Rodin Global Property Trust, inc. · Rodin Global Property Trust, Inc. — “Rodin Global” —...

8
1 We expect to elect to be taxed as a real estate investment trust (“REIT”) beginning in the taxable year ending December 31, 2017. Once we qualify as a REIT, our failure to remain qualified as a REIT would result in higher taxes, may adversely affect our operations, would reduce the amount of income available for distribution, and would limit our ability to make distributions to our shareholders. This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by prospectus. This literature must be preceded or accompanied by a current prospectus. As such, a copy of the current prospectus must be made available to you in connection with this offering and should be read in order to understand fully all of the implications and risks of this offering. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the Attorney General of the State of New York nor any other state or federal securities regulator has passed on or endorsed the merits of this offering or these securities or confirmed the adequacy of the prospectus. Any representation to the contrary is unlawful. All information contained in this material is qualified in its entirety by the terms of the current prospectus. The achievement of any goals is not guaranteed. Rodin ® Global Property Trust, inc. A Publicly Registered, Non-Traded Real Estate Investment Trust 1 Securities distributed by Cantor Fitzgerald & Co. (Member FINRA / SIPC).

Transcript of Rodin Global Property Trust, inc. · Rodin Global Property Trust, Inc. — “Rodin Global” —...

Page 1: Rodin Global Property Trust, inc. · Rodin Global Property Trust, Inc. — “Rodin Global” — intends to invest in and manage a diversified portfolio of income-producing, net-lease

1 We expect to elect to be taxed as a real estate investment trust (“REIT”) beginning in the taxable year ending December 31, 2017. Once we qualify as a REIT, our failure to remain qualified as a REIT would result in higher taxes, may adversely affect our operations, would reduce the amount of income available for distribution, and would limit our ability to make distributions to our shareholders.

This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by prospectus. This literature must be preceded or accompanied by a current prospectus. As such, a copy of the current prospectus must be made available to you in connection with this offering and should be read in order to understand fully all of the implications and risks of this offering. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the Attorney General of the State of New York nor any other state or federal securities regulator has passed on or endorsed the merits of this offering or these securities or confirmed the adequacy of the prospectus. Any representation to the contrary is unlawful. All information contained in this material is qualified in its entirety by the terms of the current prospectus. The achievement of any goals is not guaranteed.

Rodin® Global Property Trust, inc.A Publicly Registered, Non-Traded Real Estate Investment Trust 1

Securities distributed by Cantor Fitzgerald & Co. (Member FINRA / SIPC).

Page 2: Rodin Global Property Trust, inc. · Rodin Global Property Trust, Inc. — “Rodin Global” — intends to invest in and manage a diversified portfolio of income-producing, net-lease

2 We may change our investment objectives, policies and strategy at any time without stockholder consent. There is no assurance that we will be able to invest in our targeted investments. Diversification does not eliminate risk and does not assure better performance.

Rodin Global Property Trust, Inc. — “Rodin Global” — intends to invest in and manage a diversified portfolio of income-producing, net-lease commercial properties located in the United States and select European countries.2

Rodin Global began as a bold idea: to reimagine and deliver the next generation of non-traded real estate investment trusts (REITs), with enhanced transparency, lowered fees and sponsor support. This uniquely structured vehicle is now available to those seeking the benefits of real estate investing.

THE GENESIS OF THE RODIN NAME

Auguste Rodin has long been an inspiration for the Cantor Fitzgerald organization. Co-founder Bernie G. Cantor was one of the world’s largest Rodin collectors. While Cantor donated most of his 750 sculptures to museums and universities, a corporate collection remained in the New York Cantor Fitzgerald office on the 105th floor of the World Trade Center’s North Tower. Proudly described as Cantor’s “museum in the sky,” the collection was unfortunately lost in the 9/11 tragedy. But the spirit of Rodin still remains a guiding force in the halls of Cantor Fitzgerald today.

THE NEXT GENERATION OF COMMERCIAL REAL ESTATE INVESTMENTS

“Auguste Rodin’s The Thinker inspires intellectual pursuit, thought and originality. These themes are woven into the fabric of our firm. For over 70 years, Cantor Fitzgerald has consistently fueled the growth of original ideas, pioneered new markets and provided superior service to investors.”

Howard W. Lutnick Chairman & Chief Executive Officer, Cantor Fitzgerald, L.P.

2 RODIN GLOBAL PROPERTY TRUST, INC.

Page 3: Rodin Global Property Trust, inc. · Rodin Global Property Trust, Inc. — “Rodin Global” — intends to invest in and manage a diversified portfolio of income-producing, net-lease

THE potential BENEFITS OF INVESTING IN REAL ESTATE

CURRENT INCOMECommercial real estate rental income may support monthly distributions3

PORTFOLIO DIVERSIFICATIONIncorporating an additional asset class into an investment portfolio may help increase diversification4

LOWER PORTFOLIO VOLATILITYAdding non-correlated investments may help reduce overall portfolio volatility

STRONG RISK-ADJUSTED RETURNSCommercial real estate may generate high current income while maintaining an attractive risk/return profile

INFLATION PROTECTIONHistorically, commercial real estate has provided a strong hedge against inflation

CAPITAL APPRECIATIONCommercial real estate has the potential to appreciate in value over the long term

In an environment of low rates, expanding life expectancies and lagging retirement savings on the part of most Americans, an appropriate allocation of commercial real estate may deliver a number of benefits to investors.

3 There is no guarantee of distributions. Distributions may be paid from sources other than cash flow from operations, including offering proceeds, which may reduce an investor’s overall return.

4 Diversification does not eliminate risk and does not assure better performance.

Source: Federal Reserve Board, Real Capital Analytics, Rosen Consulting Group.

Leveraging the deep industry knowledge of our team, Rodin Global aims to preserve capital, generate income and create appreciation through a diversified portfolio of high-quality, income-producing properties.

Capital Preservation

income generation

capital appreciation

THE CURRENT ENVIRONMENT Supports our investment objectives

3

AVERAGE SPREAD BETWEEN SINGLE-TENANT CAP RATE & 10-YEAR U.S. TREASURY

The current low interest rate environment, while challenging for investors, continues to provide attractive financing for commercial real estate. The chart below illustrates the wide spread between United States single-tenant cap rates and 10-year Treasury yields. We believe that net-lease properties, priced at higher spreads, may provide opportunities for more stable income than some other investments.

Basi

s Po

ints

2001 Q1 2018

700

600

500

400

300

200

100Min. Spread: 162 bps

Max. Spread: 593 bps

Current Spread: 357 bps

Page 4: Rodin Global Property Trust, inc. · Rodin Global Property Trust, Inc. — “Rodin Global” — intends to invest in and manage a diversified portfolio of income-producing, net-lease

OUR INVESTMENT STRATEGY FOCUSES ON “NET LEASE”Net-lease real estate typically involves long-term leases in which the tenant is responsible for most, if not all, operating expenses. Such leases allow for fewer disruptions from lease turnover, and may offer more predictable and dependable rental

Our highly selective investment process – focused on long-term, quality tenants in operationally significant properties and favorable markets – offers greater potential for better risk-adjusted returns for shareholders.

With the financial wherewithal to honor

the obligations of the lease

CREDITWORTHY TENANTS

With 10+ years remaining on the lease and contractual rent

escalations

LONG-TERM CORPORATE LEASES

Featuring properties located in favorable markets and highly trafficked locations

STRATEGIC LOCATIONS

Essential to the tenant’s core business and

critical to their financial performance

OPERATIONALLY SIGNIFICANT PROPERTIES

WE intend to diversify across many TYPES OF COMMERCIAL REAL ESTATEWhile Rodin Global is sector-specific in that it is a net-lease strategy, it intends to diversify across many types of commercial real estate.

Healthcare Properties government properties Distribution Facilities

Corporate Headquarters Industrial Facilities Stand-alone Retail Stores

Direct relationships with property owners

Access to corporate real estate decision makers

Insight into global real estate and capital markets

Sourcing & Screening

Focus on real estate fundamentals

Deep dive into credit metrics

Residual value analysis

Disposition / exit analysis

Refinance analysis

Due Diligence & Underwriting

SUCCESS BEGINS WITH A DISCIPLINED INVESTMENT PROCESS

Cantor Fitzgerald employs a rigorous due diligence and underwriting process, including a multi-tiered approval process, designed to mitigate risks and make sound, long-term investment decisions.

21

4 RODIN GLOBAL PROPERTY TRUST, INC.

income compared to other types of commercial real estate. For this reason, we believe that investing in net-lease real estate may be appropriate for those looking for a consistent stream of income generated from the properties.

To help generate stable income, our strategy targets the following:

Page 5: Rodin Global Property Trust, inc. · Rodin Global Property Trust, Inc. — “Rodin Global” — intends to invest in and manage a diversified portfolio of income-producing, net-lease

THE UNITED STATES AND EUROPE PRESENT STRONG OPPORTUNITIESWe believe the optimal opportunities for real estate investors are found primarily in North America and Europe.

28%

europe

45%

North A merica

27%

rest of world

GEOGRAPHIC BREAKDOWN OF GLOBAL COMMERCIAL REAL ESTATE

Here is what makes these regions so desirable for real estate investors:

of the world’s commercial real estate, based on asset value, is located in North America (primarily the United States) and Europe. Source: Savills Research, Rosen Consulting Group.

73%

of Fortune 500 companies are located in the United States and Europe.Source: Rosen Consulting Group.

266

of world GDP is produced by the United States and the European Union.Source: The World Bank, Rosen Consulting Group.

46%

people live in the United States (321 million) and Europe (738 million). Source: United Nations Population Division.

1B+ (Credit rating identified)Source: International Monetary Fund, Standard & Poor’s, Rosen Consulting Group.

A Germany (AAA)

D Netherlands (AAA)

B United States (AA+)

E Ireland (A+)

C United Kingdom (AA)

F France (AA)

TARGET MARKETS

G Italy (BBB-) H Spain (BBB+) I Greece (B-)

WEAKER MARKETS

Two-tier approval process

Proven investment discipline

Risk management and oversight

Investment Committee

Direct access to deal flow

Real-time pricing intelligence

Deep institutional relationships

Acquisition

Ongoing asset and portfolio monitoring

Property and facilities management

Credit surveillance

Disposition / refinance analysis

Portfolio Management543

RODIN GLOBAL WILL FOCUS ON FUNDAMENTAL STABILITYRodin Global targets the largest, most liquid institutional real estate markets to acquire assets that meet our investment objectives. While the focus will be in the United States, we will also look to invest in the most stable countries in Europe characterized by economic stability, low unemployment and strong sovereign credit rating.

A

D

E

F

G

H

I

B

2005 20170%

30%

COUNTRY FUNDAMENTALSUnemployment Rates / Credit Ratings

5

C

Page 6: Rodin Global Property Trust, inc. · Rodin Global Property Trust, Inc. — “Rodin Global” — intends to invest in and manage a diversified portfolio of income-producing, net-lease

5 Distributions paid with respect to Class T shares will be reduced by the ongoing distribution fee payable with respect to Class T shares.6 There is no guarantee of distributions. Distributions may be paid from sources other than cash flow operations, including offering proceeds, which may reduce an investor’s overall return.

7 Sponsor support is subject to reimbursement under certain circumstances.8 Repurchases limited to 5% of weighted average number of Rodin Global Property Trust’s common shares outstanding during prior calendar year; repurchases will be funded solely from the proceeds of our dividend reinvestment program (DRP) and any other funds set aside by the board of directors; program may be modified, suspended or terminated at any time upon 10 days prior written notice to the stockholders.

Pricing

Visit rodinglobal.com for current NAV, Offering Price and Distribution information.

The Net Asset Value (NAV) is calculated quarterly. The Offering Price is derived from the NAV as follows:Offering Price = NAV + Upfront Selling Commissions + Dealer Manager Fees – Sponsor Support

Distribution frequency 6

Monthly

Distribution Reinvestment Plan Up to $250 million

Sponsor support 7Sponsor to pay a portion of the underwriting compensation in an amount up to 4% of Gross Offering Proceeds.

Suitability Requirements

$250,000 net worth or $70,000 net worth, and $70,000 annual gross income. Higher suitability in certain states. Please refer to the prospectus.

Tax reporting Form 1099-DIV

Share repurchase plan8

One-year holding period waived and shares redeemed at purchase price in case of death or qualifying disability.

CLASS A CLASS T 5 CLASS ISales Commissions 6% 3% 0%Dealer Manager Fees 3% 3% 1.5%Sponsor Support (4%) (4%) (1.5%)

AFTER YEAR 196% of NAV

AFTER YEAR 2 97% of NAV

AFTER YEAR 398% of NAV

AFTER YEAR 499% of NAV

AFTER YEAR 5100% of NAV

Offering size

$1 billion

MINIMUM investment

$2,500

Share classes

Class

AClass

Iclass5

T

HIGHLIGHTS OF THE RODIN GLOBAL OFFERINGWe encourage investors to consider our innovative non-traded REIT, and the strength that commercial real estate may deliver to an investment portfolio.

6 RODIN GLOBAL PROPERTY TRUST, INC.

Page 7: Rodin Global Property Trust, inc. · Rodin Global Property Trust, Inc. — “Rodin Global” — intends to invest in and manage a diversified portfolio of income-producing, net-lease

9 The performance of Cantor Fitzgerald, L.P. is not indicative of the performance of Rodin Global Property Trust. Rodin Global Property Trust and Cantor Fitzgerald, L.P. are separate companies. An investor purchasing shares in Rodin Global Property Trust’s public offering is making an investment in Rodin Global Property Trust, not in Cantor Fitzgerald, L.P.

Our affiliation with Cantor Fitzgerald, L.P. and its affiliates may not lead to investment opportunities for us. Rodin Global Property Trust may compete with other Cantor Companies for investment opportunities.

Where the world turns for real estate investments

Our sponsor, Cantor Fitzgerald Investors, LLC, is a subsidiary of Cantor Fitzgerald.9 Founded in 1945, the firm spans the globe with more than 10,000 employees in

150+ offices, with the largest concentration in the U.S. and Europe, the target markets for Rodin Global. Cantor Fitzgerald is among the largest financial services companies

in the world, with one of the most robust real estate platforms, conducting more than $56 billion in real estate-related transactions in 2017.

Over the past decade, Cantor Fitzgerald has invested more than $2 billion in its commercial real estate business infrastructure. The firm’s strategic alignment of affiliated firms represents every phase of a real estate transaction, from buying and selling to financing to advising on properties.

This unique information advantage guides decision-making and empowers the firm to strategically choose the right properties. And when combined with its capital markets knowledge and global resources, Cantor Fitzgerald creates real estate investments of the highest institutional quality.

$46 Billion in investment sales & mortgage broker age

Global real estate firm offering investment sales, mortgage brokerage, property management, leasing, valuation and more.

$10 Billion in loan originations

Specialty finance company originating CMBS fixed-rate mortgage loans.

Industry leader in multifamily financing for Fannie Mae, Freddie Mac, FHA. Now part of Newmark Knight Frank.

7

$56 Billion

in Real Estate-related tr ansactions in 2017

Page 8: Rodin Global Property Trust, inc. · Rodin Global Property Trust, Inc. — “Rodin Global” — intends to invest in and manage a diversified portfolio of income-producing, net-lease

RISK FACTORS

1. We have no operating history and very limited assets. This is a “blind pool” offering and we have not identified any specific investments to acquire.

2. After the first quarterly valuation of our assets is undertaken, the purchase and repurchase price for shares of our common stock will be based on our NAV and will not be based on any public trading market. Neither NAV nor the offering price may be an accurate reflection of the fair market value of our assets and liabilities and likely will not represent the amount of net proceeds that would result if we were liquidated or dissolved or the amount you would receive upon the sale of your shares.

3. Our organizational documents do not restrict us from paying distributions from any source and do not restrict the amount of distributions we may pay from any source, including offering proceeds. If we pay distributions from sources other than our cash flows from operations, we will have less funds available for investment, borrowings and sales of assets, the overall return to our stockholders may be reduced and subsequent investors will experience dilution. Our distributions, particularly during the period before we have substantially invested the net proceeds from this offering, may exceed our earnings, which would represent a return of capital for tax purposes.

4. No public market currently exists for our shares, and we have no plans to list our shares on an exchange. Unless and until there is a public market for our shares, you will have difficulty selling your shares. If you are able to sell your shares, you would likely have to sell them at a substantial loss.

5. The amount and timing of distributions we may pay in the future are uncertain. There is no guarantee of any return and you may lose a part or all of your investment in us.

6. We are not required to pursue or effect a liquidity event within a specified time period or at all.

7. We will pay substantial fees to and reimburse expenses of our advisor and its affiliates. These fees increase your risk of loss.

8. All of our executive officers, some of our directors and other key real estate professionals are also officers, directors, managers and key professionals of our advisor, our dealer manager and other entities affiliated with Cantor, which we refer to as the Cantor Companies. As a result, they will face conflicts of interest, including significant conflicts created by our advisor’s compensation arrangements with us and other Cantor-advised programs and investors.

9. If we raise substantially less than the maximum offering, we may not be able to invest in a diverse portfolio of income-producing commercial properties and other real estate-related assets.

10. We depend on our advisor to select our investments and conduct our operations. Our advisor is a newly-formed entity with no operating history. Therefore, there is no assurance our advisor will be successful.

11. Disruptions in the financial markets and stagnant economic conditions could adversely affect our ability to implement our business strategy and generate returns to you.

12. Our investments will be subject to the risks typically associated with real estate. 13. We expect to make foreign investments and will be susceptible to changes in

currency exchange rates, adverse political or economic developments, lack of uniform accounting standards and changes in foreign laws.

14. The other risk factors are set forth in our prospectus and other filings with the securities and exchange commission.

Rodin Global represents a thoughtful, innovative structure in the non-traded REIT marketplace. Learn more about the commitment to transparency, lower fees and shareholder alignment that distinguishes this investment.

An investment in Rodin Global Property Trust is not a direct investment in commercial real estate. An investment in Rodin Global Property Trust is subject to fees and expenses that do not apply to such direct investments and is subject to various risks, including loss of principal and limited liquidity. There is no guarantee of distributions.

rodinglobal.com

Financial Professionals: CALL (855) 9 -CANTOR / (855) 922-6867

Investors: Contact your financial advisor

For more information on Rodin Global, and a copy of a prospectus:

05/18 CFRGPTBRO1180-A