Biggest nontraded REIT being dogged by its own shareholders
Inland American Real Estate Trust Inc. investors are jumping on an SEC investigation into false valuations and excess fees at the nontraded REIT.
The largest nontraded real estate investment trust, the $10.8 billion Inland American Real Estate Trust Inc., said Wednesday that some investors are alleging the REIT's management failed in its fiduciary responsibility, resulting in false valuations and excess fees being paid to the REIT's business
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