Sponsor compensation includes a $2,295,000 acquisition fee, $100,000 annual asset management fee, up to 6.0% selling commissions, and a [4.5]% disposition fee.
Front-end fee composition
Acquisition Fee$2.29M4.41%
Dealer Fee$1.56M3.00%
Total front-end sponsor compensation$4,878,680 6.38% of acq. cost
Acquisition Fee
$2,295,000
4.41%
Dealer Fee
$1,559,560
3.00%
Total Front-end Fees
$4,878,680
6.38%
Strengths
- Annual asset management fee is fixed at $100,000
- No selling commissions paid on interests sold directly by the company
Concerns
- Acquisition fee of $2,295,000 paid upfront to sponsor
- Selling commissions of up to 6.0% and a [4.5]% disposition fee