Feb 24 2016 | DI Wire
Dividend Capital, a sponsor of non-traded real estate investment trusts, recently launched Logistics Property Trust Inc., a $2 billion non-traded REIT that focuses on high-quality distribution warehouses and other industrial properties. The company expects to meet its minimum offering by the end of the year.
Logistics Property Trust is offering up to $1.5 billion in shares of common stock in its primary offering, and up to $500 million in DRIP shares. Two classes of shares of common stock will be available, class A shares and class T shares.
Class A shares, which will be sold for $10.00 each, have a selling commission of 7 percent, a dealer manager fee of 2.5 percent, and no distribution fee.
The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.