Wells Timberland REIT
I thought I had blogged on this REIT last fall, but I guess not. I recommend reading Timberland's October 15, 2007 8-k. Closely. Especially the passages describing the $160 million bridge loan utilized to acquire the REIT's sole property. There is a $40 million principal payment due at the end of February and an additional $24 million of principal is due no later than April 30, 2008. The section on the REIT issuing preferred stock to Wells Real Estate should also be read.