March 22, 2010
The FDIC closed 7 more banks on Friday, bringing the 2010 total to 37. On the Friday before last, the FDIC bagged 2 New York City banks, the first FDIC takeunders in New York City since 1999. One of these was a small privately held firm named Park Avenue Bank, which had been operating under […]
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February 16, 2010
Non-Traded REITs are a funny lot. They register with the SEC and comply with all public company filing requirements, yet their shares don’t trade on any public exchange. Most aspire publicly to achieve some sort of “liquidity event” for investors within 7-10 years of formation, either through a public listing or bulk asset sales. Last […]
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