NEW YORK, April 3, 2017 /PRNewswire/ -- Rodin Global Property Trust, Inc. ("RGPT") announced today that the registration statement relating to its initial public offering has been declared effective by the Securities and Exchange Commission. RGPT is a public non-traded Real Estate Investment Trust (REIT) formed to invest in and manage a diversified portfolio of income-producing commercial properties and other real estate-related assets. RGPT intends to invest primarily in the acquisition of single-tenant net leased commercial properties located in the United States, United Kingdom and other European countries.
RGPT is offering up to $1 billion of shares of common stock in its primary offering, consisting of three share classes: Class A common shares at an initial price of $26.32 per share, Class T common shares at an initial price of $25.51 per share, and Class I common shares at an initial price of $25.00 per share. RGPT is offering an additional $250 million of shares of common stock under its distribution reinvestment plan at an initial price of $25.00 per share.
Commencing 45 days following the end of the quarter in which the minimum offering requirement is satisfied, the offering prices will equal the NAV per share as of the most recent valuation date, as determined on a quarterly basis, plus applicable upfront selling commissions and dealer manager fees, less applicable sponsor support.
Cantor Fitzgerald & Co. is the dealer manager for the RGPT offering. A copy of the prospectus for the offering is available without charge upon written request addressed to Cantor Fitzgerald & Co., 110 East 59th Street, New York, NY 10022, Attn: Cantor Fitzgerald Capital.
About Rodin Global Property Trust, Inc.
Rodin Global Property Trust, Inc. is a publicly registered Maryland corporation sponsored by Cantor Fitzgerald Investors, LLC that intends to elect to qualify as a real estate investment trust for federal income tax purposes.
Cantor Fitzgerald Investors, LLC, a wholly-owned subsidiary of Cantor Fitzgerald LP, develops and sponsors real estate investment products.
Cantor Fitzgerald LP is a diversified organization specializing in financial services and real estate services and finance for institutional customers operating in the global financial and commercial real estate markets.
Note to Editors: Howard W. Lutnick, Chairman and Chief Executive Officer, and Anshu Jain, President, lead Cantor Fitzgerald LP, the parent company of Cantor Fitzgerald & Co.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release must be read in conjunction with the prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of the prospectus must be made available to you in connection with any offering.
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SOURCE Rodin Global Property Trust, Inc.