June 8, 2007 | Vol. 3 No. 6

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Volume 3 - Number 6 | June 8, 2007

TOP STORY: When Merger Closes, Grubb & Ellis Becomes Largest TIC Sponsor
By Michelle Napoli
When its merger with NNN Realty Advisors Inc. is complete, Grubb & Ellis Co.--a major Chicago-based commercial real estate brokerage, property management and advisory services firm--will by default become the biggest TIC sponsor in the nation.

Insider: Assessing Working Capital in TIC Offerings
By Bryan S. Mick
Bryan S. Mick, president of Mick & Associates PC, an Omaha-based law firm, defines existing reserve accounts, examines the potential rationales for collecting working capital reserves and concludes that working capital reserves should not be a substantial component of a prudently structured TIC offering.

TICA Adopts Securities Position Statement, Picks President-Elect
By Michelle Napoli
When the board of directors of the Tenant-in-Common Association, based here, met last month in Chicago, among the business items it took care of was the adoption of its first official position statement.

Update: $151M of Exchange Funds Tied Up in QI Bankruptcy
By Michelle Napoli
Some 300 investors and about $151 million of their equity, intended for reinvestment via 1031 exchanges, are now tied up in bankruptcy proceedings.

Sponsor UpClose: Covington Realty Partners
By Michelle Napoli

Short Takes: RealShare TIC Returns Next Week

Recent Transactions: Medical Office Buy Closed by DeSanto