Tuesday, June 19, 2012
Lifesaver or Lead Balloon?
Here is an InvestmentNews article about CNL and Behringer Harvard teaming up to sell two of CNL's REITs, Global Growth and Global Income, both that are advised by Macquarie. The two REITs have raised, combined, approximately $100 million in the more than two years they have been available to broker / dealers. If CNL really wanted to help Behringer Harvard's sales force, it would have allowed them access to the two CNL deals that are actually generating meaningful sales, the CNL Healthcare REIT and the Corporate Capital Trust business development corporation, not the two lagging Macquaire REITs.