Tender Offer - Versus Capital Real Estate Fund LLC
Form Type: N-23C3A
Filing Date: 2025-06-27
Corporate Action: Tender-offer
Type: New
Accession Number: 000151500125000007
Filing Summary: Versus Capital Real Estate Fund LLC is initiating a quarterly repurchase offer, allowing shareholders to tender up to 6% of the outstanding shares for cash at the net asset value (NAV) determined at the close of the New York Stock Exchange on July 25, 2025. The offer period starts on June 27 and ends at the close of business on the repurchase request deadline. Shareholders must submit their requests through their authorized institutions by the deadline. The repurchase proceeds are expected to be distributed by July 29, 2025. The Fund charges no processing fees but authorized institutions may impose their own transaction fees. The Fund may prorate repurchases if requests exceed the number of shares available. The Fund's NAV was $24.27 as of June 25, 2025. Shareholders are advised to consult tax advisors regarding potential tax implications of participating in the repurchase offer.
Additional details:
Investment Company File Number: 811-22534
Principal Executive Office: 5050 South Syracuse Street, Suite 1100 Denver, CO 80237
Repurchase Offer Percentage: 6%
Repurchase Request Deadline: 2025-07-25
Expected Distribution Date: 2025-07-29
Nav Per Share On June 25 2025: 24.27
Form Type: N-23C3A
Filing Date: 2025-01-10
Corporate Action: Tender-offer
Type: New
Accession Number: 000151500125000002
Filing Summary: Versus Capital Real Estate Fund LLC is initiating a periodic repurchase offer for its shares, allowing shareholders to tender up to 6% of the outstanding shares at net asset value (NAV). The offer period starts on January 9, 2025, and ends on January 31, 2025, which is also the deadline for share requests. Shareholders wishing to participate must coordinate with their financial intermediaries, as the Fund does not directly accept requests. The Fund aims to provide liquidity since there is no secondary market for its shares. It will not charge processing fees for handling repurchase requests but may have associated transaction fees from authorized institutions. The NAV will be determined on the Repurchase Pricing Date, which coincides with the request deadline. The Fund does not guarantee complete repurchase of tendered shares, particularly if requests exceed the offer limits, and shares can be withdrawn or modified up to the deadline. Tax implications of the repurchase may vary based on circumstances, and the Fund will cover any share transfer taxes incurred during the repurchase process. Shareholders are encouraged to consult their tax advisors for specific consequences.
Additional details:
Investment Company File Number: 811-22534
Repurchase Offer Period Start: 2025-01-09
Repurchase Request Deadline: 2025-01-31
Net Asset Value Per Share: 24.50
Expected Distribution Date: 2025-02-04
Financial Institution Contact Number: 1.855.653.7173
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