nontraded

Still, the SEC wants to know more about how nontraded REITs operate and what they disclose to investors after closing the fund, SEC officials say.

Nontraded REITs Are Put on Notice by SEC Anton Troianovski 2011

Other firms that run nontraded REITs are trying to distance themselves from sales techniques used by Mr. Lerner.

Nontraded REITs Are Put on Notice by SEC Anton Troianovski 2011

Of the nontraded REITs launched since 1990, just 13 have returned investors' capital through mergers or acquisitions, with four through listing on a public stock exchange, while two liquidated, Blue Vault said.

Nontraded REITs Are Put on Notice by SEC Anton Troianovski 2011

"Financial advisers can choose from multiple competing products as opposed to proprietary products," Jason Mattox , chief administrative officer of Behringer Harvard Holdings, which manages nontraded REITs, wrote in an email.

Nontraded REITs Are Put on Notice by SEC Anton Troianovski 2011

The SEC has approved about 90 nontraded REITs since 1990, according to Blue Vault Partners LLC, a research firm in Cumming, Ga.

Nontraded REITs Are Put on Notice by SEC Anton Troianovski 2011

Many funds don't make that clear, and some nontraded REITs keep their share prices relatively constant even though the value of the underlying properties they own might have deteriorated, critics say.

Nontraded REITs Are Put on Notice by SEC Anton Troianovski 2011

Owned by Behringer Harvard, a manager of nontraded real-estate investment trusts, its vacancy rate reached about 30%, and earlier this year its $95.5 million loan matured and was in technical default, according to a division of Morningstar Inc.

Sam Zell Turns Selective Maura Webber Sadovi 2011

- In the domestic nontraded services sector, if consumers use the savings from cheaper imports to increase their consumption of such services, as in the shoeshine example.

Math and Economics, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Some critics of nontraded REITs claim unsophisticated investors don't understand that firms often don't generate enough cash flow from the properties, at least initially, to cover annual payments to investors.

Nontraded REITs Are Put on Notice by SEC Anton Troianovski 2011

Cole Real Estate Investments, which offers traditional nontraded REITs, is preparing to offer an unlisted REIT with much lower fees.

Nontraded REITs Are Put on Notice by SEC Anton Troianovski 2011