The Bigger Deals
The top private REITs in 2005 in terms of capital raised.
| Untraded REIT |
Price Per Share |
Minimum Investment |
Reallowed Commission to Rep |
Current Dividend |
| Apple REIT Six, Inc. |
$11.00 |
$5,000 ($2,000 Qual. Plan) |
7.5% |
8.0% |
| Behringer Harvard Opportunity REIT I |
$10.00 |
$2,000 |
7.0 |
NA |
| Behringer Harvard REIT I, Inc. |
10.00 |
2,000 |
7.0 |
7.0 |
| CNL Income Properties, Inc. |
10.00 |
5,000 ($1,000 Qual. Plan) |
6.5 |
5.5 |
| CNL Retirement Properties, Inc. |
10.00 |
5,000 |
6.5 |
7.1 |
| Dividend Capital Trust |
10.50 |
2,000 |
6.0 |
6.1 |
| Hines Real Estate Investment Trust |
10.00 |
2,500 |
6.0 |
6.0 |
| Inland American Real Estate Trust, Inc. |
10.00 |
3,000 ($1,000 Qual. Plan) |
7.0 |
NA |
| Wells Real Estate Investment Trust II, Inc. |
10.00 |
1,000 |
7.0 |
6.0 |
THE HOT DOTS
In 2005, REIT stocks had an average return of 8.29 percent — the sixth year in a row that REITs outperformed the S&P 500, which improved by 4.91 percent‥
| Year |
S&P Returns |
REIT Composite |
| 2001 |
-11.89% |
15.50% |
| 2002 |
-22.10 |
5.22 |
| 2003 |
28.68 |
38.47 |
| 2004 |
10.88 |
30.41 |
| 2005 |
4.91 |
8.29 |
| Source: National Association of Real Estate Investment Trusts |
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