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REIT firm KBS battling Schorsch's American Realty Capital over claim of trade secret theft
Nicholas Schorsch's American Realty Capital Advisors and rival nontraded-REIT sponsor KBS Capital Advisors are locked in a legal battle over proprietary information and trade secrets. Bruce Kelly reports.
Tale of two troubled REITs
Inland Real Estate Investment Corp. is no longer the force in the industry that it once was, resulting in the rise and fall of two of their biggest REITs: Inland American Real Estate Trust and Retail Properties of America ( RPAI ), formerly Inland Western Retail Real Estate Trust. Our senior
Once-mighty nontraded REIT sponsor Inland Real Estate Investment Corp. plots a comeback
Mitchell Sabshon plots a course for nontraded REIT sponsor Inland Real Estate Investment Corp. to recreate its prior success.
Bad Apple: REITs fined $1.5 million for disclosure violations
A series of nontraded real estate investment trusts called the Apple REITs failed to make a number of key disclosures to investors in the years after the credit crisis, resulting in $1.5 million in civil fines issued by the Securities and Exchange Commission. The Apple REITs failed to value the
With business booming, Schorsch's RCS Capital eyes further growth
Nick Schorsch's RCS Capital is building the second-largest independent broker-dealer network — 9,000 registered reps and financial advisers — through several acquisitions it announced last year.
Nontraded REIT Inland Diversified Real Estate Trust to merge with Kite Realty Group Trust
Inland Diversified Real Estate Trust has agreed to merge with a publicly traded REIT in a $2.1 billion all-stock deal. The transaction represents average annualized return of 8% for investors. Bruce Kelly reports.
Brokers' job to explain nontraded REITs
Finra last week took welcome steps to shed much-needed light on nontraded REITs. But, quite frankly, the changes being proposed should be information already being conveyed to investors by their brokers.
Merger of Nicholas Schorsch's American Realty Capital Properties and Cole Real Estate Investments closes
Combined company is the largest publicly traded net-lease REIT, with value of $21.5B
Regulators have an uphill battle to bring transparency to illiquid investments
Bringing light and due diligence should be a priority for the investment advice industry.
Reps react to Finra's proposed rule changes on nontraded REIT costs
Some optimistic, others skeptical about plan to scrap the automatic per-share value of $10.
Finra seeks greater transparency in nontraded REIT statements
Proposed rule would require brokers to factor in fees and commissions when listing share prices on client account statements; if approved by the SEC, rule change would do away with the $10-a-share listing price.
W.P. Carey completes acquisition of affiliated nontraded REIT
Acquisition of Corporate Property Associates 16 Global is industry's latest liquidity event.
Regulators train a close eye on alternatives
The SEC and Finra are getting tough on broker-dealers, putting intense focus on those recommending and selling alternative investments, including nontraded REITs. Don't Miss: Our full look at the SEC's 2014 priorities
Huge nontraded REIT getting liquid?
Inland American Real Estate Trust, the largest nontraded REIT with $9.5 billion in assets, may soon be in line for a merger or listing of its shares, a move dubbed a “liquidity event” in the business. (Don't miss: Will the 2013 banner year last through 2014?)
Tony Thompson exits nontraded REIT business
In stunning turnaround, the noted real estate investor gets $1.07 million for his shares in disputed REIT, ending a proxy fight. But the story's not over. (See also: Tony Thompson's hard times)
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February 27, 2014