Inland Western REIT
It filed an 8-K today stating that its quota for redemption requests for 2008 has been met and no further redemption requests will be honored in 2008. The 8-K went on to state that Inland Western REIT is suspending its redemption program indefinitely. What did this real estate investment trust buy, the Hotel California ("you can check in anytime you like, but you can never leave")? Seriously, the decision to indefinitely suspend redemptions will have an impact on Inland American REIT's capital raising efforts.