InvenTrust's spin-off of Xenia Hotels and Resorts (XHR) has held up well in the market since its listing in February. It has traded over $22 per share since mid-March. Inland has had more good news, as its latest non-traded REIT, Inland Real Estate Income Trust, raised over $88 million in March, placing it third out of all non-traded REITs in sales. Not too shabby.
5 comments:
Congrats to them for raising $88M last month. However, I would suspect it has a lot to do with the fact that they are one of only a few options available at most BD's right now. i.e. they are one of two offerings at NPH right now. Since Cole and RCS were on the sidelines, it was like having ice hockey in the winter olympics with the Russians and USA boycotting and Brazil winning by default.
yes, I agree, Inland had some positive factors helping it, but still, $88 mill by almost a factor of two, is the best month Inland has had in a long time. Over three months it was in the top five. Going forward it'll be interesting to watch as Cole, ARC, NorthStar, and Griffin get back. While Inland got cash while some of its competitors were off-line, Hines Global II can't get any traction and didn't even place in the top 15 over one or three months.
I think you are right ...
NPH will start to lose advisors.
Run....and don't look back !!!!!!!!!!!!!!!!!!
Inland NAV 12/31/13 $6.94/share (initial offering price $10/share)
Xenia spin-off February 2015 (2.76)/share Cost $22.08/8 for 1 shares
Net Inland NAV $4.18/share
Add'l valuation loss (.18)/share
Inland NAV 12/31/14 $4.00/share
Top Inland executives received maximum incentives in 2014 ...CEO just short of $1.0 million...yet performance/NAV valuation declined...says it all
Incentive measures/targets are NOT in alignment with investor/shareholder value appreciation
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