Sponsor compensation includes a $578,638 acquisition fee, $654,256 dealer fee, up to 6.0% selling commissions, and a ($35,000) annual asset management fee.
Front-end fee composition
Acquisition Fee$0.58M2.65%
O/O Expense Reimbursement$0.10M0.46%
Dealer Fee$0.65M3.00%
Total front-end sponsor compensation$2,234,533 6.76% of acq. cost
Acquisition Fee
$578,638
2.65%
O/O Expense Reimbursement
$100,000
0.46%
Dealer Fee
$654,256
3.00%
Total Front-end Fees
$2,234,533
6.76%
Strengths
- Disposition fee is conditioned on sale price exceeding the offering price
- Asset management fee reported at ($35,000) annually
Concerns
- Selling commissions of up to 6.0% on gross offering equity
- Acquisition fee of $578,638 and dealer fee of $654,256