Front-end sponsor compensation includes an acquisition fee of $298,400, dealer fee of $171,800, wholesaling fee of $429,500, and $536,875 in O&O expenses. Ongoing asset management fee is $0, trust administration is $27,500, and the back-end disposition fee is $4,227,685.
Front-end fee composition
Acquisition Fee$0.30M0.69%
DST Admin & Accounting$0.03M0.06%
Dealer Fee$0.17M0.40%
Wholesaling Fee$0.43M1.00%
Total front-end sponsor compensation$4,144,675 5.56% of acq. cost
Acquisition Fee
$298,400
0.69%
DST Admin & Accounting
$27,500
0.06%
Dealer Fee
$171,800
0.40%
Wholesaling Fee
$429,500
1.00%
Total Front-end Fees
$4,144,675
5.56%
Strengths
- Annual asset management fee is $0
Concerns
- High disposition fee of $4,227,685
- Multiple front-end fees including $429,500 wholesaling fee and $298,400 acquisition fee