Another large nontraded real estate investment trust has seen a sharp decline in its estimated value, with CNL Lifestyle Properties Inc. reporting on Tuesday a new estimated per share value of $7.31, a drop of 27% from its offering price.
Allegations in dropped lawsuit included misrepresentation of objectives, holdings and dividend policy
CEO Daniel Goodwin doesn't rule out legal action against Retail Properties of America Inc., which Inland formerly controlled.
John Simmers is jumping back into the IBD business and leading a group that plans to acquire Calton & Associates.
Sources say AIG's Advisor Group is one of four potential buyers for Woodbury, The Hartford indie B-D with roughly 1,600 reps
KBS property trust REIT down to $5.16 from launch price of $10; dividends to investors halted.
