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.

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He is also of counsel with the law firm of Greenbaum Rowe Smith & Davis, and a director of Four Springs Capital, a private REIT.
Capital Markets arranged the financing on behalf of the developer, Florida-based Rescore Property Corp., a private REIT. The nonrecourse loan represented 80 percent of the total project cost.
Lawyers in this group are familiar with industry best practices and are well versed in the structuring and formation of a wide variety of real estate private equity funds, including those adopting a private REIT structure.
RREEF II is a private REIT headquartered in Chicago and has 100 properties, totaling $13 Billion mostly located in the 10 largest metro areas in the US.
These included several "firsts" in the region such as a private REIT regime, the first Foundations regime in the UAE and a range of other flexible legal vehicles to structure transactions and assets locally rather than in remote jurisdictions, a calibrated venture capital framework for fund managers, an efficient aviation financing regime, operating one of the world's most active regulatory sandboxes for FinTech firms and others.
Strategic Student and Senior Housing Trust, Inc., is a private REIT sponsored by SmartStop Asset Management, LLC that focusses on the acquisition of income-producing, Class "A" student housing and senior housing communities.
It has created the first private Reit regime in the region, provided a comprehensive suite of funds and innovative investment vehicles, enabling global and local institutions to conduct activities in Abu Dhabi and the region that could only be done overseas in the past.
Meanwhile, Emirates REIT has been expanding by building up a portfolio in Abu Dhabi, and its managing firm, Equitativa, in February 2017 launched a new private REIT called The Residential REIT, a trust that comprises about 500 homes in Dubai and Ras Al Khaimah, including Motor City and Al Hamra Village and is the first REIT focused on residential property only in the UAE.
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.
Prior to closing, one of the private REIT's shareholders, a family member uninvolved in management, threatened to sue, believing that the merger price was too low.
JPM: Why would the exchange be preferable to turning a pooled fund into a private REIT?