Tuesday, May 07, 2013
I saw this Bloomberg article over the weekend. There are multiple concepts at work in this article - fees, conflicts of interest, struggles for management control - but none are fully or clearly developed. There some interesting comments, too, like investors in non-traded REITs don't want appreciation or that non-traded REIT sponsors overpay for properties to inflate their fees. I think the author would have been better served to break the various points into several articles.