REIT fee question - percentage or as incurred?

[Tammy Kim]

Hello Group,

I was wondering what do REITs typically charge for disposing of properties? Would it be a percentage fee? Or as incurred (i.e. broker fees, legal fees, etc).  This is separate from management fees and disposition fees that they can charge.

Thank you,

Tammy

[Taylor L.]

Do you have a particular REIT or asset class in mind? From what I've seen REITs typically bury those things deep in their financials. In the syndication world the General Partnership might have a disposition fee, then any transaction costs are going to be a part of the business itself, not a fee that the GP takes.