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Volume 2 - Number 21 | November 14, 2005
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TOP STORY: TICs Moving Into Oil and Gas
By Erika Morphy
The first wave of Tenant-in-Common ownership opportunities hit the market more than a decade ago and grew significantly in 2001, when the Internal Revenue Service clarified key points for investors. Now industry experts believe the TIC industry is poised for greater expansion because oil and gas assets are being added to the mix
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Capital Watch: Investors Watch NovaStar Dividends
By Benjamin Mark Cole
No other mortgage REIT seems to draw as much attention on Wall Street as Kansas City-based NovaStar Mortgage Inc. Investors are impressed by the current dividend NovaStar is paying to shareholders: 19.4%, at current quarterly payout.
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Principal Expands Its Sell Side Platform
By Erica Morphy
Principal Capital Real Estate Investors, a member of the Principal Financial Group, is building on its already a strong reputation in the CMBS industry. It is expanding its sell side platform, an operation that is separate from the buy side, in response to strong demand for these securities.
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Behind the Deal: How Secondary Market Benefits TICs
By Benjamin Mark Cole
The nation’s tenants-in-common – TIC -- market is growing by leaps and bounds, says Glen Esnard, vice president of real estate for Los Angeles-based Fort Properties L.P., a TIC sponsor. To grow even more, he wants the industry to standardize its underwriting and reporting procedures to enable the creation of a secondary market for TIC ownership units or shares.
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