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Claiming bad oversight, ex-rep urges investors reject REIT offer
A former registered representative who sold $1.6 million of a now-moribund private real estate investment trust is frustrated with the REIT's history of related-party transactions and thinks results could be better if the REIT were managed better.The ex-rep, Byron Meo, wants investors in the
Nontraded REIT signals liquidity on the way
Phillips Edison-ARC Shopping Center REIT Inc. has hired advisers to evaluate alternatives.
Oopsy daisy: private REIT loses 87.5% of value
American Spectrum Advisors, the adviser to the American Spectrum REIT I Inc., this month offered to buy 1.6 million shares of the moribund REIT for $1.25 per share. The shares were originally sold for $10 per share.
Thompson's former nontraded REIT drops nearly 30%
Investors in a nontraded REIT launched by Tony Thompson, the one-time noted real estate sponsor, were told last week that the net asset value of the REIT had eroded by nearly 30%.
Liquidity events heating up REIT market this summer
Liquidity events of nontraded real estate investment trusts are heating up during the dog days of summer. This month already has seen one liquidity event — meaning a merger or a listing on an exchange; while a significant nontraded health care REIT is reportedly in talks to be acquired.July has
Finra asks for delay in implementing rule affecting nontraded REIT customer statements
Changes would not take effect until 18 months after SEC signs off, three times longer than originally proposed.
Sluggish economy helping REIT performance
The strong first half of the year for real estate investment trusts has started to raise questions about how well the category can perform if interest rates start to rise. But industry pros are calling such analysis short-sighted and wrong.“I don't think interest-rate hikes are a big threat to
Clintons shine spotlight on tax strategy that splits a house in two
The qualified personal residence trust has enabled Bill and Hillary Clinton to save on estate taxes, but that doesn't mean it makes sense for everyone.
Nontraded REITS headed for another boffo year
Sales expected to hit $20 billion as low interest rates and liquidity events spark industry.
Sting and other wealthy celebrities don't want money to ruin their kids
Everything they do is magic, but they have to earn their own living, adviser says.
Schorsch to leave CEO position at American Realty Capital
Change was planned; analyst says new CEO Kay will improve company's transparency.
Are nontraded REIT commissions headed for a fall?
New rules proposed by Finra will make fees more transparent, but could result in lower upfront commissions for brokers, Bruce Kelly reports.
Nontraded REIT heavyweight W.P. Carey retreats from net-lease real estate
A nontraded REIT heavyweight, W.P. Carey Inc., is carefully backing away from the sector that has long been its forte — net-lease real estate — and is looking for opportunities in other sectors and other markets. While registered reps and advisers continue to sell the current net-lease-focused real
Clintons jump through financial planning loopholes to dodge estate taxes they support
Breakfast with Benjamin: Brokers pouncing on 401(k) biz. Plus: The Clintons dodge the estate taxes they support. The Fed wants to add exit fees to bond funds, U.S. banks on the edge of new funding rules, Congress mulls investor confidence on your dime, El-Erian sides with the IMF, and merger mania
RCS Capital closes J.P. Turner, Summit Financial deals
Nicholas Schorsch's network of independent broker-dealers is closing in on nearly 9,000 reps.
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