Tuesday, May 01, 2012
CB Richard Ellis Realty Trust Announces Internalization
CB Richard Ellis Realty Trust announced yesterday in an 8-K that it is beginning the process of becoming self-managed, otherwise known as internalizing its manager. This is a long filing and I need to delve deeper into it, but on first glance it doesn't look like there is an internalization fee. There are fees, but I don't see a big stock payday, but need to go through the fine print. I will post back after I complete reading the document.