CNSREIT-AR-2024 Final - Flipbook - Page 27
Valuations and appraisals of our real estate, underlying mortgages and real estate-related securities are estimates of fair
value and may not necessarily correspond to realizable value.
For purposes of calculating our monthly NAV, our properties are generally valued initially at cost, which is expected
to represent fair value at that time, absent more recent market or investment-level information that makes it unreasonable to
consider their fair value as equal to cost. In accordance with accounting principles generally accepted in the United States
of America (
