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Cantor Fitzgerald Launches $1 Billion Non-Traded REIT

Rodin Global Property Trust Inc., a publicly registered non-traded real estate investment trust sponsored by Cantor Fitzgerald Investors, has been declared effective by the Securities and Exchange Commission.

The company plans to invest primarily in the acquisition of single-tenant net leased commercial properties located in the United States, United Kingdom, and other European countries.

Rodin Global Property Trust is offering up to $1 billion of shares of common stock in its primary offering, consisting of three share classes: Class A, Class T, and Class I shares. This minimum purchase for shares of common stock is $2,500. The REIT is also offering an additional $250 million of shares under its distribution reinvestment plan at an initial price of $25.00 per share.

The sponsor has agreed to pay 1 percent of the selling commissions and all of the dealer manager fees associated with the sale of Class A and Class T shares, and all of the dealer manager fees for Class I shares.

Class A shares are priced at $26.32 each and include a 6 percent selling commission and 3 percent dealer manager fee.

Class T common shares are priced at $25.51 each and include a 3 percent selling commission, a 3 percent dealer manager fee, and 1 percent annual distribution fee.

Class I common shares, which are typically sold to institutional investors, are priced at $25.00 each and include a 1.5 percent dealer manager fee.

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.

Cantor Fitzgerald & Co. will serve as the dealer manager for the offering.

Cantor Fitzgerald Investors is a wholly-owned subsidiary of Cantor Fitzgerald LP and develops and sponsors real estate investment products. Cantor Fitzgerald specializes in financial services, real estate services, and finance for institutional customers operating in the global financial and commercial real estate markets.

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