{"id":5775,"date":"2015-02-26T00:00:00","date_gmt":"2015-02-26T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/02\/nontraded_reit_inland_american"},"modified":"2022-05-06T12:35:16","modified_gmt":"2022-05-06T17:35:16","slug":"nontraded-reit-inland-american","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/nontraded-reit-inland-american\/","title":{"rendered":"Nontraded REIT Inland American Reduces Its NAV After Asset Sale"},"content":{"rendered":"

Inland American Real Estate Trust Inc. (IARE) has lowered its estimated share value by 42.4%, because the company sold or spun off different assets over the last year. Among these were its hotel portfolios, now a listed real estate investment trust known as Xenia Hotels & Resorts Incorporated.<\/p>\n

Inland American submitted a filing with the U.S. Securities and Exchange Commission, stating that $4 was its most current estimated share value. Prior to that, concluding 2013, the nontraded REIT said that its most recent valuation was at $6.94\/per share value. Inland American Real Estate Trust Inc. said it was reducing its yearly distribution from 50 cents to 13 cents.<\/p>\n

Inland American president and chief executive Thomas P. McGuinness noted that Xenia constituted a significant chunk of its assets, with each stockholder getting one share of Xenia common stock for every eight Inland American common stock shares held at end of business on January 20. That was the spin-off date. Because of this, stockholders of Inland American now own common stock shares in both Xenia and Inland.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Inland American Real Estate Trust Inc. (IARE) has lowered its estimated share value by 42.4%, because the company sold or spun off different assets over the last year. Among these were its hotel portfolios, now a listed real estate investment trust known as Xenia Hotels & Resorts Incorporated. Inland American submitted a filing with the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3759],"tags":[2746],"class_list":["post-5775","post","type-post","status-publish","format-standard","hentry","category-reits","tag-nontraded-reits"],"yoast_head":"\nNontraded REIT Inland American Reduces Its NAV After Asset Sale — Investor Lawyers Blog — February 26, 2015<\/title>\n<meta name=\"description\" content=\"Inland American Real Estate Trust Inc. 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