Proceeds from the $116,607,479 equity raise are allocated to fund the $108,153,437 acquisition, sales loads of up to 6.0%, $250,000 in O/O expense reimbursements, and $1,031 in finance expenses.
Total Fees & Expenses
—
% of offering
6.00%
All-equity offering — load on equity equals load on offering price.
Where the offering proceeds go
Net to Property$108.15M92.8%
Unallocated / other uses$8.45M7.2%
Total fees & expenses
—
6.00% of offering
Offering expenses
—
— of offering
Reserves held
—
— of offering
Cost of Acquisition
| Item | Amount | % Equity | % Offering |
|---|---|---|---|
| Finance Expenses | $1,031 | 0.00% | 0.00% |
Offering Expenses
| Item | Amount | % Equity | % Offering |
|---|---|---|---|
| Selling Commissions | $6,996,449 | 6.00% | 6.00% |
Strengths
- All proceeds directly deployed to fund portfolio acquisition and standard syndication costs
Concerns
- Upfront sales load of up to 6.0% of total equity