Results for "trusts"

Displaying 116 results

Sort: Date | Relevance

Author:

U.S. Court dismisses class action bid against KBS REIT

July 29, 2012

A nontraded real estate investment trust that saw a sharp decrease in its valuation this year won a legal victory last Monday when a federal judge in Florida dismissed a potential class action against the REIT, KBS Real Estate Investment Trust...

Wells Real Estate nixes controversial charge

July 8, 2012

Wells Real Estate Funds Inc., one of the most prominent sponsors of nontraded real estate investment trusts, is taking a pass on charging clients a heavily criticized fee tied to changes in a REIT's management. REIT sponsors over the past 10...

BofA wields ax at U.S. Trust: Sources

June 19, 2012

Bank of America Corp., the second- biggest U.S. lender, eliminated some managers from a unit catering to wealthy families as it cuts costs, said two people with knowledge of the move. Executives who oversaw trust officers and private-client...

$3B nontraded REIT will post new valuation in August

June 17, 2012

Although a number of nontraded real estate investment trusts recently posted sharp decreases in valuations, one of the largest, the $3 billion CNL Lifestyle Properties Inc., will steer clear of such results, according to its chief executive,...

Nontraded REITs feel heat despite sales

June 17, 2012

Although the $84 billion nontraded-REIT industry continues to post booming sales, some product sponsors, both large and small, recently have shown signs of stress. Increased legal scrutiny over valuations, the desire to keep costs down and market...

Glimmer of hope in real estate sector sparks handicapping of early leaders

June 3, 2012

As economists and data wonks debate whether the U.S. housing market is at or near its bottom and heading into a recovery phase, this might be a good time to focus on some early leaders in the real estate sector. For example, there is nothing...

Planning ahead for digital remains

June 3, 2012

The practice of protecting assets is reaching into the digital domain, with many estate-planning lawyers helping clients make plans for their online property. Although many of these assets, such as online businesses, could be valuable, others,...

Gay spouses struggle to claim benefits

May 27, 2012

President Barack Obama's support for same-sex marriage hasn't made it any easier for gay spouses to claim their partners' retirement benefits or to continue running a jointly owned business in the event of a partner's death. Careful estate and...

'Targets on their back,' wealthy turning to trusts

May 23, 2012

Executive-liability insurance is often the first line of financial defense for executives and directors caught up in litigation such as investor lawsuits. For others without such coverage, asset-protection trusts are the way many insulate their...

SEC probes giant private REIT

May 13, 2012

The Securities and Exchange Commission's probe into Inland American Real Estate Trust Inc., the largest nontraded real estate investment trust in the industry, is another cause for concern for the $84 billion private REIT business, which has...

Nontraded REIT rules roiled by appraisal issue

May 6, 2012

The $84 billion nontraded-REIT industry is deeply divided about valuations as regulators prepare to codify rules on creating an estimated share value for the products. That division was apparent in comment letters that industry players submitted...

Dunned Yankee: U.S. sues Steinbrenner over trust tax refund

December 28, 2011

New York Yankees co-owner and managing partner Harold Steinbrenner was sued by the U.S. Justice Department over an “erroneous” $670,494 tax refund he received in 2009. The complaint, filed Dec. 27 in Tampa, Florida federal court, seeks to...

GRAT pack would get smacked by Obama plan

March 9, 2011

Anita Sarafa, a managing director for JPMorgan Chase & Co. Private Bank, helped a client give more than $300,000 to his parents free of gift taxes, using an estate strategy the Obama administration is seeking to limit. Grantor retained annuity...

Adviser who led double life gets 17 years for $20M fraud

March 24, 2010

A federal judge has sentenced a Massachusetts adviser to more than 17 years in prison for committing a fraud that netted him more than $20 million from the descendants of a 19th-century industrialist and using the money on personal extravagances,...

Boston Private Financial's sale of Westfield to management should buoy bank, repay bailout bill

October 7, 2009

Recent and upcoming unit sales at Boston Private Financial Holdings Inc. will give the bank holding company enough cash to repay government bailout funds without a capital raise, an analyst said Wednesday. Fox-Pitt Kelton analyst Thomas Alonso...

Citigroup sells stake to Abu Dhabi authority

November 27, 2007

Citigroup Inc. is selling a 4.9% stake to the Abu Dhabi Investment Authority, the sovereign wealth fund of the government of Abu Dhabi, in a transaction valued at $7.5 billion. The new capital will help Citigroup rebound from $8 billion to $11...

« Previous Page

1 | 2 | 3 | 4 | 5 | 6