Cantor Fitzgerald Income Trust UPREITs DST Interests in $75M Transaction

Cantor Fitzgerald Income Trust, a publicly registered non-traded real estate investment trust formerly known as Rodin Global Property, exercised fair market value purchase options and completed tender offers to UPREIT Delaware statutory trust interests into its operating partnership in a $74.9 million transaction earlier this month. In connection with the transaction, the REIT’s operating partnership issued 3,728,218 operating partnership, or OP, units.

The issuance included the exercise of a fair market value option for 95% of the DST interests in CF Pearland Multifamily DST in exchange for 916,955 OP units and $1,734,463 in cash. The remaining OP units were issued through tender offers for DST interests in CF ON3 DST, CF West End Multifamily DST, CF Palms Multifamily DST, CF Kacey Multifamily DST, CF Valencia Life Sciences DST, CF Industry Multifamily DST and CF WAG Portfolio DST 10.

Since inception, the REIT has issued $136,488,085 of OP equity, representing 6,761,737 OP units, in connection with similar transactions.

The company reported an aggregate net asset value of $291.2 million as of Jan. 31, 2026, up 2.39% from its Dec. 31, 2025, NAV of $284.4 million.

As of the end of January, the company’s total value of real estate assets used in determining NAV $1.13 billion, or $557 million when adjusted for ownership percentage.

If the Jan. 31 valuations were applied as of Feb. 1, 2026, after giving effect to the UPREIT transactions, the total value of real estate assets would have remained $1.13 billion, or $709 million as adjusted for ownership percentage.

Following the transaction, the company’s portfolio as of Feb. 1 was weighted toward multifamily (37%), single-tenant office (25.7%), distribution and logistics (19.4%), necessity retail (13.8%), single tenant life sciences (3%) and data center (1.2%), based on fair value adjusted for ownership percentage.

The weighted average remaining lease term  of the REIT’s portfolio, excluding data center investments, was 7.1 years as of Jan. 31 and 7.7 years as of Feb. 1. Weighted average occupancy, excluding data centers, was 95.6% and 95.5% as of those respective dates.

Cantor Fitzgerald Income Trust is currently offering on a continuous basis up to $1.25 billion in shares of common stock, consisting of up to $1 billion in shares in its primary offering and up to $250 million in shares pursuant to its distribution reinvestment plan. As of Feb. 2, 2026, the company had issued approximately 9.66 million shares of common stock in the primary offering or total proceeds, net of redemptions, of $271.7 million, and about 1.48 million shares of common stock pursuant to its distribution reinvestment plan for a total value of $34.8 million.

As of Jan. 31, it repurchased 222,338 shares of common stock pursuant to its share repurchase program for aggregate consideration of $4.5 million, honoring 53.9% of repurchase requests for the month of January 2026.

Previously reported by AltsWire, the company reduced its asset management fee from 1.2% to 0.75% of NAV and its performance allocation fee from 12.5% to 5% of total return, effective Jan. 1, 2026. The company confirmed it is maintaining the same annual return hurdle currently in place, ensuring that the performance-based incentives remain focused on delivering value above existing benchmarks.

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