Oopsy daisy: private REIT loses 87.5% of value “An exclusive, private real estate investment trust launched a decade ago has tanked. American Spectrum Advisors, the adviser to the American Spectrum REIT I Inc., this month offered to buy 1.6 million shares of the moribund REIT for $1.25 per share. The shares were originally sold for $10 per share.” (Investment News) Private Equity Giants With a Taste for Auto Body Shops “The Blackstone Group and the Carlyle ...
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