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The project fits with JLLs acquisition strategy of picking suburban locations in highly-rated school districts with attractive demographics and significant barriers to entry, said Allan Swaringen, president and chief executive officer of the nontraded REIT
Wells Timberland REIT is a public, nontraded REIT
that manages over 308,000 acres of commercial timberland in central Georgia and Alabama.
At the time Block committed the fraud, ARCP's chairman was Nicholas Schorsch, who also led AR Capital, the biggest nontraded REIT
sponsor in the U.
The deals that have been terminated involved Cole Capital's private-capital management operations, not all of Cole's nontraded REIT
Wells REIT II is the only public, nontraded REIT
currently holding credit ratings from S&P and Moody's.
This is unfortunate, considering that ARCP had built up a very strong brand and strong relationships with advisors who valued what the company brought to the nontraded REIT
niche," explained Elzweig.
LLC and its nontraded REIT
affiliates completed three additional investments prior to year-end 2008, underscoring its continuing ability to act as an alternative source of capital during all market conditions.
Wells REIT II, with more than 100,000 active investors, is a public, nontraded REIT
focused primarily on Class-A office and industrial properties.
Wells REIT II, a public nontraded REIT
specializing in office properties, now has 77 buildings in 23 states and Washington, D.