The estimated per share valuation of CNL Lifestyle Properties, a large nontraded REIT that owns ski and mountain resorts, continues to sink despite the recent broad rally in commercial real estate.
New acquisition by nontraded REIT czar costing him — $3.74 million in Texas state court settlement over sale of DBSI notes.
CNL Lifestyle CEO tells shareholders he's seeking 'attractive' exit for portfolio.
In an updated lawsuit, plaintiffs allege American Realty Capital Properties insiders artificially inflated a key metric to help it grow into a powerhouse with 4,400 properties and $21 billion in assets.
The audit committee for troubled traded REIT American Realty Capital Properties Inc. said it “found certain material weaknesses in the company's internal controls over financial reporting and its disclosure controls and procedures.”
Huge hurdles for nontraded REIT sponsor in weeks ahead.
IBD inks deal with Southwest financial services company Zions Bancorporation, adding 50 reps and advisers.
Once restructuring is completed, the company expects $3 million in annual savings after taking $9 million charge to move Fortigent unit to corporate headquarters in Charlotte, N.C.
Top executives at the firm are among those facing smaller bonuses after a year of discouraging financial results.
