The master tenant structure includes $1,150,000 in reserves, with an external advisory structure compensating officers as the operating REIT entity maintains no direct employees.
Ongoing fee rates
Trust Administration
Administration
of Fee of up to 0.15% per annum of the amount of the Maximum Offering Amount that consists of Interests
Strengths
- Upfront reserves of $1,150,000 support ongoing property operations
Concerns
- REIT entity has no direct employees and relies entirely on external Adviser
- Multi-property or multi-trust reporting consolidation risk in portfolio structures