8-K Watch
I am checking for an 8-K filing from Wells Timberland REIT. Its next mezzanine loan payment is due on Thursday and I suspect an 8-K filing will provide information on the loan's status.
Opinions and insights on alternative investments with a focus on real estate securities.
1 comment:
The 8-K is out. This looks like a good deal for Wachovia. They get to bleed Wells at 11% interest for another 6 months and get their hooks into the preferred stock. Would this amendment preclude the issuance of additional preferred stock sometime next year at the end-game of the mezzanine loan?
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