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Search Results: REIT
Results 190-200 of about 253
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.
Date: August 22, 2014
Securities Regulations News: SEC Looks to Delay Principal Trading Rules, FINRA Adds More Time to REIT Price Changes and 2nd Circuit Says Dodd-Frank’s Whistleblower Protections Don’t Apply Overseas
Date: July 22, 2014
The REIT, previously known as TNP Strategic Realty Trust Inc., has a portfolio that includes over a dozen shopping centers. Shareholders received a letter telling them that while the REIT has experienced significant property appreciation, different transaction costs have offset ...
Date: July 17, 2014
Now, FINRA wants to give nontraded REIT sponsors and brokerage firms 18 months to adjust to the revised guidelines. Nontraded REITs are currently not required to show an estimated per-share valuation until 18 months after the sponsors cease to raise ...
