Tuesday, June 18, 2013

United Realty, We Barely Knew Ye

Non-traded REIT, United Realty Trust, pulled its offering after its distributing broker / dealer, Allied Beacon, ran "afoul of net capital regulations," according to InvestmentNews.   The InvestmentNews article says the REIT has $24.9 million in assets, and that it intends to engage another dealer manager.  United Realty's 10-Q is worth a glance.

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