The amendment is intended to expand and update corporate governance mechanisms in public limited partnerships
, in order to ensure the proper protection of investors.
Many family limited partnership agreements contain more transfer restrictions than the agreements of the public limited partnerships
or REITs against which they are often compared, or they have inferior assets and management performance.
The company has served as the general partner for 17 public limited partnerships
and four private partnerships and has raised, financed and managed assets of nearly $4 billion serving more than 100,000 investors.
Radov was a principal in the management of a series of public limited partnerships
that invested over $800 million in the production and distribution of more than 130 major motion pictures.
This discount is then subtracted from the indication from comparable public limited partnerships
to give the net minority interest (control) discount.
In the course of the last ten years Co-Lead Counsel, Chimicles & Tikellis LLP and Goodkind, Labaton, Rudoff & Sucharow LLP, have been involved in the development of case law regarding the protection of investors in public limited partnerships
In 2003, he successfully reduced a $90 million jury verdict for punitive damages against the general partner of various public limited partnerships
for breach of fiduciary duty.
The settlement will resolve nearly five years of litigation prosecuted on behalf of a Class comprised of over 17,000 investors in 8 public limited partnerships
, namely, Real Estate Associates Limited, Real Estate Associates Limited II - VII, and Housing Programs Limited (collectively, "REAL Partnerships").
In addition to FLI's leasing activities, the Company also manages five public limited partnerships
and a lease finance placement and advisory business.
NAPICO"), the corporate managing general partner of eight public limited partnerships
, Real Estate Associates Limited Partnerships I - VII, and Housing Programs ("REAL Partnerships"), based in Los Angeles.
Kebely has over 15 years' financial management expertise with vice president, treasury and controllership responsibilities for manufacturing, real estate and syndication companies, subsidiaries and public limited partnerships
Host Marriott also announced today that it has received the necessary partner approvals to acquire eight public limited partnerships
that own 24 full-service Marriott hotels as part of the REIT conversion.