Cantor Fitzgerald Income Trust is a non-traded REIT that owns and manages a diversified portfolio of U.S. commercial real estate, including office, retail, industrial, multifamily, and specialty properties such as life sciences labs. The company is externally managed by a wholly owned subsidiary of Cantor Fitzgerald, which handles all operations — sourcing, property management, leasing, and dispositions — and the company itself has no employees. The portfolio is held through a mix of direct property ownership and partial interests in Delaware Statutory Trusts (DSTs), which are pass-through vehicles commonly used to facilitate 1031 tax-deferred exchanges for individual investors. The company raises capital from retail investors through a continuous public offering, and has raised approximately $298M in aggregate net proceeds across three offerings since 2017, with the current third offering targeting up to $1.25B. Revenue comes primarily from rents on owned properties, which the company distributes to shareholders in line with REIT requirements. Shares are not listed on an exchange, so liquidity is limited, with NAV calculated monthly. The company offers multiple share classes with varying fee structures, and the external advisor and its affiliates collect fees at each stage — offering, acquisition, management, and disposition. The company also holds a small $10M commitment to a data center fund, representing a modest allocation outside its core focus on stabilized income-producing real estate.