It’s critical for real estate investors to understand Unit Price and how it's calculated. Unit Price helps investors track movement in the value of a fund from the initial purchase price.
Jasper calculates the Unit Price of our funds at the end of each month. Unit Price is calculated by taking the Adjusted Net Asset Value (Adj. NAV) of a fund and dividing it by the number of units issued for that fund. To determine the Adj. NAV we take into account:
the most recent third-party valuation of the value of properties within the fund
available cash on hand and any other current assets
any outstanding debt and the cost of any fixed or planned capital expenses
any adjustments the manager deems appropriate to represent the value of a Unit
At the end of each month, the Unit Price for a fund will be calculated and updated within an investor's dashboard. A worksheet will be made available to investors that outlines the calculation, including an explanation of any adjustments made. Investors in a fund will be able to view and download this worksheet from within the "documents" section, for each holding within an investors portfolio.
As a practical example of how Unit Price is calculated at Jasper, let's take a look at the period ending 31 August 2021 for the Industrial Income Plus Fund and the worksheet provided to investors.
If you have any questions regarding this article, please contact your Account Manager directly or email [email protected].