July 11, 2008 | Vol. 4 No. 7

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Volume 4 - Number 7 | July 11, 2008

TOP STORY: TSG Inks Deal to Sell MasterLease Positions, Galt Seeks Roll Up
By Michelle Napoli
In an effort to exit from its master lease obligations, locally based TSG Real Estate LLC has negotiated a deal to sell its TIC property master lease positions to Galt Growth Properties LLC, a new entity formed by Galt Capital founder Bruce Tizes.

Trend: Sponsors Taking on Management of Others’ Deals
By Michelle Napoli
While there have been a few isolated cases of sponsors taking over management of other sponsors’ TIC properties in recent past, new reports of such instances suggest a trend is truly taking shape.

Private Equity Firm Invests in Welton Street;Life Income Funds Launched
By Michelle Napoli
Private equity firm FTVentures has invested $14.4 million in Welton Street Holdings LLC, the parent company of broker-dealer Welton Street Investments LLC and registered investment advisor Welton Street Advisors LLC.

Update: S&P TIC Sponsor Evaluation Back on Track
By Michelle Napoli
After a move to the servicer-evaluations team in Standard & Poor’s structured-finance group and fine-tuning of some details, S&P’s Tenant-in-Common Sponsor Evaluation product is back.

Partnering With Local Banks: Lead GenerationProspects for QIs, Reps
By Michelle Napoli
Registered reps looking for ways to boost business in a down market might take a page from the business strategy of qualified intermediary Banker Exchange LLC, says TIC Properties LLC president Trevor Gordon.

Rep’s Corner: Mark Kosanke of Concorde Financial Group
By Michelle Napoli

Short Takes: Thompson Seeks Reappointment to G&E Board
By Michelle Napoli

Recent Transactions: SCI Plans Expansion for Student Housing Buy