Posts tagged as:

Non-Traded REIT

FBI Uncovers Alleged TARP Fraud

March 22, 2010
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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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Northstar is Running out of Time; is Hamamoto Outside the Tent?

March 3, 2010

After a furious year of churning CMBS, repurchasing outstanding corporate debt and refinancing its bank loans, among other feats, Northstar actually ended the year with a little bit of cash. That’s the good news. The bad news is they’re going to need it. Northstar now has about $238 million in the bank, which includes the […]

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Piedmont Office REIT Finally Goes Public…Sort Of

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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Non-Traded REITs Are Designed to be Sold, Not Bought

May 26, 2009
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There is no real estate investment I would work more diligently to avoid than a non-traded REIT. They routinely pay dividends using money from new investors peter or paul? and one of them, Wells Timberland REIT, doesn’t even qualify as a REIT. So what gives? It’s pretty simple: your friendly neighborhood broker is paid handsomely […]

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Non-Traded REITs Under FINRA’s Microscope

March 27, 2009
REITs under scrutiny

Who is making all the money on non-traded REITs, the investors who put up all the dosh or the the brokers who sell them and the sponsors that manage them? FINRA wants to know, and they have issued a Targeted Examination Request to find out. Two years ago, Stanger & Company analyzed returns on $11 […]

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Non-Traded REIT Directory

March 3, 2009
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Non-traded REITs are public companies, but their shares aren’t listed on any stock exchange. In reality, this makes non-traded REITs a very opaque and private market (not to mention illiquid). REIT Wrecks has decided to pull the curtain on this lack of transparency and compile a list of non-traded REITs and their vital statistics. If […]

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