private REIT

private REIT

A real estate investment trust that is not traded on the national stock exchanges. Investments typically last for a set time period,usually 10 to 12 years.At the end,investors cash out through an initial public offering,a merger,or a liquidation.The investment usually lacks the liquidity of a publicly traded REIT—it is often difficult to redeem the shares or sell to a third party. Also called unlisted REIT,nontraded REIT,and nonpublicly traded REIT.

References in periodicals archive ?
UPREIT transactions are, by nature, mutually beneficial: in this case, the former property owners were able to exchange actively-managed real estate for a passive interest in a diversified, professionally managed portfolio on a tax-deferred basis, and at the same time, our private REIT acquired an attractive property and added new equity capital.
We [started out] functioning more like a private REIT, an investment vehicle--not an operator.
The transaction represents the largest public to private REIT transaction in the multifamily sector.
With FIRPTA, most of the foreign investors can't invest more than 49% and maintain their tax status," said Bassen, who uses the private REIT route.
In late May, Indianapolis-based Simon Property Group, a public REIT and the country's biggest mall owner, in conjunction with Sydney, Australia--based Westfield America Trust, a private REIT, was still pursuing its hostile takeover of Bloomfield Hills, Michigan--based Taubman Centers Inc.
Before joining Advance, Asset Management Associate Naresh Patel underwrote more than $2 billion in commercial real estate loans as an investment associate at NorthMarq Capital and also helped manage Prudential Real Estate Investors (PREI), a $2 billion private REIT.
Since Japana s first private REIT was created in 2010, the market for such trusts has expanded to meet the needs of investors looking for long-term stable investments, and SRM will be forming this new private REIT with this in mind.
In October 2015, BNL acquired a portfolio of 36 Jack's Family Restaurants for approximately $83 million, which represents the largest portfolio acquisition to date for the private REIT.
Madison International Realty specializes in acquiring partial ownership, joint venture, private REIT and listed shares in class A properties and portfolios in primary markets in the U.
and 1 open-ended unlisted REIT (Nomura Real Estate Private REIT, Inc.
Domestic pension plans also can find it advantageous to make use of a private REIT when dealing with the tax on unrelated business income that tax exempt entities may be subject to.
com) is an institutionally backed private REIT formed for the purpose of acquiring and managing high quality row crop farmland in the United States.