Alternative investments platform Yieldstreet has launched its Growth & Income REIT, giving smaller investors greater access to the commercial real estate market, the company announced.
Yieldstreet’s Growth & Income REIT fund, a public, non-traded REIT, will invest in commercial real estate targeting the top 50 metropolitan statistical areas focusing on top performing commercial real estate markets in coastal and sunbelt cities.
The REIT will also invest opportunistically in debt securities to support on-going income distributions.
The primary investment objective is to realize capital appreciation with ongoing cash distributions to stakeholders. The REIT has a target net annualized return of 11-15% over a full market cycle, with approximately 5% of current income per year with quarterly payments and quarterly redemptions after the first year invested in the fund.
Property types within the Growth & Income REIT will primarily include multifamily, industrial, retail, hospitality, and self-storage properties.