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Search Results: REIT
Results 180-190 of about 246
Date: April 7, 2015
The securities case springs from transactions involving an 81-year-old state resident that purchased a nontraded REIT from the firm in 2008. The investor, whose liquid net worth was $2.5 million and invested $253,000 in the financial instrument, would go on ...
Date: March 15, 2015
According to the nontraded REIT’s filing with the SEC, as of the end of 2014 its board of directors approved a $5.20/share valuation—that’s a 24% decline from a year before when the share valuation had been modified to $6.85/share. Launched ...
Date: February 25, 2015
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. Inland American ...
Date: January 25, 2015
The securities laws claims are related to a $23 million accounting error that REIT made during last year’s first stated quarters, misstating the company’s adjusted operation funds. While ARCP eventually disclosed the mistakes, the plaintiffs claim that the company’s senior ...
Date: December 15, 2014
The downgrade comes following this week’s management shakeup at the REIT and its disclosure several weeks ago of massive accounting irregularities that were covered up. This week, American Reality Capital Properties’ chairman and founder Nicholas Schorsch stepped down, as did ...
Date: December 2, 2014
SEC Claims Fraud Involving a REIT and Bogus Senior Resident Occupants
Date: November 12, 2014
(ARCP) which is Schorsch’s publicly treated REIT. ARCP owns Cole Capital Advisors Inc. and Cole Capital Partners. The mistake was disclosed at the end of the month. ARCP revealed that the error occurred during the first half of the year ...
Date: November 6, 2014
The suspensions are coming in the wake of the announcement of a $23 million accounting error involving American Reality Capital Properties Inc., which is the traded REIT under Schorsch’s control. Even after the error was found it was purportedly purposely ...
Date: October 30, 2014
American Realty Capital is the top sponsor of nontraded REITs. Schorsch is its chairman. The National Planning Holding suspension impacts just one Schorsch product, the Phillips Edison – ARC Grocery Center REIT II. This is a new REIT with about ...
Date: October 18, 2014
Under the new rule, investors will have to be provided with more information about the costs involved in buying shares of nontraded REITs. With the existing practice, brokerage firms can list nontraded REITS as having $10/share price.
