Through a joint venture with Everest Properties we participate in a REIT tender strategy that seeks to capitalize on the illiquid nature of SEC reporting, non-traded real estate investment trusts. These REITs may trade at a discount for a variety of reasons, such as temporary illiquidity, control issues, excess leveraging, or capital needs of the partnership.
By taping into our partners experience in this niche market, we avail ourselves of compelling returns while maintaining the traditional benefits of investing in REITs.
What is a REIT?
A REIT, or Real Estate Investment Trust, is a company that owns, operates, and/or finances income-producing real estate. They can own a wide range of property types including offices, shopping centers, hotels, data centers, and apartments.
What is a mini REIT tender?
A REIT mini-tender is an offer from a buyer to purchase five percent or less of the targeted asset. The buyer offers the current shareholders of privately and/or non-traded REITs liquidity in exchange for a discount off of the net asset value.