As offshore capital continues to pour into U.S. real estate, Non-Traded Public REITs (NTRs) have emerged as an increasingly attractive vehicle for investors seeking consistent income and portfolio diversification. Yet, unlike their publicly traded counterparts, these REITs face unique valuation and reporting challenges that demand expert oversight.
This article from Marshall & Stevens explores how independent valuation, rigorous NAV analysis, and transparent reporting standards are redefining credibility in the NTR market, and how these practices not only meet compliance standards but also strengthen investor confidence and global capital access. Discover why transparency is now the new currency of trust and how expert valuation can drive long-term success for NTR sponsors and investors alike.
Unlike publicly traded REITs, where share prices are set through market activity and daily price discovery. Non-Traded REITs require independent, third-party valuation assistance to establish fair value for financial reporting, investor statements, and regulatory compliance.
Historically, many Non-Traded REITs issued investor statements reflecting a static $10 per share price, regardless of underlying performance. Today, that practice is no longer acceptable under modern regulatory and investor scrutiny.
Current standards require Non-Traded REITs to engage independent experts to assist in determining and striking the Net Asset Value (NAV). This process demands rigorous, supportable analysis of real estate holdings, debt, market conditions, and management assumptions.
Transparent NAV reporting not only satisfies compliance obligations, it also builds investor confidence and enhances access to offshore capital.
At Marshall & Stevens, we support Non-Traded REITs throughout the valuation lifecycle, from initial asset acquisition to quarterly and annual fair value reporting. Our professionals provide the independent valuations required under ASC 820 and related financial reporting standards, as well as ongoing NAV support, fairness opinions, and portfolio reviews for sponsors and boards of directors.
Conclusion: In today’s evolving real estate investment landscape, accurate and transparent valuation is more than a regulatory requirement, it’s a strategic advantage.
By partnering with experienced valuation professionals, Non-Traded REITs can meet the highest standards of compliance while reinforcing investor trust and market integrity. With a proven track record across real estate, infrastructure, and alternative assets, Marshall & Stevens empowers NTR sponsors to deliver clarity, confidence, and sustainable growth in a marketplace that values transparency above all.
With decades of experience across real estate, infrastructure, and alternative asset valuation, Marshall & Stevens helps Non-Traded REITs maintain the credibility and transparency global investors expect.
For additional information, contact:
Patrick Craig, MAI, MRICS Marshall & Stevens, Practice Leader, Real Estate Valuation [email protected] | D: 212.897.9481
OR
Jonathan Adelson Marshall & Stevens, Managing Director, Business Development [email protected] | D: 646.243.0219
