NRF sponsors the Northstar Real Estate Income Trust, a non-traded mortgage REIT. Interesting to see how much money a sponsor expects to make from its non-traded REIT. NRF, according to the footnotes, expects to earn 3% per year on equity capital from asset management, origination, acquisition and disposition fees. I don't see any expectations for potential incentive fees. Wait, there is no incentive when the sponsor is earning 3% per year!
The slide above is public information and was extracted from an 8-K that NRF filed with the SEC on September 5, 2012. You can search NRF's filings to see the entire presentation.
2 comments:
how did you get this slide? You know you will be asked to take it down.
This slide is from a public filing, an 8-K, NRF filed on September 5, 2012. This blog has never put up non-public information.
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