We re-calculate the unit price at least once per year and are required by the Declaration of Trust to do it every year at Dec 31st. The unit value is determined by the income that is earned by the portfolio and subsequently distributed to our unitholders. Those annualized distributions are then divided into our benchmark 9% return threshold to get to a marketable unit value that closely tracks the real estate equity. What triggers a re-evaluation of the REIT?There are 4 trigger points:
- At the release of an Offering Memorandum ("OM")
- At the close of an OM
- At the close of the fiscal year (December 31st)
- If at any point outside of an OM, greater than 10% of the portfolio's market value is bought or sold
