UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: BruceCM Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77640  
Subject: Re: Non Traded Reits in the News Again Date: 3/22/2013 12:08 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
I don't seem to see much in the media about unlisted REITs thats ever favorable.

Here's another recent article in Investment News on Inland American, where a small number of shareholders claim Inland....

....“falsely reported the value of our common stock until 2010, caused us to purchase shares of our common stock from stockholders in excess of their value, and disguised returns of capital paid to stockholders as REIT income, resulting in the payment of fees to the business manager to which it was not entitled.”

Then there's the issue of REIT share valuation:

At the end of last year, the REIT said its estimated per share value was $6.93 per share, down from $7.22 per share at the end of 2011

Now, I find this interesting, considering the ^RAZ REIT index went from 803 to 905 (+12.7%) over the same time period.

http://www.investmentnews.com/article/20130313/FREE/13031996...

Although I don't know the details of this (and other shareholder claims), I suspect the unlisted REIT management is smart enough to know how to embezzle REIT assets within the parameters set out in the 323 (including appendixes) page perspectus.

http://www.sec.gov/Archives/edgar/data/1307748/0001104659070...

BruceM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Related Boards
Real Estate Investing
This is a great board for Real Estate other than REITs.

Buying & Selling a Home
Get your personal advice about mortgages, agents, etc. here.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Saul's Investing Discussions

Why Did I Buy a Bunch of PFIE Today?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement