Cantor Fitzgerald REIT Declares Increased NAV

The board of Rodin Global Property Trust Inc., a publicly registered non-traded real estate investment trust sponsored by Cantor Fitzgerald Investors, approved an estimated net asset value for its Class A, Class I, and Class T shares of common stock, as of September 30, 2017.

Class A and Class I shares have an estimated NAV per share of $24.89, while Class T shares have a NAV of $24.88 per share. The board previously approved an estimated NAV per share of $24.64 for Class A, Class T and Class I shares, as of June 30, 2017.

The calculation was performed by independent valuation firm Robert A. Stanger & Co. in accordance with Investment Program Association guidelines.

The REIT commenced its $1.25 billion initial public offering in March 2017 and satisfied the minimum offering requirement following the purchase of $2 million in Class I shares by the REIT’s sponsor.

Rodin Global Property Trust invests primarily in single-tenant net leased commercial properties located in the United States and Europe and raised approximately $15 million in investor equity, as of November 10, 2017. The primary offering is expected to terminate on March 23, 2019, unless extended by the board. As of the third quarter 2017, the company owned one retail property purchased for $7.9 million and a $2.4 million interest in a Delaware statutory trust, which owns seven properties.

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