The company, in a note to shareholders on December 1st, stated that the REIT saw redemptions in October equal to 2.7% of its NAV in October or approximately $1.8 billion. Subsequent to that, in November, the company saw additional redemptions “exceeding both the 2% of NAV monthly limit and 5% of NAV quarterly limit.” As a result, the company only honored 43% of the redemption requests or $1.3 billion dollars worth of shares, and only 0.3% of the company’s NAV is eligible to be redeemed in December.