Cantor Fitzgerald Expands Holdings with Strategic Multifamily Property Acquisition

The firm declared distributions across multiple share classes and strengthened its real estate portfolio.

December 11, 2024

November 2024 Distributions Announced

Cantor Fitzgerald Income Trust, Inc. recently declared distributions for November 2024, reflecting its consistent efforts to provide shareholder value. The distributions, approved by the board of directors, amount to $0.1270 per share across multiple stock classes, equating to an annualized payout rate of $1.55. Shareholders have the option to receive cash payments or reinvest through the company’s distribution reinvestment plan.

While the distributions highlight the company’s commitment to regular returns, it’s noteworthy that some payments may derive from sources beyond operational cash flow. This approach underscores the firm's adaptability amid changing market dynamics.

Key Acquisition of Maryland Multifamily Property

In a significant strategic move, Cantor Fitzgerald’s operating partnership executed its fair market value option to acquire the remaining 75% equity interest in CF Summerfield Multifamily DST. The transaction, finalized on December 1, 2024, included issuing approximately 1.37 million Class I and Class T operating partnership units alongside a $2.09 million cash component. This acquisition solidifies full ownership of the Summerfield Property, a multifamily residential complex in Landover, Maryland.

Portfolio Growth and Strategic Direction

The acquisition aligns with Cantor Fitzgerald’s broader strategy of enhancing its portfolio by targeting stable, income-generating assets. Multifamily properties like the Summerfield Property are pivotal to achieving steady cash flow and diversification in the company’s real estate investments.

While the company acknowledges uncertainties in its forward-looking statements, these initiatives signal a strong commitment to seizing opportunities in the real estate market. By combining strategic acquisitions with consistent distributions, Cantor Fitzgerald demonstrates its dedication to balancing growth with shareholder value.