The only rules that govern how publicly offered NAV REITs must calculate the net asset value (NAV) of their shares are Financial Industry Regulatory Authority (FINRA) rules applicable to broker-dealers participating in the offerings.
Published in the Real Estate Finance Journal, our alert answers frequently asked questions about how NAV REITs satisfy FINRA rules. More specifically, we examine the role of third-party valuation experts in the NAV procedures of the top ten NAV REITs that primarily make equity real estate investments.
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