Streitwise is distributing 4Q21 dividends today equating to an 8.4% annualized yield based on the original $10.00 share purchase price and an 8.2% annualized yield based on the current NAV of $10.19/share. Since inception, we have averaged a 9.3% dividend yield and hit our dividend target of 8-9% every quarter in 2021.
Every quarter we get more insight into the actions of office using tenants post-Covid, and this quarter was no different. We continue to see evidence in our portfolio and across markets that while tenants are able to right-size their space requirements, they are still quite keen on providing a well-amenitized, nicely furnished, collaborative space for employees to use under any such hybrid work model they ultimately embrace.
We are very happy to report that in 2021, our tenants paid as expected and budgeted with 100% of contractual rent obligation collected and hit 100% occupancy at our Allied Solutions building. Portfolio-wide, we are 97% occupied with no tenant delinquencies. We have executed a handful of new and renewal deals within the last month but will wait to provide a more detailed update in that regard while we work through some additional leasing.
Eliot Bencuya is the co-founder and CEO of Streitwise. Eliot has extensive experience identifying, underwriting, and executing value-add real estate investments.
Prior to forming Streitwise, he was a Vice President of Acquisitions for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for originating, underwriting, structuring and executing transactions in the Pacific Northwest, Northern California and Midwest regions. Mr. Bencuya also held positions at Sovereign Investment Company (a subsidiary of the Marcus and Millichap Company) and the investment banking division of Merrill Lynch & Co. He holds a Bachelor of Arts degree in Economics and International Studies from Yale University, and a Masters of Business Administration degree from the Haas School of Business at the University of California, Berkeley. Mr. Bencuya is a member of ULI.