SEC Comment Letter 0000000000-24-012671 to BGO Industrial Real Estate Income Trust, Inc. (CIK 0001942722)
BGO Industrial Real Estate Income Trust, Inc. (CIK 0001942722)
Date: Nov. 15, 2024 · CIK: 0001942722 · Accession: 0000000000-24-012671
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-271906
Letter
November 15, 2024 Michael Glimcher President and Chief Executive Officer BGO Industrial Real Estate Income Trust, Inc. 399 Park Avenue, 18th Floor New York, NY 10022 Re:BGO Industrial Real Estate Income Trust, Inc. Form 10-K for the year ended December 31, 2023 File No. 333-271906 Dear Michael Glimcher: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the year ended December 31, 2023 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Net Asset Value, page 82 1.Please consider expanding future disclosures of net asset value to provide a quantitative illustration of the sensitivity of your valuation to changes in key assumptions. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Eric McPhee at 202-551-3693 or Wilson Lee at 202-551-3468 with any questions.
November 15, 2024 Page 2 Sincerely, Division of Corporation Finance Office of Real Estate & Construction
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November 15, 2024
Michael Glimcher
President and Chief Executive Officer
BGO Industrial Real Estate Income Trust, Inc.
399 Park Avenue, 18th Floor
New York, NY 10022
Re:BGO Industrial Real Estate Income Trust, Inc.
Form 10-K for the year ended December 31, 2023
File No. 333-271906
Dear Michael Glimcher:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the year ended December 31, 2023
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
Net Asset Value, page 82
1.Please consider expanding future disclosures of net asset value to provide a
quantitative illustration of the sensitivity of your valuation to changes in key
assumptions.
In closing, we remind you that the company and its management are responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of action by the staff.
Please contact Eric McPhee at 202-551-3693 or Wilson Lee at 202-551-3468 with any
questions.
November 15, 2024
Page 2
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction