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Inland American cuts NAV after asset sale
In the wake of spinning off its hotel portfolio, nontraded REIT cuts estimated share value by 42.4%; new estimated value is $4 per share.
RCS Capital Corp. suffers big revenue hit in fourth quarter
Fallout from ARCP hurt wholesaling unit but executives remain confident in recovery.
Schorsch, ARCP dodge bullet as defamation suit dropped
Lisa McAlister, the company's former chief accounting officer, pulls her defamation suit, in which she claimed she was a scapegoat for a $23 million accounting error.
Cabot Lodge dispute heats up with whistleblower claim
Former compliance officer alleges fraud at nontraded REIT helmed by Jacob Frydman.
William Kahane replaces Nick Schorsch at American Realty Capital Global Trust
American Realty Capital Global Trust Inc. appointed William Kahane as executive chairman, replacing Nicholas Schorsch.The company made the management change on Feb. 11, according to a filing today. Mr. Kahane resigned as chief operating officer, American Realty Capital Global Trust said.In
Wealthy investors loving U.S. stocks
Investors continue to see domestic stocks as the best thing going: Legg Mason survey.
Former compliance officer sues Cabot Lodge owner
Jacob Frydman is focus of complaint that alleges plaintiff was fired for reporting 'certain improprieties' to Finra.
Activist investor wants ARCP board to resign
In an open letter to ARCP, Corvex decries the board's track record and calls for its resignation.
REITs fall hard as investors fear rising interest rates
Real estate investment trusts fell the most since September after a strong employment report renewed speculation that the Federal Reserve will boost interest rates in the first half of this year.
Why President Obama's estate tax proposal is a big deal
The president's proposed change in step-up in basis would have a major impact on high-net-worth earners' taxes, according to Robert N. Gordon.
Feud over Robin Williams' estate highlights need for specificity in trusts
The late comedian's estate plan is back in the headlines: This time, his beneficiaries are embroiled in a legal fight over the interpretation of his trust.
ARC REITs sign up KPMG as new auditor
A number of American Realty Capital nontraded real estate investment trusts and programs have signed up Big Four accounting firm KPMG as their new auditor. On January 22, Grant Thornton, the accountant for eight ARC nontraded REITs and a handful of other products, resigned.The ARC REITs disclosed
Meet the 529 ABLE account: A new way to save for disabled beneficiaries
Taxpayers caring for disabled children can look forward to a new savings vehicle that will help them cover certain expenses: The 529 ABLE account. But could it replace the tried-and-true special-needs trust? This new savings account was brought into existence after President Barack Obama signed it
REITs not to the rescue this year
Breakfast with Benjamin: Real estate might not deliver as expected. Plus: This week, we'll really know how the drop in oil affected companies and consumers; in currencies, it's not all about the Swiss franc; it's budget day in Washington; and all the Super Bowl ads, in case you missed them.
BlackRock dives into ARCP
The fund giant has taken a major position in the beleaguered real estate investment trust, American Realty Capital Properties Inc., or ARCP.