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.