Monday, July 22, 2013

Stuff Happens

Boy, take about ten days off and stuff happens.  Here is an article from InvestmentNews' Bruce Kelly, which summarizes a few articles from last week, on broker / dealers halting sales of some big named non-traded REITs. 


Anonymous said...

So ARC V has been "suspended" from NPH, Cetera, Sec Am, and ING. That stings. Cole has been suspended from AIG bd's. LPL just published a white paper explaining why NNN leases could get torched in rising rate environment. Feel free to draw your own conclusion.

Rational Realist said...

There is too much fluidity in NTRs right know, and independent BDs, which move at glacial speed, are scared by liquidity events. It's easier to pull a deal than understand it. BDs want net lease REITs to have as long a term a leases as possible, which is horrible in a rising rate environment, and push sponsors to buy these type assets. Plenty of other investments on BDs' platforms stink in rising rate environment, too, but I'm not holding my breath for the Bruce Kelly article on these deals getting pulled.