Mar 22 2016 | by DI Wire
Carey Watermark Investors 2 Inc., a publicly registered non-traded real estate investment trust sponsored by WP Carey (NYSE: WPC), announced that its board of directors determined an estimated per share value of $10.53 for the company’s common stock, as of December 31, 2015.
The NAV was calculated by Carey Lodging Advisors, the REIT’s advisor, relying partially on a portfolio appraisal by PKF Consulting USA | CBRE Hotels and mortgage debt valuation estimates by Robert A. Stanger & Co.
Based on the new NAV, Carey Watermark Investors 2 adjusted the offering prices of its Class A, Class T shares, and DRIP shares.
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