December 12, 2006 | Vol. 2 No. 12

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Volume 2 - Number 12 | December 12, 2006

TOP STORY: NAR Wants State RE Regulators to ‘Increase Oversight’ of TICs
By Michelle Napoli
The National Association of Realtors has sent a letter to state Realtors association execs encouraging them to get more involved in “educating” state real estate regulators about TIC transactions. While NAR does not state it will be proactive in encouraging licensing law enforcement actions of TIC interests, industry participants agree one should read between the lines.

Insider: Standard & Poor’s Joan Biro
By Michelle Napoli
TIC Monthly recently spoke with Joan Biro, director in New York City-based Standard & Poor’s structured finance group. As noted in the November issue of the newsletter, Biro has been spearheading a project that will a develop a methodology to be used to evaluate and rank TIC investment sponsors.

Triple Net Raises $160M With Eye on Going Public
By Michelle Napoli
While going private transactions have been a major force shaping the commercial real estate world in 2006, one tenant-in-common sponsor has raised funds at the corporate level with an eye toward being a publicly listed company next year.

New Concept for 1031 Market: Introducing ‘FlexTIC’
By Michelle Napoli
A California-based commercial real estate broker and attorney introduced a new concept to the TIC business earlier this month when he launched FlexTIC. The Santa Barbara business plans to provide what is essentially shorter term investments in TIC property interests to time-pressed 1031 exchange buyers.

Sponsor UpClose: ExchangePoint Properties LLC
By Michelle Napoli

REM Goes Green With Major Editorial Initiative
By John Salustri

Data Points: Cap Rates, Cash Flow of Securitized TIC Deals

Short Takes: A-Spire Teams With Colliers, Names New VP

Recent Transactions: Another Indianapolis Property Goes TIC