor…
Discussion
Working through the valuation section of a public non-traded REIT and I want to know how much weight the NAV can carry. Monthly NAV, independent valuation advisor reviewing apprai…
From the desk:
Building a comparison sheet and I want somebody to break it. Non-traded NAV REIT, quoted distribution rate 5.5% on NAV, sponsor's own materials suggest low single digit NAV apprec…
Discussion
Both are public non-traded, both registered and audited, both quoting a distribution rate inside a quarter point of each other. One runs the portfolio at 34% loan to value, mostly…
Discussion
Two things came across my desk in the same month. One is a public non-traded REIT holding nothing but data centers and a small amount of build-to-suit development. The other is a…
Discussion
I want income without picking up a second job, which is how I ended up looking at public non-traded REITs. The registered ones with audited financials and a $2,500 minimum are wit…
Loss
Wrote this up because the mistake is embarrassing in a structural way rather than a stupid one, and I'd rather someone else not repeat it. I run three to five renovation deals at…
Discussion
Working through a public non-traded REIT prospectus and the share class mechanics don't reconcile for me. Class T carries a 3.0% upfront selling commission plus a 0.5% dealer mana…
From the desk:
I have 18k sitting from a settlement and the first rental doesn't close for another five months, so I've been reading about public non-traded REITs as a place to put part of it in…
Discussion
Everything is new here so forgive the level of this. I looked at two of these. One said $2,500 minimum and asked nothing about my income. The other had a form asking me to certify…
From the desk:
Framing job last week, one of the guys says he put 30k into a private REIT through some platform and he can't get it out for two years. He said it like it was a good thing. I've b…
Loss
Closing this position out taught me more than holding it did, so here's the whole arc. Bought in 2018 through an advisor. 60k, Class A shares of a public non-traded REIT, diversif…
From the desk:
Been holding a position in a public non-traded REIT for four years, funded out of retained earnings from the service business. Nothing dramatic, it's the part of the balance sheet…
Discussion
Rural markets and low price points are my usual lane, so a $2,500 minimum on a registered non-traded REIT was the first thing in this category I could reach at all. Then I found t…