American Crapital Development
I received an email solicitation from a secondary tenant in common market maker this afternoon. The information was on an American Capital Development deal originally syndicated in June 2006. The email did not offer too much data on the deal - 212 units in Washington State and the equity is being offered at $67,591 - but what stuck out to me was it was not paying a distribution. Why is that not a surprise coming from this sponsor?