As Much Scoop As I Know
A large TIC sponsor is talking to two or three smaller TIC sponsors about taking over the management of the smaller sponsors' existing properties. I know the name of the large sponsor but was not told the smaller companies (I am guessing its two not three). If the deals happen, I am told, it will likely be within the next several weeks. I am skeptical, but will wait and see. Apparently, the smaller companies approached the larger company due to their inability to get financing for current deals, and lack of deals impairs their financial viability.
Monday, November 05, 2007
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