The North American Securities Administrators Association has once again taken aim at REIT sales practices. According to the Wall Street Journal, the group wants to push legislation that would limit the percentage of an individual ‘s net worth that could be invested in nontraded REITs. The REIT concentration limit proposal “would add a uniform concentration […]
Is 60% Lost Value “Good”? Behringer Harvard (Monogram Residential) REIT Loss Post
Regular visitors to this website know we watch nontraded REITs very closely. Although the industry attracts over a billion dollars per month in new money, nontraded REITs are not suitable for most ordinary investors. There are several reasons for our opinion including their lack of transparency and liquidity. Case in point? Monogram Residential Trust, formerly […]
Massachusetts Targets REITs… Again
We have written many posts about REITs – Real Estate Investment Trusts. They can be great investments but many have liquidity problems. Stockbrokers often recommend them to the wrong customers as well. In May, Massachusetts Secretary of State William Gavin announced that five brokerage firms had agreed to pay restitution of $6.1 million to settle […]