Results for "real estate investment trusts (REITs)"

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Nicholas Schorsch 'highly focused' on cash-flow metric at center of alleged ARCP fraud: Feds

May 18, 2017

Nicholas Schorsch, the former executive chairman of the giant REIT American Realty Capital Properties Inc., now called Vereit Inc., had a keen interest and was "highly focused" on a cash-flow metric that the federal government alleges was at...

Judge declines to dismiss indictment against former ARCP CFO Brian Block

May 1, 2017

A federal judge on Friday declined to dismiss an indictment alleging that Brian Block, the former chief financial officer of American Realty Capital Properties Inc., or ARCP, participated in a fraudulent scheme to inflate the company's financial...

Nuveen adds direct real estate to target-date funds

April 24, 2017

There are plenty of reasons why owning direct real estate inside a registered mutual fund could present challenges to a portfolio manager, but Nuveen is focusing on the potential upside by adding real estate to it TIAA-CREF Life Cycle Funds....

REITs: Laggards, but for how long?

March 29, 2017

In this market, looking for bargains is like looking for a good show on local cable at 2:00 in the morning. While commercial real estate isn't cheap, REITs offer decent yields — and the chance to buy something that hasn't participated in the...

Resolving Nick Schorsch's legal problems taking a long time

March 24, 2017

The legal web for Nicholas Schorsch and his partners this month became more tangled. On March 8, the RCS Creditor Trust, the group that now controls the remains of RCS Capital Corp., or RCAP, a bankrupt brokerage formerly controlled by Mr. Schorsch,...

Investors accuse Nicholas Schorsch of plundering RCAP for own gain

March 10, 2017

A group of investors has accused Nicholas Schorsch, the former nontraded REIT czar, and his partners of siphoning off revenue in RCS Capital, or RCAP, a company once controlled by Mr. Schorsch that went into bankruptcy. The allegation, which...

Ron Carson reveals friction with LPL led to move to Cetera

January 22, 2017

In his first interview after officially moving his firm to Cetera Financial Group last week, Ron Carson acknowledged there was friction between him and his old broker-dealer, LPL Financial, and said he ultimately lost faith in the ability of...

Couple wins $922K arbitration claim over illiquid real estate investments

December 15, 2016

Mid Atlantic Capital Corp., an independent broker-dealer, lost a $922,000 arbitration award on Tuesday to a couple who sued the company over sales of illiquid real estate private placements and nontraded real estate investment trusts. The claimants,...

Troubled Texas REIT sends confusing signals to shareholders

December 13, 2016

As the year draws to a close, questions continue to linger for investors who own United Development Funds real estate investment trusts and the reps who sold them. The four UDF-managed REITs have combined assets of $1.3 billion but have not...

Payroll problems dog small nontraded REIT

November 23, 2016

A small nontraded real estate investment trust that has missed filing financial statements with the Securities and Exchange Commission for more than a year and recently cut its dividend to investors is now facing another hurdle: failing to pay...

Prudential Investments joins the fee-cut bandwagon

October 18, 2016

Prudential Investments has become the latest asset manager to jump on the lower-fees bandwagon, which is gaining momentum stemming from the release of the Department of Labor's new fiduciary rule last spring. Prudential announced fee cuts for...

SEC hits troubled Texas REIT with Wells notice

October 18, 2016

Troubled Texas real estate investment trust United Development Funding IV on Tuesday afternoon said it had been hit with a double whammy. According to a company press release, the Securities and Exchange Commission has issued a Wells notice...

REIT investors brace for a December rate hike

October 13, 2016

A solid run for the real estate category this year, boosted by it becoming an eleventh sector of the S&P 500 Index, has lost some steam recently amid fresh concerns of a December interest rate hike. While most market watchers say such short-term...

Texas regulator bans adviser from selling alts, including nontraded REITs

October 6, 2016

The Texas State Securities Board has banned a broker from recommending alternative investments, including nontraded real estate investment trusts, after the broker loaded up a client with too many of those investments. The broker, Mickey Long,...

Ex-CFO at REIT formerly controlled by Nicholas Schorsch pleads not guilty to securities fraud, other charges

September 28, 2016

Brian S. Block, a longtime business associate and partner of real estate investor Nicholas Schorsch, pleaded not guilty on Wednesday in federal court in New York to charges of conspiracy to commit securities fraud, securities fraud and making...

W.P. Carey CFO Hisham Kader to resign; ToniAnn Sanzone appointed interim chief financial officer

September 23, 2016

W.P. Carey Inc. chief financial officer Hisham Kader announced on Thursday he will resign next month to relocate to Boston and take over as CFO of a private real estate company, marking the second departure this year of a senior executive. In...

DOL fiduciary rule's unintended consequence: higher fees for investors

September 16, 2016

As broker-dealers adjust to the new Department of Labor fiduciary rule by instituting uniform commissions on a wide swath of investments, investors could be faced with higher prices on some investment products. LPL Financial, the nation's largest...

Investors pile in as REITs move closer to S&P 500 sector status

September 15, 2016

The establishment of real estate as an eleventh sector of the S&P 500 Index is morphing into a near-term investment strategy, according to some market watchers. The real estate play, ahead of REITs' elevation to sector status on Friday, is seen...

Nicholas Schorsch could be in government's cross-hairs

September 9, 2016

The arrest and indictment of a former senior executive at the one-time flagship REIT of Nicholas Schorsch's real estate empire could be the opening salvo in an attempt to prosecute Mr. Schorsch, according to securities attorneys. In parallel...

Ex-CFO at REIT formerly controlled by Nicholas Schorsch indicted

September 8, 2016

In parallel investigations, the Department of Justice and the Securities Exchange Commission on Thursday charged the former chief financial officer of American Realty Capital Properties Inc., a large traded REIT now known as Vereit Inc., with...

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