Front-end compensation includes a $470,412 dealer fee, $148,500 CM fee, and $784,020 in broker-dealer allowances. The ongoing asset management fee is 0.30% of Additional Rent.
Front-end fee composition
Dealer Fee$0.47M1.50%
Total front-end sponsor compensation$2,932,236 5.92% of acq. cost
Dealer Fee
$470,412
1.50%
Total Front-end Fees
$2,932,236
5.92%
Strengths
- Asset management fee structured as 0.30% of Additional Rent
Concerns
- Upfront fees represent 9.35% of acquisition cost
- Selling commission breakdown is not disclosed