All assets are held at cost for the first 12 months. After the initial holding period there is a semi-annual valuation of the properties in our portfolio which helps determine the REIT’s share price.
Our Net Asset Value (NAV) per share will be equal to the net aggregate asset value for HappyNest divided by the number of our outstanding shares of common stock as of the end of the most recently completed semi-annual period, subject to the calculation principles relating to the number of our outstanding shares as described below.
Generally, our NAV per share will be calculated once every six months, on September 30 and March 31.
For more information please visit our offering circular .